Global Running Gear Market Overview
The global running gear market is anticipated to gain fast paced ascension over the forecast period of 2017-2023, as per the latest report titled ‘Running Gear Market’ over the forecast period. Changing lifestyle and increasing workload are some of the most significant factors that are driving the global running gear market over the forecast period. People want to invest their time in exercise and fitness activities. Running gears are the accessories that are used by people during running and fitness exercises. Footwear apparels, fitness trackers, and wearable technology in the medical sector is anticipated to drive the global Running Gear Market.
Advancements in technology have increased the adoption of smart wearables in the foreseeable future. Most people use a fitness tracker to track their exercise and health statistics and progress. Presently, hospitals, med-tech companies and pharmaceutical companies, including insurance companies have started to utilize these fitness trackers. The upsurge of the Internet of Things (IoT) is used for interconnecting the uniqueness identifiable embedded computing devices within the existing infrastructure. Several factors are expected to foster the adoption of fitness wearables in the medical sector, including the high rate of consumption of fast food and rising work pressure, especially in the private sector.
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Furthermore, upscaling demand for smartphone within the developing economies of the world are anticipated to pose a challenge in the growth of the global running gear market. Fitbit designs and manufacturers consumer technology gadgets, wearable and health and wellness devices including wrist-based and clippable devices that routinely track daily steps of the user, calories burned, and distance traveled. This has attracted many new fitness conscious consumers to augment the demand for running gear market. The global running gear market is anticipated to gain a 12.97% CAGR through the review period.
Key Players
The prominent players in the global Running Gears Market are – Seiko Epson Corporation (Japan), Garmin International (U.S.), Adidas (Germany), Apple Inc. (U.S.), Fitbit (U.S.), Sensoria Inc (U.S.), Suunto (Finland), Altra Running (U.S.), Stryd (U.S.), Lumo Bodytech (U.S.), among others.
Market Segmentation
The global running gear market has been segmented based on market type, products, and sensors. On the basis of market type, the market for running gear is segmented based on departmental stores, specialty stores, and online retail. Additionally, the market on the basis of products, is segmented into fitness tracker & wearable, software, and footwear and apparel. The global market for running gear is also covered based on sensors segment which is further split into altimeter sensors, bioimpedance sensor, gyroscope sensor, temperature sensor, and 3-axis accelerometer sensor.
Key influences such as compatibility issues could obstruct the running gear market growth. However, as per the running gear market research report, increasing adoption of wearable technology as well as advancement in technology will drive growth during the forecast period 2017 to 2023. These key growth factors will help support the running gear market growth at a high CAGR. The segmental analysis of market type, products, and sensors segments as well as regional market analysis has been presented in the global running gear market research report. Analysts studying the running gear market have presented projections in the running gear market research report assisting running gear market-based companies in numerous ways. The running gear market research report offers crucial details about the running gear market based on the data and forecasts till 2023.
Regional Analysis
North America, Europe, Asia Pacific and the rest of the world regional market for running gear are primarily covered in the global running gear market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level running gear markets are covered in the report. In Asia-Pacific (APAC) region, the country-level running gear markets covered are China, India, Japan, and others. The running gear market research report also covers the regional market for running gear spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The running gear market research report further explores other regional markets from the rest of the world including running gear markets of the Middle East and Africa. As per the global running gear market research report.
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