Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 421 Million | USD 641 Million | 6.3% | 2023 |
The global running apparel market size was evaluated at $421 million in 2023 and is slated to hit $641 million by the end of 2032 with a CAGR of nearly 6.3% between 2024 and 2032.
Running apparel is clothing designed for running sports and crafted with good performance in mind, with priority factors such as breathability, moisture-wicking, flexibility, and lightweight features. Some kinds of running apparel include running tops and shirts, pants and tights, shorts, jackets and vests, bras, and socks.
Changing fashion trends & health awareness to boost the global market trends
Escalating health & fitness awareness has led to humungous demand for running apparel, thereby promulgating the scope of the global running apparel market growth. Innovations in fabric technology and the use of breathable clothes, smart fabrics, and moisture-wicking materials will spur global market trends. Flourishing e-commerce activities and athleisure trends are expected to contribute majorly towards the growth of the market globally.
Furthermore, an increase in the popularity of marathons and charity runs, along with the organizing of running tournaments, will spearhead the market space in the years to come. A surge in female participation in athletics and the successful implementation of go-to-market strategies for improving the value proposition of the product will spur global market expansion. An increment in experiential marketing is likely to sketch a profitable growth graph for the global market.
Political upheavals and economic disruptions can retard the growth of the global industry
Economic instabilities and high competition between new entrants & established players are likely to hamper the global running apparel industry expansion. Moreover, supply chain oscillations caused by political instabilities and natural disasters can disrupt the global industry surge. An increase in raw component costs and shifting customer preferences can hinder the industry expansion globally over the analysis timeline.
Rise in production of personalized clothing due to changing lifestyles to spur the global market
Surging health & fitness awareness and the launch of new fabric technology will open new avenues of growth for the global running apparel market. Demand for customized fabrics by athletes will shape the market growth globally. Focus on fulfilling varied requirements of sportspersons, such as varied sized clothes, is likely to embellish the global market surge in the years to come. Changing fashion trends will drive the global market demand.
Launching duplicate products can challenge the global industry demand over the forecast period
Easy availability of counterfeit products and the pressure of manufacturing sustainable fabrics can deter the growth of the global running apparel industry. Increasing raw component prices of textiles and synthetic materials can pose a huge challenge for fabric manufacturers to produce cost-effective products, thereby posing a huge challenge to global industry expansion.
Report Attributes | Report Details |
---|---|
Report Name | Running Apparel Market |
Market Size in 2023 | USD 421 Million |
Market Forecast in 2032 | USD 641 Million |
Growth Rate | CAGR of 6.3% |
Number of Pages | 224 |
Key Companies Covered | Saucony, Adidas, Brooks, Nike, ASICS, Under Armour, Janji, Tracksmith, New Balance, Soar, Satisfy, Ciele Athletics, Helly Hansen, Lululemon, Icebreaker, Puma, Hoka One One, Odlo, and others. |
Segments Covered | By Product Type, By End-User, By Distribution Channel, By Price Range, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global running apparel market is divided into product type, end-user, distribution channel, price range, and region.
In terms of product type, the running apparel market across the globe is segmented into tops, accessories, bottoms, and footwear segments. The top segment is likely to be the leading segment during the forecast timeline. The rapid growth of this segment can be owing to various drivers, such as the versatility of running fabrics, the use of running apparel as casual wear, and the availability of the product in various types.
On the basis of end-user, the global running apparel industry is bifurcated into men, kids, and women segments. Furthermore, the women segment is likely to dominate the growth of the global industry in the coming eight years. The key factors driving the growth of the segment can be a result of surging women’s participation in sports activities along with the focus of women on comfort and improving performance. Reportedly, a large number of brands are devising new styles and fashion designs for apparel for the women populace, thereby driving the industry surge.
Based on the distribution channel, the global running apparel market is sectored into offline and online segments. The online segment is likely to lead the growth of the distribution channel segment over the analysis timeline, subject to its convenience, offering discounts to customers, and competitive pricing. Focus on customer retention, loyalty coupons, and online product purchases will steer the segmental surge.
On the basis of price range, the global running apparel industry is bifurcated into mid-range, premium, and mass-market segments. Moreover, the mid-range segment is likely to record the fastest growth rate over 2024-2032 owing to easy accessibility of the product in the mid-range, strong value proposition, and easy access to the product in the mid-price range.
North America is projected to maintain a leading position in the global market over the expected timeline
North America, which contributed approximately 57% of the global running apparel market earnings in 2023, is expected to maintain a dominant position in the coming few years. Apparently, a noteworthy growth of the market in North America over the forecast timeline can be due to growing fitness trends among youth along with the participation of women in running events. Apart from this, an increase in the fund allocation in e-commerce activities is projected to foster the growth of the market in the region.
Asia-Pacific running apparel industry is set to record the highest CAGR in the forecast period. The industry expansion in the region can be attributed to surging health awareness among the people, increasing per capita income, and preference towards fitness activities among the youth and millennial population in China, India, South Korea, and Japan. Presence of key product manufacturers in countries such as Bangladesh and India will steer the regional industry growth.
The global running apparel market profiles key players such as:
The global running apparel market is segmented as follows:
By Product Type
By End-User
By Distribution Channel
By Price Range
By Region
FrequentlyAsked Questions
Running apparel is clothing designed for running sports and crafted with good performance with priority factors such as breathability, moisture-wicking, flexibility, and lightweight features.
The global running apparel market's growth over the forecast period can be attributed to Escalating health and fitness awareness, which has led to a humungous demand for running apparel.
According to a study, the global running apparel industry size was $421 million in 2023 and is projected to reach $641 million by the end of 2032.
The global running apparel market is anticipated to record a CAGR of nearly 6.3% from 2024 to 2032.
The Asia-Pacific running apparel industry is set to register the fastest CAGR over the forecasting timeframe owing to surging health awareness, increasing per capita income, and preference towards fitness activities among the youth and millennial population in China, India, South Korea, and Japan. The presence of key product manufacturers in countries such as Bangladesh and India will steer the regional industry growth.
The global running apparel market is led by players such as Saucony, Adidas, Brooks, Nike, ASICS, Under Armour, Janji, Tracksmith, New Balance, Soar, Satisfy, Ciele Athletics, Helly Hansen, Lululemon, Icebreaker, Puma, Hoka One One, and Odlo.
The global running apparel market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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