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on August 12, 2024
Global Running Apparel Market to Reach US$ 603.16 Million by 2029: Market Poised for 6.2% CAGR Growth
Summary: The Global Running Apparel Market, valued at US$ 395.88 million in 2022, is projected to grow at a CAGR of 6.2% from 2023 to 2029, reaching nearly US$ 603.16 million. This growth is driven by increasing health awareness, rising fitness trends, and the expanding sports apparel industry.
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Market Size:
The Global Running Apparel Market, currently valued at US$ 395.88 million in 2022, is expected to witness significant growth over the next few years, with a projected market size of US$ 603.16 million by 2029. This represents a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2023 to 2029.
Overview:
The Running Apparel Market is experiencing robust growth due to increasing health awareness, fitness trends, and the popularity of sports activities across the globe. As more consumers adopt healthier lifestyles, the demand for high-quality running apparel is rising, leading to an expanding market for sportswear companies. This report provides a comprehensive analysis of the market, highlighting the key drivers, challenges, and opportunities shaping the industry's future.
Market Scope:
The scope of the market analysis includes detailed segmentation based on product types, end users, and distribution channels. The report examines market trends, competitive landscapes, and key developments in the Running Apparel industry. Both qualitative and quantitative analyses are employed to provide a holistic view of the market dynamics, offering insights into market growth potential and the strategies employed by leading players.
Segmentation:
-
By Product Type:
- Clothing
- Footwear
- Others
-
By End User:
- Men
- Women
- Kids
-
By Distribution Channel:
- Offline
- Online
Major Manufacturers:
- Adidas Group
- New Balance
- ASICS
- Nike
- Amer Sports
- Skechers USA
- Fitbit Inc.
- British Knights Newton Running
- Puma NA
- Under Armour Inc.
- VF Corporation
- Garmin Ltd.
- The Rockport Group
- Columbia Sportswear
- Wolverine World Wide
Regional Analysis:
The report provides a detailed PESTLE analysis of the Running Apparel Market across various regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America. Each region's market dynamics are examined, considering the political, economic, social, and technological factors impacting the market. North America currently leads the market, driven by a strong sports culture and high consumer spending on fitness apparel. However, the Asia Pacific region is expected to witness the fastest growth, attributed to increasing health consciousness and a rising middle-class population.
COVID-19 Impact Analysis:
The COVID-19 pandemic significantly impacted consumer behavior, leading to a shift in market dynamics. With the closure of gyms and fitness centers, there was a surge in demand for home workout gear, including running apparel. As industries adapt to the new normal, the Running Apparel Market is expected to continue its growth trajectory, supported by sustained consumer interest in fitness and health.
Key Questions Answered:
- What is the expected CAGR for the Running Apparel Market during the forecast period?
- Which segment dominates the Running Apparel industry?
- Who are the major players in the global Running Apparel Market?
- What will the market size be by 2030?
- Which company holds the largest market share in the Running Apparel industry?
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About Us:
Maximize Market Research is a dynamic market research and business consulting firm that serves a diverse array of international clients. We are committed to fostering revenue growth and providing actionable insights, earning the trust of numerous Fortune 500 companies. Our comprehensive methodology and deep industry knowledge make us an essential partner for businesses striving to succeed in competitive markets.
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