According to a new report, published by KBV research, The Global Running Watches Market size is expected to reach $2.7 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period.
The Men segment is generating the highest revenue in the Global Running Watches Market by End User in 2023; thereby, achieving a market value of $1.5 billion by 2031. The demand for advanced running timepieces is driven by the increased participation rates of men in outdoor sports, running, and fitness activities, which in turn contribute to this dominant share. Men's preferences for more feature-rich devices, such as multi-sport and GPS-enabled watches with performance-tracking capabilities, have contributed to the segment's strong market position.
The Pedometer Watches segment is experiencing a CAGR of 5.5% during (2024 - 2031). These watches, which primarily focus on tracking steps and basic activity levels, remain appealing to consumers who prefer simpler, more affordable fitness tracking solutions. Pedometer watches have gained traction among those who want to monitor their daily physical activity without investing in more expensive, feature-rich devices.
The Medium segment is leading the Global Running Watches Market by Price Point in 2023; thereby, achieving a market value of $1.1 billion by 2031. This segment, often characterized by a balance between affordability and advanced features, has become increasingly popular among a broad demographic of fitness enthusiasts. Medium-priced running watches typically offer a solid range of features, such as GPS tracking, heart rate monitoring, and smart notifications, without the steep price tag associated with premium models.
The Specialty Stores segment is exhibiting a CAGR of 5.1% during (2024 - 2031). Specialty stores, which focus on sports, fitness, and technology products, offer a curated selection of running watches, catering specifically to fitness enthusiasts and athletes seeking expert advice. These stores typically offer a more personalized shopping experience and carry premium models. A knowledgeable staff can assist customers in selecting the appropriate running watch for their requirements.
Full Report: https://www.kbvresearch.com/running-watches-market/
The North America region dominated the Global Running Watches Market by Region in 2023; thereby, achieving a market value of $939.3 million by 2031. The Europe region is anticipated to grow at a CAGR of 5.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 5.9% during (2024 - 2031).
By End User
By Type
By Price Point
By Distribution Channel
By Geography
Unique Offerings 
