The global smart fitness market is anticipated to grow at a significant rate over the prediction period. The markets for a smart watch are expected to continue growing into the coming years. High costs of smart fitness devices is a major factor which edges the global smart fitness market growth. Because of this many fitness centers, start-up gyms, and in-house users prefer to buy second-hand smart fitness devices. Hence, the high prices of such devices are the main factor hindering the purchase of new smart fitness devices for commercial purposes. This is likely to negatively impact sales of new smart fitness devices.
Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/580
The global smart fitness market is segmented on the basis of devices type, product type, and geographical regions.
On the basis of product type, the smart fitness market is characterized into a wristband, smart watch, smart clothing, bike computers, smart shoes, and others. In between these, the smart watch segment is accounted for one of the largest global smart fitness market share in 2017, and it is anticipated to hold its position over the forecast period. This is due to the huge demand for smart health monitoring devices. Smart watches offers a number of functions such as keeps track of burnt calories, heart rate tracking, fitness monitoring, sleep statistics, exercise training tracking, daily routine tracking, and others. This will help the doctor to diagnose the patient with real-time health monitoring. This is projected to aid the growth of the smart watch segment during the prediction period.
On the basis of devices type the market is categorized into torso-wear, head-wear, hand-wear, bike-mount, and leg-wear.
Based on the geographical regions, the global smart fitness market has been categorized into Europe, North America, Latin America, Asia Pacific, and Africa. Among these, the North America region has dominated for largest smart fitness market share in 2017, it is expected to hold its position throughout the prediction period. This growth is attributed to the rising number of health issues such as type 2 diabetes, heart diseases, obesity, and many others that directly affect youth, adults, and children.
Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/smart-fitness-market
Likewise, the Asia Pacific region is also experiencing market growth in disposable income, which is anticipated to drive the smart fitness market growth. This market is projected to grow in the region, specifically in India and China, owing to the increasing number of chronic diseases such as obesity and diabetes. Many organization in Europe endorse a healthy lifestyle by implementing various sports activities. A huge number of persons are engaged in several physical activities. They prefer to take up exercises programs and packages or exercise individually. The global smart fitness market is used in various segments such as medical centers, hotels, hospitals, public institutions, corporate offices, home consumers, health clubs, gyms, and others.
Competitive Landscape
The global smart fitness market is highly fragmented due to the existence of a number of leading players in the market. Fitbit Inc., Apple Inc., Jawbone, Garmin Ltd., LG Electronics Samsung Electronics Co. Ltd., Polar Electro, MAD Apparel, Inc., and OMsignal are some major vendors in the global smart fitness market. These players are emphasizing on adopting mergers & acquisitions policy, to hold their position in the global smart fitness market. For instance, in 2018, Fitbit, Inc. developed the Twine Health. The main aim of this acquisition is to rise their offerings in the healthcare industry.
In today’s world, smart fitness devices are becoming an integral part of the consumer electronics industry. Fitness and activity trackers are electronics devices which track and monitor health-related data such as distance ran or walked, calorie consumption, quality of sleep, and heart rate. Smart fitness devices mostly come in the form of a wristbands, but there are also some other smart fitness devices such as head &ear-worn, smart garments, leg bands, chest bands, clip-ons, and smart shoes available in the market which can be worn on different parts of the body. Many smart fitness device trackers can transmit health-related data directly to personal computers or smartphones.
Pulsar’s wristwatch can be the first end-user wearable device to obtain success across the globe. The first smart Bluetooth was sold in 2000, and the first GoPro was released in 2004. The first Google Glass was launched in 2013, it was the first voice-operated product to integrate hands-free internet access along with augmented reality and the capability to capture images.
Various sectors such as medical, military forces, and businesses have been using smart fitness technology for decades, but the personalized consumer market has recently started to use feature items such as smart watches, smart glasses, health trackers, hearables, fitness trackers, smart clothing and smart health. Currently, the health & fitness tracker and smart watches are considered as the most popular smart devices. In fact, more than 167 million units of smart watches and fitness trackers are predicting to be dispatched in 2022. By 2019, global smart watches shipments are forecast to gain 74 million units. WatchOS was the most used and popular smart wrist wear OS in 2018. WatchOS is predicting to continue this position over the forecast period.
Pre-book the research study on Smart Fitness Market and Get Flat 10% Discount @ https://www.adroitmarketresearch.com/researchreport/purchase/580
About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Info:
Ryan Johnson
Adroit Market Research
3131 McKinney Ave Ste 600,
Dallas, Texas – 75204, U.S.A
Phone No: +19723628199
Email: [email protected]
Smart Wearables Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the smart wearables industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected smart wearables market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/smart-wearables-market-global-report-2020-30-covid-19-growth-and-changeThe Smart Wearables Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global smart wearables market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Smart Wearables Global Market Report 2021 covers smart wearables market drivers, smart wearables market trends, smart wearables market growth rate, smart wearables market major players, player-adopted strategies in the market, and smart wearables market size.The global smart wearables market is expected to grow from $14.93 billion in 2020 to $17.35 billion in 2021 at a compound annual growth rate (CAGR) of 16.2%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The smart wearables market is expected to reach $30.88 billion in 2025 at a CAGR of 16%.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=3264=smpThe report covers the smart wearables market segments-1) By Devices: Smart Watches, Smart Glasses, Fitness & Wellness Devices, Smart Clothing, Others2) By Application: Lifestyle, Healthcare, Consumer Applications, Defense, Fitness & Sports, Enterprise & Industrial.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
According to a new market report published by Industry Probe (www.industryprobe.com) titled Fitness Equipment Market (Product Type: Cardio Equipment (Cross-country Ski Machine, Elliptical Trainers, Stationary Bicycle, Treadmill, Rowing Machines, and Others), Strength Equipment (Squat Rack, Bench Press, Hammer Strength Machine, Leg Pull-down Machine, Leg Extension Machine, Hyper Extension Bench, Smith Machine, Abdominal Bench, Leg Press Machine, Peck Deck Machine, and Others), and Others (Activity Monitors, Body Analyzers, etc.
); End-use: Individual, Gyms/Health Clubs, and Commercial (Hotels, Corporate Offices, Public Institutions, and Others); Distribution Channel: Online and Offline (Hypermarkets/ Supermarkets, Specialty Stores, Brand Stores)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’, the global fitness equipment market was valued at US$ 2,960.2 Mn in 2017 and is expected to expand at a CAGR of 6.7% from 2019 to 2027.
OverviewThe global Cardio fitness equipment market was valued at US$ 2,960.2 Mn in 2017 and is expected to expand at a CAGR of 6.7% from 2019 to 2027.Cardio fitness equipment stimulates the heart rate, builds endurance, and help in burning excess body fat.
The exercise also reduces stress levels and strengthens the metabolism.As compared to strength equipment, cardio equipment are less costly, lightweight, and require less maintenance.
This has led to relatively higher penetration of strength equipment over cardiovascular equipment across the world.Browse the full report at https://www.industryprobe.com/industry-analysis/Fitness-Equipment-MarketDriving FactorsIncreasing incidence of cardiovascular diseases, diabetes, and osteoarthritis is a major concern all over the world.
This is expected to drive the growth of the cardio equipment fitness equipment market in Europe as well as in other regions.Increase in the number of health clubs all over the world is pointing to a new trend of looking great while maintaining health.
