Running Shoes Market Size, Share, Analysis, Trends, Growth Report 2032

Running Shoes Industry Prospective:

The global running shoes market size was worth around USD 16.07 billion in 2023 and is predicted to grow to around USD 23.65 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.39% between 2024 and 2032.          

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Running Shoes Market: Overview

Running Shoes are made for runners who can withstand the stress of striking the ground with their foot 2.5 times their body weight each time. A person requires proper balance when running to have an exceptional range of motion, soft cushioning around their foot to protect it from damage, and comfort and lightness. Because they are the most appropriate footwear for this use and include qualities like breathability, flexibility, motion control, and low weight, Running Shoes are seen to be the ideal option for roadside runners.

The running shoe market is driven by several factors including growing participation in running events, rising fitness trends, growing product launches, technological advancements, rising e-commerce industry and others.

Key Insights

• As per the analysis shared by our research analyst, the global Running Shoes market is estimated to grow annually at a CAGR of around 4.39% over the forecast period (2024-2032).
• In terms of revenue, the global Running Shoes market size was valued at around USD 16.07 billion in 2023 and is projected to reach USD 23.65 billion, by 2032.
• The increasing e-commerce industry is expected to drive market growth during the forecast period.
• Based on the product type, cushioning shoes are expected to hold a significant market share over the forecast period.
• Based on the end user, the men segment is expected to dominate the market during the forecast period.
• Based on the distribution channel, the online segment is expected to grow at the highest CAGR during the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market over the projected period.

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Running Shoes Market: Growth Drivers

Rising interest in sports and fitness activities drives market growth

As more people engage in sports and fitness regimens, the number of shoes made especially for these activities is growing. Comfort, support, and characteristics that enhance performance are what athletes and active people look for in shoes to maximize their potential and reduce their chance of injury.

The ongoing demand for running shoes is fueled by two factors: a global increase in sports popularity and knowledge of the advantages of regular exercise. The market is growing because of this tendency, which pushes manufacturers to create cutting-edge designs, technologies, and materials to satisfy the changing demands of athletes and fitness enthusiasts.

Running Shoes Market: Restraints

Environmental concerns impeding market growth

Customers are more likely to think about the environmental effects of their purchases, including the manufacture and disposal of running shoes, as a result of increased knowledge of environmental sustainability. Manufacturers may have to incur more expenses and encounter operational difficulties as a result of the demand to implement eco-friendly procedures, cut carbon emissions, and limit waste throughout the product's lifetime.

According to the data published by Unsustainable Magazine, Large volumes of carbon dioxide are released throughout the manufacturing process. 1.4% of global GHG emissions are attributable to it. Thirty pounds of CO2 emissions from a pair of sneakers is equivalent to a week's worth of use for a 100-watt light bulb. Furthermore, the synthetic materials used to make shoes take years for them to biodegrade.

Running Shoes Market: Opportunities

Rising product launch offers a lucrative opportunity for market growth

The increasing product launches are expected to offer a lucrative opportunity for the running shoes market over the forecast period. For instance, in June 2023, the most comfortable stability running shoe, the GEL-KAYANOTM 30 from ASICS, was introduced with innovative innovations to give runners unmatched comfort and adaptable stability with each stride. ASICS is dedicated to designing goods that are optimally comfortable for the body and mind.

Biomechanical science, sustainability, extensive user testing, and decades of continual improvement have all contributed to the creation of new and inventive goods and technology, such as the 4D Guidance SystemTM-equipped GEL-KAYANOTM 30 sneaker. The GEL-KAYANOTM 30 offers runners the softest landings to date with its revolutionary PureGELTM technology, which was first seen in the GEL-NIMBUSTM 25 shoes. The midsole's PureGELTM technology is thoughtfully included to provide improved shock absorption and seamless transitions.

Running Shoes Market: Challenges

Counterfeit product poses a major challenge to market expansion

The running shoe industry faces a serious threat from counterfeit goods, which damage customer confidence, sales income, and brand reputation. Manufacturers spend money on anti-counterfeiting methods, but since counterfeiters are always changing their strategies, it is challenging to remove counterfeit goods from the market. Thus, counterfeit product is expected to pose a major challenge for the market growth.

Running Shoes Market: Segmentation

The global Running Shoes industry is segmented based on Running Surface, Product Type, Closure, Price, End User, Distribution Channel and region.

Based on the running surface, the global Running Shoes market is bifurcated into Track, Road, Trail and Others.

Based on the product type, the global running shoes industry is segmented into Motion Control Shoes, Stability Shoes and Cushioning Shoes. The cushioning shoes are expected to hold a significant market share over the forecast period owing to their benefits. Cushion shoes' main advantage is their capacity to absorb and distribute impact forces, which lessens the strain on joints and muscles. These shoes are frequently preferred by runners who value a luxurious, cushioned sensation, particularly on longer runs.

Based on the closure, the global Running Shoes market is bifurcated into Single-pull Lace, Lace-up, Bungee Lace and Others.

Based on the price, the global Running Shoes industry is divided into Low, Medium and High.

Based on the end user, the global Running Shoes industry is divided into Women, Men and Kids. The men segment is expected to dominate the market during the forecast period. The segment expansion is attributed to the growing athleticism and sports participation.

Based on the distribution channel, the market is divided into offline and online. The online segment is expected to grow at the highest CAGR during the forecast period. A wide range of running shoe alternatives, such as the newest models, limited-edition releases, and niche companies that might not be easily found in physical stores, are accessible through e-commerce platforms. Customers can now choose from a wider variety of designs, features, and innovations due to the enlarged product range, which gives them the ability to locate running shoes that suit their individual needs and tastes. Thereby, driving the segment growth.

Running Shoes Market: Report Scope

Regional Analysis

The Asia Pacific is expected to dominate the market over the projected period

The Asia Pacific is expected to dominate the market over the projected period. The demand for sports footwear is predicted to be driven mostly by rising levels of disposable income and expanding e-commerce penetration in Asia Pacific. The expansion of the regional market is being bolstered by a growing interest in taking part in sporting events such as the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup.

Additionally, the vast population base and cheaper average selling price of sports footwear in the area in comparison to industrialized nations like the U.S. and the U.K. On the other hand, the North American region is expected to hold a significant market share over the projected period. This is explained by the public's strong interest in sports, fitness, and adventure pursuits including trail running, aerobics, hiking, and training.

Running Shoes Market: Competitive Analysis

The global Running Shoes market is dominated by players like:

• New Balance Athletics Inc.
• Nike Inc.
• Adidas AG
• Puma SE
• ASICS Corporation
• Brooks Sports Inc.
• Under Armour Inc.
• HOKA ONE ONE
• Newton Running Company
• Skechers USA. Inc.
• Mizuno Corporation
• Saucony Inc.
• Salomon S.A.
• Reebok International Ltd.
• Altra Running

The Global Running Shoes market is segmented as follows:

By Running Surface

• Track
• Road
• Trail
• Others

By Product Type

• Motion Control Shoes
• Stability Shoes
• Cushioning Shoes

By Closure

• Single-pull Lace
• Lace-up
• Bungee Lace
• Others

By Price

• Low
• Medium
• High

By End User

• Women
• Men
• Kids

By Distribution Channel

• Offline
• Online

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa