The Running Shoes Global Market Report 2023, provides comprehensive information on the running shoes market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Running Shoes Global Market Report 2023, the global running shoes market is expected to grow from $45.16 billion in 2022 to $48.18 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The running shoes market is expected to reach $60.37 billion in 2027 at a CAGR of 5.8%.
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Product innovations are a key trend gaining popularity in the running shoe market. Major companies operating in the running shoe market are focused on developing innovative products to strengthen their position in the market. For instance, in June 2022, Under Armour Inc., a US-based sportswear company, launched the UA Flow Synchronicity, its first female-first shoe. This innovative shoe is designed specifically for female athletes. It combines revolutionary UA Flow technology and consumer insights to create a shoe for her—her form, speed, rhythm, and Journey to Compete. Women who participated in a series of prototypes provided data and customer feedback for the product, and the design team first took an innovative approach to address fit. Additionally, it benefits from a more comfortable, supportive, and responsive fit than traditional running shoes. Moreover, the UA Flow Synchronicity is lighter than standard running shoes owing to UA Flow technology, which also delivers grip without using a hefty, traditional rubber outsole or adhesives.
The running shoes market is segmented:
- By Product type: Stability Shoes, Motion Control Shoes, Cushion Shoes
2) By Type: Road, Treadmill, Trail, Mud, Snow
3) By Closure: Lace-Up, Single-Pull Lace, Bungee Lace, Other Closures
4) By Distribution Channel: Online, Offline
5) By End User: Men, Women, Kids
North America was the largest region in the running shoes market in 2022.
The table of contents in TBRC’s running shoes market report includes:
1.Executive Summary
- Running Shoes Market Characteristics
- Running Shoes Market Trends And Strategies
- Running Shoes Market – Macro Economic Scenario
- Global Running Shoes Market Size and Growth
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- Global Running Shoes Market Competitive Benchmarking
- Global Running Shoes Market Competitive Dashboard
- Key Mergers And Acquisitions In The Running Shoes Market
- Running Shoes Market Future Outlook and Potential Analysis
- Appendix
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