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.

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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

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