Running Apparel Market Insights
The global running apparel market is has witnessed many new innovation with respect to technology. Changing preferences of consumers with regards to comfort and style have resulted in the increase in the demand for customized running shoes in the running apparels market. With these key factors, the global running apparel market is expected to grow at a rate of 6.6% during the forecast period, 2018-2023. Fabrics used for running apparel have been developing considerably in terms of their breathability, weight and smart designs so as to increase the performance of the runner in extreme conditions. Increase in government initiative in various countries to improve the sport participation has been driving the demand for running apparels. For instance, in 2018, the Government of Australia is planning to invest USD 230 million in sport and physical activity initiatives over next five years.
Running Apparel Market Dynamics
Underlying factors behind the growing interest of the key players to invest in R&D for the inclusion of innovation and technology in running apparels, especially for running shoes. Many vendors are focusing on innovative technology by improving user exercise in improving their playing and running skills. For instance Under Armour launched its first smart shoe models in February 2017. These shoes provide runners with automatic tracking capabilities and insights on muscular fatigue. Demand for functional shoes and apparel, which provide comfort while exercising, is thus increasing. Special edition running apparels are likely to gain prominence in the coming years with the continuous partnership of global brands with athletes and major football clubs.New technologies such as seamless garments developed over recent years, have proved to be the big step forward to improve the quality and performance of original synthetic fabrics.
Running Apparel Market Segmentation
There is a massive growth in the participation of women running these days which have a huge influence on the type and range of apparels, leading to rise in the popularity of women running apparels. Sweat and water proof running clothes is expected to drive the running apparels market for clothes over the forecast period. Manufacture of key sports brands like Nike and Adidas are using eco-friendly products such as organic cotton, recycled rubber, plastic materials, and water-based adhesives. Offline channel dominates the running apparel market with a significant market share and it also expected to remain so over the forecast period.
Running Apparel Market– Regional Segmentation
Asia-Pacific records the highest CAGR of 7% during the forecast period followed by South America and Middle-East and Africa by region. North America holds the highest market share with high prominence of the running apparels in the United States in the global running apparel market. Countries like the United Kingdom, Germany and France have led to the growth of European running apparel market. Nike Inc. and Adidas Inc. dominate the sportswear market in Western Europe. Both the brands saw an exponential growth in the past five years leaving little room for the smaller and private labelled European brands in the running apparel market.
Running Apparel Market Competitive Landscape
The market is highly dominated by the key players such as Adidas Inc., Nike Inc., VF Corp, Under Armour, Gildan holding a considerable market share in the global running apparel market. Key players are highly investing on R&D activities for better comfort and quality of running apparels. This has led them to gain competitive advantage over other players in the global running apparel market.
Major Players: Nike, Inc., Adidas Inc., The North Face, A VF Company, Under Armour®, Inc, Puma, Columbia Sportswear Company, Anta.com, ASICS America Corporation, Amer Sports and Gildan.com among others.
Running Apparel Market Key Developments
March, 2018: Gildan.com plans to expand the label’s sales to the United Kingdom and then on to Europe, Canada and later Japan. This expansion is aimed at gaining higher sales revenue and reach USD 100 million by the end of 2018.
Running Apparel Market - Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Global, regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Running Apparel Market - Customization of the Report
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1.1 Scope of the Running Apparel Market
1.2 Study Assumptions
1.3 Research Phases
1.4 Study Deliverables
2. Running Apparel Market Insights
2.1 Running Apparel Market Overview
2.2 Running Apparel Market Trends
2.3 Industry Attractiveness - Porter's Five Force Analysis
2.3.1 Degree of Competitive Rivalry
2.3.2 Threat of Substitutes
2.3.3 Threat of New Entrants
2.3.4 Bargaining Power of Buyers
2.3.5 Bargaining Power of Suppliers
3. Running Apparel Market Dynamics
3.1 Running Apparel Market Drivers
3.2 Running Apparel Market Restraints
3.3 Running Apparel Market Opportunities
4. Running Apparel Market Segmentation
4.1 By Product Type
4.2 By Apparel Type
4.3 By Distribution Channel
4.3.1 Offline Channel
4.3.2 Online Channel
5. Running Apparel Market - Regional Analysis
5.1 North America Running Apparel Market Size (2018-2023)
5.1.1 United States Running Apparel Market Size (2018-2023)
5.1.2 Canada Running Apparel Market Size (2018-2023)
5.1.3 Mexico Running Apparel Market Size (2018-2023)
5.1.4 Rest of North America Running Apparel Market Size (2018-2023)
5.2 Europe Running Apparel Market Size (2018-2023)
5.2.1 Germany Running Apparel Market Size (2018-2023)
5.2.2 United Kingdom Running Apparel Market Size (2018-2023)
5.2.3 France Running Apparel Market Size (2018-2023)
5.2.4 Spain Running Apparel Market Size (2018-2023)
5.2.5 Italy Running Apparel Market Size (2018-2023)
5.2.6 Russia Running Apparel Market Size (2018-2023)
5.2.7 Rest of Europe Running Apparel Market Size (2018-2023)
5.3 Asia-Pacific Running Apparel Market Size (2018-2023)
5.3.1 China Running Apparel Market Size (2018-2023)
5.3.2 Japan Running Apparel Market Size (2018-2023)
5.3.3 India Running Apparel Market Size (2018-2023)
5.3.4 Australia Running Apparel Market Size (2018-2023)
5.3.5 Rest of Asia-Pacific Running Apparel Market Size (2018-2023)
5.4 South America Running Apparel Market Size (2018-2023)
5.4.1 Brazil Running Apparel Market Size (2018-2023)
5.4.2 Argentina Running Apparel Market Size (2018-2023)
5.4.3 Rest of South America Running Apparel Market Size (2018-2023)
5.5 MEA (Middle East and Africa) Running Apparel Market Size (2018-2023)
5.5.1 UAE Running Apparel Market Size (2018-2023)
5.5.2 South Africa Running Apparel Market Size (2018-2023)
5.5.3 Rest of MEA Running Apparel Market Size (2018-2023)
6. Running Apparel Market- Competitive Landscape
6.1 Most Active Companies
6.2 Key Strategies Adopted
6.3 Running Apparel Market Share Analysis
7. Running Apparel Market- Company Profiles
7.1 Nike, Inc.
7.2 Adidas Inc.
7.3 THE North Face, A VF Company
7.4 Under Armour®, Inc
7.6 Columbia Sportswear Company
7.8 ASICS America Corporation
7.9 Amer Sports
*List isn't exhaustive*