Press release
Smart Fitness Watch Market to Witness Huge Growth by 2022-2028 | Apple, Fitbit, Garmin
Smart Fitness Watch
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The growing awareness towards fitness and health and rapid availability of smart wearable devices are becoming major drivers of the wearables industry. With the technology advancement regarding sensors will get smaller with time, in the future, it could soon even be woven into the fabric. And smart fitness devices have also become major trend in the fashion industry, today smart textiles are becoming major attractions for fitness. Talking about wearable technology, it has commonplace on the wrist and it is highly adopted by marathon runners and casual gym-goers. These fitness devices are highly used by personal trainers, fitness instructors. These devices help in maintaining a careful diet and exercise plan, track of a healthy heart. In currently the leading market players are focusing on enhancing awareness among consumers by setting out their stalls, campaigns, and other initiatives. The fitness industry continues to grow at a huge exponential rate, in terms of both who are attending gyms regularly and those also who retrieving the services of personal trainers.
The market study is being classified and major geographies with country level break-up.
Apple Inc. (United States), Fitbit Inc. (United States), Garmin Ltd. (United States), Xiaomi (China), LG Electronics (South Korea), MAD Apparel, Inc. (United States), Samsung Electronics Co., Ltd (South Korea), Sony Corporation (Japan), Polar Electro (Finland) and Letsfit, LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Boat (United States), Adorama (United States) and Motorola Mobility (United States).
On the basis of geography, the market of Smart Fitness Watch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
Growing Government Initiative Programs Related to Health Awareness
Rising Awareness among People Related to Health and Fitness, The growth in the global health club industry across the globe is major driving for the development of the smart fitness industry. According to the study, the health club industry is generating USD 94 billion in FY 2019, as it was noticed around USD 87.2 billion in previous years.
Market Trend
Technology Advancement Regarding Smart Fitness Products
Restraints
Fluctuation in Raw Material Cost
Opportunities
Rising Demand among the Growing Urban Population
Rising Demand from Emerging Economies such as India, China, Brazil, and Others
Growing Demand for Connected Devices and Development of Key Enabling Technologies
Challenges
High Prices of Smart Fitness Products
Lack of Awareness of Smart Fitness Products
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Smart Fitness Watch Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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Strategic Points Covered in Table of Content of Global Smart Fitness Watch Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Smart Fitness Watch Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic information of the Global Smart Fitness Watch Market Insights by Application, Product Type, Competitive Landscape &
....Continued
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