Fitness Application Market to see Garner Bursting by 2020-2026 |aptiv, Nike, Asana Rebel, ClassPass, Fitbod
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The market for wearable devices is expected to grow at the highest rate during the forecast period. The use of wearables has expanded to all age groups. In 2015, 24% of the population aged 25 to 34 years, while 6.5% of the population was 55 to 64. In 2019, the proportion of 25 to 34 years age cohort increased to 38.0%, while market penetration increased substantially to 13.2%.
Among all regions, North America held the largest share of the fitness app market. Growing awareness about fitness & daily health monitoring has led to an increase in adoption of fitness apps and a significant rise in the number of new players in the region. Moreover, the market is witnessing a rising number of partnerships between key players, thereby resulting in the introduction of superior quality apps. In April 2019, Google partnered with Apple Inc. and launched the Google Fit app for the iOS platform. This platform offers fitness activity goals based on recommendations from the WHO and American Heart Association. Asia Pacific is likely to grow at the highest rate over the forecast period. Various countries in this region are adopting digital health strategies to deliver improved healthcare with better outcomes.
1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to HTF MI, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Type ( (Men, Women ), Channel (Direct Sales, Distributor) Segmentation, ), by End-Users/Application (Full Report: 2350 USD, Multi License (Section): 4700 USD, Section Price: As below, Page: 115 & Chart and Figure: 124), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Fitness Application market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry's projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are The following players are covered in this report:, Nexercise, Aaptiv, Nike, Asana Rebel, ClassPass, Fitbod, 8fit, Keelo & Keep.
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
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Key Insights that Study is going to provide :
• Revenue splits by most promising business segments. [By Type (, Industry Segmentation (Men, Women ), Channel (Direct Sales, Distributor) Segmentation, ), By Application (Full Report: 2350 USD, Multi License (Section): 4700 USD, Section Price: As below, Page: 115 & Chart and Figure: 124) and any other business Segment if applicable within scope of report]
• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
• Market Share & Sales Revenue by Key Players & Emerging Regional Players. [Some of the players covered in the study are The following players are covered in this report:, Nexercise, Aaptiv, Nike, Asana Rebel, ClassPass, Fitbod, 8fit, Keelo & Keep]
• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis** No of patents / Trademark filed in recent years.
• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
** May vary depending upon availability and feasibility of data with respect to Industry targeted
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Craig Francis (PR & Marketing Manager)
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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