The global running gear market to grow at a CAGR of 7.35% during the period 2016-2020.
Global Running Gear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The growing awareness of the benefits of being healthy and maintaining physical fitness among the global population is aiding in increasing the popularity of running, as it is considered as one of the best forms of exercise to enhance fitness. Marathons are increasingly becoming popular as well, with participation not restricted to only professional athletes.
The increasing demand for advanced and comfortable running apparel and footwear is driving vendors to launch new product lines that are made of high-quality fabrics. The use of advanced technologies to manufacture running apparel and footwear enhances the growth potential of the market. However, the increasing availability of low-quality and counterfeit products is a key concern for well-established players operating in the market, as it affects their profitability and brand image.
The report covers the present scenario and the growth prospects of the global running gear market for 2016-2020. To calculate the market size, the report has taken into consideration the sales revenue generated by different types of running gear.