Running Apparel Market Size, Trends and Insights By Product Type (Tops, Bottoms, Accessories, Others), By Gender (Men, Women, Unisex), By Distribution Channel (Specialty and Sports Shops, Supermarkets and Hypermarkets, Department and Discount Stores, Online, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
Study Period: | 2024-2033 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- Nike Inc.
- Adidas AG
- Under Armour Inc.
- PUMA SE
- ASICS Corporation
- New Balance Athletics Inc.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Running Apparel Market is expected to record a CAGR of 5.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 16,012.1 Million. By 2033, the valuation is anticipated to reach USD 25,053.7 Million.
The running apparel market comprises clothing and accessories designed specifically for running, catering to both recreational runners and professional athletes. This market includes items such as moisture-wicking shirts, breathable shorts, tights, jackets, and supportive socks.
Key drivers include a growing focus on health and fitness, technological advancements in fabric and design, and increased female participation in running. Brands also emphasize sustainability with eco-friendly materials. The rise of e-commerce and athleisure trends has expanded market reach. Major players like Nike, Adidas, and Under Armour lead the market with innovative products and strategic community engagement.
Running Apparel Market – Significant Growth Factors
The Running Apparel Market presents significant growth opportunities due to several factors:
- Health and Fitness Awareness: Increasing global awareness of the benefits of physical fitness has led to a surge in running as a popular exercise, driving demand for specialized running apparel, including performance-enhancing gear and accessories designed to improve comfort and safety.
- Technological Advancements: Innovations in fabric technology, such as moisture-wicking materials, breathable fabrics, and smart clothing with embedded sensors, enhance performance and comfort, attracting more consumers. Additionally, advancements in sustainable and eco-friendly materials appeal to environmentally conscious runners.
- Rise of E-commerce: The growth of online retail platforms provides consumers with easy access to a wide range of running apparel, offering convenience, variety, and competitive pricing. Enhanced digital experiences, such as virtual try-ons and personalized recommendations, further drive online sales.
- Athleisure Trend: The blending of athletic wear with everyday fashion has made running apparel versatile and stylish, appealing to a broader audience beyond just runners. This trend promotes multifunctional clothing that can be worn for both exercise and casual activities, increasing overall demand.
- Sustainability and Eco-friendly Products: Growing consumer demand for environmentally friendly products presents an opportunity for brands to innovate with recycled materials, organic fibers, and sustainable manufacturing processes. This focus on sustainability can enhance brand reputation and attract eco-conscious customers who prioritize green practices.
- Expansion into Emerging Markets: Increasing disposable incomes and a growing interest in fitness in emerging markets such as Asia-Pacific and Latin America provide significant growth opportunities for running apparel brands looking to expand their global reach. Tailoring products to local preferences and investing in regional marketing can further boost market penetration.
Running Apparel Market – Mergers and Acquisitions
The Running Apparel Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Running Apparel Market include:
- In 2024, Adidas AG plans to release the remaining Adidas YEEZY inventory starting May 2023, underscoring its dedication to meeting the high demand for YEEZY products. This move targets fashion and sneaker enthusiasts, aiming to satisfy collectors and maintain market allure with this iconic collaboration.
- In 2022, Nike’s Swoosh project introduces a non-fungible token (NFT) marketplace on the Polygon blockchain, aiming to expand into Web3 services. It will feature NFTs for Nike-branded virtual apparel, including sneakers, clothing, and collectables.
These mergers and acquisitions helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Running Apparel Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
Running Apparel Market | Running Gear Market | Running Shoe Market |
CAGR 5.1% (Approx) | CAGR 9.2% (Approx) | CAGR 4% (Approx) |
USD 25,053.7 Million by 2033 | USD 51,638.7 Million by 2033 | USD 19 Billion by 2030 |
Running Apparel Market – Significant Threats
The Running Apparel Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Intense Competition: The running apparel market is highly competitive, with numerous established brands and new entrants vying for market share. This intense competition can lead to price wars, reduced profit margins, and increased marketing costs as companies strive to differentiate their products and capture consumer attention.
