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Global Running Watches Market Size Study, by Type (Pedometer Watches, GPS Watches, Heart Rate Watches, Multi-Sport Watches), by End User (Men, Women), by Price Point (Premium, Medium, Economy), by Distribution Channel (Online Retail, Hypermarkets and Supermarkets, Specialty Stores, Others), and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G4AFEC4AF846EN
Bizwit Research & Consulting LLP

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Global Running Watches Market is valued at approximately USD 2.0 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2024-2032. Running watches, also known as GPS watches or sports watches, are wearable devices specifically designed to track and monitor various aspects of running and other physical activities. These watches are typically equipped with GPS technology to accurately track distance, speed, and route during outdoor runs. They play a crucial role in providing real-time data and insights that enable users to monitor their performance, set fitness goals, and optimize their training routines.

The increase in health awareness significantly drives the growth of the running watch market by instilling a greater emphasis on fitness and well-being among consumers. As individuals become more conscious of the importance of leading a healthy lifestyle, they seek tools and technologies to aid them in their fitness journey. Running watches offer a comprehensive solution by providing real-time tracking of various metrics such as distance coverage, calories burned, and heart rate, empowering users to monitor their progress and set achievable fitness goals. This heightened awareness fosters a growing demand for running watches as essential companions for both seasoned athletes and fitness beginners, thus driving market growth. However, high initial investment and limited accessibility in developing regions are the key factors that are hampering the market growth globally during the estimated period of 2024-2032. Moreover, the integration of health awareness into various aspects of daily life prompts individuals to invest in running watches as a means of proactively managing their health. By offering features such as sleep tracking, stress monitoring, and guided workouts, running watches cater to the holistic health needs of consumers, further fueling market growth. As health consciousness continues to rise, the running watch market is poised to expand, driven by the increased demand for convenient and effective tools to support an active lifestyle.

The rise in sports participation has become a significant factor in the growth of the running watches market. As more individuals engage in various sports activities, there is a rise in demand for tools and technologies that enhance performance tracking and aid in achieving fitness goals. Running watches, equipped with features such as GPS tracking, heart rate monitoring, and performance analytics, cater to the needs of athletes and fitness enthusiasts. These devices provide valuable insights into distance covered, pace, heart rate zones, and other essential metrics, empowering users to optimize their training routines and monitor progress effectively.

Advancements in technology play a pivotal role in driving the running watches market growth by continuously enhancing the functionality and capabilities of these devices. With innovations such as GPS tracking, heart rate monitoring, and advanced analytics, running watches offer users a comprehensive suite of features to track and optimize their workouts. These technological advancements provide users with real-time data and insights into their performance, enabling them to set and achieve their fitness goals more effectively. For instance, GPS tracking allows runners to accurately measure their distance, pace, and route, while heart rate monitoring provides valuable information about their cardiovascular health and intensity levels during exercise.

The key regions considered for the global Running Watches Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Running Watches Market in terms of revenue. The market growth in the region is being attributed to factors including increasing consumers' awareness of fitness and health, as well as their rising use of wearable technologies to measure and monitor their physical activity. Also, the demand for sophisticated features like GPS tracking, heart rate monitoring, and performance analysis will continue to grow as more people in North America emphasize an active lifestyle and want to increase their level of fitness. Furthermore, the advent of wristwatch features like music playing, contactless payments, and smartphone connectivity broadens the gadgets' appeal to a larger market. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rising health and wellness concerns, increasing disposable income, and rising shift towards smartwatches.

Major market players included in this report are:

Garmin Ltd.

Apple Inc.

Fitbit Inc.

Samsung Electronics Co., Ltd.

Polar Electro Oy

Suunto Oy

Timex Group USA, Inc.

Coros Wearables Inc.

Amazfit (Zepp Health)

Huawei Technologies Co., Ltd.

TomTom International BV

Withings

CASIO Computer Co., Ltd.

Fossil Group, Inc.

Xiaomi Corporation

The detailed segments and sub-segment of the market are explained below:

By Type:
  • Pedometer Watches
  • GPS Watches
  • Heart Rate Watches
  • Multi-Sport Watches
By End User:
  • Men
  • Women
By Price Point:
  • Premium
  • Medium
  • Economy
By Distribution Channel:
  • Online Retail
  • Hypermarkets and Supermarkets
  • Specialty Stores
  • Others
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
Latin America
  • Brazil
  • Mexico
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA
Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL RUNNING WATCHES MARKET EXECUTIVE SUMMARY

1.1. Global Running Watches Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type
  1.3.2. By End User
  1.3.3. By Price Point
  1.3.4. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL RUNNING WATCHES MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL RUNNING WATCHES MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increase in health awareness
  3.1.2. Rise in sports participation
  3.1.3. Technological advancements
3.2. Market Challenges
  3.2.1. High initial investment
  3.2.2. Limited accessibility in developing regions
3.3. Market Opportunities
  3.3.1. Customization and personalization
  3.3.2. Integration with smartphones

CHAPTER 4. GLOBAL RUNNING WATCHES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL RUNNING WATCHES MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Running Watches Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Pedometer Watches
  5.2.2. GPS Watches
  5.2.3. Heart Rate Watches
  5.2.4. Multi-Sport Watches

