Fitness Trackers Market Surges Amid Growing Health Awareness

According to latest research report published by Market Data Forecast, the fitness trackers market will be worth USD 70.05 billion in 2024 and USD 175.04 billion by 2029, growing at a CAGR of 20.1 % from 2024 to 2029.

Fitness trackers are wearable devices or computer applications that record people's daily physical activity and provide data about their fitness or health, such as heart rate, calories burned, etc.

Global Fitness Trackers Market Report Scope:

• Market Size (2029): USD 175.04 Billion
• Market Size (2024): USD 70.05 Billion
• CAGR (2024 to 2029): 20.1%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Product Type, Wearing Type, Application, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled are Fitbit, Inc., Apple Inc., Adidas AG, Xiaomi Inc., Samsung Electronics Co. Ltd, and Nike Inc.

The growing prevalence of chronic diseases such as obesity, diabetes, cardiovascular diseases, and high blood pressure require frequent monitoring demands for the adoption of fitness trackers. According to the World Health Organization (WHO), approximately more than 1 billion people in the world are obese, and they also estimate that by 2050, the number of less healthy people will increase to 167 million. The increasing disposable incomes of the people are influencing them to invest in healthcare, where the manufacturers are providing various offers such that fitness trackers can be accessible to all people. These factors are enhancing the market growth globally. The e-commerce sector is stimulating the market, and robust distribution networks and retail partnerships by the market players are boosting the market expansion of fitness trackers. The rising trend of wellness programs in the corporate industry is expected to provide lucrative market growth in the upcoming years. Growing awareness among the people regarding health and penetration of the internet and smartphones fuels the market revenue of fitness trackers. The increasing product launches with advanced features by the market players are gaining people's traction and escalating the consumer base. Sports and gym people are highly adopting fitness trackers, which is prominently driving the market revenue. The growing geriatric population worldwide with chronic illness demands patient monitoring services, propelling the market expansion.
Increasing technological advancements worldwide are leveraging market value and potentiality. Due to their high scalability and adoption, fitness trackers are rising in value worldwide. The increasing trend of fitness trackers being integrated into smartwatches and smartphones is one of the major prominent trends in the fitness tracker market.

The high costs of premium products, which cannot be affordable food for people with low and middle-income economies, are estimated to hamper the market growth. Technology-integrated products are estimated to be expensive, limiting market expansion. The threat of the Internet of Things increases as fitness trackers can detect a person's position and location, leading to privacy and security issues by hindering market growth. Data breaches and un authorisation of data impede the adoption of fitness trackers, which limits the market growth.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/fitness-trackers-market

Key Insights from The Report:

• Based on Product Type, the activity monitors segment is expected to grow at the fastest CAGR during the forecast period.
• Based on Wearing Type, the handwear-wearing segment held the most significant share of the global fitness trackers market in 2023.
• North America dominated the fitness trackers market in 2023. Asia-Pacific accounted for second-highest share of the global market in 2023 and on the other hand, the Europe region is estimated to grow at the fastest CAGR during the forecast period.
• Fitbit, Inc., Apple Inc., Adidas AG, Xiaomi Inc., Samsung Electronics Co. Ltd, and Nike Inc. are dominated the fitness trackers market.

SEGMENTATION INCLUDED IN THIS REPORT:

By Product Type:
• Activity monitors
• Smart Watches
• Smart Clothing

By Wearing Type:
• Hand Wear
• Legwear
• Headwear
• Others

By Application:
• Heart Rate Tracking
• Sleep Measurement
• Glucose Measurement
• Sports, Running, and Cycling Tracking

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Browse Regional Reports:

North America Fitness Trackers Market Research Report - Segmented By Product Type, Wearing Type, Application, End-users, Sales Channel, Country (United States, Canada, Mexico & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-fitness-trackers-market
Europe Fitness Trackers Market Research Report - Segmented By Product Type, Wearing Type, Application, End-users, Sales Channel, Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-fitness-trackers-market
APAC Fitness Trackers Market Research Report - Segmented By Product Type, Wearing Type, Application, End-users, Sales Channel, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, Size, Share, Trends & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/apac-fitness-trackers-market
Latin America Fitness Trackers Market Research Report - Segmented By Product Type, Wearing Type, Application, End-users, Sales Channel, Country (Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-fitness-trackers-market
MEA Fitness Trackers Market Research Report - Segmented By Product Type, Wearing Type, Application, End-users, Sales Channel, Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/mea-fitness-trackers-market

TABLE OF CONTENTS:

