US Running Shoe Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the US Running Shoe Market is expected to record a CAGR of 3.4% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 9.8 Billion. By 2032, the valuation is anticipated to reach USD 13.1 Billion.

The US Running Shoe Market is a dynamic sector encompassing the production, distribution, and retail of athletic footwear tailored for running enthusiasts. Fueled by a strong fitness culture, technological innovations, and lifestyle trends, key players like Nike, Adidas, and New Balance dominate the market.

Witnessing shifts in consumer behavior, including a surge in e-commerce and an increasing emphasis on sustainable and versatile designs, the US Running Shoe Market remains a pivotal player in the broader sportswear and athletic footwear industry, continually evolving to meet the diverse demands of American runners and fitness enthusiasts.

US Running Shoe Market – Significant Growth Factors

The US Running Shoe Market presents significant growth opportunities due to several factors:

• Fitness Technology Integration: The incorporation of fitness tracking technology in running shoes, including features like step counting and performance analytics, appeals to tech-savvy consumers, driving the market with a fusion of fitness and innovation.

• Community and Social Running Movements: The rise of social running communities and organized running events fosters a sense of community engagement, propelling the demand for running shoes as individuals participate in group activities and events.

• Health and Wellness Emphasis: The pervasive focus on health and wellness drives demand for running shoes, with a growing number of individuals adopting running as part of an active lifestyle.

• Technological Advancements: Continuous innovations in running shoe technology, including responsive cushioning and biomechanical optimizations, contribute to enhanced performance and comfort, attracting consumers seeking cutting-edge features.

• Athleisure Lifestyle: The integration of athletic footwear into everyday fashion fuels demand for running shoes that seamlessly blend performance and style, catering to consumers embracing the athleisure trend.

• E-commerce Growth: The proliferation of e-commerce platforms provides consumers with convenient access to a wide array of running shoes, contributing to market growth through extensive product choices and online transactions.

US Running Shoe Market – Mergers and Acquisitions

The US Running Shoe Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the US Running Shoe Market include:

• In 2023, Athletic Propulsion Labs, a luxury performance footwear brand, enhanced its e-commerce outcomes by integrating AI-powered True Fit Guidance. This strategy aims to boost revenue and decrease returns by providing personalized recommendations, ensuring customers make informed purchase decisions tailored to their preferences and reducing the likelihood of product returns.

• In 2022, Allbirds introduces the groundbreaking M0.0NSHOT, the world’s first net-zero carbon shoe, boasting a remarkable carbon footprint of 0.0 kg CO₂e, contrasting the industry average of 14 kg CO₂e. This achievement is realized without offsets, showcasing Allbirds’ innovative approach to product manufacturing and commitment to environmental sustainability.

• In 2021, Puma SE inaugurated its largest store in North India, situated in Gurgaon’s CyberHub. This digitally enabled experience store employs digital touchpoints to attract tech-savvy customers, catering to the rising trend of online purchases while offering an immersive in-person shopping experience.

• In 2021, Nike unveiled the ‘Go FlyEase,’ a hands-free sports shoe with no laces or fastenings, initially designed for ease of use by individuals with disabilities. The innovative design, now accessible to a broader audience, prioritizes convenience, allowing for effortless wear and removal.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the US Running Shoe Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US Running Shoe Market – Significant Threats

The US Running Shoe Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Environmental and Supply Chain Challenges: Disruptions in the supply chain due to geopolitical tensions, natural disasters, or environmental issues can lead to manufacturing delays and shortages, affecting the availability and production of running shoes in the US.

• Regulatory Compliance and Product Safety: Increasing scrutiny on product safety standards and regulations poses a threat to running shoe manufacturers. Compliance challenges and stringent safety requirements may result in additional costs and impact the timely introduction of new products to the market.

• Counterfeit Products: The prevalence of counterfeit running shoes undermines the reputation of authentic brands, leading to trust issues among consumers, impacting sales and potentially compromising on quality and safety standards.

• Global Health Crises: Ongoing or future health crises, similar to the impact of the COVID-19 pandemic, can disrupt the US Running Shoe Market. Lockdowns, restrictions, and changes in consumer behavior during health emergencies may lead to decreased retail activity and production interruptions.

• Consumer Shifts in Preferences: Rapid changes in consumer preferences, influenced by fashion trends or shifts in lifestyle choices, can pose a threat to running shoe manufacturers that may struggle to adapt quickly to evolving market demands.

