Lap Timers Market
Lap Timers Market Analysis By Type (Manual Lap Timers, Digital Lap Timers), By End Use (Car Sports, Motorcycle Sports), By Sales Channel (Offline, Online) - Global Forecast 2022 to 2032
Analysis of Lap Timers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lap Timers Market Outlook (2022 to 2032)
The global lap timers market has reached a size of US$ 197 million in 2022 and is forecast to climb to a market valuation of US$ 345 million by the end of 2032, expanding at a healthy CAGR of 5.7% between 2022 and 2032.
Demand for track lap timers is driven by their accuracy and efficiency while measuring several parameters that are later used to enhance driver performance. Consumers are focusing more on track data analysis and predictive lap timing as compared to the other dynamics of the product.
| Report Attributes | Details |
|---|---|
| Lap timers Market Size (2021A) | US$ 188 Million |
| Estimated Market Value (2022E) | US$ 197 Million |
| Forecasted Market Value (2032F) | US$ 345 Million |
| Global Market Growth Rate (2022 to 2032) | 5.7% CAGR |
| Europe Market Share (2021) | ~31.3% |
| Europe Market Growth Rate (2022 to 2032) | 6.5% CAGR |
| Germany Market Growth Rate (2022 to 2032) | 7.2% CAGR |
| Market Share of Top 5 Companies | ~52.5% |
| Key Companies Profiled | Aim Technologies Group; Garmin Ltd.; Racelogic; KSR Parts Ltd.; Unipro ApS; Sumomoto; Speed Angle; Starlane srl; Koso |
The market is anticipated to observe tremendous growth in the long term because of technological innovations introduced in the manufacturing of motorcycle lap timers, particularly for real-time data analysis.
Consumers are demanding products that have more features to ensure optimal performance while driving, and this can only be achieved when manufacturers use poka-yoke techniques that usually prevent mistakes or errors while manufacturing a high-performance product.
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Sales Analysis of Lap Timers (2017 to 2021) Vs. Market Outlook (2022 to 2032)
Latest market analysis by Fact.MR, a market research and competitive analysis provider, states that the market value for lap timers increased at a CAGR of around 2.1% between 2017 and 2021 and is predicted to progress at a healthy CAGR of 5.7% through 2032.
Optimization is the key to survival in a dynamic market, and to enhance the product, manufacturers are adding customization options for consumers. Every industry has its own requirements, and, as such, suppliers have customized their products according to their needs.
For instance, motorcycle sports requirements are different than car sports industry requirements, as, in Formula 1, lap timers analyse the whole ecosystem of a car’s performance, whereas, in motocross, only the time duration and engine capabilities are measured.
Companies are also ensuring the durability of the product; for example, in off-road racing, the product has to sustain several unbalanced forces.
Why is Demand for Lap Timers Increasing Steadily across the World?
“Designs & Technology Rapidly Evolving in Lap Timers”
The latest designs in dirt bike lap timers have tremendously increased sports professional efficiency by capturing real-time data. Manufacturers are focusing on new designs and continuous investments in research and development in performance measuring devices.
Innovation is successfully merging existing designs with futuristic technology. In terms of aesthetics, companies are designing products according to industry needs, such as lap timers that are light and compatible with Formula 1 racing.
Another factor that has propelled lap timer demand is that manufacturers are diversifying their product lines for different sports where they have a pool of choices in terms of technology. Nowadays, products are not restricted to a particular segment, and demand for lap timer accessories such as power cables, connectors, and mounting brackets is growing at a tremendous pace because of design development, which provides physical ease and relaxation while using the product.
Companies such as Garmin and Aim technologies are refining their existing products with improved designs and features. Digital lap timers have multifarious functions and sports car manufacturers such as Ferrari, Ford, and BMW are encouraging new market players to penetrate regional markets.
