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Report Overview

The Latin America running gear market is projected to grow at a CAGR of 3.80% between 2025 and 2034. The market is being aided by the expansion of the e-commerce sector in the region.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In recent years, the e-commerce sector in Latin America has experienced a significant increase in sales value, with a remarkable growth factor of 2.8 times.
  • Data from Brazil in 2019 indicated that approximately 4 million individuals participated in running, contributing to a market valued at around BRL 3.1 billion annually.
  • In 2022, consumer expenditure in Latin America and the Caribbean reached $4,180.45 billion, reflecting a 16.69% rise compared to the previous year, 2021.

Compound Annual Growth Rate

Value in

3.8%

2025-2034


Latin America Running Gear Market Outlook

*this image is indicative*

Latin America Running Gear Market Report Summary Description Value
Base Year USD Million 2024
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million XX
Market Size 2034 USD Million XX
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 3.80%
CAGR 2025-2034 - Market by Country Mexico 4.1%
CAGR 2025-2034 - Market by Country Brazil 3.2%
CAGR 2025-2034 - Market by Product Fitness Trackers 4.2%
CAGR 2025-2034 - Market by Distribution Channel Online 6.9%
2024 Market Share by Country Argentina 7.8%

Latin America Running Gear Market Growth

The total number of transactions in Latin America experienced a remarkable increase of 3.1 times from 2019 to 2023, rising from $117 million to $364 million. Currently, the Latin American market is home to over 300 million digital consumers, a number expected to grow by more than 20% by 2027.

This swift expansion highlights Latin America's significance as a crucial market, fuelled by enhanced internet accessibility and strengthening economies. E-commerce platforms facilitate the convenience of purchasing running gear from any location and at any time, eliminating the necessity to visit physical retail outlets. This ease of access has greatly amplified demand, particularly in areas where traditional sports stores are scarce. Online platforms offer an extensive array of running gear, featuring numerous brands, styles, and price points. Consumers can effortlessly compare products, read reviews, and make well-informed purchasing choices, resulting in increased sales.

The growing participation of women in running and a variety of sports is significantly driving the demand for specialised running equipment designed specifically for female participants and athletes in the region. Furthermore, the rise of women-centric running events, clubs, and communities is fostering a sense of camaraderie and support among female athletes, further encouraging participation.

Key Trends and Developments

Latin America Running Gear Trends

The growing awareness of the numerous benefits linked to regular physical activity and maintaining a healthy lifestyle is driving an increasing number of individuals in Latin America to engage in running and other fitness-related activities. This shift in mindset is not only fostering a culture of health and wellness but is also leading to a significant rise in the demand for running equipment and accessories.

As more people recognise the positive impacts of exercise on physical health, mental well-being, and overall quality of life, they are more inclined to incorporate running into their daily routines. This trend is further supported by the proliferation of community events, such as marathons and fun runs, which encourage participation and create a sense of camaraderie among fitness enthusiasts.

Latin America Running Gear Industry Segmentation

Latin America Running Gear Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product:

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

Market Breakup by Gender:

  • Male
  • Female
  • Unisex

Market Breakup by Distribution Channel:

  • Offline
  • Online

Market Breakup by Country:

  • Brazil
  • Mexico
  • Argentina
  • Others

CAGR 2025-2034 - Market by Country
Mexico 4.1%
Brazil 3.2%
Argentina XX%
Others XX%

Latin America Running Gear Market Share

Based on distribution channels, the market is divided into offline and online. The online segment is projected to grow at a CAGR of 6.9% during the forecast period of 2025-2034. Online channels offer convenient accessibility to a wide range of running gear at competitive prices, boosting their appeal among consumers.

Leading Companies in the Latin America Running Gear Market

Major players are focusing on the production of sustainable and technologically integrated running gears to gain a competitive edge in the market.

  • Adidas AG
  • Puma SE
  • Nike, Inc.
  • Under Armour®, Inc.
  • Asics Corp.
  • Skechers USA, Inc.
  • Actvitta
  • Columbia Sportswear Company
  • On Holding AG
  • NewBalance, Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 3.80% between 2025 and 2034.

The market is being driven by the growth of the e-commerce sector and rising health and fitness awareness among customers.

The key trends aiding the market expansion include the rising participation of women in the fitness sector and growing social media influence.

The different distribution channels in the market include online and offline.

The major countries considered in the market are Brazil, Mexico, and Argentina, among others.

The key market players are Adidas AG, Puma SE, Nike, Inc., Under Armour®, Inc., Asics Corp., Skechers USA, Inc., Actvitta, Columbia Sportswear Company, On Holding AG, and NewBalance, Inc., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment

  • Product
  • Gender
  • Distribution Channel
  • Region
Breakup by Product
  • Running Footwear
  • Running Apparel
  • Running Accessories
  • Fitness Trackers
Breakup by Gender
  • Male
  • Female
  • Unisex
Breakup by Distribution Channel
  • Offline
  • Online
Breakup by Region
  • Brazil
  • Mexico
  • Argentina
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Adidas AG
  • Puma SE
  • Nike, Inc.
  • Under Armour®, Inc.
  • Asics Corp.
  • Skechers USA, Inc.
  • Actvitta
  • Columbia Sportswear Company
  • On Holding AG
  • NewBalance, Inc.
  • Others

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