The study reveals that running gears is trending in North America region. The increasing adoption of advanced technologies in running gears are factors driving for the market growth. The smart running gears are widely used in these region as it provides real time coaching that send the feedback via the headphones. In U.S, it is extensively used among sports person as it also helps to improve running form, reduce the chances of injury and among others. It also enhances the running skill, provide the information on pace, distance and time and others.
In North America region, the retail market is growing due to the growing need of user’s demand of Running Gears Market. The running shoes are inbuilt with sensors which helps to track the speed, calories burnt, distance covered, and others. The products offered by the companies such as Apple Inc. (U.S.), Fitbit (U.S.), Sensoria Inc. (U.S) have improved these gadgets for better customer experiences. The companies are investing in this market and is estimated to gain huge growth in the coming years.
The global running gears market is growing rapidly over ~16% of CAGR and is expected to reach at USD ~ 15 Billion by the end of forecast period.
Major Key Players:
- 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.)
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Global Running Gears Market Segmentation:
The global running gears market is bifurcated on the basis of product, market type, sensor type, and region. The product is segmented into running footwear, fitness trackers, running apparel and others. The retail type is segmented into specialty stores, department stores, online retail and others. The sensors type is segmented 3-axis accelerator sensor, gyroscope sensor, altimeter sensor, temperature sensor, bio-impedance sensor and others. The region includes North America, Europe, Asia Pacific and rest of the world.
Market Research Analysis:
On geographic basis, global running gears market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the running gears market.
The running gears is gaining huge demand due to the popularity of various kind of running events, the healthy lifestyle and others benefits of exercises in these regions. In this market, Europe is to be estimated to be the second largest market share for running gears during the forecast period.
The regional analysis of running gears market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in running gears market as it has huge demand as it is widely used for among sports person.
The running gears market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for running gears market and expected to be the highest CAGR in the coming years.
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- Running gears manufacturing companies
- Original equipment manufacturers
- Running gears providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Running Gears Market: By Product
1.3.2 Global Running Gears Market: By Market Type
1.3.3 Global Running Gears Market: By Sensors Type
1.3.4 Global Running Gears Market: By Region
2 Research Methodology
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
List of Tables
Table 1 Running Gears Market, By Product
Table 2 Running Gears Market, By Market Type
Table 3 Running Gears Market, By Sensors Type
List of Figures
Figure 1 Research Methodology
Figure 2 Running Gears Market: By Product (%)
Figure 3 Running Gears Market: By Market Type (%)
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