Rising safety concerns among people such as pain in feet and ankles and increasing sports activities worldwide are the leading factors driving the global shock absorption running shoes market during the forecast period.
According to TechSci Research report, “Shock Absorption Running Shoes Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”
The global shock absorption running shoes market is anticipated to have a significant CAGR growth during the forecast period, due to factors such as increasing trail running events, and rising awareness about the health benefits associated with these products such as reduced risk of injury, reduced impact on the joint, feet, and ankle, etc. As a result, consumers are demanding shock absorption shoes which is aiding the market growth of shock absorption running shoes on the global level.
Shock Absorption Running Shoes are segmented into men shock absorption running shoes and women absorption running shoes. Men shock absorbers running shoes are a specific kind of running shoes made to absorb shock as much as possible. Due to the additional cushioning, they are typically heavier than other running shoe kinds. Several men’s shock-absorbing running shoes are made keeping off-road or trail running in mind. Women’s shoes often have a narrower fitting, lower heel drops, and lighter weight shock absorption than men’s shoes. Women who have previously been injured or who want more support and safety while jogging frequently wear shock-absorbing shoes.
Additionally, the trail running events and sports competitions are becoming increasingly popular. It is more important than ever to be quick and light on feet for sports competitions. Because of this, shock-absorbing running shoes are made to be lightweight and shock-proof. The materials used in shock-absorbing running shoes are mesh fabric, shock-absorbing materials, EVA, rubber, and foam are primarily used to make these shoes more comfortable and convenient for its customers. Therefore, many manufacturers prefer to select raw materials with distinct functionalities to attract and provide support to the target audience.
Moreover, people around the world are becoming more aware regarding the need of wearing the proper footwear for sports and daily exercise to avoid back discomfort, knee pain, hip pain, and leg pain as well as muscle injuries. As a result, in the upcoming years, it is anticipated that the need for shock-absorbing running shoes would significantly increase. Running shoes with shock absorption are becoming more popular because of increasing tourism sector. Additionally, there are consumers who are concerned regarding their fitness, gym users, and individuals who prefer light exercise routines and use shock absorption shoes to reduce impact on knees, hips, joints and back. These factors are anticipated to lead the market during the projection period.
The increasing number of women participation in sports and outdoor activities is expected to lead the shock absorption running shoes market in the forecast period. According to IOC (International Olympic Committee), about 49% of the competitors competing at the Olympic Games Tokyo 2020 were female. Additionally, in 2020, more than 7.1 million Americans participated in outdoor recreation activities. This way, outdoor enthusiasts make up a large portion of the target consumers.
However, the expansion of the shoe business is being constrained by growing environmental concerns. Market growth is constrained by the proactive actions made by the government and environmental organizations to combat water pollution. One of the major contributors towards the pollution in rivers and the environment is the shoe industry. The footwear industry is responsible for approximately 1.4% of global GHG (Greenhouse Gas) emissions. For instance, Puma and other sportswear companies such as Nike and Adidas were referred to as “Dirty Laundry” in a report by the environmental organization Greenpeace.
Major industry competitors including Nike Inc., Adidas AG, Skechers USA Inc., and ASICS Corporation Inc. are concentrating on creating innovative technology for shock absorbing running shoes and making them comfortable. Maximum flexibility and sufficient support along the ankle are made possible by the technology, ensuring unrestricted foot mobility.
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The shock absorption running shoes market is segmented based on product type, application, and distribution channel. Based on product type, the market is divided into men shock absorption running shoes and women shock absorption running shoes. Based on application, the market is divided into daily life running, tournament, and outdoor enthusiasts. Based on distribution channels, the market is fragmented into supermarkets/hypermarkets, multi-branded stores, specialty stores, online, and others (direct sales, distributors & dealers.).
North America region will continue to dominate the global industry. This can be attributed to the rise in marathons and other sporting events in the region, which will fuel the demand for shock absorbing running shoes. Moreover, substantial population and growing demand for fitness activities among working professionals is the core reason why the Asia Pacific area will see the highest CAGR during the ensuing years.
Key market players in the shock absorption running shoes market include:
- Nike Inc.
- ASICS Corporation
- New Balance Athletics Inc
- Brooks Sports, Inc.
- Adidas AG
- Deckers Outdoor Corporation
- Wolverine World Wide Inc,
- The North Face
- ANTA Sports Products Limited
- Topo Athletic, LLC
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“Technological advancement in the design and construction of shock absorption running shoes and increasing sport infrastructure. Furthermore, growing awareness regarding the wide range of health benefits associated with these shoes such as alleviating pain in the ankle, absorption of heat, etc., and increasing participant in outdoor activities are some of the factors expected to boost the industry growth in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Shock Absorption Running Shoes Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Men Shock Absorption Running Shoes and Women Shock Absorption Running Shoes). By Application (Daily Life Running, Tournament and Outdoor Enthusiasts). By Distribution Channels (Hypermarkets/Supermarkets, Multi-Branded Stores, Exclusive Stores, Specialty Stores, Online, and Others (Direct Sales, Distributors & Dealers), By Region, Competition”, has evaluated the future growth potential of leather goods and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in shock absorption running shoes market globally.
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