According to recent data from Future Market Insights (FMI), the Running Shoes Market is valued at approximately USD 44,254.3 million in 2022. It is expected to grow and reach around USD 68,725.6 million by 2032, with a Compound Annual Growth Rate (CAGR) of 4.50% from 2022 to 2032.
Rise the demand of Running Shoes Market
- The growing number of running events worldwide, such as races, marathons, and competitions, is contributing to the moderate increase in the market for running shoes.
- There is a projected rise in demand for running shoes over the forecasted period, driven by more individuals opting to jog or run as part of their fitness routines.
- Consumers are increasingly seeking lightweight, comfortable, and fashionable running shoes to enhance their running experience.
- The trend towards healthier lifestyles and fitness activities is also fueling the demand for running shoes, as more people prioritize regular exercise, including jogging and running.
- Manufacturers are likely to capitalize on this trend by introducing innovative designs and technologies to meet the evolving needs and preferences of runners.
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The shoes were first preferred by ultramarathon runners because of their improved cushion and built-in stability, but they quickly gained favour with other runners since they provide the most cushion for the least amount of weight. In addition to the brand’s original, highest-cushion models, lighter-weight shoes that nonetheless maintain a large portion of the brand’s distinctive cushion are now available in the Hoka collection, along with lightweight training shoes, racing shoes, and track spikes.
Product demand is expected to rise as consumers become more aware of how sports and fitness can improve health and lower the risk of chronic diseases. Running shoes are likely to be in high demand throughout the forecast period as a result of consumers realising how important the right equipment is to prevent muscular soreness, knee and leg pain, and other problems.
Running shoe producers are putting more effort into creating footwear that are stable and comfortable. To draw in additional customers, several manufacturers also provide customisation options. The market for running shoes is anticipated to increase during the forecast period as a result of company sales expansion and novel product launches through online channels, marketing campaigns, and promotional methods.
“North America will drive the Running Shoes market to greater heights because of its advancements in technology, sports events and fitness freaks that make the shoes market grow easily.” Says an FMI analyst.
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Key Takeaways:
- Through 2032, Road Type is expected to hold a significant market share in terms of Running shoe type.
- Consumer Orientation, through 2032, demand will continue to increase in the Male Segment by 46.80%.
- North America shares the major share in the running shoes market by 30.20%.
- Running shoes with trustworthy waterproofing are more preferred shoes in the running shoes market.
Who is winning?
Leading players operating in the Running Shoes Market are 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; and Reebok International Ltd. and among others.
The Running Shoes Market by Category
By Type:
- Road
- Treadmill
- Trail
- Mud
- Snow
By Waterproofing:
- Waterproof
- Water Repellent
By Consumer Orientation:
- Men
- Women
- Kid
By Price Range:
- Below US$ 20
- US$ 20 – US$ 50
- US$ 50 – US$ 100
- Above US$ 100
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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