Technavio Says Development of Sustainable Products Will Influence the Global Running Apparel and Footwear Market
June 17, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global running apparel and footwear market, which is expected to grow at a CAGR of nearly 6% from 2015-2019.
About the Report
The new industry analysis report draws attention towards growing demand for eco-conscious and sustainable products. Vendors are increasingly focusing on manufacturing products that incorporate organic cotton, recycled rubber and plastic materials, and water-based adhesives in the manufacturing of sports apparel and footwear.
“The rising popularity of modern sportswear equipped with advanced technologies has prompted global manufacturers to develop new and innovative products,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes significant digital consumerism patterns outlining market growth. High penetration of wireless broadband, adoption of smartphones and tablets, and an increased number of social media users have empowered consumers to obtain real-time information about various products and services.
“Growth in the e-commerce sector has benefited the online retailing of running apparel and footwear as consumers nowadays are gravitating towards online shopping,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the global running apparel and footwear market from 2015-2019. To calculate the market size, the report considers revenue generated from the sale of running apparel and footwear worldwide through various modes of distribution.
Key Information Covered in the Report:
- Key Vendors:
- Adidas AG
- ASICS Corp.
- Nike Inc.
- Puma SE
- Skechers Inc.
- Market Growth Drivers:
- Availability of Sustainable Products
- For a full detailed list, view our report.
- Market Challenges:
- Availability of Counterfeit Products
- For a full detailed list, view our report.
- Market Trends:
- Advances in Technology
- For a full detailed list, view our report.
Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the sports apparel and footwear market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150617005034/en/
Technavio Research
Jes Ellacott
US: +1 630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
