Running Shoes Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192439
  • Format: Electronic (PDF)
  • Number of Pages: 200
  • Author(s): Joshi, Madhavi

Report Overview

The Running Shoes Market size was estimated at USD 28 billion in 2023 and is projected to reach USD 48 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024-2030).

Running Shoes Market

(Market Size)
$28 billion
$48 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.80%
2023 Market Size USD 28 billion
2030 Market Size USD 48 billion
Key Players Nike, Adidas, New Balance, ASICS, Brooks

Market Summary

The running shoes market represents a significant and dynamic segment within the global consumer goods industry, characterized by intense competition and continuous innovation. This market caters to a diverse consumer base ranging from professional athletes to casual fitness enthusiasts, all seeking footwear that offers performance, comfort, and injury prevention. The core of this industry revolves around extensive research and development efforts focused on biomechanics, material science, and design aesthetics to create products that enhance the running experience. Key purchasing factors include cushioning technologies, stability features, weight, durability, and overall fit. The market is also highly influenced by broader lifestyle trends, including a growing global emphasis on health and wellness, which drives participation in running and other athletic activities. The distribution landscape is multifaceted, encompassing specialty running stores, major sporting goods retailers, brand-owned flagship outlets, and a rapidly growing e-commerce channel. The latter has become increasingly vital for brand discovery, customer education, and direct-to-consumer sales strategies. Sustainability has also emerged as a critical consideration, with leading brands investing in recycled materials and more environmentally conscious manufacturing processes to appeal to the ethically minded modern consumer.

Key Highlights

The running shoes market is distinguished by several pivotal factors that underscore its evolution and current state. A primary highlight is the relentless pace of technological advancement, where major players like Nike, Adidas, ASICS, and New Balance consistently debut proprietary cushioning systems such as Nike Air, Adidas Boost, and ASICS Gel, which are engineered to optimize energy return and impact absorption. Another critical highlight is the strategic segmentation of product lines to target specific runner profiles, including models designed for neutral pronation, overpronation, and supination, as well as shoes tailored for different terrains like road, trail, and track. The influence of the athleisure trend cannot be overstated, as running shoes have transcended their athletic purpose to become a staple in everyday casual wear, significantly expanding the addressable market. Collaborations with high-profile athletes, influencers, and even fashion designers are a standard marketing practice to build brand credibility and desirability. Furthermore, the adoption of data analytics and wearable technology integration is becoming more prevalent, allowing brands to offer personalized product recommendations and develop smarter footwear based on real-world biomechanical data, creating a more customized consumer experience.

Drivers, Opportunities & Restraints

The growth trajectory of the running shoes market is propelled by a confluence of powerful drivers. A fundamental driver is the increasing global health consciousness, prompting more individuals to adopt running as a primary form of exercise for its accessibility and cardiovascular benefits. Government initiatives promoting active lifestyles and the proliferation of running events and marathons further stimulate participation and, consequently, demand for specialized footwear. Significant opportunities lie in the expansion into emerging economies where rising disposable incomes, growing middle-class populations, and increasing brand awareness present vast untapped potential. The digital transformation of retail offers another substantial opportunity for brands to engage directly with consumers through immersive online experiences, virtual fitting tools, and personalized shopping. However, the market faces notable restraints. The high level of market saturation in developed regions leads to fierce competition, often resulting in price wars and squeezed profit margins. Counterfeiting remains a persistent issue, eroding brand value and revenue. Furthermore, volatility in raw material prices and complexities within the global supply chain can disrupt production schedules and impact cost structures, presenting ongoing operational challenges for manufacturers.

Concentration Insights

The global running shoes market exhibits a high degree of concentration, with a select group of multinational corporations holding dominant shares. This oligopolistic structure is led by industry behemoths including Nike, Adidas, ASICS, New Balance, and Puma. These companies maintain their leadership through immense investments in marketing, extensive global distribution networks, and continuous technological innovation, creating high barriers to entry for new players. Their strategies often involve securing endorsements from elite athletes and sponsoring major sporting events to reinforce brand image and connect with target audiences. Despite this concentration, the market also features a robust segment of specialized and niche players such as Brooks, Saucony, and HOKA ONE ONE. These brands compete not on scale but on deep technical expertise, often focusing exclusively on the serious running community and earning strong loyalty through superior product performance and specialized fitting services. The market's competitive landscape is therefore a mix of global giants competing on brand power and marketing spectacle versus agile specialists competing on technical merit and community engagement.

