The demand for high-end technology solutions is predicted to
enhance the growth rate for the fitness tracker market in 2020. The consumer
electronic devices reports are produced by Market Research Future, which
features market options for expansion. A USD 15.88 billion income is predicted
by the end of 2023 with the support of a 13.02% CAGR.
The demand for a healthy lifestyle has been steadily rising in
the global population, and this factor is estimated to enhance the fitness
tracker market share. The user-friendly nature of the devices is estimated to
further enhance the fitness tracker market size in the upcoming period.
Key Players
Eminent players profiled in the global fitness tracker market
report include Apple Inc., Fitbit, Samsung, Garmin, Suunto, Jawbone, Casio,
Polar, Nike, Adidas, Misfit Wearable, Inc., Xiaomi and Nokia and others.
Get
Sample of Report @ https://www.marketresearchfuture.com/sample_request/4336
Rising Prevalence of Health Disorders to offer
Robust Opportunities
The rising prevalence of health disorders will offer robust
opportunities for the market in the forecast period. Desktop lifestyles related
to contemporary living are leading to several health issues including diabetes,
lack of sleep, obesity, and other diseases. Growing health issues and the
frantic work timetables have urged people in commencing daily exercise for
sustaining their health and avoiding numerous health conditions. Besides, the
growing awareness regarding the significance of healthy living will boost the
requisite for fitness activities that in turn will increase the demand for
fitness monitoring products. Moreover, fitness products provide customers with
better flexibility that help in preventing major health conditions.
High Cost to act as Market Restraint
The high cost of fitness tracker coupled with the chances of
data theft for the use of IoT in small fitness trackers may act as market
restraints over the forecast period.
Concerns about Misinterpretation of Data to act as
Market Challenge
The concern regarding misinterpretation of data owing to
sensitivity of devices may act as a market challenge over the forecast period.
COVID-19 Analysis
The COVID-19 pandemic had a positive effect on the global Fitness
Tracker Market Share for the increasing sales of fitness monitoring
devices. The outbreak has increased the awareness about health hence boosting
sales of fitness monitoring products. Leading companies like Garmin and Apple
have experienced a rise in revenue by 20% in 2020 in comparison to 2019.
Manufacturers are creating advanced services and products for helping customers
at this time of crisis. All these are adding to the fitness tracker market
share.
Market Segmentation
The global fitness tracker market is segmented based on age group,
end users, sales channel, product type, wearing type, and application.
By wearing type, the global fitness tracker market is
segmented into legwear, handwear, headwear, and others.
By product type, the global fitness tracker market is
segmented into smart clothing, activity monitors, and smart watches.
By application, the global fitness tracker market is segmented
into running, cycling tracking, tracking and sports, glucose measurement, heart
rate tracking, sleep measurement tracking, and others.
By age group, the global fitness tracker market is segmented
into adult fitness tracker and kids fitness tracker.
By end user, the global fitness tracker is segmented into
sports, diagnosis centre and hospitals, and others.
Regional Analysis
North America to Head Fitness Tracker Market
North America will head the fitness tracker market over the
forecast period chiefly on account of advanced technology with compact design.
Besides, technological advances and increasing awareness about health are also
adding market growth.
Industry Updates
Fitbit has introduced a jewelry inspired fitness tracker,
Fitbit Luxe. It has been designed to appear as a jewelry yet acts like a
wellness and health wristband. This fitness tracker comes with a color screen,
is swim-proof, and has a heart monitor.
Get
complete Report @ https://www.marketresearchfuture.com/reports/fitness-tracker-market-4336
At Market Research Future (MRFR), we enable
our customers to unravel the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide
the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications,
end users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
Media
Contact:
Market
Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson
Street, 5Th Floor
New York,
NY 10013
United
States of America
+1 628
258 0071 (US)
+44 2035
002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
No comments:
Post a Comment