Global Fitness Tracker Market 2024-2028
Global Fitness Tracker Market 2024-2028
The fitness tracker market is forecasted to grow by USD 67806.4 mn during 2023-2028, accelerating at a CAGR of 19.95% during the forecast period. The report on the fitness tracker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of fitness tracker in emerging countries, growing adoption of wearable devices, and increasing awareness about benefits of healthy lifestyle.
Technavio's fitness tracker market is segmented as below:
By Application
- Running
- Cycling
- Heart rate tracking
- Stress management
- Others
By Distribution Channel
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increase in new product launches of fitness trackers as one of the prime reasons driving the fitness tracker market growth during the next few years. Also, increase in number of mergers and acquisitions and collaborations and increasing use of wearable devices in sports analytics will lead to sizable demand in the market.
The report on the fitness tracker market covers the following areas:
- Fitness tracker market sizing
- Fitness tracker market forecast
- Fitness tracker market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fitness tracker market vendors that include Alphabet Inc., Apple Inc., DO Technology Co. Ltd., Fossil Group Inc., Garmin Ltd., Hexoskin, Huawei Technologies Co. Ltd., Lenovo Group Ltd., Mensa Brand Technologies Pte Ltd., Moov Inc., Nike Inc., NURVV Ltd., Oura Health Oy, Samsung Electronics Co. Ltd., Sensoria Inc., Shenzhen Beienda Technology Co. Ltd., Sony Group Corp., Withings, Xiaomi Communications Co. Ltd., and Zepp Health Corp.. Also, the fitness tracker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.