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Country-Wise Analysis
Why is Germany a Lucrative Market for the Sales of Lap Timers?
The German motorsport industry is continuously evolving and has achieved a remarkable status in the European region. Germany currently accounts for US$ 16 million and utilizes 41 thousand units of lap timers.
The German sports industry is recognised as a centre for agile and advanced manufacturing, technological leaders, high-level skill, and valuable service solutions. Automotive OEMs and leading motorsport companies are focused on the development of modern devices and racing vehicles through strategic partnerships with lap timer manufacturers.
Europe is anticipated to remain a prominent growth generator in the lap timers market during the forecast. The European market is anticipated to expand at a CAGR of 6.5% to reach US$ 116 million, with the sales of digital lap timers anticipated to increase at a CAGR of 6% in the region.
How is the U.S. Lap timers Market Progressing?
The United States is enjoying a rapid increase in the popularity of Formula -1 and Moto GP racing. According to ESPN, on average, 946,000 viewers watch Formula 1 racing around the globe, and that is 41% up from 2020, with the U.S. enjoying a fair share.
The U.S. lap timers market is estimated to reach the mark of US$ 38 million by 2022 and is expected to grow with a CAGR of around 6.1% over the next decade.
Prime players of lap timers are setting up manufacturing facilities as well as franchised stores in the U.S. Companies also focusing on e-Commerce platforms, which, in turn, will act as a growth driver for lap timer sales over the decade.
Category-Wise Analysis
Will Car Sports Continue Accounting for Higher Sales of Lap Timers?
The car sports segment is anticipated to expand at 5.6% CAGR during the assessment period.
Automakers in Europe are focusing on aesthetic designs to increase vehicle efficiency, and to accomplish this, they use a combination of aerodynamics and performance-enhancement devices, which ultimately improve overall user experience on the race track and at major racing events.
However, an increase in sports activities has been observed over just 10 years, which has led to the demand growth for performance measuring devices. Simultaneously, digital lap timers have shown tremendous growth potential due to their abundant use by racing professionals across the world.
Will the Benefits of Digital Lap Timers Keep Driving Their Consumption?
The digital lap timers market is anticipated to be most profitable over the coming years. Digital lap timers currently account for 82.5% market share and the segment is estimated to generate US$ 162 million in value by the end of 2022. The digital lap timers segment is expected to create an absolute dollar opportunity of US$ 156 million by 2032.
Demand for manual lap timers is also gaining traction due to enhanced symmetrical designs that have been improved over the years.
Motorbike lap timers come at various price ranges, are more durable & reliable, and provide more accuracy while analysing track data as compared to traditional data analysing software and tools.
In the North American region, NASCAR professionals use digital lap timers because they give direct instructions to drivers while racing and provide real-time data, which has become a necessity at race tracks.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competition Landscape
Garmin Ltd., Aim Technologies group, Racelogic, Unipro ApS, KSR Parts Ltd., Sumomoto, Speed Angle, Starlane srl, and Koso are some of the top companies in the lap timers market.
Lap timers brands from the top two tiers have started using python script lap timer products and customizing them according to user requirements. As such, the integration of advanced technology in lap timers increases product efficiency. Prime manufacturers are also focusing on an effective supply chain system to increase their overall profits.
Fact.MR has provided detailed information about the overall strategies adopted by lap timer manufacturers, along with their detailed overviews, including SWOT analysis and sales generated from target sports that use digital lap timers positioned across geographies.
