The global running gear market is anticipated to grow at a CAGR of 6.5% during the forecast period. The demand for the running gear is increasing owing to several benefits provided by running gear products. The benefits include improvement in building strong bones, enhancement in muscle strengths, improvement in cardiovascular fitness, burning plenty of calories, efficient weight loss, and many others. Thus, the benefits associated with running gear products are contributing to the growth of the global running gear market during the forecast period. Furthermore, the market players are contributing to the market growth by the adoption of various strategies such as the expansion of product lines, new product launches, mergers and acquisitions, collaborations, and others which is further driving the growth of the market during the forecast period.
Recent Strategic Initiatives
- In June 2022, Nike and Tom Sachs officially announced the NikeCraft General Purpose Shoe (GPS). While the Tom Sachs Mars Yard shoe was designed with space exploration in mind, the GPS is more for everyday life. It’s built with a breathable knit, a microfiber collar, straps, and a three-piece molded cup sole. The materials were chosen to “provide comfort, support, and a high degree of tactile sensation in a well-priced product.”
- In June 2022, Garmin launched the GPS running smartwatch with solar charging – the Forerunner 955 Solar and the GPS running smartwatch Forerunner 255 series in India. The new additions to Garmin’s Forerunner range are triathlon-ready smartwatches equipped with training features designed for professional and mid-level runners and athletes.
- In August 2021, Fitbit officially launched its latest fitness tracker, the Fitbit Luxe, in India. The fitness tracker is significantly more expensive than the range of most fitness trackers on sale in India as it comes in as a premium offering for those that want the accuracy of Fitbit fitness tracking features along with a significantly unique design statement.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Product
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Nike Inc., Adidas AG, and Under Armour, Inc., among others.
Running Gear Market Report by Segment
By Product Type
- Running Footwear
- Running Apparel
- Running Accessories
- Fitness Trackers
- Others
By Distribution Channel
- Sports Specialty Stores
- Supermarkets and Hypermarkets
- Online Stores
- Others
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Running Gear Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ACICS
- Adidas Inc.
- Amer Sports Oyj
- Apple Inc.
- Fitbit
- Garmin International
- Lumo Bodytech
- New Balance Athletics, Inc.
- Nike, Inc.
- Newton Running Co., Inc.
- Puma SE
- Samsung Electronics Co., Ltd.
- Seiko Epson Corp.
- Sensoria Inc.
- Skechers USA, Inc.
- Suunto
- Stryd
- Xiaomi Inc.
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