The Europe Fitness Rings Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Fitness rings are useful when consistent activity tracking is among the primary concerns. Furthermore, due to their compatibility with daily routines like bathing, swimming, exercising, and other activities, fitness rings are projected to gain popularity. Additionally, rising disposable income and increased spending on healthcare gadgets are likely to be important drivers propelling the growth of the fitness rings market in the coming years.
Some fitness rings may also process payments through mobile networks such as Apple Pay or Google Pay. Normally, this feature demands the user to establish a payment profile within the app and authenticate their identity using biometric data like face recognition or fingerprint. Furthermore, rapid technological advancement is expected to raise the need for fitness rings. Thus, it is anticipated that the numerous capabilities of fitness rings will contribute favorably to the expansion of the market for fitness rings in the not-too-distant future.
In this region, the demand for fitness monitoring goods is projected to be driven by growing technology usage, an increase in the acceptability of smart gadgets, and several advantages of fitness monitoring equipment. As more people adopt wearable technology like fitness rings and smartphone apps to continuously monitor their health and prevent health-related issues through effective interventions and behavioral change, wearable technology is increasing, particularly within the healthcare industry. For example, according to the Government of the United Kingdom, the Defence and Security Accelerator (DASA) utilizes wearable technology to offer the UK Armed Services a major possibility to lower damage to in-service people. Hence, the market for fitness rings in this region has been greatly expanded.
The Germany market dominated the Europe Fitness Rings Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44,418.9 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Compatibility, the market is segmented into iOS, Android, Windows, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Fitness Rings Market will Hit $651.6 Million by 2028, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ultrahuman Healthcare Private Limited, Sky Labs, Oura Health Oy, ArcX Technology Ltd, SLEEPON, Circular and Ringly Inc.
By Distribution Channel
By Compatibility
By Country
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