Press release
What's Driving Smart Fitness Market Trends? Key Company Profiled In Samsung Electronics Co. Ltd., Sony Corporation, Pebble Inc., Nike Inc., Fitbit Inc., Shanda Group, Xiaomi Inc.
The key players in the market are focused on expanding the capabilities of their business by focusing not only on the most lucrative regions, but also making their way into the potential regions. The key players in the smart fitness market include Samsung Electronics Co. Ltd., Sony Corporation, Pebble Inc., Nike Inc., Fitbit Inc., Shanda Group, Xiaomi Inc. and Garmin International Inc. Amongst these players Xiaomi and Fitbit are expected to dominate the market significantly.
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Moreover, the increasing demand for wearable technology is further expected to boost the smart fitness devices market. The use of documenting information on wearable devices is assisting in monitoring health and activity. Many startups in the industry are involved in testing several ways to improve wearable technology for healthcare and tracking devices for reinforcing connectivity between medical professionals and consumers.
While individuals harness the benefits of wearable smart gadgets for quick and prompt responses, the need for smart fitness has found its place in the wearable technology. People across the globe are getting more and more aware of their fitness needs. The need for recording health statistics and tracking activity is gaining major significance. Amongst the various smart gadgets, smart watches are expected to achieve greatest revenue potential through 2021 amongst other wearables, says Gartner. Such insights are further fueling the demand for ‘sport watches’, which are the smart fitness devices that provide attributes of both, smart watches and fitness trackers.
The global smart fitness market has been projecting promising growth over the past couple of years. According to the new research report published by Future Market Insights (FMI), the smart fitness market is projected to witness a strong growth over the period of assessment with the valuation of over 9 billion U.S. dollars in terms of revenue. The smart fitness market size is expected to expand with the help of a robust and strong CAGR of 24.6 percent over the period of evaluation, 2014-2020.
The smart fitness industry is evaluated with the help of the regional-assessment. North America followed by Western Europe are the expected to be the most promising markets for smart fitness devices. Gartner predicted that over the year 2017, the North America and Western Europe market would witness very few first time buyers for fitness trackers as many would already own the device. This projects the opportunities in the two markets for the coming years.
Garmin International Inc., has been seen expanding their potential in the Asia-Pacific region with their new multi-sport watch launched in the India recently. Packed with in-built GPS, wrist based sensor, and music storage, the device is a revolutionary addition to the smart devices market.
Apart from the several benefits, the use smart wearable devices is subjected to the approval of FDA regulations. These devices may not be subject to stringent regulations but the process would be carried out gradually. Although the regulations would not allow quick-paced flexibility, yet the smart fitness market would grow significantly over the period of assessment with increasing smart gadgets introduced in the smart fitness industry.
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Smart Fitness Market Reports - Table of Contents
Global Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2013-2020
Introduction to Smart Fitness Market
Timeline of Smart Fitness Devices
Types of Smart Fitness Devices
Smart Fitness Market Drivers
Economic Drivers
Supplier Drivers
Demand Drivers
Smart Fitness Market Restraints
Global Smart Fitness Market Value Forecast
Global Smart Fitness Market Value Forecast, 2013 - 2020 ($ Mn)
Smart Fitness Market Y-o-Y Growth Comparison, 2013 – 2020 (%)
Global Smart Fitness Market Value Forecast
Smart Fitness Market Segmentation
Smart Fitness Market Value Share, by Components, 2013 & 2020 (%)
Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%) , by Components, 2013 – 2020
Smart Fitness Device Usage Trends
Smart Fitness Market by Strength Equipment
Smart Fitness Market by Cardiovascular Equipment
Smart Fitness Market by Cross-training Equipment
Smart Accessories Market Size &Forecast, 2014-2020
Smart Accessories Market Segmentation
Global Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), by Regions, 2013-2020
Global Smart Fitness Market Value Share, by Regions, 2013 & 2020 (%)
North America Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2013-2020
North America’s Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), by Components, 2013-2020
North America’s Smart Fitness Market: Competitive Landscape
North America’s Smart Fitness Market Drivers & Restraints Impact Analysis
Western Europe’s Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2012– 2020
Western Europe’s Smart Fitness Market Size & Forecast by Components, 2012-2020
Western Europe’s Smart Fitness Market: Competitive Landscape
Western Europe’s Smart Fitness Market Drivers & Restraints Impact Analysis
Asia-Pacific Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2013 - 2020
Asia-Pacific Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), by Components, 2013-2020
Asia-Pacific Smart Fitness Market: Competitive Landscape
Asia-Pacific Smart Fitness Market Drivers & Restraints Impact Analysis
Japan Smart Fitness Market Size & Forecast, 2012 - 2020
Japan’s Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), by Components, 2013-2020
Japan Smart Fitness Market: Competitive Landscape
Japan’s Smart Fitness Market Drivers & Restraints Impact Analysis
Latin America Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2012 - 2020
Latin America Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), by Components, 2012-2020
Smart Personal Fitness Devices - Competitive Landscape
Latin America Smart Fitness Market Drivers & Restraints Impact Analysis
Central and Eastern European Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2012-2020
Central and Eastern European Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), byComponents, 2012-2020
Smart Personal Fitness Devices - Competitive Landscape
Central & Eastern European Smart Fitness Market Drivers & Challenges Impact Analysis
Middle East & Africa Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), 2012-2020
Middle East & Africa Smart Fitness Market Value Forecast ($ Mn) and Y-o-Y Growth (%), by Components, 2012-2020
Smart Personal Fitness Devices - Competitive Landscape
Middle East & Africa Smart Fitness Market Drivers & Restraints Impact Analysis
......more
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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