Global Running Shoe Market Share Likely to Grow at a CAGR of 5.1% By 2034

Running Shoe Market Size

As per the Running Shoe Market share analysis conducted by the CMI Team, the global Running Shoe market is expected to record a CAGR of 5.1% from 2025 to 2034. In 2024, the market size is projected to reach a valuation of USD 19.5 Billion. By 2034, the valuation is anticipated to reach USD 30.5 Billion.

Running Shoe Market Overview

According to industry experts at CMI, running shoes are defined as the shoes that provide comfort and protection for the feet while running. The styles of shoes have changed significantly over time and between cultures. The market has grown due to the necessity of specific shoes for a given activity and the significance of shoes for that activity. Shoes should be chosen based on activities as well as other considerations like age, gender, weight, and any history of back, ankle, or other leg injuries.

Due to the growing popularity of outdoor activities, there has been an increase in the demand for running shoes during the past few years. During the forecast period, this element, together with rising disposable income and a preference for physical fitness, is anticipated to boost the worldwide running shoe market.

Running Shoe Market Growth Factors and Dynamics

• Integration of Advanced Technology: The combination of wearable devices and performance gear is having a steadily increasing effect on the running shoe sector. More and more people are buying smart trail running shoes that have sensors that can detect things like distance, cadence, pace, calories burned, and foot strike pattern. Runners can use these data points to get better at training and performing. Smartphones and wearables may be able to sync in real time because of smart integration. This means that performance data is constantly available. These latest models are particularly popular with tech-savvy customers, fitness influencers, and professional athletes. In October 2024, On, a Swiss firm that develops sportswear, came up with the Cloudboom Strike LightSpray. It looks like a sock and doesn’t have any laces. This inventive device uses a robotic arm to spray elastic thermoplastic material over a mold that looks like a foot. It makes a whole upper that is connected to a performance midsole, so you don’t need laces. Kenyan Hellen Obiri, who won the Boston Marathon, and other athletes wore the shoe at the 2024 Summer Olympics in Paris.

• Growing Outdoor Recreational Activities: Outdoor sports like trail running, hiking, and trekking have become much more popular since more and more people across the world are interested in health, exploring nature, and wellness tourism. This trend is being driven by a growing middle class that wants to live lives full of experiences and is health-conscious, notably in Asia-Pacific and Latin America. Because of this, there is now a higher need for trail running shoes that are stylish, useful, and durable. Governments and tourism boards that hold festivals and promote eco-trails are also helping this growth. There are more people joining the trail running community because stores and businesses are paying for commercials that show how outdoor activities may be good for both physical and mental well-being. Professional athletes and social media stars are also boosting awareness by showing off the latest performance gear in beautiful outdoor settings. In February 2024, the Agility Peak 4 was released by Merrell in response to the increased popularity of outdoor sports and ecotourism around the world. It was marketed as having great cushioning and being good for the environment.

• Increasing Sustainable and Eco-friendly Running Shoes: One big development in the running shoe business is that more and more people want shoes that are good for the environment and last a long time. Customers are more aware of the environmental impact, which is bringing them closer to companies who make products with sustainability. The brands like Adidas, Nike, and All Birds are using eco-friendly production methods, biodegradable materials, and recycled materials in their walking shoe product portfolio. For instance, although Nike has been using recycled polyester and natural rubber in their walking shoes, Adidas has made shoes out of plastic waste from the ocean. This trend is happening because more people are becoming aware of the bad consequences that mass manufacturing and waste have on the environment in the fashion industry. Customers are also looking for things that show they care about the environment and want to lower their carbon footprint. So, companies that use eco-friendly innovations not only fill a niche in the market, but they also set a positive example for other companies in the industry and attract more and more environmentally concerned customers throughout the world.

Report Scope

Running Shoe Market SWOT Analysis

• Strengths: The running shoe market is being driven by a high consumer base across the age groups. These shoes are used by professional athletes, fitness enthusiasts, and casual users for running, walking, and daily wear. Also, continuous technological innovation influences industry expansion, such as energy-return soles, carbon plates, and smart insoles.

• Weakness: The weakness of the sector is its high product cost, particularly its premium shoes, because advanced running shoes are often priced at more than $150, which limits their purchases in developing areas. Also, in markets like North America and Western Europe, growth has plateaued due to its maturity.

• Opportunities: The running shoe market is driven by the increasing demand from the emerging market, especially the Asia Pacific and LAMEA regions. Rising disposable incomes, health awareness, and urbanization are boosting demand in India, Brazil, South Africa, etc. Moreover, rising demand for trail running, triathlons, and ultra-marathons offers a lucrative opportunity.

• Threats: The major threat for the running shoe industry is high competition. The competition between established and emerging players intensifies the pricing and innovation race, squeezing margins.

List of the prominent players in the Running Shoe Market:

• Puma
• ASICS India Pvt. Ltd.
• VF Corporation
• Asics Group
• Brooks Sports Inc.
• Nike Inc.
• Adidas AG
• Deckers Outdoor Corporation
• Skechers U.S.A Inc.
• New Balance Athletics Inc.
• Wolverine World Wide Inc.
• Amer Sports
• Reebok
• Mizuno Corporation
• The Running Company
• Others

The Running Shoe Market is segmented as follows:

By Type

• Over Pronator
• Neutral Pronator
• Supinator

By Application

• Male
• Female
• Others

By Distribution Channel

• Online
• Offline
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America