Global Running Apparel Market By Type (Upper Garments, Hats/Gloves, Lower Garments), By End-User (Amateur, Professional Athlete) and By Regions - Global Forecast to 2030

Global Running Apparel Market Overview:

The Global Running Apparel Market was valued at UЅD $355.4 Мn in 2020 and is projected to achieve a valuation of UЅD $875.3 Мn by 2030, at a САGR of 5.9%.

The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, information, key developments, and strategies by major players that offer vital insights and perspectives into various scenarios market.

Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market.

The global running apparel market has been segmented on the basis of product type, end-user, as well as regions, and countries.

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Running apparel as the name suggests, is any gear worn by men, women, and/or children when running, be it recreationally or for sport. This includes tights, pants, shirts, vests, shirts, and jackets. The weather outdoors determines the combination of items such as these that runners use to stay comfortable on the road or on trail runs.

Global Running Apparel Market Dynamics:

The steady growth in participation levels of various sports and recreational activities, including running, as well as the increase in the number of sporting events, are being held across the world on an annual basis are some of the primary factors that are anticipated to continue to fuel the revenue growth of the global running apparel market over the next 10 years.

Moreover, the gradual increase in the demand for higher quality, fashionable, light in weight, and comfortable apparel by runners across all demographics is also a factor that led market players to strive to offer the most-effective products that are manufactured using the latest in innovative advancements, subsequently boosting market growth opportunities in progress.

Furthermore, the increase in the number of initiatives being carried out by the various government and private organizations aimed at increasing awareness of the benefits of leading a healthy lifestyle, which involves regular exercise. This is another factor slated to positively impact the revenue growth of the global running apparel market in the years to come.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies.

The global running apparel market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Additionally, the gradual increase in the number of counterfeit sporting products, that are cheaper as they tend to be lower in terms of quality, being manufactured and distributed across the world is also a factor that is expected to disrupt the revenue growth of this global industry in the near future.

Nonetheless, the increasing efforts of key industry players to invest more towards the development of advanced products and manufacturing techniques, as well as the increase in the number of individuals leading healthier lifestyles are some of the other major factors that are anticipated to have a profound influence on the revenue growth of the global running apparel market in the foreseeable future.

Segmentation of the Global Running Apparel Market is as follows:

In terms of product type, the upper garments segment accounted for the maximum number of revenue shares of the global running apparel market in 2020, and this segment is expected to continue doing so over the forecast period. The lower garments segment is also anticipated to index a high CAGR over the next 10 years.

On the basis of end-user, the amateur segment accounted for the maximum number of revenue shares of the global running apparel market in 2020, and this segment is slated to continue to do so over the next 10 years. The professional athlete segment is also expected to register a high CAGR over the forecast period.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global running apparel market in 2020 and is indicative of retaining its respective market position over the next decade. The European markets are also anticipated to index a high CAGR over the forecast period.

Segmentation of the Global Running Apparel Market:

Segmentation by Product Type:

• Upper Garments
• Hats/Gloves
• Lower Garments
• Other Product Types

Segmentation by End-User:

• Amateur
• Professional Athlete

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA