This report segments the running apparel and footwear market in the US by end-user (men, women, and children) and distribution channel (offline and online)
NEW YORK, Sept. 22, 2022 /PRNewswire/ — One of the trends in the running apparel and footwear market trend in the US is the growing adoption of shoe knitting technology. Manufacturers are upgrading the features of their products to differentiate themselves from their competitors. The shoe-knitting technology improves durability, flexibility, convenience, and comfort. It also helps in lean management and reduces the need for labor. Moreover, this technology saves resources with respect to capital investment, time, and energy. This can transform the entire traditional shoe manufacturing process. Thus, the adoption of the shoe-knitting technique can fuel the growth of the running apparel and footwear market in the US during the forecast period.
The global running apparel and footwear market size in the US is expected to grow by USD 9.89 billion. However, the growth momentum of the market will decelerate at a CAGR of 6.49% between 2021 to 2026, according to Technavio’s latest market report.
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The running apparel and footwear market in the US is fragmented. Vendors are deploying growth strategies such as the expansion of stores and outlets, investment in digital e-commerce platforms, and the acquisition of local companies to increase their product portfolios and strengthen their market positions. The market is expected to grow during the forecast period , owing to the increasing demand for running apparel and footwear, rapid urbanization, and the growing number of running tournaments and clubs in the country.
- adidas AG – The company offers running apparel and footwear such as Designed 4 Running Shorts, Fast Graphic Tank Top, Run Icons 3 Stripes Tight, and Marathon 20 Shorts.
- ASICS Corp. – The company offers running apparel and footwear such as Silver Knee Tight, Wool Rib LS Top, Kasane Jacket GPX Lite, Heavy Down Jacket, Magic Speed, and Gel Kayano 28.
- Berkshire Hathaway Inc. – The company offers running apparel and footwear such as Chaser 7 Short, Distance Graphic Short Sleeve, Distance Graphic Tank, and Moment Hat.
- Columbia Sportswear Co. – The company offers running apparel and footwear such as Montrail Trinity AG Trail Running Shoe, Escape Pursuit Shoe, and Escape Thrive Ultra Shoe.
- New Balance Athletics Inc – The company offers running apparel and footwear such as FuelCell Propel v3, FuelCell SuperComp Trainer, FuelCell 4040 v6 Metal, and FuelCell Shift TR.
By end-user, the men segment will be the largest contributor to market growth during the forecast period. The growth of this segment is driven by high consumer spending in the US. In addition, the increasing demand for smart and convenient running shoes and accessories among men is fueling the growth of this segment.
The high-profit margin is driving the growth of the market. Manufacturers are focusing on introducing new features to make their products suitable for various sports such as tennis, basketball, running, and soccer. They earn high profits from the premium category, though the manufacturing cost is low. Thus, good financial performance will boost the sale of running apparel and footwear.
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- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist running apparel and footwear market growth in the US during the next five years
- Estimation of the running apparel and footwear market in the US, its size, and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the running apparel and footwear market in the US
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of running apparel and footwear market …