Running Gear Market Will Reach USD 62.03 Billion by 2030, with a CAGR of 15.4% - MRFR Reports


Nameless2022/08/24 13:05
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Running Gear Market Will Reach USD 62.03 Billion by 2030, with a CAGR of 15.4% - MRFR Reports

Overview

The running gear market is projected to grow at a CAGR of 12.97% during the forecast period 2017 to 2023. As per the running gear market research report, the global market for running gear is anticipated to grow rapidly by US$22.53 million by 2023. As per analysts, the growing demand among people for a healthy lifestyle along with the emerging e-commerce sector will drive the market growth throughout the forecast period. The running gear market research report provides an in-depth analysis of the global running gear market and its market type, products, and sensors segments. The lack of demand as well as high cost are the factors which could affect the running gear market growth during the forecast period 2017 to 2023. The running gear market research report by expert analysts is intended to help companies in the running gear market.

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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.

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Regional Overview

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.

Competitive Landscape

The emerging Internet of Things (IoT) and high consumption of fast food are expected to accelerate the running gear market growth worldwide. The global running gear market is set to witness challenges including limited availability as well as cheaper substitutes, however, companies in the running gear market will sustain the growth rate. The running gear market research report also offers company profiles of key players operating in the running gear market around the world. Additionally, the global running gear market report provides detailed analysis of the market based on primary and secondary research data collected from the running gear market’s key decision makers as well as stakeholders. The running gear market research report covers all such factors assisting companies in the running gear market to improve their plans and portfolio.

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