The latest report by IMARC Group, titled “GCC Running Gear Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,“ offers a comprehensive analysis of the industry, which comprises insights into the GCC running gear industry outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The GCC running gear market size reached US$ 830 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,290 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
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Factors Affecting the Growth of the Gcc Running Gear Industry:
- Health and Fitness Awareness:
The rise in health and fitness awareness among the populations of the GCC countries majorly drives the market. This escalation in awareness is primarily driven by government initiatives promoting healthy lifestyles and the increasing prevalence of lifestyle diseases such as obesity and diabetes. As a result, individuals are more inclined towards activities such as running and jogging, which in turn boosts the demand for high-quality running gear. This trend is further supported by the growing number of marathons, fitness clubs, and outdoor activities in the region, creating a robust market for running gear.
- Technological Advancements in Running Gear:
The running gear market in the GCC region is also driven by technological innovations. Advanced materials for better comfort, durability, and performance, as well as integration of technology such as smart wearables, are pivotal. These innovations include shoes with enhanced cushioning and support, wearables that track fitness metrics, and apparel with improved moisture-wicking properties. The consumer demand for these technologically advanced products is high, as they offer improved performance and comfort, appealing to both amateur and professional runners.
- Rising Disposable Income and Urbanization:
The GCC region, known for its economic affluence, is witnessing a rise in disposable incomes among its population. This economic factor, coupled with rapid urbanization, is leading to lifestyle changes that include a greater focus on leisure activities such as running. In addition, higher disposable income allows for increased expenditure on quality running gear, including premium brands. Urbanization is also contributing to the development of infrastructure such as parks and running tracks, making running a more accessible and enjoyable activity for the urban population.
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Gcc Running Gear Market Trends:
The rise of social media and influencer marketing is impacting consumer preferences, making trendy, stylish, and brand-centric running gear more desirable. This trend aligns with the growing youth population in the region, who are increasingly fashion-conscious and digitally savvy. Additionally, the expansion of online retail platforms offers easy accessibility and a wide variety of choices for consumers, fueling the market growth.
Furthermore, the integration of e-commerce with social media platforms further drives consumer engagement and sales. These trends, combined with a growing emphasis on personalized and sustainable products, are creating a positive market outlook.
Gcc Running Gear Market Report Segmentation:
Breakup by Product:
- Running Footwear
- Running Apparel
- Running Accessories
- Fitness Trackers
Running footwear represents the largest segment due to its essential role in providing comfort and injury prevention, making it a primary purchase for both casual and serious runners.
Breakup by Gender:
- Male
- Female
- Unisex
Male segment dominates due to traditionally higher participation rates in running and sports activities among men in the GCC region, coupled with targeted marketing and product designs.
Breakup by Distribution Channel:
- Specialty and Sports Shops
- Supermarkets and Hypermarkets
- Department and Discount Stores
- Online
- Others
Specialty and Sports Shops represents the largest segment as they offer expert advice, personalized fitting services, and a wide range of specialized products, which are highly valued by running enthusiasts.
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
On the basis of country, the market has been divided into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.
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