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PUBLISHER: KBV Research | PRODUCT CODE: 1548816
PUBLISHER: KBV Research | PRODUCT CODE: 1548816
LAMEA Running Watches Market Size, Share & Trends Analysis Report By End User (Men and Women), By Type, By Price Point (Medium, Economy, and Premium), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031
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PAGES: 128 Pages
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The Latin America, Middle East and Africa Running Watches Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Running Watches Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $57.6 million by 2031. The Argentina market will obtain a CAGR of 7.7% during (2024 - 2031). Additionally, The UAE market is registering CAGR of 5.8% during (2024 - 2031).
The social aspect of fitness tracking has also contributed to the growth of the running watches market. Many running watches are compatible with popular fitness apps like Strava, MapMyRun, and Garmin Connect, which allow users to share their workouts, compete with friends, and participate in virtual fitness challenges. Users are motivated and held accountable by this social component, which motivates them to maintain their fitness regimens.
In addition, running watches often include virtual coaching features that provide personalized training plans and real-time feedback during workouts. These capabilities are designed to accommodate a diverse array of users, including novices who require assistance in initiating a running regimen and seasoned athletes who are seeking to optimize their performance.
In South Africa, the growing disposable income of the population is fueling demand for running watches. As the economy gradually recovers, South Africans are increasingly willing to invest in lifestyle and fitness products. According to the Organisation for Economic Co-operation and Development, South Africa's average household net-adjusted disposable income per capita is USD 9,338 a year, providing more financial flexibility for consumers to purchase running watches and other wearable fitness devices. The increasing affordability of these devices, combined with a rising interest in health and fitness, is driving demand across urban areas in South Africa. The running watches market in the country is seeing growth as more individuals invest in wearable technology to support their fitness goals and improve their health. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
Based on End User, the market is segmented into Men and Women. Based on Type, the market is segmented into Heart Rate Watches, Pedometer Watches, GPS Watches, and Multi Sport Watches. Based on Price Point, the market is segmented into Medium, Economy, and Premium. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, Online Retail, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Garmin Ltd.
- Apple, Inc.
- Fitbit, Inc. (Google LLC)
- Samsung Electronics Co. Ltd
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Nokia Corporation
- Xiaomi Corporation
- TomTom N.V.
- Polar Electro Oy
- Suunto Oy
LAMEA Running Watches Market Report Segmentation
By End User
- Men
- Women
By Type
- Heart Rate Watches
- Pedometer Watches
- GPS Watches
- Multi Sport Watches
By Price Point
- Medium
- Economy
- Premium
By Distribution Channel
- Hypermarkets & Supermarkets
- Specialty Stores
- Online Retail
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Running Watches Market, by End User
- 1.4.2 LAMEA Running Watches Market, by Type
- 1.4.3 LAMEA Running Watches Market, by Price Point
- 1.4.4 LAMEA Running Watches Market, by Distribution Channel
- 1.4.5 LAMEA Running Watches Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. LAMEA Running Watches Market by End User
- 4.1 LAMEA Men Market by Country
- 4.2 LAMEA Women Market by Country
Chapter 5. LAMEA Running Watches Market by Type
- 5.1 LAMEA Heart Rate Watches Market by Country
- 5.2 LAMEA Pedometer Watches Market by Country
- 5.3 LAMEA GPS Watches Market by Country
- 5.4 LAMEA Multi Sport Watches Market by Country
Chapter 6. LAMEA Running Watches Market by Price Point
- 6.1 LAMEA Medium Market by Country
- 6.2 LAMEA Economy Market by Country
- 6.3 LAMEA Premium Market by Country
Chapter 7. LAMEA Running Watches Market by Distribution Channel
- 7.1 LAMEA Hypermarkets & Supermarkets Market by Country
- 7.2 LAMEA Specialty Stores Market by Country
- 7.3 LAMEA Online Retail Market by Country
- 7.4 LAMEA Others Market by Country
Chapter 8. LAMEA Running Watches Market by Country
- 8.1 Brazil Running Watches Market
- 8.1.1 Brazil Running Watches Market by End User
- 8.1.2 Brazil Running Watches Market by Type
- 8.1.3 Brazil Running Watches Market by Price Point
- 8.1.4 Brazil Running Watches Market by Distribution Channel
- 8.2 Argentina Running Watches Market
- 8.2.1 Argentina Running Watches Market by End User
