Research Reports
Wearable Fitness Trackers Market to Witness Robust Expansion Throughout the Forecast Period 2017-2027
Published by mark itwired
Posted on September 8, 2021
Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Future Market Insights delivers key insights on the global wearable fitness tracker market in its report titled “Wearable Fitness Trackers Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” Growth in the market value of the global wearable fitness tracker market will remain attractive as the market is expected to grow continuously at a CAGR of 15.8% in terms of value during the forecast period 2017 – 2027. The global wearable fitness trackers market is expected to register a CAGR of 15.8% during 2017 – 2027, with North America, Western Europe, Japan and China accounting for significant market value shares by the end of the forecast period.
On the basis of product type, the wrist wear segment is expected to register attractive growth over the forecast period in the global wearable fitness tracker market. Based on application, the pedometer segment is expected to gain a higher market share during the forecast period in the global wearable fitness tracker market.
The global annual revenue from the wearable fitness tracker market was valued at US$ 21,661.3 Mn by the end of 2017, which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, Western Europe, Japan, China and SEA & Other of APAC, are expected to collectively account for a majority share of the global wearable fitness tracker market. The North America wearable fitness tracker market, Western Europe wearable fitness tracker market and APEJ wearable fitness tracker market are likely to dominate the global market over the forecast period.
Wearable Fitness Trackers Market: Factors Boosting Adoption
Since last few years, the adoption of wearable fitness trackers has been increasing considerably, especially in the 25-44 years category. Development in the imaging technologies of wearable fitness trackers and continuously emerging new features in the products are boosting the adoption of wearable fitness trackers in the consumer segment. Nowadays, consumers prefer modern ways of fitness tracking as “guesstimating” is not accurate to keep track of the fitness data. Hence, the availability of technology-based smart wearable devices for keeping track of fitness activities is driving the wearable fitness trackers market. Disposable income and rising concerns regarding a healthy lifestyle are also driving the wearable fitness trackers market across major economies of the world. Continuous technological developments intended to reduce the overall cost of various components of wearable fitness trackers are facilitating a decrease in the overall cost of wearable fitness trackers, which is making it more affordable for the middle-income population. At present, wearable fitness trackers are largely being used by the high-income population for an enhanced end-user experience with reference to fitness and health aspects. However, the slightly high cost associated with the adoption of wearable fitness tracker is hampering the growth of the global wearable fitness tracker market in terms of value.
Wearable Fitness Trackers Market: Segmental & Regional Analysis
On the basis of FMI analysis, the wrist wear sub-segment of the product type segment is expected to dominate the wearable fitness tracker market since wrist wear is easy to use and increases the focus of users towards fitness. On the basis of application, the pedometer segment is expected to be a dominating segment in the global wearable fitness tracker market. The development and integration of healthcare processes with technology and the evolution of new functions/features are some of the major factors driving the adoption of wearable fitness trackers.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-4887
The North America wearable fitness tracker market is expected to dominate the global wearable fitness tracker market due to high growth in the overall revenues generated from the wrist wear segment, high disposable income as well as the high standard of living in the region. The wearable fitness tracker market in Western Europe has high potential owing to the increasing adoption of wearable fitness trackers as one of the solutions for living a healthy life. The APEJ wearable fitness tracker market will be a target market for market participants owing to the high growth opportunities in countries such as India and China. The MEA wearable fitness tracker market is estimated to grow at an above-average CAGR over the forecast period due to the rising focus towards healthy living as well as increasing government spending in the healthcare segment. GCC Countries are expected to hold a major revenue share in the MEA wearable fitness tracker market over the forecast period.
Wearable Fitness Trackers Market: Key Player Analysis
According to FMI analysis, the integration of advanced healthcare technologies by the manufacturers of wearable fitness trackers, along with feature enhancements in products, will help increase revenue. Some of the market participants in the global wearable fitness tracker market report are
- Apple Inc.;
- Fitbit Inc.;
- Samsung Electronics;
- Sony Corporation;
- Xiaomi;
- Garmin Ltd.;
- Fossil Group;
- Jawbone;
- TomTom International BV;
- Huawei Technologies Co., Ltd. and others.
