Theglobal 'fitness trackermarket size‘ is expected to reach USD 91.98 billion by 2027, exhibiting aCAGR of 15.2% during the forecast period. The rising adoption of wearabledevices among the young population will significantly bolster healthy growth ofthe market, states Fortune Business Insights, in a report, titled “FitnessTracker Market Size, Share &COVID-19 Impact Analysis, By Device Type (SmartWatches, Fitness Bands, Smart Glasses, Smart Clothing, and Others), ByApplication (Heart Rate Tracking, Sleep Measurement, Glucose Measurement,Sports, Running, Cycling Tracking), By Distribution Channel (Online, Retail,and Others), and Regional Forecast, 2020-2027” the market size stood at USD30.41 billion in 2019.
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The report fitness tracker market comprises:
- Through analysis of the industry
- Key insights into the market
- Latest market trends and developments
- Crucial information on COVID-19
- Present and future market values
Frequently Ask Question :
1) How much is the fitness trackermarket worth?
Fortune Business Insights says that the global fitness trackermarket size was USD 30.41 billion in 2019 and is projected to reach USD 91.98billion by 2027.
2) What was the value of themarket in North America in 2019?
In 2019, the North America market value stood at USD 14.57 billion.
3) At what CAGR is the marketprojected to grow in the forecast period (2020-2027)?
Themarket is expected to grow at a CAGR of 15.2% during the forecast period(2020-2027).
Preferencefor Fitness During Pandemic toPositivelySway Market
Theoccurrence of COVID-19 has caused disturbance to the business of fitnesstrackers because of the interruption triggered in manufacturing, production,shipment, and sales of these products. However, the ongoing development oftechnologically advanced products by OEMs will cater to the demand for fitnessamid the coronavirus epidemic. For Instance, Fitbit announced the launch of aninnovative tracker, Fitbit Charge 4. The new device will assist and offersupport to customers at home during this time. Moreover, Fitbit is alsoproviding a free 90-day trial and access to premium content, thus leading tomore premium subscribers. Similarly, the growing demand for fitness productsduring COVID-19 will improve sales of fitness trackers through online mediums, henceboosting the market. Besides, the enormous
Global Fitness Tracker Market Segmentation :
By Device Type
- Smart Watches
- Fitness Band
- Smart Glasses
- Smart Clothing
- Others
By Application
- Heart Rate Tracking
- Sleep Measurement
- Glucose Measurement
- Sports
- Running
- Cycling Tracking
By Distribution Channel
- Online
- Retail
- Others
By Geography
- North America
- By Device Type
- By Application
- By Distribution Channel
- By Country
An Overview of the Impact of COVID-19 on this Market :
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral companies can help in the fight against this highly contagious disease.There are some industries that are struggling and some are thriving. Overall,almost every sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of corona virus outbreak across industries to help you preparefor the future.
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Market Driver:
Sedentary Lifestyle of People to Spur Market Demand
Thegrowing health issues such as obesity, lack of sleep, diabetes, and othersbecause of the present deskbound generation will simultaneously createlucrative opportunities for the market during the forecast period. The growingemphasis on health and fitness to prevent major health conditions is expectedto bode well for the market. The rising awareness about the importance of ahealthy lifestyle will subsequently fuel the demand for fitness products, thusenabling the growth of the market. Additionally, an escalation in gym-goers andfitness enthusiasts has potentially spurred lucrative opportunities for themarket.
Significant Development:
October 2019: Fitbit signed a partnershipagreement with Bristol-Myers Squibb-Pfizer alliance to address gaps in atrialfibrillation detection to accelerate diagnosis.
The Report Lists the Main Companies in the Fitness Tracker Market:
- Gramin Ltd (Kansas, United States)
- Apple Inc (California, United States)
- Fitbit, Inc. (California, United States)
- Pebble Technology Corp (California, United States)
- (Suwon-si, South Korea)
- Google Inc. (California, United States)
- Xiaomi Technology Co., Ltd. (Beijing, China)
- Jawbone (California, United States)
- Nike (Oregon, United States)
- Other Players
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Table Of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Définitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Trends
- New Product Launch
- Technological Advancements in Fitness Tracker Market
- Key Industry Development (Mergers, Acquisitions, and Partnerships, etc.)
- Impact of COVID-19 on the Fitness Tracker Market
- Global Fitness Tracker Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Smart Watches
- Fitness Band
- Smart Glasses
- Smart Clothing
- Others
- Market Analysis, Insights and Forecast – By Application
- Heart Rate Tracking
- Sleep Measurement
- Glucose Measurement
- Sports
- Running
- Cycling Tracking
- Market Analysis, Insights and Forecast – By Distribution Channel
- Online
- Retail
- Others
- Market Analysis, Insights and Forecast – By Country
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Continue…
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