Refurbished Running Shoes Market to Grow with a CAGR of 10.31% through 2030
The Refurbished Running Shoes Market is
growing due to increasing sustainability awareness, cost-effective options for
consumers, and rising demand for eco-friendly products in the athletic footwear
industry.
According to
TechSci Research report, “Refurbished Running Shoes Market - Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
The
global Refurbished Running Shoes Market
was valued at USD 8.31 Billion in 2024 and is expected to reach USD 14.92
Billion by 2030 with a CAGR of 10.31% during the forecast period. The
refurbished running shoes market has seen significant growth due to increasing
consumer awareness about sustainability, environmental impact, and the need for
affordable alternatives. As people become more conscious of the waste generated
by traditional manufacturing processes, the demand for refurbished products has
grown. Refurbished running shoes provide a viable solution by offering
high-quality, eco-friendly footwear at a reduced price. This shift in consumer
behavior is contributing to a growing market where both cost and environmental
concerns are driving purchasing decisions.
One
of the primary factors propelling the growth of this market is the rising
environmental awareness among consumers. Refurbished shoes are viewed as a way
to reduce waste, offering a sustainable alternative to buying new footwear.
With advancements in refurbishing technology, shoes are restored to a high
standard, meeting the expectations of consumers who want durable products that
do not contribute to environmental harm. The affordability of refurbished shoes
also appeals to budget-conscious buyers, further boosting demand. North
America, particularly the United States, leads the market, with a strong demand
for sustainable and fitness-related products. In Europe, countries like
Germany, the UK, and France are embracing refurbished products due to their
environmental benefits and the growing trend of circular economies. Asia
Pacific is the fastest-growing region, as rising disposable incomes and an
increasing interest in fitness activities contribute to the popularity of
refurbished footwear. As these regions become more attuned to the benefits of
refurbished shoes, the market is expected to expand rapidly.
The
growing trend of online shopping has accelerated the sale of refurbished shoes,
as e-commerce platforms provide convenience and access to a broader audience.
Offline retail stores also play a role in offering refurbished footwear,
catering to consumers who prefer to make in-person purchases. Both channels are
contributing to the market’s expansion. Key players in the athletic footwear
industry are increasingly focusing on refurbished products as part of their
sustainability initiatives. Leading brands such as Nike, Adidas, and Puma are
offering refurbished running shoes, while online marketplaces like Etsy provide
a platform for smaller companies and individual sellers to reach consumers
interested in eco-friendly footwear. Additionally, specialized companies like
Greensole in India focus on refurbishing old shoes and providing affordable
alternatives to underserved communities, which further drives the growth of the
market. The refurbished running shoes market is poised for continued success.
As the demand for sustainable and affordable products grows, companies that can
offer high-quality refurbished footwear and demonstrate the environmental
benefits of these products will likely thrive. With increasing awareness,
advancements in refurbishment technologies, and a shift in consumer attitudes
toward sustainability, the market for refurbished running shoes is expected to
grow rapidly, becoming a mainstream choice for environmentally conscious
consumers seeking high-performance footwear at a reduced price.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Global Refurbished Running Shoes Market.”
The global Refurbished
Running Shoes Market is segmented into type, gender, distribution channel, and
region.
Based
on distribution channel,
online distribution channel is the fastest-growing segment in the refurbished
running shoes market. E-commerce platforms offer consumers the convenience of
browsing and purchasing refurbished footwear from the comfort of their homes,
which has significantly contributed to its growth. Online stores often provide
a wide range of options, detailed product descriptions, and customer reviews,
making it easier for consumers to make informed purchasing decisions.
Additionally, the global reach of online platforms allows refurbished shoes to
be accessible to a broader audience, further driving the demand for sustainable
and affordable footwear. This growth reflects broader shifts in consumer
behavior toward online shopping.
Based
on region, Asia Pacific is the fastest-growing region in the global refurbished
running shoes market. The region’s growth is fueled by rising disposable
incomes, a growing interest in fitness, and increasing awareness of sustainable
products. With more consumers adopting healthy lifestyles, running and other
fitness activities are becoming more popular, driving demand for athletic
footwear, including refurbished options. Additionally, countries in Asia
Pacific are increasingly prioritizing environmental sustainability, encouraging
consumers to opt for refurbished products as a way to reduce waste. This
combination of fitness culture and eco-consciousness is accelerating the growth
of the refurbished running shoes market in the region.
Major companies
operating in global Refurbished Running Shoes Market are:
- Nike Inc.
- Adidas AG
- New Balance Athletics, Inc.
- ASICS Corp.
- Kering SA
- Skechers USA, Inc.
- Under Armour Inc.
- VF Corp.
- Puma SE
- Relaxo Footwears Ltd.
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“The global refurbished running shoes
market is experiencing robust growth, driven by increasing consumer demand for
sustainable and affordable footwear. This growth is attributed to heightened
environmental awareness, the popularity of circular economy models, and
advancements in refurbishment technologies that ensure high-quality products.
The market's expansion is also supported by the increasing adoption of online
retail channels, which provide consumers with convenient access to refurbished
footwear. As sustainability becomes a key consideration for consumers, the
refurbished running shoes market is poised for continued growth, offering an
eco-friendly alternative to traditional footwear options“, said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Refurbished Running
Shoes Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Type (Performance
Shoes, Casual Shoes), By Gender (Men, Women, Unisex), By Distribution Channel
(Online, Offline), By Region & Competition, 2020-2030F”, has evaluated the future growth
potential of global Refurbished Running Shoes Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global Refurbished Running Shoes Market.
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