Running Watches Market Size is valued at US$ 11190 million in 2022 is expected to reach US$ 13700 million by the end of 2027, growing at a CAGR of 5.2% during 2022-2027.
Running watches are ‘an information processing’ devices consisting time function that are used in cardio training, biking, running, climbing and other sporting activities. These running watches have several functions that of GPS, heart rate monitor, pedometer or combination of all of them.
In order to increase their market presence, the key players have adopted the strategy of frequent acquisitions as the industry is expected to be led by innovations. These players have also optimized the product-mix and have further developed value- added capacities in order to maximize margins. Despite the glaring competition, investors are hopeful about the field and there will be new investments in the market.
The report aspects discussed the profile of the top manufacturers of the global Running Watches Market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Running Watches Market production, demand and growth potential, geographic analysis, as well as current market developments invarious regions and countries.
Top Key players in the Running Watches Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Running Watches Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Apple Inc., Fitbit, Samsung, Garmin, Suunto, Casio, Polar, Motorola/Lenovo, TomTom, Xiaomi, Timex, Nokia, Soleus
Running Watches Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
The Asia-Pacific is expected to witness the highest growth in the running watch market due to the growing consumer electronics industry, coupled with a rapid rise of running watch market vendors across the emerging economies of the region.
The increasing tech-savvy population, a rising pool of chronic diseases, such as obesity and diabetes, along with the growing popularization of health and fitness to maintain a healthy lifestyle, is driving the market growth in the studied region.
Also, in China, children have contributed to the growth of the country's smartwatch industry. BKK Electronics, a Chinese multinational firm, did very well with the largest growth rates in smartwatch shipments, surging 64% year on year. BBK Electronics is usually known as the company behind rising domestic smartphone brands, like Vivo and Oppo.
All these factors greatly affect the Running Watches market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Running Watches Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Running Watches Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
| Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) |
CAGR of 5.2% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | Apple Inc., Fitbit, Samsung, Garmin, Suunto, Casio, Polar, Motorola/Lenovo, TomTom, Xiaomi, Timex, Nokia, Soleus |
Regions Covered |
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Running Watches Market is studied from 2017 - 2027.
What is the growth rate of Running Watches Market?
The Running Watches Market is growing at a CAGR of 5.2% over the next 5 years.
Who are the key players in Running Watches Market?
Apple Inc., Fitbit, Samsung, Garmin, Suunto, Casio, Polar, Motorola/Lenovo, TomTom, Xiaomi, Timex, Nokia, Soleus
What region does this Running Watches Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Running Watches Market?
Pedometer Watches, GPS Watches, Heart Rate Watches, GPS +HRM Watches, Others
What are the major end-use applications of Running Watches Market?
Running, Biking, Climbing, Cardio Training, Others.
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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