Market Size of Running Apparel Industry
|2019 - 2029
|Base Year For Estimation
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
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Running Apparel Market Analysis
The Running Apparel Market size is expected to grow from USD 13.07 billion in 2023 to USD 16.30 billion by 2028, at a CAGR of 4.51% during the forecast period (2023-2028).
- In line with the sports trend, consumers are increasingly seeking designer running apparel, including athletic shoes that include elements of sports design. Additionally, the continued shift toward more active lifestyles drives the demand for running and cycling footwear across the world. Additionally, with the increased workload and societal adoption of Western culture, marathon participation has grown in popularity since it aids in strength building, which supports the worldwide market's expansion. In addition, growing technology usage and the popularity of smart wearables are some of the key drivers boosting the development of the running apparel market.
- As per the data published by NHS Digital, in the year 2021, in England, the percentage of the obese population was 26% for women and 25% for males. Such conditions have been prevalent across the globe over the past few years. Hence, due to the rising health problems and the hectic lifestyles of the working population worldwide, people are compelled to incorporate jogging and running into their daily routines to keep in shape and be healthy. Due to the rise in athletic involvement, customers are increasingly looking for designer athletic footwear with a sports-inspired style.
- Additionally, the worldwide demand for running apparel is driven by the ongoing move toward more active lives. The need for running apparel in recent years has also been significantly fueled by a rise in government efforts in many nations to boost sports participation.
- For instance, During 2018-2022, the Sports Authority of India (SAI) promoted sports participation by launching strategic schemes like Fit India Movement, Khelo India Scheme, Sports Talent Search Portal, Target Olympic Podium Scheme, and National Sports Awards Scheme, among others. Such factors will drive the growth of the market during the forecast period.