Running Gears Market 2017 with Focus on Competitive Landscape and Growth Factors

(IT-NEWSWIRE.COM, October 25, 2017 ) Market Synopsis of Running Gears Market

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.

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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.

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 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.

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.

The global running gears market is expected to grow at USD ~15 Billion by 2023, at ~16% of CAGR between 2017 and 2023.

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.

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.

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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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Running Gears Market 2017 with Focus on Competitive Landscape and Growth Factors