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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.
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.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
Knee Pad Market by End-user and Geography – Forecast and Analysis 2022-2026: The knee pad market share is expected to increase by USD 995.54 million from 2021 to 2026.
Activewear Apparel Market by Distribution Channel and Geography – Forecast Analysis 2022-2026: The activewear apparel market share is expected to increase by USD 211.08 million from 2021 to 2026
Running Apparel And Footwear Market in US Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Decelerate at a CAGR of 6.49%
Market growth 2022-2026
USD 9.89 billion
Market structure
Fragmented
YoY growth (%)
7.25
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
adidas AG, ASICS Corp., Authentic Brands Group LLC, Berkshire Hathaway Inc., Columbia Sportswear Co., Deckers Outdoor Corp, Hanesbrands Inc., Karhu Holding BV, Mizuno Corp, New Balance Athletics Inc, Newton Running Co. Inc., Nike Inc, On AG, PUMA SE, Ralph Lauren Corp., Skechers USA Inc., The Gap Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc.
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Consumer Discretionary Market Reports
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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