New York, March 31, 2023 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report “Wearable Fitness Trackers Market- Global Industry Size, Share, Trends, Competition, Opportunities, and Forecast, 2018-2028F” –
Segmented by Product Type (Wrist Wear, Fitness Bands, Footwear), By End User (Sports Person, Patients), By Distribution Channel (Offline Vs. Online), By Region
The global revenue of fitness trackers is expected to grow with an impressive CAGR during the forecast period, the industry is growing due to increased spending on cutting edge technology that benefits health and fitness.
The trackable fitness tracker can have multiple activities, depending on the user’s needs: these tracks include goal setting, sleep tracking, activity tracking, calorie tracking, heart rate monitoring and step counting.
Customers cannot link fitness marketing with their smartphones or the internet to track data opportunities over time and share it with other fitness enthusiasts.
Monitoring and tracking of daily fitness activities, such as steps taken, calories burned, distance traveled, and others, is easily done with the help of a searchable fitness tracker. About 533.6 million watches, smartwatches, and other wearables will be shipped globally in 2021. A 20 percent increase year over year suggests the market is expanding. Simple Bluetooth or wireless networking connections are available for fitness trackers and wearable smartphones. As a result, one of the most important factors driving the growth of the global market is the rise in demand for wireless sports and fitness equipment.
Currently, many international firms are competing to provide the cutting-edge fitness researchers who rule the industry. IoT, AI, and wireless connectivity are among the array of elements that players are making in their assets.
Consumer awareness of the importance of health is widely disseminated through the use of qualified networks. These devices offer many health benefits, including heart rate monitoring, sleep monitoring, step monitoring, and pulse monitoring.
Technological Advanced Fuels Market Growth
A new technique that is being used more frequently today is the debilitating fitness hunter, in an effort to have an edge over others, many international businesses are competing to be top notch fitness developers.
These companies use cutting-edge features such as wireless networking, artificial intelligence, and IoT in their products: fitness developers are often used to monitor consumer health awareness.
These watches offer a number of health benefits, including the ability to track blood pressure, steps, sleep, and heart rate, for example, the Apple Watch Series 8 includes the most third-party apps of any smart watch, including Runkeeper, Strava, and Nike. Run Club, in addition to a comprehensive set of built-in health, fitness, and wellness features.
Heart rate zone information, a new Multisport tracking option for triathletes, and support for Custom Workouts are all features of its 9-function watch. It can show real-time power, stride length, ground contact time, and vertical oscillation while running.
Increasing Mergers & Acquisitions between Companies is driving Market Growth
In 2021, Google completed the acquisition of Fitbit. Fitbit has helped people around the world lead healthier, more active lives for over ten years.
As a well-known leader in the field, Fitbit has a vibrant community of more than 20 million active users, producing incredible wearable technology and great wearable experiences. new methods for controlling heart health, such as an ECG app to check heart rhythm for signs of atrial fibrillation (AFib).
In addition, HRX, an Indian fitness company owned by actor Hrithik Roshan and Exceeding Entertainment, has teamed up with Noise, a direct fitness tracker company created with the demands of GenZ and millennials in mind.
Comprehensive care with travel, equipped with tracking features, including a sleep cycle tracker, heart rate and blood pressure monitor, DND pain, and sound health suite. Additionally, it gives users access to more than 100 cloud-based, customizable watch faces.
Product Launches Fuels Market Growth
The company launched new products for health-conscious consumers. Consumer demand for these products is rising at a robust pace, which has further encouraged companies to expand their product portfolios to meet consumer demand.
For example, the latest generation of fitness wearables fitbit in India in 2022. The fitbit company introduced Fitbit Inspire 3, Fitbit Versa 4, and Fitbit Sense 2 in the nation.
The new Fitbit Inspire 3, Versa 4, and Fitbit Sense 2 all have updated designs that make them more comfortable to use for extended periods of time. This factor is anticipated to increase the growth of the market during the forecast period.
Just the market
The global market for fitness trackers is segmented into product type, end user, distribution channel, and region, based on product type, the market is segmented into fitness chains, and footwear.
From the end user, the market is segmented as sports persons and patients. Based on the distribution channel, the market is divided into online and offline.
Apple Inc., Fossil Group Inc., Garmin Ltd., Samsung Electronics Co., Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co., Ltd., NIKE, Inc., Sensoria Inc., Xiaomi Corporation, TomTom NV Major are market players in the global wearable fitness trackers market.
In this report, the market of the global loan industry is divided into the following categories, in addition to the industry trends, which are also explained below:
• Wearable Fitness Trackers Market, by Product Type:
or carry the Carpi
or Fitness of Hands
• Wearable Fitness Trackers Market, End User:
or a sports person
• Wearable Fitness Trackers Market, Distribution Channel:
• Wearable Fitness Trackers Market, By Region:
• North America
• Asia Pacific
• Middle East & Africa
• South America
Some of the worlds
Company profiles: Detailed analysis of the major companies receiving their global market share.
Given the market data, we present the products according to the specific needs of the company. The following customer options are available for reference:
• Retention analysis and profiling of additional market players (up to five years).
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