Report ID :10078296 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Fitness Trackers Industry was valued at USD 21.20 Billion in the year 2017. Global Fitness Trackers Industry is further estimated to grow at a CAGR of 19.2% from 2019 to reach USD86.52 Billion by the year 2025.
Major market players in the Fitness Trackers Industry are Apple Inc., Adidas AG, Garmin Ltd., Fitbit Inc., Jawbone, Abc, Nike Inc., Lumo Bodytech Inc., Xiaomi Inc., Samsung Electronics Co. Ltd., and brief overview of 10 more companies is also provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
In the Global Fitness Tracker Industry by region, Asia Pacific region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecasted period due to strongly growing awareness and rising youth population. At a country level, Japan and China are projected to grow strongly in the coming years.
SWOT Analysis of Fitness Trackers Industry:
Strength:
Growing trend in the youth population
Increasing disposable income.
Weakness:
Risk related to data security
High initial & production cost
Opportunities:
Technological development
Increase in fitness enthusiasts
Threats:
Unaddressed Regulatory Issues
The segmentation is done on the basis of Device Type, by Display Type, by Sales Channel, and by region. On the basis of device type, the global Fitness Trackers Industry is sub-segmented as Fitness band, Smartwatches, and Others of which the Smartwatches segment is expected to hold the highest CAGR during the forecast period.
Fitness Trackers Industry Segmentation:
By Display Type
• Monochrome display
• Colored display
By Sales Channel
• Online
• Offline
By Device Type
• Fitness band
• Smartwatches
• Others
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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