NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The running apparel market has been segmented by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The offline segment will contribute the highest market share growth during the forecast period. Different types of organized offline outlets in the global running apparel market include specialty stores, department stores, hypermarkets, and warehouse clubs. Offline stores provide a diverse range of products at reasonable rates. These stores assist vendors in expanding their customer base, which will drive the offline segment during the forecast period.
The running apparel market size is expected to grow by USD 18.06 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 6.08% during the forecast period.
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Running Apparel Market: Driver and Trend
The growing online sales of running apparel are driving the market growth. The growth of online stores is likely to accelerate substantially during the forecast period due to increased Internet penetration and the growing number of smartphone users. Many consumers prefer to shop online owing to advantages such as competitive prices, convenience, heavy discounts, cash on delivery (COD) options, and fast delivery services. Vendors are focusing on their online businesses, with the changing buying patterns of consumers. For instance, in July 2021, Puma SE announced the opening of a new digital-enabled store in Bengaluru, India. Such factors will drive the growth of the market during the forecast period.
Digital and social media marketing is a trend in the market. Manufacturers should develop, market, and promote their sports apparel through interactions with consumers on social media platforms to compete in the market. Market players keep consumers engaged using their innovative marketing campaigns on social media and digital platforms such as Facebook, Instagram, YouTube, Twitter, and Pinterest. Companies use such platforms to highlight social messages and promote sports participation through advertisements on digital and social media. In their digital marketing and social media advertising campaigns, vendors also use celebrity endorsements featuring famous athletes, trainers, and sportspersons. This helps them associate famous personalities with their new product launches.
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Running Apparel Market: Regional Analysis
North America will account for 37% of the market's growth during the forecast period. The growth of the market is attributed to factors such as the rising participation in fitness activities like running in countries such as the US. However, market growth in this region will be slower than the growth of the market in other regions. Moreover, the US and Canada are the key countries for the running apparel market in North America. The US organizes some of the most well-known marathons to promote running and other physical activities, such as the Boston Marathon and the New York City Marathon.
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Outdoor Apparel Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
Sports and Fitness Wear Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
Running Apparel Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.08%
Market growth 2022-2026
USD 18.06 billion
YoY growth (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 37%
Key consumer countries
US, Canada, China, Germany, and UK
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
361 Degrees International Ltd., adidas AG, Amer Sports Corp., AnKT Shop, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., Hanesbrands Inc., lululemon athletica Inc., Mizuno Corp., New Balance Athletics Inc., Newton Running Co. Inc., Nike Inc., PEAK, PUMA SE, Shop Li Ning, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Distribution Channel
5.1 Market segments
5.2 Comparison by Distribution Channel
5.3 Offline - Market size and forecast 2021-2026
5.4 Online - Market size and forecast 2021-2026
5.5 Market opportunity by Distribution Channel
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 Germany - Market size and forecast 2021-2026
7.11 Canada - Market size and forecast 2021-2026
7.12 UK - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 adidas AG
10.4 ASICS Corp.
10.5 Columbia Sportswear Co.
10.6 lululemon athletica Inc.
10.7 Mizuno Corp.
10.8 New Balance Athletics Inc.
10.9 Newton Running Co. Inc.
10.10 Nike Inc.
10.11 Under Armour Inc.
10.12 VF Corp.
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
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