- 8.2.2 Argentina Running Watches Market by Type
- 8.2.3 Argentina Running Watches Market by Price Point
- 8.2.4 Argentina Running Watches Market by Distribution Channel
- 8.3 UAE Running Watches Market
- 8.3.1 UAE Running Watches Market by End User
- 8.3.2 UAE Running Watches Market by Type
- 8.3.3 UAE Running Watches Market by Price Point
- 8.3.4 UAE Running Watches Market by Distribution Channel
- 8.4 Saudi Arabia Running Watches Market
- 8.4.1 Saudi Arabia Running Watches Market by End User
- 8.4.2 Saudi Arabia Running Watches Market by Type
- 8.4.3 Saudi Arabia Running Watches Market by Price Point
- 8.4.4 Saudi Arabia Running Watches Market by Distribution Channel
- 8.5 South Africa Running Watches Market
- 8.5.1 South Africa Running Watches Market by End User
- 8.5.2 South Africa Running Watches Market by Type
- 8.5.3 South Africa Running Watches Market by Price Point
- 8.5.4 South Africa Running Watches Market by Distribution Channel
- 8.6 Nigeria Running Watches Market
- 8.6.1 Nigeria Running Watches Market by End User
- 8.6.2 Nigeria Running Watches Market by Type
- 8.6.3 Nigeria Running Watches Market by Price Point
- 8.6.4 Nigeria Running Watches Market by Distribution Channel
- 8.7 Rest of LAMEA Running Watches Market
- 8.7.1 Rest of LAMEA Running Watches Market by End User
- 8.7.2 Rest of LAMEA Running Watches Market by Type
- 8.7.3 Rest of LAMEA Running Watches Market by Price Point
- 8.7.4 Rest of LAMEA Running Watches Market by Distribution Channel
Chapter 9. Company Profiles
- 9.1 Apple, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 SWOT Analysis
- 9.2 Garmin Ltd.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Fitbit, Inc (Google LLC)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 Samsung Electronics Co., Ltd. (Samsung Group)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 SWOT Analysis
- 9.6 Nokia Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
- 9.7 Xiaomi Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
- 9.8 TomTom N.V.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.9 Polar Electro Oy
- 9.9.1 Company Overview
- 9.10. Suunto Oy
- 9.10.1 Company Overview
LIST OF TABLES
- TABLE 1 LAMEA Running Watches Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Running Watches Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 4 LAMEA Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 5 LAMEA Men Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Men Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA Women Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA Women Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 10 LAMEA Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 11 LAMEA Heart Rate Watches Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Heart Rate Watches Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Pedometer Watches Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Pedometer Watches Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA GPS Watches Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA GPS Watches Market by Country, 2024 - 2031, USD Million
- TABLE 17 LAMEA Multi Sport Watches Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Multi Sport Watches Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 20 LAMEA Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 21 LAMEA Medium Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Medium Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Economy Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA Economy Market by Country, 2024 - 2031, USD Million
- TABLE 25 LAMEA Premium Market by Country, 2020 - 2023, USD Million
- TABLE 26 LAMEA Premium Market by Country, 2024 - 2031, USD Million
- TABLE 27 LAMEA Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 28 LAMEA Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 29 LAMEA Hypermarkets & Supermarkets Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Hypermarkets & Supermarkets Market by Country, 2024 - 2031, USD Million
- TABLE 31 LAMEA Specialty Stores Market by Country, 2020 - 2023, USD Million
- TABLE 32 LAMEA Specialty Stores Market by Country, 2024 - 2031, USD Million
- TABLE 33 LAMEA Online Retail Market by Country, 2020 - 2023, USD Million
- TABLE 34 LAMEA Online Retail Market by Country, 2024 - 2031, USD Million
- TABLE 35 LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 36 LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 37 LAMEA Running Watches Market by Country, 2020 - 2023, USD Million
- TABLE 38 LAMEA Running Watches Market by Country, 2024 - 2031, USD Million
- TABLE 39 Brazil Running Watches Market, 2020 - 2023, USD Million
- TABLE 40 Brazil Running Watches Market, 2024 - 2031, USD Million
