In the forecast period 2021-2028, the worldwide fitness tracker market is expected to increase at a CAGR of 15.4 percent, from $36.34 billion in 2020 to $114.36 billion in 2028.
Fitness trackers are devices that allow people of all ages and backgrounds to monitor and measure various activities such as sleep length, heart rate monitoring, and the amount of steps they walk or jog each day. Wireless connectivity systems are used to connect fitness trackers to computers or cell phones. In the last several years, fitness monitoring gadgets have seen remarkable expansion, with even clinical settings trying to incorporate these items in order to obtain real-time data.
Smartwatches, fitness bands, smart clothes, and smart eyewear are some of the most popular fitness trackers. These devices have been utilised by athletes competing in various sports to get a better picture of their fitness levels on a regular basis. The rise in popularity of wearable technologies among the youth is propelling the fitness tracker market forward. Furthermore, due to the rise in the healthy retiring trend, the elderly population's preference for these devices has increased. These gadgets also have high-end activity tracking tools and interactive operating systems, which increases demand for them. However, the high cost of fitness trackers, as well as the risk of data theft from tampered connections, limit the market's growth.
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Major Players in Fitness Tracker market are:
Apple
Garmin
Fitbit
Under Armour
Epson
Misfit
XiaoMi
Samsung
Zkcreation
Jawbone
Huawei
Casio
Coros
Nike
Moov Inc.
Segmentation Based on Type:
Basic
Smart
Segmentation based on Application:
Specialist Retailers
Factory outlets
Internet sales
Segmentation based on Region:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Benefits for Stakeholders
- This report provides an extensive analysis of the current trends and emerging estimations in the global fitness trackers market.
- In-depth analysis of the global fitness trackers industry is conducted through market estimations of key segments from 2017 to 2023.
- Comprehensive analysis of factors that drive and restrain the growth of the global fitness trackers market is provided in the report.
- Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The key players are profiled along with their strategies to determine the competitive outlook of the market.
Frequently Asked Questions About This Report
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- Who are the key players in the fitness tracker market?
- What are the factors driving the fitness tracker market?
- Which application segment held the largest fitness tracker market share?
- Which distribution channel segment led the fitness tracker market?
- Which region dominated the fitness tracker market?
- How big is the fitness tracker market?
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