Running - Israel
Israel- In ****, the revenue of the Running market in Israel is projected to reach US$******m.
- This market is expected to experience an annual growth rate of ****% (CAGR *********).
- It is worth noting that, in comparison to other countries, United States generates the highest revenue (US$****bn in ****) in this market segment.
- Moreover, the revenue generated per person is expected to be US$***** in ****, when considering the total population of Israel.
- In terms of volume, the Running market is projected to reach ***m pairs by ****, with a growth rate of ***% in ****.
- Additionally, the average volume per person in this market segment is expected to reach ****pairs in ****.
- Israel's leather footwear market is growing due to the increasing demand for high-quality, handmade products from local designers and manufacturers.
- Key regions:
- Europe,
- Germany,
- Philippines,
- China,
- Vietnam
Definition:
The market for Running footwear includes shoes designed specifically for running activities. These shoes are engineered to provide support, cushioning, and stability to enhance running performance and reduce injury risk. The segment focuses on functional aspects tailored to various types of running, such as road running, trail running, and long-distance running.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (per pair), and sales channels data. Online and offline distribution channels are considered, including purchases from digital marketplaces and physical stores. Key players include companies such as Nike, Adidas, Brooks, and Asics.
- Road running shoes
- Trail running shoes
- Long-distance running shoes
- Kids running shoes
- Casual athletic shoes
- Everyday sneakers
- Fashion-oriented athletic shoes
Revenue
Volume
Price
Sales Channels
Global Comparison
Analyst Opinion
The overall outlook for the fashion industry remains positive as the share of the apparel and footwear portfolio is expected to decline only slightly, leading to enormous overall growth potential. The most important driver for the global footwear market is the increasing importance of emerging markets not only as production sites but also as consumer markets. This indicates a strong impetus for producers and retailers to diversify their geographical presence to enable further growth. Additionally, the athleisure trend that combines comfort with chic and has elevated functional sportswear to coveted fashion statements is bound to continue.
Methodology
Data coverage:
Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Athletic Footwear, Leather Footwear, and Textile & Other Footwear segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.Consumer
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