CHAPTER 6. GLOBAL RUNNING WATCHES MARKET SIZE & FORECASTS BY END USER 2022-2032

6.1. Segment Dashboard
6.2. Global Running Watches Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Men
  6.2.2. Women

CHAPTER 7. GLOBAL RUNNING WATCHES MARKET SIZE & FORECASTS BY PRICE POINT 2022-2032

7.1. Segment Dashboard
7.2. Global Running Watches Market: Price Point Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Premium
  7.2.2. Medium
  7.2.3. Economy

CHAPTER 8. GLOBAL RUNNING WATCHES MARKET SIZE & FORECASTS BY DISTRIBUTION CHANNEL 2022-2032

8.1. Segment Dashboard
8.2. Global Running Watches Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Online Retail
  8.2.2. Hypermarkets and Supermarkets
  8.2.3. Specialty Stores
  8.2.4. Others

CHAPTER 9. GLOBAL RUNNING WATCHES MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Running Watches Market
  9.1.1. U.S. Running Watches Market
    9.1.1.1. Type breakdown size & forecasts, 2022-2032
    9.1.1.2. End User breakdown size & forecasts, 2022-2032
    9.1.1.3. Price Point breakdown size & forecasts, 2022-2032
    9.1.1.4. Distribution Channel breakdown size & forecasts, 2022-2032
  9.1.2. Canada Running Watches Market
9.2. Europe Running Watches Market
  9.2.1. UK Running Watches Market
  9.2.2. Germany Running Watches Market
  9.2.3. France Running Watches Market
  9.2.4. Spain Running Watches Market
  9.2.5. Italy Running Watches Market
  9.2.6. Rest of Europe Running Watches Market
9.3. Asia-Pacific Running Watches Market
  9.3.1. China Running Watches Market
  9.3.2. India Running Watches Market
  9.3.3. Japan Running Watches Market
  9.3.4. Australia Running Watches Market
  9.3.5. South Korea Running Watches Market
  9.3.6. Rest of Asia Pacific Running Watches Market
9.4. Latin America Running Watches Market
  9.4.1. Brazil Running Watches Market
  9.4.2. Mexico Running Watches Market
  9.4.3. Rest of Latin America Running Watches Market
9.5. Middle East & Africa Running Watches Market
  9.5.1. Saudi Arabia Running Watches Market
  9.5.2. South Africa Running Watches Market
  9.5.3. Rest of Middle East & Africa Running Watches Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Garmin Ltd.
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Apple Inc.
  10.3.3. Fitbit Inc.
  10.3.4. Samsung Electronics Co., Ltd.
  10.3.5. Polar Electro Oy
  10.3.6. Suunto Oy
  10.3.7. Timex Group USA, Inc.
  10.3.8. Coros Wearables Inc.
  10.3.9. Amazfit (Zepp Health)
  10.3.10. Huawei Technologies Co., Ltd.
  10.3.11. TomTom International BV
  10.3.12. Withings
  10.3.13. CASIO Computer Co., Ltd.
  10.3.14. Fossil Group, Inc.
  10.3.15. Xiaomi Corporation

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Running Watches Market, Report Scope
TABLE 2. Global Running Watches Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Running Watches Market Estimates & Forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Running Watches Market Estimates & Forecasts by End User 2022-2032 (USD Billion)
TABLE 5. Global Running Watches Market Estimates & Forecasts by Price Point 2022-2032 (USD Billion)
TABLE 6. Global Running Watches Market Estimates & Forecasts by Distribution Channel 2022-2032 (USD Billion)
TABLE 7. Global Running Watches Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Running Watches Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. U.S. Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 10. U.S. Running Watches Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 11. Canada Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 12. Canada Running Watches Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 13. UK Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 14. Germany Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 15. France Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 16. Spain Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 17. Italy Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 18. Rest of Europe Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 19. China Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 20. India Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 21. Japan Running Watches Market Estimates & Forecasts, 2022-2032 (USD Billion)
.....
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Running Watches Market, Research Methodology
FIG 2. Global Running Watches Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods.
FIG 4. Global Running Watches Market, Key Trends 2023
FIG 5. Global Running Watches Market, Growth Prospects 2022-2032
FIG 6. Global Running Watches Market, Porter’s 5 Force Model
FIG 7. Global Running Watches Market, PESTEL Analysis
FIG 8. Global Running Watches Market, Value Chain Analysis
FIG 9. Global Running Watches Market by Segment, 2022 & 2032 (USD Billion)
FIG 10. Global Running Watches Market by Segment, 2022 & 2032 (USD Billion)
FIG 11. Global Running Watches Market by Segment, 2022 & 2032 (USD Billion)
FIG 12. Global Running Watches Market by Segment, 2022 & 2032 (USD Billion)
FIG 13. Global Running Watches Market by Segment, 2022 & 2032 (USD Billion)
FIG 14. Global Running Watches Market, Regional Snapshot 2022 & 2032
FIG 15. North America Running Watches Market 2022 & 2032 (USD Billion)
FIG 16. Europe Running Watches Market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Running Watches Market 2022 & 2032 (USD Billion)
FIG 18. Latin America Running Watches Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Running Watches Market 2022 & 2032 (USD Billion)
FIG 20. Global Running Watches Market, Company Market Share Analysis (2023)
.....
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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