Running shoes usually refer to the shoes that are most suitable for running. According to different performance and target audience, running shoes can be roughly divided into three categories: shock-absorbing running shoes, stable running shoes, and motion controlled running shoes. Overview of Market Development
In recent years, benefiting from the trend of sports and leisure and consumers' pursuit of a healthy lifestyle, the US running shoe market has shown a steady growth trend. According to our research data, the estimated revenue of the US running shoes market in 2024 is $4903 million, an increase of 3.71% compared to 2023.
In the future, with continuous technological innovation, such as the development of 3D printing and smart sports shoes, the market will usher in new growth points. It is expected that by 2029, the revenue of the US running shoe market will continue to increase to 6014 million. The CAGR for 2024-2029 is estimated to be 4.17%.
Segmented Market Analysis
From the perspective of product types, running shoes can be divided into two categories based on their target audience: men's running shoes and women's running shoes. Among them, men's running shoes dominate the market, with an expected market share of 66.36% by 2024.
From a regional perspective, the southern region is the largest revenue market for running shoes in the US. Data shows that the revenue of the running shoes market in the southern US is expected to reach $1442 million in 2024, with an estimated market share of 29.41%.
US Running Shoes Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the US running shoe market is relatively high. According to the data, the total revenue of running shoes of the top 3 companies in 2023 was $2308 million, with a total revenue share of 48.81%. The top three companies were Nike, Brooks, and Adidas. In 2023, these three companies accounted for 30.68%, 10.05%, and 8.08% of the global market revenue in the running shoe market, respectively.
US Running Shoes Market Revenue and Market Segment
|
Companies
|
Market Revenue (Million USD)
|
Market Share
|
|
Nike
|
1451
|
30.68%
|
|
Brooks
|
475
|
10.05%
|
|
Adidas
|
382
|
8.08%
|
|
Top3 Companies
|
2308
|
48.81%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Running Shoes Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
Chinese