The Business Research Company’s Running Shoes Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Running Shoes Global Market Report 2023evaluates running shoes market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global running shoes market is expected to grow from $45.16 billion in 2022 to $48.18 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The running shoes market is expected to reach $60.37 billion in 2027 at a CAGR of 5.8%.
The increasing number of sports and recreational activities is expected to propel the growth of the running shoe market going forward. Recreational activity is an outdoor activity conducted for exercise, relaxation, or pleasure. It includes walking, swimming, meditation, reading, playing games, and dancing. The appropriate running shoes that suit various activities style are critical for avoiding frequent injuries. For instance, in October 2021, The Bureau of Labor Statistics, a US-based government agency, stated that people aged 15 and older spent 32 minutes more per day in leisure and sports activities during the COVID-19 pandemic in 2020 than they did in 2019—5.5 hours against 5.0 hours. Further, according to Outdoor Foundation, in 2021, the number of people participating in outdoor recreation grew by 2.2% to 164.2 million. Therefore, the surge in increasing sports and recreational activities is driving the growth of the running shoe market.
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The running shoes market segments in the report are:
1) By Product type: Stability Shoes, Motion Control Shoes, Cushion Shoes
2) By Type: Road, Treadmill, Trail, Mud, Snow
3) By Closure: Lace-Up, Single-Pull Lace, Bungee Lace, Other Closures
4) By Distribution Channel: Online, Offline
5) By End User: Men, Women, Kids
Top Major Players
Salomon,
Nike Inc.,
Adidas AG,
VF Corporation,
Puma SE
The table of contents in TBRC’s running shoes market report includes:
- Executive Summary
- Running Shoes Market Characteristics
- Running Shoes Market Trends And Strategies
- Running Shoes Market – Macro Economic Scenario
- Global Running Shoes Market Drivers and Restraints
- Running Shoes Market Segmentation
- Running Shoes Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Running Shoes Market
- Running Shoes Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Running Shoes Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Running Shoes Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Running Shoes Market, Segmentation By Closure, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 76: Salomon Financial Performance
Table 77: Nike Inc. Financial Performance
Table 78: Adidas AG Financial Performance
Table 79: VF Corporation Financial Performance
Table 80: Puma SE Financial Performance
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