Subject: MRR
Running Apparel and Footwear Market Share in the US: Information by- Product (smart security systems, smart EMS, HVAC control systems, smart lighting systems, and audio-video conferencing systems) and Geography (APAC, North America, Europe, South America, and MEA)--Forecast till 2025|Technavio
NEW YORK, Jan. 28, 2022 /PRNewswire/ -- The Running Apparel and Footwear market share in the US is segmented into two categories based on the end-user (men, women, and children) and distribution channel (offline and online). The market share is expected to increase by USD 1.90 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of over 4%.
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Parent Market Analysis
Technavio categorizes the global running apparel and footwear market share in the US as a part of the global apparel, accessories and luxury goods market within the global consumer discretionary market.
Technavio uses the total revenue generated by manufacturers to estimate the global running apparel and footwear market size in the US. External factors influencing the parent market's growth potential in the coming years have been thoroughly investigated in our research analysis, to know more about the levels of growth of the running apparel and footwear market share in the US throughout the forecast period, Download a free sample,
Running Apparel and Footwear market share in the US Value Chain Analysis
To maximize profit margins and evaluate business plans, an end-to-end understanding of running apparel and footwear market share in the US is required. The report will help vendors drive costs and enhance customer services during the forecast period.
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
To unlock information about vendor drive costs and customer service, download our free sample report.
Vendor Insights
The running apparel and footwear market share in the US is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment's growth prospect while maintaining their positions in the slow-growing segments.
We provide a detailed analysis of vendors operating in the running apparel and footwear market share in the US, including some of the vendors such as adidas AG, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp.
Backed with competitive intelligence and benchmarking, our research reports on the running apparel and footwear market in the US are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Product Insights and News
- ASICS Corp. - Offers running apparel and footwear such as GEL-FujiTrabuco 8 sneakers and Gel-Nandi 360 sneakers, and others.
- Brooks Sports Inc. - Offers running shoes for men and women that are suitable for road, trail, racing flat and spikes, and others.
- New Balance Athletics Inc. - Offers running apparel and footwear products such as Made in US 990v5, Fresh Foam 880v11, Fresh Foam Roav, Men's Made in US 993 and others.
The running apparel and footwear market share in US forecast report offers in-depth insights into key vendor profiles and offerings ? Download Free Sample Report
Key Market Dynamics-
- Running Apparel and Footwear in US Key Market Drivers:
- High-profit margin
Manufacturers concentrate on adding new elements to their footwear to make it suited for activities like jogging, tennis, basketball, and soccer. The premium-priced running footwear sector brings in a IoT of money for manufacturers. This is because, even though running footwear has a lower manufacturing cost, it is sold at a premium price. Running footwear sales provide producers and marketers with significant operating margins as a percentage of total revenue. Several corporations have stated that the operating margin in 2019 will be the best in history. These companies' better-operating margins had a beneficial impact on sales growth. Sales of running apparel and footwear are boosted by good financial performance.
- Running Apparel and Footwear in US Key Market Trends:
- Growing adoption of shoe knitting technology
Running apparel and footwear manufacturers include enhanced features into their products to help them stand out from the competition. Shoe knitting technology, which is also used to make sports shoes, is one of the fastest-growing trends in this business. Running footwear with shoe-knitting technology improves durability, flexibility, and convenience while also improving comfort. Shoe knitting technology aids in lean management and reduces labor requirements. It is a self-contained procedure that conserves time, capital, and energy. The implementation of the shoe-knitting process has the potential to boost the US market for running clothing and footwear.
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Running Apparel and Footwear Market Scope in the US | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 4% |
Market growth 2021-2025 | $ 1.90 billion |
Market structure | Fragmented |
YoY growth (%) | 3.83 |
Regional analysis | US |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled | adidas AG, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., and VF Corp. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, 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. |
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
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SOURCE Technavio
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