London, 22 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global hydration belts market 2015-2019, which is expected to grow at a CAGR of 3.71% during the period 2014-2019.
Attractive marketing of running events and various online running discussion portals is enabling the growth in the participation rate. Consequently, companies have also started to adopt marketing strategies incorporating social media.
“The manufacturers are continuously innovating in terms of materials, durability, weight, and quality. There is greater emphasis on reducing the size of hydration belts especially for long-duration running activities,” says Faisal Ghaus, Vice President of Technavio.
“Increased emphasis on healthy lifestyles and continuous efforts to strike a balance between work and leisure has propelled the demand for some outdoor sports activity.”
Key Market Drivers
- Rise in running population
- Rise in multiyear partnerships
- Rise in disposable income levels
- Influence of social media
Key Market Trends
- Advances in technology
- Digital consumerism
- Increased awareness of healthy lifestyles
Key Market Vendors
- Amphipod Inc.
- FuelBelt Inc.
- Nathan Sports Inc.
- Ultimate Direction
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Hydration Belts Market 2015-2019, please send an e-mail to media@TechNavio.com.
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