The post Wearable Fitness Trackers Market to Witness Robust Expansion Throughout the Forecast Period 2017-2027 first appeared on Market Research Blog.
Future Market Insights delivers key insights on the global wearable fitness tracker market in its report titled “Wearable Fitness Trackers Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” Growth in the market value of the global wearable fitness tracker market will remain attractive as the market is expected to grow continuously at a CAGR of 15.8% in terms of value during the forecast period 2017 – 2027. The global wearable fitness trackers market is expected to register a CAGR of 15.8% during 2017 – 2027, with North America, Western Europe, Japan and China accounting for significant market value shares by the end of the forecast period.
On the basis of product type, the wrist wear segment is expected to register attractive growth over the forecast period in the global wearable fitness tracker market. Based on application, the pedometer segment is expected to gain a higher market share during the forecast period in the global wearable fitness tracker market.
The global annual revenue from the wearable fitness tracker market was valued at US$ 21,661.3 Mn by the end of 2017, which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, Western Europe, Japan, China and SEA & Other of APAC, are expected to collectively account for a majority share of the global wearable fitness tracker market. The North America wearable fitness tracker market, Western Europe wearable fitness tracker market and APEJ wearable fitness tracker market are likely to dominate the global market over the forecast period.
Wearable Fitness Trackers Market: Factors Boosting Adoption
Since last few years, the adoption of wearable fitness trackers has been increasing considerably, especially in the 25-44 years category. Development in the imaging technologies of wearable fitness trackers and continuously emerging new features in the products are boosting the adoption of wearable fitness trackers in the consumer segment. Nowadays, consumers prefer modern ways of fitness tracking as “guesstimating” is not accurate to keep track of the fitness data. Hence, the availability of technology-based smart wearable devices for keeping track of fitness activities is driving the wearable fitness trackers market. Disposable income and rising concerns regarding a healthy lifestyle are also driving the wearable fitness trackers market across major economies of the world. Continuous technological developments intended to reduce the overall cost of various components of wearable fitness trackers are facilitating a decrease in the overall cost of wearable fitness trackers, which is making it more affordable for the middle-income population. At present, wearable fitness trackers are largely being used by the high-income population for an enhanced end-user experience with reference to fitness and health aspects. However, the slightly high cost associated with the adoption of wearable fitness tracker is hampering the growth of the global wearable fitness tracker market in terms of value.
Wearable Fitness Trackers Market: Segmental & Regional Analysis
On the basis of FMI analysis, the wrist wear sub-segment of the product type segment is expected to dominate the wearable fitness tracker market since wrist wear is easy to use and increases the focus of users towards fitness. On the basis of application, the pedometer segment is expected to be a dominating segment in the global wearable fitness tracker market. The development and integration of healthcare processes with technology and the evolution of new functions/features are some of the major factors driving the adoption of wearable fitness trackers.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-4887
The North America wearable fitness tracker market is expected to dominate the global wearable fitness tracker market due to high growth in the overall revenues generated from the wrist wear segment, high disposable income as well as the high standard of living in the region. The wearable fitness tracker market in Western Europe has high potential owing to the increasing adoption of wearable fitness trackers as one of the solutions for living a healthy life. The APEJ wearable fitness tracker market will be a target market for market participants owing to the high growth opportunities in countries such as India and China. The MEA wearable fitness tracker market is estimated to grow at an above-average CAGR over the forecast period due to the rising focus towards healthy living as well as increasing government spending in the healthcare segment. GCC Countries are expected to hold a major revenue share in the MEA wearable fitness tracker market over the forecast period.
Wearable Fitness Trackers Market: Key Player Analysis
According to FMI analysis, the integration of advanced healthcare technologies by the manufacturers of wearable fitness trackers, along with feature enhancements in products, will help increase revenue. Some of the market participants in the global wearable fitness tracker market report are
- Apple Inc.;
- Fitbit Inc.;
- Samsung Electronics;
- Sony Corporation;
- Xiaomi;
- Garmin Ltd.;
- Fossil Group;
- Jawbone;
- TomTom International BV;
- Huawei Technologies Co., Ltd. and others.
The post Wearable Fitness Trackers Market to Witness Robust Expansion Throughout the Forecast Period 2017-2027 first appeared on Market Research Blog.