Wearable Fitness Trackers Market Development Status, Competition Analysis, Type and Application 2027

 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.

The global annual revenue from the wearable fitness tracker market was valued at US$ 21,661.3 Million 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.

Request a report sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-4887

Key Drivers of the Global Wearable Fitness Trackers Market 

Technological replacement for guesstimating and rising health issues such as obesity, blood pressure and diabetes drive the growth of the global wearable fitness trackers market The simplicity is one of the key driving factors for the increasing popularity of the wearable fitness trackers among all age groups. 

Fitness tracker helps parents in tracking their kid's location that creates positive impact on the global market for wearable fitness trackers. Usage of wearable fitness trackers as an e-wallet and as a companion to smartphone fuel the market growth during 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.

Key Segments Covered

Product Type:

  • Wrist wear
  • Leg wear
  • Smart garments
  • Others

Application:

  • Pedometer
  • Heart rate monitor
  • Daily activity tracker
  • Call text & calendar
  • Sleep tracking
  • GPS tracking
  • Others

Distribution Channel:

  • E-Commerce
  • Retail Stores

Age-Group:

  • 0-5 Years
  • 6-18 Years
  • 19-24 Years
  • 25-44 Years
  • 45-60 Years
  • 60+ Years

Key Regions covered:

  • North America Wearable Fitness Trackers market
  • Latin America Wearable Fitness Trackers market
  • Western Europe Wearable Fitness Trackers market
  • Eastern Europe Wearable Fitness Trackers market
  • APEJ Wearable Fitness Trackers market
  • JapanWearable Fitness Trackers market
  • MEA Wearable Fitness Trackers market

Comments

Post a Comment

Popular posts from this blog

Integrated Microwave Assembly Market 2023 | Increasing Demand for Efficient Management Practices Report 2030

The study focuses on the important market growth factors as well as the obstacles that industry participants face. The  Integrated Microwave Assembly Market  research study also includes global market size and predictions. In addition, the study examines the competitive environment, important players, and strategies. The research's competitive landscape section looks at the most recent market changes. This research report examines the international market in terms of product type, end user, and main geographical areas. Integrated Microwave Assembly Market Size was valued at USD 1.58 billion in 2022 and is expected to reach USD 2.67 billion by 2030, and grow at a CAGR of 6.7% over the forecast period 2023-2030. The most recent Integrated Microwave Assembly market research offers full information on worldwide business, industry trends, and significant industry numbers for leading manufacturers. Expert guidance is included in the report to assist clients focus and make better distribu
Read more

DC Chargers Market Research Report 2023 to Global Forecast till 2030

  Power Strip Market  Size was valued at USD 11.65 billion in 2022 and is expected to reach USD 17.75 billion by 2030, and grow at a CAGR of 5.4% over the forecast period 2023-2030. A comprehensive and concise analysis report of the main competitor and pricing statistics, with the goal of assisting newcomers in establishing and surviving in the market. It also focuses on the market's outlook for the next few months. This was extremely beneficial to business owners. This extensive market research is heavily reliant on information gleaned from key leader interviews, research, and innovative resources. It includes financial losses incurred as a result of COVID-19 in addition to the information presented in this report on the Power Strip market. It also explains how the major business sectors in the market are dealing with the epidemic and how to avoid it. This market report is a well-organized presentation of accurate company profiles and competitiveness analyses. It forecasts mar
Read more

Waveguide Market : Notable Developments & Geographical Outlook 2023 to 2030

  The Waveguide Market size was valued at USD 6.5 billion in 2022 and is expected to grow to USD 11.33 billion by 2030 and grow at a CAGR of 7.2 % over the forecast period of 2023-2030. The Waveguide Market study includes an overview of the market segment, size, share, sectional analysis, and revenue forecast, as well as a comprehensive analysis. It examines market factors, industry trends, market dynamics, and the top competitors' strengths and weaknesses. The study delves deeply into market competition, constraints, revenue forecasts, opportunities, shifting trends, and industry-validated data. The research begins with an overview of the industrial chain structure before delving deeper into the upstream. Request a Sample Of This Report @  https://www.snsinsider.com/sample-request/3713   The Waveguide market research study provides vital statistics on the industry's current state and serves as a valuable source of guidance and direction for businesses and individuals intereste
Read more