- Economic Downturns: Economic instability or recessions can significantly impact consumer spending on non-essential items like running apparel. During tough economic times, consumers may cut back on discretionary spending, leading to decreased demand for premium and mid-range running gear, affecting overall market growth.
- Supply Chain Disruptions: Global supply chain issues, such as those caused by natural disasters, political instability, or pandemics, can disrupt the production and distribution of running apparel. These disruptions can lead to delays, increased costs, and inventory shortages, affecting the ability of brands to meet consumer demand efficiently.
- Shifts in Consumer Preferences: Rapid changes in fashion trends and consumer preferences pose a threat to running apparel brands. If brands fail to quickly adapt to new trends or anticipate shifts in consumer behavior, they risk losing market share to more agile competitors who better align with current demands and styles.
- Counterfeit Products: The proliferation of counterfeit running apparel products presents a significant threat to the market. Counterfeit goods can undermine brand reputation, erode consumer trust, and lead to financial losses for legitimate manufacturers. Additionally, poor-quality knockoffs can negatively impact the perceived quality of genuine products, harming brand loyalty.
Category-Wise Insights:
By Product Type
- Tops: Tops in the running apparel market include T-shirts, tank tops, long-sleeve shirts, and hoodies designed for comfort and performance during running. They often feature moisture-wicking fabrics and ergonomic designs. Lightweight and breathable materials like polyester and nylon dominate. Trends include seamless construction for comfort and reduced chafing, along with stylish designs that cater to both performance and casual wear, reflecting the athleisure trend.
- Bottoms: Bottoms encompass shorts, tights, leggings, and pants tailored for running, offering support and freedom of movement. Key features include moisture management and muscle compression for enhanced performance. Increasing demand for compression leggings and shorts for muscle support. Lightweight, stretchable fabrics with quick-drying properties are popular. Design innovations include reflective elements for safety and pockets for storage, catering to functional and aesthetic preferences.
- Accessories: Running accessories include socks, gloves, headbands, hats, and hydration packs that complement running apparel, enhancing comfort, performance, and safety during runs. Sustainable materials in accessories like bamboo socks and recycled polyester hats are gaining traction. Technology integration, such as moisture-wicking fabrics and touchscreen-compatible gloves, meets the needs of tech-savvy runners. Lightweight, breathable designs are favored for optimal comfort and functionality.
- Others: The “Others” category in the running apparel market encompasses specialized items such as compression sleeves, arm warmers, and running belts, designed to support specific aspects of running performance. Increasing popularity of compression sleeves for muscle recovery. Smart accessories like GPS-enabled running belts for tracking performance metrics. Innovations in materials, such as anti-chafing fabrics and weather-resistant coatings, cater to niche needs and enhance overall running experience.
By Gender
- Men: Running apparel for men includes a range of tops, shorts, pants, and accessories tailored for comfort and performance during running and other athletic activities. Men’s running apparel trends focus on technical fabrics with moisture-wicking properties, compression gear for muscle support, and stylish designs that transition seamlessly from workouts to casual wear. There’s also an increasing demand for eco-friendly materials and smart apparel integrating technology for enhanced performance monitoring.
- Women: Women’s running apparel encompasses a variety of tops, sports bras, leggings, shorts, and accessories designed to provide comfort, support, and style during running and fitness activities. Trends in women’s running apparel include fashionable designs that prioritize fit and functionality, such as high-waisted leggings and seamless bras. There’s a growing emphasis on inclusivity with size-inclusive ranges and sustainable materials like recycled fabrics. Technological advancements like moisture-wicking fabrics and breathable materials cater to diverse preferences in performance and style.
- Unisex: Unisex running apparel is designed to be gender-neutral, accommodating a broad spectrum of body types and preferences without conforming to traditional gender-specific designs. Unisex running apparel trends focus on versatility and inclusivity, featuring minimalist designs, neutral colors, and sizes that cater to all genders. Sustainability is a key trend with brands using eco-friendly materials and production methods. Functional features like moisture management and lightweight materials appeal to a wide audience seeking performance-oriented and socially conscious products.
