Press release
Global Smart Sports Fitness Tracker Market Outlook & Deep Study of Top Consumers, Players and Strategies till 2022
Fact.MR
Request For Sample Report @https://www.factmr.com/connectus/sample?flag=S&rep_id=216
Considerable Demand in Sports Industry
While fitness trackers don’t really feature in the must-have devices list, upgraded technology integrated in these devices has led to an increasing dependence on these devices for tracking fitness physical activities. As people are getting more conscious about weight management, demand for tracking and managing physical activities is expected to rev up. Fitness tracker is becoming a tool of motivation for people to increase their physical activities. Maintaining a log of sleeping patterns, and tracking the calories burned through fitness tracker is becoming a fashion forwards trend globally. Apart from a pedometer device, use of fitness tracker is constrained to personal accountability and psychological encouragement. Bound to such factors, the smart sports fitness tracker is expected to witness considerable demand among the manufacturers operating in the fitness industry.
Consumption in Healthcare Industry
Wearable devices have bridged the gap between actual medical care and fitness tracking. Increasing need to maintain sleep log, and track physical activities has led to an upsurge in demand for fitness trackers in the healthcare sector. Manufacturers operating in the healthcare industry are integrating updated technology including galvanic skin response sensor, bio-impedance sun sensors and optical heart rate monitors. Equipped with optical heart rate monitor, the fitness tracker enables patients to track their heart rate through photoplethysmography process. This device further enables the patients to track their respiration rate, heart rate, and galvanic skin responses through the bio-impedance sun sensor features. Such factors are likely to impact growth of the global smart sports fitness tracker market positively.
On the other hand, availability of similar technical features in smart watches, and smart phones has led to a drop in demand for sports fitness trackers. Fitness tracker operates as a pedometer, however inaccurate results have led to a downturn in demand for sports fitness tracker. Such factors are likely to inhibit growth of the global smart sports fitness tracker market throughout 2022.
Sports Stores to Represent a Leading Segment
Activity tracking is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 180 Mn in the global market by the end of 2022. Heart rate product is expected to register the second highest growth in terms of revenue in the global smart sports fitness tracker market. Europe is expected to remain the largest market for sport fitness tracker products globally. Augmenting nutrition plan is expected to register the highest CAGR, followed by heart rate in the global market throughout 2022.
Browse Full Report with TOC @https://www.factmr.com/report/216/smart-sports-fitness-tracker-market
Sports stores is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 180 Mn in the global market in 2017. Departmental stores is expected to register the second highest growth in terms of revenue in the global smart sports fitness tracker market by the end of 2017. Sales of smart sports fitness tracker in Europe will generate the highest revenue in the global market throughout 2022. Online retail is expected to register the highest CAGR growth in the global smart sports fitness tracker market through 2022.
Mid price is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 200 Mn in the global market by the end of 2022. Economic prices is expected to register the second highest growth in the global smart sports fitness tracker market through 2022. This segment is expected to register the highest CAGR in the global market throughout 2022.
Competitive Tracking
Leading market players in the global smart sports fitness tracker market include Witter, Bosal, Westfalia Automotive, Brink/ Thule Towing Systems, PCT Automotive, Tow-Trust Towbars, Thule, Dixon Bate Limited, David Murphy Towing, A1 Towing Limited, A1 Towing Limited, and Montaplast GmbH.
Check Discount @https://www.factmr.com/connectus/sample?flag=D&rep_id=216
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Smart Sports Fitness Tracker Market Outlook & Deep Study of Top Consumers, Players and Strategies till 2022 here
News-ID: 932910 • Views: …
More Releases from Fact.MR
Sales of Luxury Eyewear are forecasted to reach US$ 56 billion by 2033
According to Fact.MR, a trusted provider of market research and competitive intelligence, the global Luxury Eyewear Market was valued at US$ 40 billion in 2023. Projections suggest that by the conclusion of 2033, this market is anticipated to escalate to US$ 56 billion. Forecasts indicate a steady Compound Annual Growth Rate (CAGR) of 3.4% in the global demand for luxury eyewear from 2023 to 2033.
The surge in luxury eyewear sales…
Camping Equipment sales are expected to reach US$ 33.17 billion By 2032
The global camping equipment market is projected to achieve a substantial value of US$ 33.17 billion by the year 2032, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 7.3% from 2022 to 2032. A surge in expenditure on outdoor recreational activities is poised to ignite significant growth within the camping equipment market.
According to insights from Fact.MR, the global camping equipment market is forecasted to reach a valuation of US$…
Microbial Algae Products is forecasted to expand at a CAGR of 6.1% from 2024 to …
The global microbial algae product market is set to expand at a compound annual growth rate (CAGR) of 6.1%, as outlined in the latest industry research report by Fact.MR. By the end of 2034, the market is anticipated to surge from US$ 3.43 billion in 2024 to US$ 6.2 billion.
Recent years have witnessed a notable surge in demand for microbial algae products due to their rich nutritional profile, comprising minerals,…
Life Insurance Policy Administration System market is projected to rise at a CAG …
As per a recent study conducted by Fact.MR, a reputable market research and competitive intelligence firm, the global Life Insurance Policy Administration System Market is poised to grow at a robust Compound Annual Growth Rate (CAGR) of 12.2% until the year 2034. The market is forecasted to achieve a valuation of US$ 6,689.2 million by the end of 2024, with further projections indicating a potential surge to US$ 21,115.2 million…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