Type Insights

The running shoes market is meticulously segmented by type to address the specific biomechanical needs and preferences of different runners. The primary categorization includes stability shoes, motion control shoes, neutral cushioning shoes, and minimalist or barefoot shoes. Stability shoes are engineered for runners who exhibit mild to moderate overpronation, featuring firmer midsole materials on the medial side to guide the foot into a more neutral position and prevent excessive inward rolling. Motion control shoes represent a more robust solution for severe overpronators, offering maximum support and rigidity to control foot motion. Neutral cushioning shoes are designed for runners with efficient, neutral gaits, prioritizing plush cushioning and flexibility without adding corrective stability features. Conversely, the minimalist category offers a low-to-the-ground experience with minimal cushioning and a low heel-to-toe drop, promoting a more natural foot strike. Understanding these distinctions is crucial for retailers and consumers alike to ensure the correct shoe is matched to an individual's gait, running style, and injury history, ultimately affecting performance and comfort.

Application Insights

Application insights reveal the diverse contexts in which running shoes are utilized, broadly segmented into men's, women's, and children's categories. The men's segment has traditionally represented the largest share of the market, driven by high participation rates and a tendency to frequently replace footwear. The women's segment is, however, demonstrating exceptionally robust growth, outpacing the men's segment in many regions. This growth is fueled by increasing female participation in athletics and a dedicated effort from brands to develop shoes specifically designed for the anatomical and biomechanical differences of the female foot, which is often narrower in the heel and wider in the forefoot. The children's segment, while smaller, is vital for building early brand loyalty and is influenced by parents seeking durable, supportive footwear for young athletes. Beyond gender and age, application is also defined by use-case: daily training, racing, trail running, and long-distance running. Each application demands specific features; for instance, racing flats are ultra-lightweight for speed, while trail shoes offer aggressive outsoles and protective plates for off-road stability.

Regional Insights

Regionally, the running shoes market demonstrates distinct patterns of demand and growth. North America and Europe are established, mature markets characterized by high consumer awareness, strong purchasing power, and a deeply ingrained running culture. These regions are the primary hubs for innovation, where new technologies are first launched and adopted. The Asia-Pacific region is unequivocally the fastest-growing market, propelled by economic development, urbanization, and a rapidly expanding health and wellness trend. Countries like China, India, and Japan are critical to global strategy, with international brands investing heavily in marketing and retail expansion to capture this growth. Latin America and the Middle East and Africa represent emerging markets with significant long-term potential. Growth in these regions is increasingly fueled by rising disposable incomes, growing youth populations, and greater exposure to international sporting events and athletic icons. However, market dynamics vary greatly within these regions, requiring tailored strategies that consider local preferences, economic conditions, and distribution challenges.

Company Insights

The competitive landscape is defined by the strategies and portfolios of key industry players. Nike Inc. maintains its forefront position through its powerful brand storytelling, relentless innovation in Air and React foam technologies, and a dominant marketing presence anchored by superstar athlete endorsements. Adidas AG competes fiercely with its Boost and Lightstrike cushioning technologies and has successfully leveraged its heritage in sport with trends in fashion and streetwear through collaborations. ASICS Corporation is renowned for its technical expertise, particularly its GEL cushioning system, and has built a formidable reputation among serious, performance-oriented runners for its focus on biomechanics and injury prevention. New Balance differentiates itself through its emphasis on quality manufacturing, a wide range of width sizes, and a message of authenticity. Puma SE has made significant inroads by blending performance features with sleek, lifestyle-oriented designs. Beyond these giants, companies like Brooks Running and Saucony have cultivated loyal followings by concentrating exclusively on the running specialty channel and delivering high-performance products for dedicated enthusiasts.

Recent Developments

The running shoes market is in a constant state of flux, with recent developments highlighting key industry shifts. A paramount trend is the accelerated push towards sustainability, with leading brands launching ambitious initiatives to incorporate recycled materials, such as polyester from plastic bottles, into their prime knit uppers and foam midsoles. The circular economy model, featuring shoe recycling programs, is also gaining traction. Another significant development is the refinement of 3D printing technology, which is moving from prototyping to limited production runs, allowing for unprecedented levels of customization in midsole geometry and density. Direct-to-consumer sales channels have been further solidified as a critical growth vector, enhanced by advanced e-commerce platforms offering AI-driven sizing tools and virtual try-on experiences. Furthermore, the intersection of footwear and digital health continues to evolve, with brands exploring smart shoes embedded with sensors to provide real-time feedback on running metrics like gait cycle, ground contact time, and cadence, thereby offering a more integrated and data-driven running experience.