1. INTRODUCTION
1.1. Market Definition
1.2. Study Deliverables
1.3. Base Currency, Base Year and Forecast Periods
1.4. General Study Assumptions
2. RESEARCH METHODOLOGY
2.1. Introduction
2.2. Research Phases
2.2.1. Secondary Research
2.2.2. Primary Research
2.2.3. Econometric Modelling
2.2.4. Expert Validation
2.3. Analysis Design
2.4. Study Timeline
3. OVERVIEW
3.1. Executive Summary
3.2. Key Inferences
4. DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES ANALYSIS
4.1. Market Drivers
4.2. Market Restraints
4.3. Key Challenges
4.4. Current Opportunities in the Market
5. MARKET SEGMENTATION
5.1. By Product Type
5.1.1. Activity Monitors
5.1.2. Smart Watches
5.1.3. Smart Clothing
5.1.4. Y-o-Y Growth Analysis, By Product Type
5.1.5. Market Attractiveness Analysis, By Product Type
5.1.6. Market Share Analysis, By Product Type
5.2. By Wearing Type
5.2.1. Handwear
5.2.2. Legwear
5.2.3. Headwear
5.2.4. Others (Torsowear, clothwear etc.)
5.2.5. Y-o-Y Growth Analysis, By Wearing Type
5.2.6. Market Attractiveness Analysis, By Wearing Type
5.2.7. Market Share Analysis, By Wearing Type
5.3. By Application
5.3.1. Heart Rate Tracking
5.3.2. Sleep Measurement Tracking
5.3.3. Glucose Measurement Tracking
5.3.4. Sports, Running, Cycling Tracking
5.3.5. Y-o-Y Growth Analysis, By Application
5.3.6. Market Attractiveness Analysis, By Application
5.3.7. Market Share Analysis, By Application
5.4. By End-users
5.4.1. Sports
5.4.2. Hospitals and diagnosis center
5.4.3. Others
5.4.4. Y-o-Y Growth Analysis, By End-User
5.4.5. Market Attractiveness Analysis, By End-User
5.4.6. Market Share Analysis, By End-User
5.5. By Age Group
5.5.1. Adult's Fitness Tracker
5.5.2. Children's Fitness Tracker
5.5.3. Y-o-Y Growth Analysis, By Age Group
5.5.4. Market Attractiveness Analysis, By Age Group
5.5.5. Market Share Analysis, By Age Group
5.6. By Sales Channel
5.6.1. Online
5.6.2. Offline
5.6.3. Y-o-Y Growth Analysis, By Sales Channel
5.6.4. Market Attractiveness Analysis, By Sales Channel
5.6.5. Market Share Analysis, By Sales Channel
6. GEOGRAPHICAL ANALYSIS
6.1. Introduction
6.1.1. Regional Trends
6.1.2. Impact Analysis
6.1.3. Y-o-Y Growth Analysis
6.1.4. Market Attractiveness Analysis
6.1.5. Market Share Analysis
6.2. North America
6.2.1. Introduction
6.2.2. United States
6.2.3. Canada
6.3. Europe
6.3.1. Introduction
6.3.2. U.K
6.3.3. Spain
6.3.4. Germany
6.3.5. Italy
6.3.6. France
6.3.7. Rest of Europe
6.4. Asia-Pacific
6.4.1. Introduction
6.4.2. China
6.4.3. India
6.4.4. Japan
6.4.5. South Korea
6.4.6. Australia and NZ
6.4.7. Rest of APAC
6.5. Latin America
6.5.1. Introduction
6.5.2. Brazil
6.5.3. Argentina
6.5.4. Mexico
6.5.5. Rest of Latin America
6.6. Middle East & Africa
6.6.1. Introduction
6.6.2. Middle-East
6.6.3. Africa
7. STRATEGIC ANALYSIS
7.1. PESTLE analysis
7.1.1. Political
7.1.2. Economic
7.1.3. Social
7.1.4. Technological
7.1.5. Legal
7.1.6. Environmental
7.2. Porter's Five analysis
7.2.1. Bargaining Power of Suppliers
7.2.2. Bargaining Power of Consumers
7.2.3. Threat of New Entrants
7.2.4. Threat of Substitute Products and Services
7.2.5. Competitive Rivalry within the Industry
8. MARKET LEADERS' ANALYSIS
8.1. Fitbit, Inc.
8.1.1. Overview
8.1.2. Products
8.1.3. Financials (subjected to availability based on company type)
8.1.4. Recent Developments
8.1.5. SWOT analysis
8.1.6. Analyst View
8.2. Apple Inc.
8.3. Adidas AG
8.4. Xiaomi Inc
8.5. Samsung Electronics Co. Ltd
8.6. Nike Inc
8.7. Moov Inc
8.8. Lumo Bodytech Inc.
8.9. Jawbone
9. COMPETITIVE LANDSCAPE
9.1. Market share analysis
9.2. Merger and Acquisition Analysis
9.3. Agreements, collaborations and Joint Ventures
9.4. New Product Launches
10. MARKET OUTLOOK AND INVESTMENT OPPORTUNITIES
11. APPENDIX
12. List of Tables
13. List of Figures

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