Fitness Tracker Market Global Industry Size, Analysis, Trends, Development Strategy, Key Vendors, Future Prospects and Regional Forecast by 2030

The global fitness tracker market size was USD 41.60 Billion in 2021 and is expected to register a revenue CAGR of 18.4% over the forecast period, according to the latest report by Emergen Research. Rising health awareness among consumers along with rise in disposable income, and increasing prevalence of chronic diseases are some key factors expected to drive revenue growth of the market during the forecast period. The COVID-19 pandemic has led to a rise in health awareness among consumers along with rise in the cost of healthcare, and this resulted in deployment of various initiatives to prevent chronic diseases. 

According to a survey of over 5,000 adults conducted by Public Health England, 80% of people aged over 18 have decided to change their lifestyle in 2021. Around 39% of adults between the age of 40 to 60 years had decided to lose weight and 41% of adults decided to exercise more often. In addition, the growing influence of fitness influencers on social media platforms like Instagram and YouTube has further motivated people to adopt a fitness routine and focus on health. Rising prevalence of chronic diseases such as chronic respiratory diseases, cardiovascular diseases, and type 2 diabetes mellitus (T2DM) has led to increase in demand for fitness trackers.

The Global Fitness Tracker Market Research Report is a professional and in-depth analysis of the current market situation with a specific focus. The study is a valuable resource for companies and everyone interested in the industry because it provides crucial information on the state of the global Fitness Tracker Market. The market provides a basic introduction of the sector, outlining its definition, applications, and production technologies. Additional details on the significant international industry players are covered in the report

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Competitive Outlook:

The study also includes company reviews, revenue sharing, and SWOT analysis of the leading players in the Fitness Tracker industry. The Fitness Tracker market report provides a detailed analysis of the specific factors that are changing and putting you ahead of the competition. These market measurement tools help identify drivers, restraints, weaknesses, Fitness Tracker market opportunities, and threats.

This report also covers the emerging player's data, including competitive situation, sales, revenue, and global market share of Top Manufacturers such as: 

Google LLC, Apple, Inc., Fitbit, Inc. (Google LLC)., Garmin Ltd., Beienda, Inc., Ambiotex GmbH, Hexoskin, Huawei Technologies, Nurvv Ltd., Oura Health Ltd., and Withings.

Some Key Highlights in the Report

On 16 September 2020, Apple Inc. announced Apple Watch Series 6, with a feature of tracking blood oxygen. Apple Watch Series 6 has improved hardware features, including a faster S6 System in Package (SiP) and next-generation altimeter.

Fitness bands segment accounted for a significantly large revenue share in 2021 owing to rising health awareness among consumers along with rise in disposable income. In addition, increasing government initiatives to promote healthy habits and reduce prevalence of chronic diseases is expected to support growth of this segment.

Online segment registered a significantly larger revenue share in 2021 owing to rapid growth of the e-Commerce industry and rising influence of social media platforms and participants leading to increased popularity of fitness trackers.

Stress management segment is expected to register rapid revenue growth during the forecast period due to an increase in stress and stress-related diseases. According to data, almost 180,000 people in the U.K die each year from stress-related illnesses. Similarly, American Psychological Association estimates that more than three-quarters of adults suffer from stress related issues such as headaches, tiredness, or sleeping problems. This is expected to increase demand for stress management features in smartwatches.

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The segmental analysis offered in the report pinpoints key opportunities available in the Fitness Tracker market through leading segments. The regional study of the Fitness Tracker market included in the report helps readers to gain a sound understanding of the development of different geographical markets in recent years and also going forth. We have provided a detailed study on the critical dynamics of the Fitness Tracker market, which include the market influence and market effect factors, drivers, challenges, restraints, trends, and prospects. The research study also includes other types of analysis such as qualitative and quantitative.

Emergen Research has segmented the global fitness tracker market on the basis of device type, distribution channel, application, and region:

Device Type Outlook (Revenue, USD Billion; 2019-2030)
Smartwatches

Fitness Bands

Smart Glasses

Smart Clothing

Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
Online

Offline

Application Outlook (Revenue, USD Billion; 2019-2030)
Running

Cycling

Heart Rate Tracking

Stress Management

Others

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Scope of the Report:

The Fitness Tracker market report provides a comprehensive overview of the industry through research, synthesis, and summary of data from various sources. Experts have offered to various sectors with the specific aim of identifying the significant manipulators of the sector. The Fitness Tracker market report includes a complete market and vendor landscape, as well as a SWOT analysis of the leading competitors. As a result, the information offered is thorough, reliable, and is the result of extensive investigations.

Promising Regions & Countries Mentioned In Fitness Tracker Market Report:

➸ North America (United States, Canada)

➸ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

➸Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

➸ Latin America (Brazil, Mexico, Others)

➸ The Middle East and Africa

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What Questions Should You Ask before Buying a Market Research Report?

How is the Fitness Tracker market evolving?

What is driving and restraining the Fitness Tracker market?

How will each Fitness Tracker submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?

How will the market shares for each Fitness Tracker submarket develop from 2022 to 2030?

What will be the main driver for the overall market from 2022 to 2030?

Will leading Fitness Tracker markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?

Who are the leading players and what are their prospects over the forecast period?

What are the Fitness Tracker projects for these leading companies?

How will the industry evolve during the period between 2020 and 2030? What are the implications of Fitness Tracker projects taking place now and over the next 10 years?

Is there a greater need for product commercialisation to further scale the Fitness Tracker market?

Thank you for reading our report. To request a customization or for further inquiries, kindly get in touch with us. Our team will ensure the report is tailored meet to your needs.

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