By Distribution Channel
- Specialty and Sports Shops: These stores specialize in athletic gear, offering a wide range of running apparel brands and expertise. Trends include personalized customer service, exclusive product launches, and partnerships with local running events to enhance community engagement.
- Supermarkets and Hypermarkets: These retail giants offer convenience and competitive pricing for basic running apparel, focusing on affordability and accessibility to attract budget-conscious consumers.
- Department and Discount Stores: Known for offering both premium and budget-friendly options, these stores appeal to a wide demographic by stocking running apparel alongside other clothing categories. Trends include seasonal discounts, private label expansions, and online integration.
- Online: E-commerce platforms provide convenience, extensive product ranges, and customer reviews, driving growth in online sales of running apparel. Trends include personalized shopping experiences, virtual try-ons, and seamless omnichannel integration.
- Others: Includes direct-to-consumer brands, pop-up shops, and specialty online retailers catering to niche markets within the running apparel segment. Trends focus on experiential retail, sustainability initiatives, and innovative marketing strategies to differentiate from traditional retail channels.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 16,012.1 Million |
Projected Market Size in 2033 | USD 25,053.7 Million |
Market Size in 2023 | USD 15,235.1 Million |
CAGR Growth Rate | 5.1% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Product Type, Gender, Distribution Channel and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Running Apparel Market – Regional Analysis
The Running Apparel Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: Known for its advanced sports apparel market, North America emphasizes high-performance fabrics and technologies like moisture-wicking and compression gear. Trends include a strong preference for athleisure styles that transition from workout to casual wear seamlessly.
- Europe: European markets prioritize sustainable and eco-friendly running apparel, with a focus on organic materials and ethical manufacturing practices. Fashion-forward designs and functional clothing suitable for varying weather conditions are prevalent trends.
- Asia-Pacific: This region showcases rapid growth driven by increasing health awareness and rising disposable incomes. Trends include demand for lightweight and breathable fabrics, as well as innovative designs catering to diverse climates and cultural preferences.
- LAMEA (Latin America, Middle East, and Africa): LAMEA markets are characterized by a blend of practicality and style, with a growing interest in performance-enhancing apparel. Trends include vibrant colors, culturally influenced designs, and a shift towards online shopping platforms to reach a broader audience in geographically dispersed regions.
Competitive Landscape – Running Apparel Market
The Running Apparel Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Nike Inc.
- Adidas AG
- Under Armour Inc.
- PUMA SE
- ASICS Corporation
- New Balance Athletics Inc.
- Brooks Sports Inc.
- Columbia Sportswear Company
- Lululemon Athletica Inc.
- The North Face Inc.
- Saucony Inc.
- Mizuno Corporation
- Patagonia Inc.
- Reebok International Ltd.
- Hoka One One
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New players entering the running apparel market are leveraging innovation to differentiate themselves. They focus on incorporating advanced fabric technologies, sustainable materials, and ergonomic designs to attract health-conscious consumers. These companies often emphasize direct-to-consumer models and digital marketing strategies to establish their presence quickly.
Key players like Nike, Adidas, and Under Armour dominate the running apparel market through extensive brand recognition, global distribution networks, and continuous innovation. They maintain market leadership by investing in research and development, launching high-profile marketing campaigns, and forging strategic partnerships with athletes and sports organizations. Their ability to offer a wide range of products catering to various consumer preferences and performance needs solidifies their stronghold in the industry.