Key Segments Covered in Lap Timers Industry Research
-
By Product Type :
- Manual Lap Timers
- Digital Lap Timers
-
By End Use :
- Car Sports
- Off-road Racing
- Formula 1
- Motor Racing
- Kart Racing
- Drag Racing
- Motorcycle Sports
- Moto GP
- Motocross
- Downhill
- Car Sports
-
By Sales Channel :
- Offline Sales of Lap Timers
- Franchised Sports Outlets
- Independent Sports Outlets
- Online Sales of Lap Timers
- e-Commerce Websites
- Company Websites
- Offline Sales of Lap Timers
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market: Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (‘000 Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ Mn) Analysis and Forecast
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
- 7.1. Manual
- 7.2. Digital
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use
- 8.1. By Car Sports
- 8.1.1. Off-road Racing
- 8.1.2. Motor Racing
- 8.1.3. Formula-1
- 8.1.4. Kart Racing
- 8.1.5. Drag Race
- 8.2. By Motorcycle Sports
- 8.2.1. Moto-GP
- 8.2.2. Motocross
- 8.2.3. Downhill
- 8.1. By Car Sports
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel
- 9.1. Offline
- 9.1.1. Franchised Sports Outlet
- 9.1.2. Independent Sports Outlet
- 9.2. Online
- 9.2.1. E-commerce websites
- 9.2.2. Company Websites
- 9.1. Offline
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia and Oceania
- 10.6. Middle East and Africa
- 11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. SAO Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. MEA Market Analysis 2017 to 2021and Forecast 2022 to 2032
- 17. Key Countries Market Analysis 2017 to 2021and Forecast 2022 to 2032
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. Aim Technologies Group
- 19.2. Garmin Ltd.
- 19.3. Racelogic
- 19.4. KSR Parts Ltd.
- 19.5. Unipro ApS
- 19.6. Sumomoto
- 19.7. Speed Angle
- 19.8. Starlane srl
- 19.9. Koso
- 19.10. Other Prominent Players (On Additional Request)
- 20. Assumptions & Acronyms
- 21. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Table 02: Global Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Table 03: Global Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 04: Global Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 05: Global Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Table 06: Global Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Table 07: Global Market Volume (‘000 Units) and Forecast By Region, 2018 to 2032
Table 08: Global Market Value (US$ Mn) and Forecast By Region, 2018 to 2032
Table 09: North America Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Table 10: North America Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Table 11: North America Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 12: North America Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 13: North America Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Table 14: North America Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Table 15: North America Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Table 16: North America Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 17: Latin America Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Table 18: Latin America Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Table 19: Latin America Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 20: Latin America Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 21: Latin America Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 22: Latin America Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 23: Latin America Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Table 24: Latin America Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 25: Europe Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Table 26: Europe Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Table 27: Europe Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 28: Europe Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 29: Europe Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 30: Europe Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 31: Europe Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Table 32: Europe Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 33: East Asia Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Table 34: East Asia Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Table 35: East Asia Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 36: East Asia Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 37: East Asia Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 38: East Asia Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 39: East Asia Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Table 40: East Asia Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 41: SAO Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Table 42: SAO Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Table 43: SAO Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 44: SAO Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 45: SAO Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 46: SAO Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 