As per newly released data by Future Market Insights (FMI), the Running Shoes Market is estimated at USD 44,254.3 Million in 2022 and is projected to reach USD 68,725.6 Million by 2032, at a CAGR of 4.50% from 2022 to 2032.
Attribute | Details |
---|---|
Running Shoes Market Estimated Size (2022) | USD 44,254.3 Million |
Running Shoes Market Projected Size (2032) | USD 68,725.6 Million |
Running Shoes Market Value-based CAGR (2022 to 2032) | 4.50% |
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Running shoes provide comfort and protection for the feet. The styles of shoes have changed considerably over time and between cultures. Because specific shoes are needed for certain activities, the market has grown in importance. The type of shoe required depends on the activity as well as other elements including age, gender, weight, and any past injuries to the back, ankles, or other parts of the leg.
Due to the growing popularity of outdoor activities, there has been an increase in the demand for running shoes during the past few years. This aspect will likely fuel the worldwide running shoes market throughout the projected period, along with rising disposable income and a preference for physical fitness.
Due to the constantly rising number of running events including races, marathons, and other competitions around the world, the market for running shoes is predicted to increase moderately. Over the projected period, there will be an increase in demand for running shoes as more people choose to jog or run in lightweight, comfortable, and fashionable shoes.
The market is also significantly influenced by the ongoing demand for stylish, cozy, and expensive footwear. Additionally, the market for running shoes is growing as a result of rising disposable incomes, the expansion of e-commerce, cell phones, and mobile internet connectivity.
While, one of the key factors propelling the growth of the running footwear market in the forecast period is the increased preference for lightweight, comfortable, and stylish running shoes, particularly for jogging or running activity among individuals.
Additionally, the expanding sports activity infrastructure and the increasing strength of various manufacturers throughout the world will create several chances that will fuel the expansion of the running footwear market during the projected period.
The advancement of technology has resulted in the creation of more comfortable and protective running shoes. Nowadays, shoes are manufactured of rubber, plastic, and petrochemical-derived materials instead of traditional materials like leather, canvas, etc.
Environmental dangers including temperature swings and sharp rocks can hurt a person's foot. During the projected period, rising outdoor activities and safety concerns are anticipated to fuel demand for running shoes. For ex: One of the major fitness trends for 2022 is reverse running, along with pickleball, weighted hula hoops, and personal training sessions. Therefore, the trick is to wear a pair of lightweight, adaptable sneakers that can keep up with you throughout even the most intense activities.
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Sometimes recycled footwear doesn't get the attention it merits. This innovative option combines eco-friendly ideals with those of elegance and fashion. Right now, a lot of designers are focusing on creating footwear that stands out while also fitting the low-impact lifestyle that so many people desire by utilizing cutting-edge shoe materials. Since recycled shoes combine functionality and usefulness with already-existing materials, they are a fantastic alternative.
Many small businesses have profited from this trend for years, and now major brands are starting to pay attention. Recycled shoes not only look great, but they also solve several issues that arise frequently in the fashion industry. Traditional show components need a significant number of natural resources. Most are now produced abroad to reduce costs, which raises emissions. As if that weren't difficult enough, purchasing goods made by oppressed, underpaid labor has many ethical ramifications.
The demand for running shoes in North America is being driven by customers' increasing sense of fashion consciousness. The demand for running shoes in North America is also being fuelled by product design advancements, health & wellness trends, and aggressive marketing by footwear makers.
Due to the entrance of fresh and cutting-edge styles as well as rising consumer awareness of living a healthy lifestyle, the footwear market in the USA has grown throughout the years. As a result, running shoes with multiple uses-including casual wear-contributed to the growth of the running shoes market. Furthermore, the expansion of the running shoes market in North America has been positively impacted by rising online sales.
Sales have been aided by the simple availability of products on online marketplaces. Because there are so many athletes in North America, the market for footwear has also expanded significantly. The market for women's footwear in North America is expanding as more women enter the workforce there.
The road is the most preferred Game type in the Running Shoes Market
Road running footwear is made for pavement and brief excursions onto compacted terrain with minor imperfections. They are designed to cushion or balance feet during prolonged strides on hard, even surfaces and are light and flexible. The best for runners who use the road, treadmills, or tracks. Road running footwear has a smoother, flatter sole to provide a constant running surface on paved roads.
Waterproof leads the Running Shoes Market
Running shoes will never be completely waterproof, of course. The opening around the ankle can let raindrops and puddles into your shoe, but with the correct running shoes, this risk can be reduced. Running shoes with trustworthy waterproofing can significantly improve your runs.
Due to its consistent moisture protection and breathability, Gore-Tex is one of the most popular waterproof membranes, but there are countless alternative options that are effective as well. You may choose a pair of waterproof running shoes that are appropriate for your foot type, running style, and preferred terrain thanks to the large selection available. The choices on this list were chosen after extensive study, user review analysis, and expertise of the market.
Male is the most prominent category
Every man's shoe collection must include a pair of running shoes. In actuality, the more pairs there are, the better. Since it is a year-round activity, it is always advisable and enjoyable to choose pairs that offer the greatest level of comfort, is portable and strong, look fashionable, and so on. And to be honest, for a lot of us, a nice pair of shoes serves as a form of inspiration to get out of bed each day and achieve a goal. Having said that, it is undeniably difficult to select the ideal pair of shoes.
The running shoe industry is boosting its investments in cutting-edge items to meet consumer demands and provide them with specialized services. Through mergers and acquisitions, footwear producers also intend to broaden their product offering and geographic reach while providing consumers with footwear that is both value-added and reasonably priced.
For Instance:
Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East and Africa(MEA) |
Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, and New Zealand. |
Key Segments Covered | Type, Waterproofing, Consumer Orientation, Price Range, and Region |
Key Companies Profiled | Adidas AG; ASICS Corporation; Fila Inc.; Under Armour, Inc.; Lotto Sport Italia S.p.A; New Balance Athletics, Inc.; Vans, Inc.; Nike, Inc.; Puma SE; Reebok International Ltd.; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The market obtained a revenue of USD 44,254.3 million by 2022.
The rising number of running and fitness events worldwide has caused an upsurge in market demand.
The trend of online marketing via e-commerce is a popular trend in the modern-day market situation.
An increase in the tendency to maintain a healthy lifestyle and the demand for upholding fashion trends drives market demand in North America.
Road running type of footwear is the usual preference of consumers.
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