Running Gear Market to see Rapid Growth by 2028

The global running gear market is anticipated to grow at a CAGR of 6.5% during the forecast period (2022-2028). 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. 

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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. 

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028

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.

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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

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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