47: SAO Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Table 48: SAO Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 49: MEA Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Table 50: MEA Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Table 51: MEA Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 52: MEA Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 53: MEA Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Table 54: MEA Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Table 55: MEA Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Table 56: MEA Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 02: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 03: Global Market incremental $ opportunity, 2020 to 2032
Figure 04: Global Market Share Forecast By Type, 2022 and 2032
Figure 05: Global Market Y-o-Y Growth Rate By Type, 2018 to 2032
Figure 06: Global Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Figure 07: Global Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Figure 08: Global Market Attractiveness Analysis By Type, 2022 to 2032
Figure 09: Global Market Share Forecast By End-Use, 2022 and 2032
Figure 10: Global Market Y-o-Y Growth Rate By End-Use, 2018 to 2032
Figure 11: Global Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Figure 12: Global Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Figure 13: Global Market Attractiveness Analysis By End-Use, 2022 to 2032
Figure 14: Global Market Share Forecast By Sales Channel, 2022 and 2032
Figure 15: Global Market Y-o-Y Growth Rate By Sales Channel, 2018 to 2032
Figure 16: Global Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Figure 17: Global Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Figure 18: Global Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 19: Global Market Share Forecast By Region, 2022 and 2032
Figure 20: Global Market Y-o-Y Growth Rate By Region, 2018 to 2032
Figure 21: Global Market Volume (‘000 Units) and Forecast By Region, 2018 to 2032
Figure 22: Global Market Value (US$ Mn) and Forecast By Region, 2018 to 2032
Figure 23: Global Market Attractiveness Analysis By Region, 2022 to 2032
Figure 24: North America Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 25: North America Market Share Forecast By Type, 2022 and 2032
Figure 26: North America Market Y-o-Y Growth Rate By Type, 2018 to 2032
Figure 27: North America Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Figure 28: North America Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Figure 29: North America Market Attractiveness Analysis By Type, 2022 to 2032
Figure 30: North America Market Share Forecast By End-Use, 2022 and 2032
Figure 31: North America Market Y-o-Y Growth Rate By End-Use, 2018 to 2032
Figure 32: North America Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Figure 33: North America Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Figure 34: North America Market Attractiveness Analysis By End-Use, 2022 to 2032
Figure 35: North America Market Share Forecast By Sales Channel, 2022 and 2032
Figure 36: North America Market Y-o-Y Growth Rate By Sales Channel, 2018 to 2032
Figure 37: North America Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Figure 38: North America Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Figure 39: North America Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 40: North America Market Share Forecast By Country, 2022 and 2032
Figure 41: North America Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 42: North America Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Figure 43: North America Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 44: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 45: North America Market Incremental $ opportunity by Country, 2020 to 2032
Figure 46: Latin America Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 47: Latin America Market Share Forecast By Type, 2022 and 2032
Figure 48: Latin America Market Y-o-Y Growth Rate By Type, 2018 to 2032
Figure 49: Latin America Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Figure 50: Latin America Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Figure 51: Latin America Market Attractiveness Analysis By Type, 2022 to 2032
Figure 52: Latin America Market Share Forecast By End-Use, 2022 and 2032
Figure 53: Latin America Market Y-o-Y Growth Rate By End-Use, 2018 to 2032
Figure 54: Latin America Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Figure 55: Latin America Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Figure 56: Latin America Market Attractiveness Analysis By End-Use, 2022 to 2032
Figure 57: Latin America Market Share Forecast By Sales Channel, 2022 and 2032
Figure 58: Latin America Market Y-o-Y Growth Rate By Sales Channel, 2018 to 2032
Figure 59: Latin America Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Figure 60: Latin America Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Figure 61: Latin America Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 62: Latin America Market Share Forecast By Country, 2022 and 2032