The Running Apparel Market is segmented as follows:
By Product Type
- Tops
- Bottoms
- Accessories
- Others
By Gender
- Men
- Women
- Unisex
By Distribution Channel
- Specialty and Sports Shops
- Supermarkets and Hypermarkets
- Department and Discount Stores
- Online
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Running Apparel Market, (2024 – 2033) (USD Million)
- 2.2 Global Running Apparel Market: snapshot
- Chapter 3. Global Running Apparel Market – Industry Analysis
- 3.1 Running Apparel Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Health and Fitness Awareness
- 3.2.2 Technological Advancements
- 3.2.3 Rise of E-commerce
- 3.2.4 Athleisure Trend
- 3.2.5 Sustainability and Eco-friendly Products
- 3.2.6 Expansion into Emerging Markets.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Gender
- 3.7.3 Market Attractiveness Analysis By Distribution Channel
- Chapter 4. Global Running Apparel Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Running Apparel Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Running Apparel Market – Product Type Analysis
- 5.1 Global Running Apparel Market Overview: By Product Type
- 5.1.1 Global Running Apparel Market Share, By Product Type, 2023 and 2033
- 5.2 Tops
- 5.2.1 Global Running Apparel Market by Tops, 2024 – 2033 (USD Million)
- 5.3 Bottoms
- 5.3.1 Global Running Apparel Market by Bottoms, 2024 – 2033 (USD Million)
- 5.4 Accessories
- 5.4.1 Global Running Apparel Market by Accessories, 2024 – 2033 (USD Million)
- 5.5 Others
- 5.5.1 Global Running Apparel Market by Others, 2024 – 2033 (USD Million)
- 5.1 Global Running Apparel Market Overview: By Product Type
- Chapter 6. Global Running Apparel Market – Gender Analysis
- 6.1 Global Running Apparel Market Overview: By Gender
- 6.1.1 Global Running Apparel Market Share, By Gender, 2023 and 2033
- 6.2 Men
- 6.2.1 Global Running Apparel Market by Men, 2024 – 2033 (USD Million)
- 6.3 Women
- 6.3.1 Global Running Apparel Market by Women, 2024 – 2033 (USD Million)
- 6.4 Unisex
- 6.4.1 Global Running Apparel Market by Unisex, 2024 – 2033 (USD Million)
- 6.1 Global Running Apparel Market Overview: By Gender
- Chapter 7. Global Running Apparel Market – Distribution Channel Analysis
- 7.1 Global Running Apparel Market Overview: By Distribution Channel
- 7.1.1 Global Running Apparel Market Share, By Distribution Channel, 2023 and 2033
- 7.2 Specialty and Sports Shops
- 7.2.1 Global Running Apparel Market by Specialty and Sports Shops, 2024 – 2033 (USD Million)
- 7.3 Supermarkets and Hypermarkets
- 7.3.1 Global Running Apparel Market by Supermarkets and Hypermarkets, 2024 – 2033 (USD Million)
- 7.4 Department and Discount Stores
- 7.4.1 Global Running Apparel Market by Department and Discount Stores, 2024 – 2033 (USD Million)
- 7.5 Online
- 7.5.1 Global Running Apparel Market by Online, 2024 – 2033 (USD Million)
- 7.6 Others
- 7.6.1 Global Running Apparel Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Running Apparel Market Overview: By Distribution Channel
- Chapter 8. Running Apparel Market – Regional Analysis
- 8.1 Global Running Apparel Market Regional Overview
- 8.2 Global Running Apparel Market Share, by Region, 2023 & 2033 (USD Million)
- 8.3. North America
- 8.3.1 North America Running Apparel Market, 2024 – 2033 (USD Million)
- 8.3.1.1 North America Running Apparel Market, by Country, 2024 – 2033 (USD Million)
- 8.3.1 North America Running Apparel Market, 2024 – 2033 (USD Million)
- 8.4 North America Running Apparel Market, by Product Type, 2024 – 2033
- 8.4.1 North America Running Apparel Market, by Product Type, 2024 – 2033 (USD Million)
- 8.5 North America Running Apparel Market, by Gender, 2024 – 2033
- 8.5.1 North America Running Apparel Market, by Gender, 2024 – 2033 (USD Million)
- 8.6 North America Running Apparel Market, by Distribution Channel, 2024 – 2033
- 8.6.1 North America Running Apparel Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Running Apparel Market, 2024 – 2033 (USD Million)
- 8.7.1.1 Europe Running Apparel Market, by Country, 2024 – 2033 (USD Million)
- 8.7.1 Europe Running Apparel Market, 2024 – 2033 (USD Million)
- 8.8 Europe Running Apparel Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Running Apparel Market, by Product Type, 2024 – 2033 (USD Million)
- 8.9 Europe Running Apparel Market, by Gender, 2024 – 2033
- 8.9.1 Europe Running Apparel Market, by Gender, 2024 – 2033 (USD Million)
- 8.10 Europe Running Apparel Market, by Distribution Channel, 2024 – 2033
