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.

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