Figure 63: Latin America Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 64: Latin America Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Figure 65: Latin America Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 66: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 67: Latin America Market Incremental $ opportunity by Country, 2020 to 2032
Figure 68: Europe Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 69: Europe Market Share Forecast By Type, 2022 and 2032
Figure 70: Europe Market Y-o-Y Growth Rate By Type, 2018 to 2032
Figure 71: Europe Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Figure 72: Europe Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Figure 73: Europe Market Attractiveness Analysis By Type, 2022 to 2032
Figure 74: Europe Market Share Forecast By End-Use, 2022 and 2032
Figure 75: Europe Market Y-o-Y Growth Rate By End-Use, 2018 to 2032
Figure 76: Europe Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Figure 77: Europe Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Figure 78: Europe Market Attractiveness Analysis By End-Use, 2022 to 2032
Figure 79: Europe Market Share Forecast By Sales Channel, 2022 and 2032
Figure 80: Europe Market Y-o-Y Growth Rate By Sales Channel, 2018 to 2032
Figure 81: Europe Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Figure 82: Europe Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Figure 83: Europe Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 84: Europe Market Share Forecast By Country, 2022 and 2032
Figure 85: Europe Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 86: Europe Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Figure 87: Europe Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 88: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 89: Europe Market Incremental $ opportunity by Country, 2020 to 2032
Figure 90: East Asia Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 91: East Asia Market Share Forecast By Type, 2022 and 2032
Figure 92: East Asia Market Y-o-Y Growth Rate By Type, 2018 to 2032
Figure 93: East Asia Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Figure 94: East Asia Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Figure 95: East Asia Market Attractiveness Analysis By Type, 2022 to 2032
Figure 96: East Asia Market Share Forecast By End-Use, 2022 and 2032
Figure 97: East Asia Market Y-o-Y Growth Rate By End-Use, 2018 to 2032
Figure 98: East Asia Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Figure 99: East Asia Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Figure 100: East Asia Market Attractiveness Analysis By End-Use, 2022 to 2032
Figure 101: East Asia Market Share Forecast By Sales Channel, 2022 and 2032
Figure 102: East Asia Market Y-o-Y Growth Rate By Sales Channel, 2018 to 2032
Figure 103: East Asia Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Figure 104: East Asia Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Figure 105: East Asia Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 106: East Asia Market Share Forecast By Country, 2022 and 2032
Figure 107: East Asia Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 108: East Asia Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Figure 109: East Asia Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 110: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 111: East Asia Market Incremental $ opportunity by Country, 2020 to 2032
Figure 112: SAO Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 113: SAO Market Share Forecast By Type, 2022 and 2032
Figure 114: SAO Market Y-o-Y Growth Rate By Type, 2018 to 2032
Figure 115: SAO Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Figure 116: SAO Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Figure 117: SAO Market Attractiveness Analysis By Type, 2022 to 2032
Figure 118: SAO Market Share Forecast By End-Use, 2022 and 2032
Figure 119: SAO Market Y-o-Y Growth Rate By End-Use, 2018 to 2032
Figure 120: SAO Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Figure 121: SAO Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Figure 122: SAO Market Attractiveness Analysis By End-Use, 2022 to 2032
Figure 123: SAO Market Share Forecast By Sales Channel, 2022 and 2032
Figure 124: SAO Market Y-o-Y Growth Rate By Sales Channel, 2018 to 2032
Figure 125: SAO Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Figure 126: SAO Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Figure 127: SAO Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 128: SAO Market Share Forecast By Country, 2022 and 2032
Figure 129: SAO Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 130: SAO Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Figure 131: SAO Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 132: SAO Market Attractiveness Analysis by Country, 2022 to 2032
Figure 133: SAO Market Incremental $ opportunity by Country, 2020 to 2032
Figure 134: MEA Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 135: MEA Market Share Forecast By Type, 2022 and 2032
Figure 136: MEA Market Y-o-Y Growth Rate By Type, 2018 to 2032
Figure 137: MEA Market Volume (‘000 Units) and Forecast By Type, 2018 to 2032
