Smart Fitness Market Driven by Keyplayers: Apple Inc., Fitbit Inc., Garmin Ltd., Jawbone, LG Electronics, MAD Apparel, Inc., Samsung Electronics Co., Ltd., Sony Mobile Communications Inc., Polar Electro, and OMsignal. 

Smart fitness equipment are used for physical exercises that help in managing overall weight, improve physical stamina, and develop muscular strength. These devices are used to track information including sleep, steps, calories, heart rate, and other physical status, which further help in improving the overall fitness of the human body.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 @ https://www.coherentmarketinsights.com/insight/request-pdf/1829

Global Smart Fitness Market: Competitive Landscape

Major players operating in the global smart fitness market are Apple Inc., Fitbit Inc., Garmin Ltd., Jawbone, LG Electronics, MAD Apparel, Inc., Samsung Electronics Co., Ltd., Sony Mobile Communications Inc., Polar Electro, and OMsignal. 

Rising awareness regarding health and fitness is one of the major driving factors for growth of the market
Rising awareness among people related to health and fitness is one of the major driving factors for growth of the global smart fitness market. The factor attributed to growth of the market is rising health issues such as obesity, diabetics, heart attack, which further increases demand for fitness equipment. For instance, in 2013, according to the Institute for Health Metrics and Evaluation analysis, nearly 30% of the world population was suffering from obesity or overweight, globally. 

Increasing awareness among people will proportionally demand for such fitness equipment, which will help them to track health related information such as heart rate, amount of calories burned and workout time. This is expected to further help to improve their overall fitness of the body, in turn aiding in growth of the global smart fitness market.

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Global Smart Fitness Market: Segment Trends

On the basis of product type, the smart watch segment accounted for the largest market share in 2017 and is expected to retain its position during the forecasted period. This is owing to high demand for wireless health monitoring devices.

These smart watches carry out multiple functions such as real-time heart rate monitoring, fitness monitoring, tracking footsteps, tracking number of calories burnt, overall sleep statistics, tracking exercise training, and tracking of user’s daily routine to offer valuable insights on their health. This further helps doctor to diagnose their patient's health remotely. This is expected to aid in growth of the segment over the forecast period.

Global Smart Fitness Market: Regional Insights
North America held a dominant position in the global smart fitness market in 2017, and is expected to retain its dominance throughout the forecast period (2018–2026). This growth is attributed to increasing number of health issue related to obesity such as heart disease, type 2 diabetes, and others, which directly affects adults, youth, and children.

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Global Smart Fitness Market: Taxonomy
By Product Type
• Smart watch
• Wristband
• Smart Clothing
• Smart Shoes
• Bike Computers
• Others
By Devices Type
• Head-wear
• Torso-wear
• Hand-wear
• Leg-wear
• Bike mount
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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This release was published on openPR.