Report Segmentation

This comprehensive market research report on the running shoes industry provides a detailed and structured analysis to furnish businesses with actionable intelligence. The report is meticulously segmented to allow for a granular understanding of the market dynamics. The segmentation is structured by type, categorizing the market into stability shoes, neutral shoes, motion control shoes, and others to analyze the demand and technological trends within each category. It is further segmented by application, breaking down the market into men, women, and children to identify growth patterns and demographic-specific preferences. The distribution channel segment analysis covers specialty stores, online retail, supermarkets/hypermarkets, and others, providing insights into shifting consumer purchasing behaviors. Geographically, the report provides an in-depth regional analysis covering North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, highlighting the unique drivers, opportunities, and competitive landscapes in each region. This multi-faceted segmentation empowers stakeholders to identify niche opportunities, understand competitive positioning, and make informed strategic decisions regarding product development, marketing, and geographic expansion.

FAQs

What are the different types of running shoes?

Running shoes are primarily categorized into several types based on their support and cushioning features. The main types include stability shoes, which are designed for runners who overpronate and need medial support; motion control shoes, which offer maximum support for severe overpronation; neutral cushioning shoes, designed for runners with an efficient, neutral gait who prioritize shock absorption; and minimalist or barefoot shoes, which have minimal cushioning and a low heel-to-toe drop to promote a natural running form.

How often should you replace your running shoes?

It is generally recommended that running shoes be replaced every 300 to 500 miles. The exact mileage can vary based on factors such as the runner's weight, running style, and the surfaces on which they run. Signs that indicate a need for replacement include a noticeable loss of midsole cushioning, visible wear patterns on the outsole, or a feeling of decreased support and comfort that can lead to discomfort or injury.

What is the best running shoe for beginners?

The best running shoe for a beginner is typically a well-cushioned, neutral shoe that offers a comfortable fit and good shock absorption. Beginners should prioritize comfort and injury prevention over specialized performance features. It is highly advised for new runners to visit a specialty running store for a gait analysis to determine their foot type and pronation pattern, ensuring they select a shoe that provides the appropriate level of support for their individual mechanics.

How to choose running shoes?

Choosing the right running shoe involves several key steps. First, determine your foot type and gait pattern, ideally through a professional gait analysis at a specialty store. Consider the type of running you will be doing most often, such as road, trail, or track. Focus on fit above all else; ensure there is a thumb's width of space between your longest toe and the end of the shoe. Finally, prioritize shoes that feel comfortable immediately, as running shoes typically require minimal break-in period compared to other footwear.

What are the top running shoe brands?

The top running shoe brands globally are recognized for their innovation, quality, and performance. These include Nike, renowned for its responsive cushioning technologies like Air and ZoomX; Adidas, famous for its energy-returning Boost foam; ASICS, a leader in gel-based cushioning and stability features; New Balance, which offers a wide range of sizes and widths; and Brooks, which is highly focused on the running specialty market. Other notable brands include Saucony, HOKA ONE ONE, and Mizuno.

What is the difference between trail running shoes and road running shoes?

Trail running shoes and road running shoes are designed for different terrains and thus have distinct features. Trail shoes are built with aggressive, multi-directional lugs on the outsole for superior traction on uneven, soft, and muddy surfaces. They often include rock plates or protective elements to shield the foot from sharp objects and offer enhanced stability features. Road running shoes are designed for pavement and packed surfaces, prioritizing cushioning, flexibility, and smoother outsoles to facilitate an efficient stride on hard, even ground.

Citius Research has developed a research report titled “Running Shoes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Running Shoes Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Running Shoes Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Running Shoes Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Running Shoes Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Running Shoes Market
• Research Methodology
• Executive Summary
• Market Dynamics of Running Shoes Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Running Shoes Market
• Cost and Gross Margin Analysis of Running Shoes Market
• Running Shoes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Running Shoes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Running Shoes Market Key Stakeholders

Below are the key stakeholders for the Running Shoes Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Running Shoes Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Running Shoes Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Running Shoes Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Running Shoes Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Running Shoes Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Running Shoes Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Running Shoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Running Shoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Running Shoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Running Shoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Running Shoes Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Running Shoes Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Running Shoes Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Running Shoes Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Running Shoes Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Running Shoes Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Running Shoes Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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