Wearable Fitness Trackers Market Expected to Reach $124.32 Billion by 2028

Wearable Fitness Trackers Market Expected to Reach $124.32 Billion by 2028 | Competitive Heatmap and Key Developments

iCrowd Newswire
13 Jan 2022, 20:20 GMT+10

A wearable fitness tracker is a type of electronic device that helps to monitor human activities such as running, walking, heart rate, and sleep quality. It can be a smartwatch or any other device, which is generally linked with smartphones. These trackers can calculate the number of steps somebody walks as well as their heart rate and other indicators.

Allied Market Research published a report, titled, "Wearable Fitness Trackers Market by Device Type (Smartwatches, Fitness Bands, Smart Glasses, Smart Clothing, and Others), Component (Hardware and Software), Connectivity (Bluetooth, Wi-Fi, Cellular, NFC, and Others), Operating System (Android, iOS, Windows, and Tizen), Distribution Channel (Online and Offline), and Application (Running, Cycling, Heart Rate Tracking, Stress Management, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028." According to a report, the global wearable fitness trackers industry size was valued at $38.68 billion in 2020, and is projected to reach $124.32 billion by 2028, registering a CAGR of 17.30%. The Asia-Pacific region is expected to be the leading contributor to the global market during the forecast period, followed by Europe and North America.

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The report offers a detailed analysis of changing market trends, key segments, major investment pockets, competitive landscape, and investment feasibility.

The research offers a detailed analysis of driving factors, restraining factors, and opportunities of the global Wearable fitness tracker market. These insights are helpful in determining further strategies and tap on opportunities to achieve long-term growth. Market players, investors, and new entrants can avail these insights for unlocking the huge potential and achieve a competitive edge.

Major Players in the Wearable fitness tracker market:

The report provides an extensive analysis of top market players operating in the global Wearable fitness tracker market size. The leading market players discussed in the report include Apple Inc., Fossil Group, Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co., Ltd. (Huawei), NIKE, Inc., Samsung Electronics, Sensoria Inc., TomTom N.V., and Xiaomi Corporation.

They offer various strategies such as new product launches, partnerships, joint ventures, mergers and acquisitions, collaborations, expansion, and others to gain long-term growth and make an international presence.

Key Benefits for Stakeholders

This study comprises analytical depiction of the global Wearable fitness tracker market trends along with the future estimations to depict the imminent investment pockets.

The overall Wearable fitness tracker market analysis is determined to understand the profitable trends to gain a stronger foothold.

The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

The current Wearable fitness tracker market forecast is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency.

Porter's five forces analysis illustrates the potency of the buyers and the Wearable fitness tracker market share of key vendors.

The report includes the market trends and the market share of key vendors.

The report provides a detailed segmentation of the global Wearable fitness tracker market share based on type, applications, end user, and region. An extensive analysis of each segment and sub-segment is offered in the report. These insights are represented in the tabular and graphical formats. These insights will offer valuable guidance in adopting various strategies to achieve growth and consolidate market position during the forecast period.

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Wearable fitness tracker market: Regional Analysis

The research offers an extensive competitive landscape for the global Wearable fitness tracker market for various regions and countries. Regions analyzed in the research include North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The data and statistics regarding these regions and countries prove to be valuable in identifying strategies and exploring the potential. AMR also offers the customization services for a specific country, region, and segment as per the requirements.

COVID-19 Impact on Wearable fitness tracker market:

The report provides the impact of the Covid-19 pandemic on the global Wearable fitness tracker market growth. These insights are helpful in improvising strategies and reassessing business models to cope up with the pandemic. The major impact of the pandemic includes interruptions in manufacturing processes, disruptions in supply chain, and lack of availability of workforce. Investors and stakeholder can adapt their strategies by determining the investment feasibility as per the changing scenario.

Questions Answered in the Wearable fitness tracker market Research Report

Which are the leading players active in the Wearable fitness tracker market size?

What are the detailed impacts of COVID-19 on the market?

What current trends will influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the market?

What future projections would help in taking further strategic steps?

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Key Market Segments

By Device Type

Smartwatches

Fitness Bands

Smart Glasses

Smart Clothing

Others

By Component

Hardware

Software

By Component

Bluetooth

Wi-Fi

Cellular

Others

By Operating System

Android

Windows

Tizen

By Distribution Channel

Online

Offline

By Application

Running

Cycling

Heart Rate Tracking

Stress Management

Others

By Region

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- France
- UK
- Italy
- Rest of Europe

Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific

LAMEA
- Latin America
- Middle East
- Africa

The Report Covered in 12 Chapters (400+ Pages)

CHAPTER 1:INTRODUCTION

CHAPTER 2:EXECUTIVE SUMMARY

CHAPTER 3:MARKET OVERVIEW

CHAPTER 4:WEARABLE FITNESS TRACKERS MARKET, BY DEVICE TYPE

CHAPTER 5:WEARABLE FITNESS TRACKERS MARKET, BY COMPONENT

CHAPTER 6:WEARABLE FITNESS TRACKERS MARKET, BY CONNECTIVITY

CHAPTER 7:WEARABLE FITNESS TRACKERS MARKET, BY OPERATING SYSTEM

CHAPTER 8:WEARABLE FITNESS TRACKERS MARKET, BY DISTRIBUTION CHANNEL

CHAPTER 9:WEARABLE FITNESS TRACKERS MARKET, BY APPLICATION

CHAPTER 10:WEARABLE FITNESS TRACKERS MARKET, BY REGION

CHAPTER 11:COMPETITIVE LANDSCAPE

CHAPTER 12:COMPANY PROFILES

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Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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