- 8.10.1 Europe Running Apparel Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Running Apparel Market, 2024 – 2033 (USD Million)
- 8.11.1.1 Asia Pacific Running Apparel Market, by Country, 2024 – 2033 (USD Million)
- 8.11.1 Asia Pacific Running Apparel Market, 2024 – 2033 (USD Million)
- 8.12 Asia Pacific Running Apparel Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Running Apparel Market, by Product Type, 2024 – 2033 (USD Million)
- 8.13 Asia Pacific Running Apparel Market, by Gender, 2024 – 2033
- 8.13.1 Asia Pacific Running Apparel Market, by Gender, 2024 – 2033 (USD Million)
- 8.14 Asia Pacific Running Apparel Market, by Distribution Channel, 2024 – 2033
- 8.14.1 Asia Pacific Running Apparel Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Running Apparel Market, 2024 – 2033 (USD Million)
- 8.15.1.1 Latin America Running Apparel Market, by Country, 2024 – 2033 (USD Million)
- 8.15.1 Latin America Running Apparel Market, 2024 – 2033 (USD Million)
- 8.16 Latin America Running Apparel Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Running Apparel Market, by Product Type, 2024 – 2033 (USD Million)
- 8.17 Latin America Running Apparel Market, by Gender, 2024 – 2033
- 8.17.1 Latin America Running Apparel Market, by Gender, 2024 – 2033 (USD Million)
- 8.18 Latin America Running Apparel Market, by Distribution Channel, 2024 – 2033
- 8.18.1 Latin America Running Apparel Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Running Apparel Market, 2024 – 2033 (USD Million)
- 8.19.1.1 The Middle-East and Africa Running Apparel Market, by Country, 2024 – 2033 (USD Million)
- 8.19.1 The Middle-East and Africa Running Apparel Market, 2024 – 2033 (USD Million)
- 8.20 The Middle-East and Africa Running Apparel Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Running Apparel Market, by Product Type, 2024 – 2033 (USD Million)
- 8.21 The Middle-East and Africa Running Apparel Market, by Gender, 2024 – 2033
- 8.21.1 The Middle-East and Africa Running Apparel Market, by Gender, 2024 – 2033 (USD Million)
- 8.22 The Middle-East and Africa Running Apparel Market, by Distribution Channel, 2024 – 2033
- 8.22.1 The Middle-East and Africa Running Apparel Market, by Distribution Channel, 2024 – 2033 (USD Million)
- Chapter 9. Company Profiles
- 9.1 Nike Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Adidas AG
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Under Armour Inc.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 PUMA SE
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 ASICS Corporation
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 New Balance Athletics Inc.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Brooks Sports Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Columbia Sportswear Company
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Lululemon Athletica Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 The North Face Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Saucony Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Mizuno Corporation
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Patagonia Inc.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Reebok International Ltd.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Hoka One One
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Others.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 Nike Inc.
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
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Demand-side |
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Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
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FAQs
The key factors driving the Market are Health and Fitness Awareness, Technological Advancements, Rise of E-commerce, Athleisure Trend, Sustainability and Eco-friendly Products, Expansion into Emerging Markets.
The “Tops” category dominated the market in 2023.
The key players in the market are Nike Inc., Adidas AG, Under Armour Inc., PUMA SE, ASICS Corporation, New Balance Athletics Inc., Brooks Sports Inc., Columbia Sportswear Company, Lululemon Athletica Inc., The North Face Inc., Saucony Inc., Mizuno Corporation, Patagonia Inc., Reebok International Ltd., Hoka One One, Others.
“North America” had the largest share in the Running Apparel Market.
The global market is projected to grow at a CAGR of 5.1% during the forecast period, 2024-2033.
The Running Apparel Market size was valued at USD 16,012.1 Million in 2024.