Running Gear Market Size is Grow at a CAGR of 15.40% and is Expected to Reach USD 62.3 billion by 2030
Research Reports
Mar 15, 2023
Running Gear Market Insights
According to MRFR analysis, the 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.
Running gear refers to the clothing, shoes, and equipment used by runners. The COVID-19 pandemic has had a significant impact on the running gear industry. Many running stores were forced to close due to lockdowns and social distancing measures, leading to a decrease in sales. Additionally, large in-person events such as marathons and races were canceled, leading to a decrease in demand for running gear. However, some retailers have seen an increase in online sales as more people turned to run as a way to stay active while staying safe during the pandemic.
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Running Gear Market Key Players
Some of the key market players are-
- Apple Inc.
- Samsung Electronics Co Ltd.
- Suunto, Altra Running
- Adidas
- Garmin International
- Seiko Epson Corporation
- Stryd, Xiaomi Inc.
- Lumo Bodytech
- Fitbit
- Sensoria Inc.
Running Gear Market Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 62.3 billion |
|
Growth rate: |
CAGR of 15.40% from 2022 to 2030 |
|
Forecast Period |
2022-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Regional Analysis
North America is set to be the largest market during the forecast period. The growth of the market is due to increased fitness activities, like running, in countries such as the United States. With the rise of Internet usage and smartphone users in North America, online stores are predicted to grow significantly throughout the projection period. Many people prefer to shop online due to benefits including affordability, convenience, discounts, cash-on-delivery (COD) options, and quick delivery services.
Running Gear Market Segmentation
The Global Running Gear market has been segmented into type, product, and sensor.
Based on the sensor, the market has been segmented into 3-Axis Accelerometer Sensor, Gyroscope Sensor, Altimeter Sensors, Temperature Sensor, and Bioimpedance Sensor.
Based on the product, the market has been segmented into Footwear and Apparel, Fitness Trackers & wearables, and Software.
Based on the type, the market has been segmented into Online Retail, Specialty Stores and Departmental Stores.
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