Increase in Average Outdoor Outings Per Person Drives the Recreational, Outdoor & Fitness GPS Devices Market
The global market for Recreational, Outdoor and Fitness GPS Devices is projected to reach US$2.2 billion by 2024 , driven by changing trends in lifestyle and social participation favoring outdoor activities and the ensuing increase in average outdoor outings per person. Recreational, outdoor and fitness GPS devices provide information on track routes and stats such as distance, speed, and calorie burns among others. While GPS devices have become integral to efficient sports tracking in recent years, they are also increasingly finding place in various outdoor activities such as hiking and trekking, camping, cycling, paragliding, off-road vehicle events, water sports, and winter sports among others. A key factor driving growth in the market is the rising consumer participation in sports and fitness activities against the backdrop of rising obesity rates and the ensuing focus on weight management and healthy and active lifestyles. The market is set to gain from falling device price...