Figure 138: MEA Market Value (US$ Mn) and Forecast By Type, 2018 to 2032
Figure 139: MEA Market Attractiveness Analysis By Type, 2022 to 2032
Figure 140: MEA Market Share Forecast By End-Use, 2022 and 2032
Figure 141: MEA Market Y-o-Y Growth Rate By End-Use, 2018 to 2032
Figure 142: MEA Market Volume (‘000 Units) and Forecast By End-Use, 2018 to 2032
Figure 143: MEA Market Value (US$ Mn) and Forecast By End-Use, 2018 to 2032
Figure 144: MEA Market Attractiveness Analysis By End-Use, 2022 to 2032
Figure 145: MEA Market Share Forecast By Sales Channel, 2022 and 2032
Figure 146: MEA Market Y-o-Y Growth Rate By Sales Channel, 2018 to 2032
Figure 147: MEA Market Volume (‘000 Units) and Forecast By Sales Channel, 2018 to 2032
Figure 148: MEA Market Value (US$ Mn) and Forecast By Sales Channel, 2018 to 2032
Figure 149: MEA Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 150: MEA Market Share Forecast By Country, 2022 and 2032
Figure 151: MEA Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 152: MEA Market Volume (‘000 Units) and Forecast By Country, 2018 to 2032
Figure 153: MEA Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 154: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 155: MEA Market Incremental $ opportunity by Country, 2020 to 2032
Figure 156: US Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 157: US Market Value, By Type, 2022 & 2032
Figure 158: US Market Value, By End-Use, 2022 & 2032
Figure 159: US Market Value, By Sales Channel, 2022 & 2032
Figure 160: Canada Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 161: Canada Market Value, By Type, 2022 & 2032
Figure 162: Canada Market Value, By End-Use, 2022 & 2032
Figure 163: Canada Market Value, By Sales Channel, 2022 & 2032
Figure 164: Mexico Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 165: Mexico Market Value, By Type, 2022 & 2032
Figure 166: Mexico Market Value, By End-Use, 2022 & 2032
Figure 167: Mexico Market Value, By Sales Channel, 2022 & 2032
Figure 168: Brazil Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 169: Brazil Market Value, By Type, 2022 & 2032
Figure 170: Brazil Market Value, By End-Use, 2022 & 2032
Figure 171: Brazil Market Value, By Sales Channel, 2022 & 2032
Figure 172: Germany Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 173: Germany Market Value, By Type, 2022 & 2032
Figure 174: Germany Market Value, By End-Use, 2022 & 2032
Figure 175: Germany Market Value, By Sales Channel, 2022 & 2032
Figure 176: France Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 177: France Market Value, By Type, 2022 & 2032
Figure 178: France Market Value, By End-Use, 2022 & 2032
Figure 179: France Market Value, By Sales Channel, 2022 & 2032
Figure 180: Italy Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 181: Italy Market Value, By Type, 2022 & 2032
Figure 182: Italy Market Value, By End-Use, 2022 & 2032
Figure 183: Italy Market Value, By Sales Channel, 2022 & 2032
Figure 184: Spain Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 185: Spain Market Value, By Type, 2022 & 2032
Figure 186: Spain Market Value, By End-Use, 2022 & 2032
Figure 187: Spain Market Value, By Sales Channel, 2022 & 2032
Figure 188: UK Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 189: UK Market Value, By Type, 2022 & 2032
Figure 190: UK Market Value, By End-Use, 2022 & 2032
Figure 191: UK Market Value, By Sales Channel, 2022 & 2032
Figure 192: China Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 193: China Market Value, By Type, 2022 & 2032
Figure 194: China Market Value, By End-Use, 2022 & 2032
Figure 195: China Market Value, By Sales Channel, 2022 & 2032
Figure 196: India Market Value (US$ Mn), Volume (‘000 Units) Forecast and Analysis, 2022 to 2032
Figure 197: India Market Value, By Type, 2022 & 2032
Figure 198: India Market Value, By End-Use, 2022 & 2032
Figure 199: India Market Value, By Sales Channel, 2022 & 2032
Know thy Competitors
Competitive landscape highlights only certain players
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- FAQs -
How is the global lap timers market evolving?
The global lap timers market is valued at US$ 197 million and is expected to increase at 5.7% CAGR through 2032.
Which type of lap timers are more popular in the market?
Digital lap timers account for high demand over other types due to their high accuracy.
How did the market fare over the past half-decade?
The lap timers market expanded at a CAGR of around 2.1% between 2017 and 2021.
What are the prominent trends in the market?
Key manufacturers of lap timers are involved in strategic partnerships with sports car manufacturers along with the development of products to be used at high speed, lightweight, and compact.
Who are the leading manufacturers of lap timers?
Top companies manufacturing lap timers are Garmin Ltd., Aim Technologies group, Racelogic, Unipro ApS, KSR Parts Ltd., Sumomoto, Speed Angle, Starlane srl, and Koso.
What share of the market is captured by the European region?
The European market is estimated to account for approximately 31.4% market share in 2022.
Lap Timers Market