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According to MRFR analysis, Global Running Gear market is expected to register a CAGR of ~ 15.40% from 2022 to 2030 and hold a value of over USD 62.3 billion by 2030. The global running gear market refers to the industry that encompasses the manufacturing, distribution, and sales of various products and accessories designed for running and other athletic activities. Running gear includes a wide range of products such as running shoes, apparel, accessories, fitness trackers, hydration packs, and more. The running gear market has experienced significant growth over the years, driven by factors like increasing participation in running and fitness activities, growing awareness about health and wellness, and the popularity of running as a recreational sport. The market has witnessed steady growth, with both established brands and new entrants introducing innovative products to cater to the evolving needs of consumers.
Running Gear Market Key Players
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Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size 2030 |
USD 62.3 Billion |
|
Compound Annual Growth Rate (CAGR) |
15.40% (2022-2030) |
|
Forecast Period |
2022-2030 |
|
Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
|
Key Market Opportunities |
Growing influence of social media |
|
Key Market Dynamics |
Rise of the running gear sector is being supported by an increase in anti-sweatshop campaigns Running gear business is growing as a result of the ability to customise and personalise running shoes and clothing |
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Running Gear Market Segmentation
Global Running Gear market has been segmented into Sensor Type, Products, Market Type.
Type: Bio Impedance Technology Sensors, 3-Axis Accelerometer Sensors, Altitude Meter,
Temperature Measurement Sensors, Angular Velocity Sensors
Products: Smart Fitness Tracker & Gears, Latest Technologies & Software, Sports Footwear & Equipment
Market Type: Departments Or Large Retail Organizations, Specialty Brand Stores, Online Platforms
Regional Analysis
North America has traditionally been a lucrative market for running gear due to a strong sports and fitness culture. The United States, in particular, has a large population of fitness enthusiasts and professional athletes. The market in this region is characterized by a high demand for premium and technologically advanced running gear.
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Europe is another prominent market for running gear, with countries like Germany, France, and the United Kingdom leading the way. The region has a well-established running community, and there is a growing trend of organized running events. The market in Europe is driven by a combination of performance-oriented gear and stylish athleisure products.
The Asia-Pacific region has witnessed rapid growth in the running gear market, fueled by a rising middle class, urbanization, and increasing health awareness. Countries like China, Japan, and India have emerged as significant markets, with a growing number of people adopting running as part of their fitness routines. Manufacturers are targeting this region with a range of affordable and functional running gear.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
