Fitness Tracker Market
Fitness Tracker Market Global Industry Assessment & Forecast
Segments Covered
- By Type Smart Watches, Fitness Bands, Smart Clothing, Others
- By Application Heart Rate Tracking, Sleep Monitoring, Glucose Monitoring, Sports, Running, Cycling Tracking, Others
- By Distribution Channel Online, Offline
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 34.6 Billion |
Revenue 2028: | 139.94 Billion |
Revenue CAGR (2021 - 2028): | 19 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
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- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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Type Analysis: Preview
On the basis of Type, the market is segmented into Smart Watches, Fitness Bands, Smart Clothing, Others. Smartwatch held the highest share in the global Fitness Tracker market and is projected to witness the same trend during the forecast period.
Application Analysis: Preview
Based on Application, the market is segmented into Heart Rate Tracking, Sleep Monitoring, Glucose Monitoring, Sports, Running, Cycling Tracking, Others. Running application accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Distribution Channel Analysis: Preview
Based on Distribution Channel, the market is segmented into Online, Offline. dominates the global Fitness Tracker market and is expected to continue the same trend from 2021 to 2028.
Global Fitness Tracker Market: Type Segment Analysis
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- Smart Watches
- Fitness Bands
- Smart Clothing
- Others
Global Fitness Tracker Market: Application Segment Analysis
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- Heart Rate Tracking
- Sleep Monitoring
- Glucose Monitoring
- Sports
- Running
- Cycling Tracking
- Others
Global Fitness Tracker Market: Distribution Channel Segment Analysis
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- Online
- Offline
FAQ
Frequently Asked Question
What is the global demand for Fitness Tracker in terms of revenue?
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The global Fitness Tracker valued at 34.6 Billion in 2020 and is expected to reach 139.94 Billion in 2028 growing at a CAGR of 19%.
Which are the prominent players in the market?
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The prominent players in the market are Garmin, Suunto, Adidas AG, Under Armour, Casio, XiaoMi, Polar, Apple, Sony Corporation, Moov Inc., Nike, Lumo, Bodytech Inc., Samsung, Misfit, Fitbit Inc., Epson, Jawbone, Fitbit..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 19% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Fitness Tracker include
- The rising health & fitness awareness as well as the growing penetration of the internet & smartphones is expected to fuel the growth of the market during the forecast period.
- The increased consumer disposable income levels is expected to propel the growth of the market in the years to come.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Fitness Tracker in 2020.