Report Scope

Category-Wise Insights

By Gender

• Men: Men’s running shoes in the US cater to performance and style, offering a range of designs with cutting-edge technologies. Trends focus on versatility, with demand for shoes suitable for both athletic activities and casual wear, reflecting the athleisure trend.

• Women: Women’s running shoes blend fashion and functionality in the US, featuring innovative designs and comfort-focused features. Trends emphasize vibrant colors, sustainability, and styles that seamlessly transition between sports and daily activities.

• Kids: The US market for kids’ running shoes prioritizes durability and support for active play. Trends include colorful designs, character-themed shoes, and a growing emphasis on sustainable and eco-friendly materials to align with parental preferences.

By Product Type

• Road Running Shoes: Road running shoes are optimized for hard, even surfaces. In the US, the market trend involves blending durability with lightweight construction and advanced cushioning technologies for optimal performance on paved roads.

• Trail Running Shoes: Trail running shoes are crafted for off-road terrains, emphasizing traction and durability. In the US, the trend involves integrating rugged outsoles, protective features, and waterproof materials to meet the demands of diverse trail conditions.

• Mud Running Shoes: Mud running shoes are specialized for muddy and wet conditions, prioritizing water drainage and enhanced grip. In the US Running Shoe Market, the trend is towards durable, mud-resistant designs with aggressive outsoles for obstacle course and mud run enthusiasts.

• Barefoot Running Shoes: Barefoot running shoes simulate a natural running experience, promoting minimalistic design. In the US, trend involves offering lightweight, flexible options with thin soles, catering to runners seeking a more natural feel and biomechanical benefits.

By Distribution Channel

• Online: Online distribution in the US Running Shoe Market refers to the sale of running shoes through e-commerce platforms. The trend includes a significant surge in online sales, driven by consumer preference for convenient, contactless shopping experiences, and the broad availability of product choices and reviews.

• Offline: Offline distribution involves traditional retail channels like physical stores. Despite challenges, including closures and restrictions, offline sales remain relevant due to consumer preferences for in-store experiences, the ability to try on shoes, and the presence of specialized running shoe retailers.

By Price Point

• Upto $60: Running shoes priced up to $60 cater to budget-conscious consumers, emphasizing basic performance features. Current trends include lightweight designs, vibrant color options, and affordability, appealing to entry-level runners and casual fitness enthusiasts.

• $60 to $120: Mid-range running shoes, priced between $60 and $120, strike a balance between performance and affordability. Trends in this segment focus on advanced cushioning technologies, durability, and stylish designs.

• $120 to $200: Premium running shoes within the $120 to $200 range target enthusiasts seeking high-performance features. Current trends involve specialized materials, advanced biomechanical designs, and a fusion of innovation with stylish aesthetics.

• Above $200: Luxury running shoes priced above $200 target elite athletes and luxury enthusiasts. Trends in this segment include cutting-edge technologies, personalized features, exclusive collaborations with high-end fashion designers, and a focus on premium materials and craftsmanship.

Competitive Landscape – US Running Shoe Market

The US Running Shoe Market is highly competitive, with a large number of manufacturers and retailers operating. Some of the key players in the market include:

• Nike Inc.
• Adidas AG
• New Balance Athletics, Inc.
• ASICS Corporation
• Puma SE
• Under Armour Inc.
• Brooks Sports Inc.
• Saucony, Inc.
• HOKA ONE ONE
• Skechers USA., Inc.
• Newton Running Company
• Mizuno Corporation
• Reebok International Ltd.
• Salomon S.A.
• Altra Running
• Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players like APL Athletic Propulsion Labs and Allbirds have entered the US Running Shoe Market with innovative designs and sustainable practices. APL introduces cutting-edge technologies, appealing to performance-oriented consumers.

Allbirds focuses on environmentally friendly materials, catering to the growing demand for sustainable footwear. Dominating the market are key players like Nike, Adidas, and New Balance, leveraging extensive global reach, athlete endorsements, and continuous technological innovations.

These giants dominate shelves and e-commerce, maintaining a strong market presence through diverse product lines and strategic marketing initiatives, solidifying their positions in the competitive landscape.

The US Running Shoe Market is segmented as follows:

By Gender

• Men
• Women
• Kids

By Product Type

• Treadmill
• Road
• Trail
• Mud
• Barefoot

By Distribution Channel

• Online
• Offline

By Price Point

• Up to $60
• $60 to $120
• $120 to $200
• Above $200