RunSignup reported strong company growth in 2022 and an encouraging sign that the endurance market is strengthening. Compared to 2019, the pre-pandemic baseline, the number of registrations on its platform grew 20 percent while the total transaction dollars jumped 47 percent.
RunSignup’s growth comes as the endurance market continues to see a decline from 2019 participation levels. On average, endurance events with more than 500 participants have seen a 15 percent decrease in race participation in 2022 compared to 2019, with larger races hit the hardest by rising costs and travel limitations.
RunSignup’s growth in 2022 indicated an increase in total market share and new emerging races.
RunSignup Founder and CEO Bob Bickel said, “While re-growth in the endurance industry has been slow, we continue to see gradual improvement. As a company, we are focused on helping races to return to their previous participation levels and increasing market share by providing the best technology at a lower price.”
