GCC Running Gear Market

GCC Running Gear Market Overview:

The GCC running gear market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2027. Running gear consist of accessories and athletic wear products, such as shoes, belts, socks, jackets, and gloves, worn by individuals while performing different sports activities. They are made using durable, lightweight, sweat-wicking, stretchy, breathable, and non-absorbent materials, such as nylon and polyester. They offer a protective layer that helps prevent injuries, provides adequate air circulation, and enhances comfort during fitness training or running. These products are skin-fit and can be fabricated using scratch- and water-resistant materials to minimize skin chafing and penetration by wind and rain. Nowadays, running gears also consist of wearable devices, such as heart rate monitors and smartwatches, for tracking and monitoring the wearer’s progress. In the GCC, running gear is witnessing a significant surge in demand on account of the rising number of athletes and runners in the region.

The increasing health consciousness and surging consumer awareness regarding the positives of physical fitness and exercise are some of the key factors primarily accelerating the market growth in the GCC. This is further supported by the presence of key market players and inflating consumer expenditure power. Moreover, the surging prevalence of obesity due to sedentary lifestyles and the rising working populace are creating a positive outlook for the market. In line with this, key market players are introducing aesthetically appealing product variants fabricated using high-quality fabrics. They are also investing heavily in aggressive promotional activities and celebrity endorsements to expand their product reach, which is providing a considerable thrust to the market growth. Apart from this, the increasing social media influence and easy product availability in online and offline retail stores are accelerating the market growth in the region. Furthermore, the surging product premiumization and the rising trend of running marathons are bolstering the market growth. Other factors, such as the shifting consumer preference toward technologically advanced running gear and the rapid inclusion of running gear in daily fitness activities, are positively contributing to the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC running gear market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC running gear market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC running gear market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC running gear market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC running gear market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC running gear market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC running gear market industry. Furthermore, the value chain analysis of the GCC running gear market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Running Gear Market Segment Insights:

The GCC running gear market has been analysed as followed:

By Product:

• Running Footwear
• Running Apparel
• Running Accessories
• Fitness Trackers

By Gender:

• Male
• Female
• Unisex

By Distribution Channel:

• Specialty and Sports Shops
• Supermarkets and Hypermarkets
• Department and Discount Stores
• Online
• Others

By Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Running Gear Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC running gear market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs