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.

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.

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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.

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
Regional Analysis

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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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
TABLE OF CONTENTS

1 Executive Summary

2 Market Dynamics

2.1 Market Growth Factors 11

2.1.1 Increasing Adoption Of Fitness Wearable In Medical Sector 11

2.1.2 Emerging E-Commerce Sector 12

2.2 Market Challenges 13

2.2.1 Increasing Demand Of Smartphones 13

2.3 Running Gear Supply Chain Analysis 13

2.4 Porter’s Five Forces Analysis 14

3 Global Running Gear Market, By Sensors

3.1 Introduction 15

3.2 Market By Sub-Segment 16

3.2.1 3-Axis Accelerometer Sensor 16

3.2.2 Gyroscope Sensor 16

3.2.3 Altimeter Sensors 16

3.2.4 Temperature Sensor 17

3.2.5 Bioimpedence Sensor 17

4 Global Running Gear Market, By Product

4.1 Introduction 18

4.2 Market By Sub-Segment 19

4.2.1 Footwear And Apparels 19

4.2.2 Fitness Tracker & Wearable 19

4.2.3 Software 19

Continued…

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