Global Running Footwear Market Overview:
Running Footwear market is expected to grow in the future due to rising health concerns and growing participation in fitness activities and the health benefits of sports and physical activities among the people. Moreover, increasing demand from the developing economies expected to fuel the market growth during the forecasted period. The adoption of digital and social media marketing is identified as one of the key trends behind the growth of the running footwear market.
- Increasing Participation of Young Population in Sports and Fitness Activities
- Raising Awareness about Healthy Lifestyle
- Rising Demand for Trendy Yet Comfortable Running Shoes
- Growing Adoption of Shoe Knitting Technology
- Use of Digital and Social Media Marketing
- Availability of Counterfeit Product
- Growing E-Commerce Industry Worldwide
- Increasing Popularity of Sport Events
- Increasing Number of Local Manufacturers in the Market
The Running Footwear market is fragmented, there are various players present in the market who offer a diverse range of products. The key players are focusing on product development and product differentiation to gain a competitive advantage over their competitors. Moreover, they are also engaging in digital and social media marketing to expand their geographical presence.
Some of the key players profiled in the report are Adidas (Germany), ASICS (Japan), New Balance (United States), Nike (United States), Skechers (United States), New Balance Athletics, Inc. (United States), Amer Sports (Finland), AVIA (United States), Brooks Sports Inc. (United States) and British Knights (United States). Additionally, following companies can also be profiled that are part of our coverage like Columbia Sportswear (United States), Eddie Bauer, LLC (United States) and Under Armour (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Running Footwear market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Hypermarkets/Supermarkets will boost the Running Footwear market. Considering Market by End User, the sub-segment i.e. Men will boost the Running Footwear market.
In May 2019, Brooks Running Company and International Front Runners announced a two-year partnership to promote inclusion in running. Together, the two organizations will support the growth of Front Runners clubs in cities beginning in the U.S. and Canada, inviting more runners to join the community and experience the power of the run.
In Aug 2020, ASICS introduced the new running shoes DYNABLAST™, is a performance shoe offering runners a faster, lighter, bouncier ride. Based on ASICS’ trademark human-centric design, it is made for anyone looking to add some fun to their run and put an extra spring in their step.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Running Footwear market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Running Footwear market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Running Footwear Manufacturers, Running Footwear Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.