Fitness Tracker Market was valued at USD 22034.2 Million in 2019 and is projected to reach around USD 67931.2 Million by 2025, at a CAGR of 17.45% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2019-2025. Fitness tracker includes high-end activity tracking features and interactive operating systems such factor increase demand for Fitness tracker.
Fitness tracker is a computer application that records a person’s daily physical activity, collected with other data relating to their fitness or health. Fitness trackers are one standard way to keep track of the health progress. Additionally, depending on the tracker type, people can track steps, calories, distance travelled, caloric intake, and even heart rate and sleep. Some fitness trackers offer the features like GPS tracking to map the distance and pace.
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Global fitness tracker market report is segmented on the basis of device type, display type, compatibility, sales channel, application, end-users and regional & country level. Based upon device type, global fitness tracker market is divided into fitness band, smart watch and others. By display type, global fitness tracker market is classified into monochrome display, colored display and others.
Based upon compatibility, global fitness tracker market is divided into IOS, android, windows, Tizen and others. Based upon sales channel, global fitness tracker market is classified into online sales and retail sales. Based upon application, the market is divided into heart rate tracking, sleep measurement tracking, glucose measurement tracking and sports, running, cycling tracking. By end-users, global fitness tracker market is classified into sports, hospitals and diagnosis center and others.
Some major key players for global Fitness tracker market are Fitbit Inc., Sony Corporation, Samsung Electronics Co. Ltd., LumoBodytech Inc., Xiaomi Inc., Fossil Group, Inc., Moov Inc., Sensoria Inc., TomTom International BV, and Motiv Inc., Xiaomi Inc., Jawbone, Nike, Adidas, Misfit Inc., Shenzhen Motto Electronics Co. Ltd., Google LLP, and Apple. Inc., Technologies Co., Ltd., DesayInfor Technology Co. Ltd, DO Intelligent Technology Co., Ltd., NJY Science and Technology Co. Ltd., and Beienda Technology Co.
By Device Type: (Fitness Band, Smart watch, Others)
By Display Type: (Monochrome Display, Colored Display)
By Compatibility: (iOS, Android, Windows, Tizen, Others)
By Age Group: (Adult’s Fitness Tracker, Children’s Fitness Tracker)
By Sales Channel: (Online Sales, Retail Sales)
By Application: (Heart Rate Tracking, Sleep Measurement Tracking, Glucose Measurement Tracking, Sports, Running, Cycling Tracking)
By End-users: (Sports, Hospitals and diagnosis center, Others)
The regions covered in this Fitness tracker Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Fitness tracker is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Fitness tracker Market is anticipated to show a significant growth owing to the increasing adoption of technology, rising acceptance towards smart gadgets and benefits of fitness trackers. In addition, user-friendly devices and growing health awareness are some other factors drives the growth of the fitness tracker market within the forecast period. However, high cost of the devices and constant change in technology or product development are the factors restraining the growth of fitness tracker market. However, increasing health awareness among people may provide an opportunity for growth of fitness tracker market over the forecast period. For example; as per the Fitness industry statistics the industry grew to around 200,000 clubs globally, serving 162 million members, the market is huge to attract more consumer some technology development and cost reduction provide an opportunity to the market. Fitness and lifestyle is the major segment amongst the current 423 wearable device in the market.
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North America hold the major share of the total fitness tracker market in terms of revenue due to the occurrence of some leading fitness tracker providers in this region. APAC region is expected to be the fastest growing market for fitness trackers with established markets, such as Australia and Japan and emerging markets such as China, India, Thailand, and others. Whilst the China fitness industry has experienced high-level development with 2700+ traditional health clubs and growing studio-style establishments, the growth opportunities are now in tier 3 and 4 cities rather than already saturated hubs. Additionally, due to increasing population rate, advancement in technology and stable economic growth are also supplementing the growth in this market. Fitness trackers are widely accepted by the Chinese consumers owing to increase in awareness towards fitness among the people in this country. Europe is likely to show an inspiring raise in the growth of global for fitness tracker consumption due to increased use of fitness tracker in various fields.
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