Running Gears Market 2018 Global Prominent Key Players: Altra Running, Lumo Bodytech, Seiko Epson, Garmin International, Adidas, Fitbit, Sensoria, Suunto,

Market Research Future published a research report on “Running Gears Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

The running gears market is growing due to the increasing awareness of the advantage of exercise, physical fitness and others benefits of being healthy among the users. The increasing use of advanced technologies in producing the running apparel and footwear, has boosted the market growth to the large extent. The running gears such as smart insoles shoes, smart watches, and others has increased the demand of these gears. In 2017, Garmin International which is a niche fitness brand catering for a group of hardcore athletes, has introduced the newest generation of its Vivoactive and Vivomove watches. These watches have the features including an optical heart-rate sensor, GPS run tracking, and other basic notifications.

The companies such as Seiko Epson Corporation (Japan), Garmin International (U.S.), Adidas Germany), Apple (U.S.), Fitbit (U.S.), Sensoria Inc. (U.S.), Suunto (Finland), are the leading manufacturers of running gears in the market. The vendors are launching new product lines with high-quality fabrics as per the demand of the users. Various sports event including Sprint Marathon, and others sports event has propel the demand of running gear market growth where these running gears used which are integrated with sensors.

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Segmentation

The global running gear market is bifurcated on the basis of product, market type, sensor type, and region. The product is segmented into fitness wearable, software, footwear & apparels, and others. The market type is segmented into specialty stores, department stores, online retail and others. The sensor types are 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.

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.

Key Findings:

• The global running gears market is expected to reach USD 22.54 billion market value by 2023 growing with 12% CAGR during forecast period 2017-2023.
• By Product, Software accounts for the largest market share and is growing with 14% CAGR during forecast period.
• By Market Type, Online Retail is dominating the market and has generated USD 5.84 billion market in 2016 and is expected to grow with 14% CAGR.
• By Sensors, 3-Axis Accelerator Sensor is dominating the market in 2016 and is expected to grow with 13% CAGR during forecast period 2017-2023.
• Geographically, North America region has been projected to hold the largest market share in global running gears smarket followed by Europe region, while Asia Pacific is expected to drive the market in coming years

Market Research Analysis:

Geographically, 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. Asia Pacific is expected to gain highest CAGR in the coming years due to growing population and increasing industrialization which is propelling the market growth in these region.

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Intended Audience

• 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

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This release was published on openPR.