- TABLE 41 Brazil Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 42 Brazil Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 43 Brazil Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 44 Brazil Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 45 Brazil Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 46 Brazil Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 47 Brazil Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 48 Brazil Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 49 Argentina Running Watches Market, 2020 - 2023, USD Million
- TABLE 50 Argentina Running Watches Market, 2024 - 2031, USD Million
- TABLE 51 Argentina Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 52 Argentina Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 53 Argentina Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 54 Argentina Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 55 Argentina Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 56 Argentina Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 57 Argentina Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 58 Argentina Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 59 UAE Running Watches Market, 2020 - 2023, USD Million
- TABLE 60 UAE Running Watches Market, 2024 - 2031, USD Million
- TABLE 61 UAE Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 62 UAE Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 63 UAE Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 64 UAE Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 65 UAE Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 66 UAE Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 67 UAE Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 68 UAE Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 69 Saudi Arabia Running Watches Market, 2020 - 2023, USD Million
- TABLE 70 Saudi Arabia Running Watches Market, 2024 - 2031, USD Million
- TABLE 71 Saudi Arabia Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 72 Saudi Arabia Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 73 Saudi Arabia Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 74 Saudi Arabia Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 75 Saudi Arabia Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 76 Saudi Arabia Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 77 Saudi Arabia Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 78 Saudi Arabia Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 79 South Africa Running Watches Market, 2020 - 2023, USD Million
- TABLE 80 South Africa Running Watches Market, 2024 - 2031, USD Million
- TABLE 81 South Africa Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 82 South Africa Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 83 South Africa Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 84 South Africa Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 85 South Africa Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 86 South Africa Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 87 South Africa Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 88 South Africa Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 89 Nigeria Running Watches Market, 2020 - 2023, USD Million
- TABLE 90 Nigeria Running Watches Market, 2024 - 2031, USD Million
- TABLE 91 Nigeria Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 92 Nigeria Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 93 Nigeria Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 94 Nigeria Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 95 Nigeria Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 96 Nigeria Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 97 Nigeria Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 98 Nigeria Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 99 Rest of LAMEA Running Watches Market, 2020 - 2023, USD Million
- TABLE 100 Rest of LAMEA Running Watches Market, 2024 - 2031, USD Million
- TABLE 101 Rest of LAMEA Running Watches Market by End User, 2020 - 2023, USD Million
- TABLE 102 Rest of LAMEA Running Watches Market by End User, 2024 - 2031, USD Million
- TABLE 103 Rest of LAMEA Running Watches Market by Type, 2020 - 2023, USD Million
- TABLE 104 Rest of LAMEA Running Watches Market by Type, 2024 - 2031, USD Million
- TABLE 105 Rest of LAMEA Running Watches Market by Price Point, 2020 - 2023, USD Million
- TABLE 106 Rest of LAMEA Running Watches Market by Price Point, 2024 - 2031, USD Million
- TABLE 107 Rest of LAMEA Running Watches Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 108 Rest of LAMEA Running Watches Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 109 Key Information - Apple, Inc.
- TABLE 110 Key Information - Garmin Ltd.
- TABLE 111 Key Information - Fitbit, Inc.
- TABLE 112 Key Information - Samsung Electronics Co., Ltd.
- TABLE 113 Key Information - Huawei Technologies Co., Ltd.
- TABLE 114 Key Information - Nokia Corporation
- TABLE 115 Key Information - Xiaomi Corporation
- TABLE 116 Key information - TomTom N.V.
- TABLE 117 Key Information - Polar Electro Oy
- TABLE 118 Key Information - Suunto Oy
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