Dublin, July 13, 2023 (GLOBE NEWSWIRE) -- The "Shock Absorption Running Shoes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018 - 2028F Segmented By Product Type, By Application, By Distribution Channel, By Region, Competition" report has been added to ResearchAndMarkets.com's offering.
The global shock absorption running shoe market is expected to grow during the forecast period due to factors such as the rise in the number of trail running events andgrowing popularity of marathons and other running events around the world is expected to increase the demand for shock-absorption running shoes.
Some of the other factors driving this market include an increasing level of change in the lifestyle of consumers, the growing participation of women in sports activities, the rising trend of online purchasing, etc. The increased penetration of smartphones and mobile internet connectivity have surged the online sales of these products over the past few years.
Additionally, new product launches and technological innovations are anticipated to contribute to the market growth during the projection period. For instance, in 2022, Huntsman collaborated with Joe Nimble and Footwear Innovation Lab GmbH over a high-performance running shoe.
Also, Joe Nimble's Ultreya launched a new shoe that claims to help reduce the chance of pain and injury while providing added comfort to marathon and long-distance runners. Similarly, in 2022, ASICS Corporation launched new shock absorption running shoes, 'ASICS Superblast,' which are convenient for long runs and workouts. Hence, the market for shock-absorbing running shoes will continue to expand at an accelerated rate during the forecast period.
North America has been observing a rise in demand for shock-absorption running shoes in the past few years. This is in accordance with the increased number of marathons and sports-related events in the region. For, instances there are a total of 152 Major League sports franchises (MLB, NHL, NFL, NBA & MLS) in North America that are spread across 52 cities in the United States and Canada.
Also, people in this region are increasingly spending on shoes. In December 2021, consumer spending on footwear increased by 20.5%, compared to December 2020, according to the Footwear Distribution and Retailers of America.
Increasing Participation in Outdoor Activities Fuel the Market Growth
Nowadays, people are more interested in outdoor and sports activities such as hiking, wildlife views, camping, and hanging out at local places.
According to the Outdoor Foundation's 2022, more than half (54%) of Americans aged six and older engaged in at least one outdoor activity in 2021, and the number of people participating in outdoor recreation increased by 2.2 percent to 164.2 million.
Additionally, 46.5 percent of all participants in outdoor activities are women aged six and older. These are the factors that will lead the market growth of shock absorption running shoes over the forecast period.
Rising Awareness about the Health Benefits Boosting the Market Growth
The growing awareness about the health benefits of shock absorption running shoes will lead to market growth, owing to the rising safety concerns among people, such as the risk of injury, alleviating pain in the ankle, impact on the joints, etc.
These shoes help to increase shoe grip, reduce the possibility of cramps, and absorb the brunt of the impact. These are the characteristics that will fuel the shock absorption running shoe market growth in the upcoming years.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global shock absorption running shoe market.
- Nike Inc.
- ASICS Corporation
- New Balance Athletics Inc
- Brooks Sports, Inc.
- Adidas AG
- Deckers Outdoor Corporation
- Wolverine World Wide Inc.
- VF Outdoor LLC (The North Face)
- ANTA Sports Products Limited
- Topo Athletic, LLC.
Market Dynamics
Drivers
- Increasing Safety Concerns Among Consumers
- Rising Sports Activities
- Increasing Participation of Women in Outdoor Activities
Market Trends & Developments
- Growing Technology Advancement
- Increasing Marketing & Promotional Strategies
- Rising Awareness about health benefits
- Increasing Online Purchases
- Increased Trail Running Events
Challenge
- High Competition Among top Players
- High Prices
Report Scope:
Global Shock Absorption Running Shoes Market, By Product Type:
- Men Shock Absorption Running Shoes
- Women Shock Absorption Running Shoes
Global Shock Absorption Running Shoes Market, By Application:
- Daily Life Running
- Tournament
- Outdoor Enthusiasts
Global Shock Absorption Running Shoes Market, By Distribution Channel:
- Hypermarkets/Supermarkets
- Multi-Branded Stores
- Exclusive Stores
- Specialty Stores
- Online
- Others
For more information about this report visit https://www.researchandmarkets.com/r/uljt59
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