The Fitness Tracker Market is Predict to reach USD 157.7 billion by 2030, at a CAGR of 17.5%
Special Offering :
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Fitness Tracker Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Fitness Tracker Market size is expected to reach $157.7 billion by 2030, rising at a market growth of 17.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,45,182.4 thousand units, experiencing a growth of 20.7% (2019-2022).
The Offline segment would exhibit a CAGR of 16.6% during (2023 - 2030). Some users may prefer offline modes for various reasons, including concerns about data privacy or a desire to use fitness trackers independently of constant connectivity. Fitness trackers offering robust offline capabilities cater to users seeking a more standalone experience. Thus, these aspects will pose lucrative growth prospects for the segment.
The Smart Watches segment is generating highest revenue in the Global Fitness Tracker Market by Type in 2022; thereby, achieving a market value of $78.6 billion by 2030. Modern smart watches come equipped with a comprehensive suite of fitness-tracking features. These may include step counting, distance traveled, calorie expenditure, and heart rate monitoring. Integrating these functionalities allows users to consolidate their fitness and health monitoring needs into a single device. Hence, these aspects will boost the demand in the segment.
The Sports segment is experiencing a CAGR of 17.2% during (2023 - 2030). Manufacturers are developing fitness trackers with specialized features tailored to different sports and physical activities. Whether it's running, cycling, swimming, or other sports, users can benefit from specific metrics and insights related to their chosen activity. This customization enhances the user experience and attracts a broader range of sports enthusiasts. Hence, these aspects will assist in the growth of the segment.
Full Report: https://www.kbvresearch.com/fitness-tracker-market/
The North America region dominated the Global Fitness Tracker Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $62.5 billion by 2030. The Europe region is anticipated to grow at a CAGR of 17.2% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 18.4% during (2023 - 2030).
List of Key Companies Profiled
- Adidas AG
- Apple Inc.
- Nike, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Google LLC (Alphabet Inc.)
- Garmin Ltd.
- Xiaomi Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Fossil Group, Inc.
- Sony Corporation
Fitness Tracker Market Report Segmentation
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
- Online
- Offline
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Smart Watches
- Smart Bands
- Others
By Application
- Running
- Sports
- Cycling Tracking
- Glucose Monitoring
- Heart Rate Tracking
- Sleep Monitoring
- Others
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Related Reports:
Japan Fitness Tracker Market Size | Industry Forecast 2030
- May-2024
- 101 Pages
Germany Fitness Tracker Market Size, Share & Forecast 2030
- May-2024
- 101 Pages
US Fitness Tracker Market Size, Growth Trend Report | 2030
- May-2024
- 101 Pages
North America Fitness Tracker Market Size, Share | 2030
- February-2024
- 144 Pages
LAMEA Fitness Tracker Market Size & Growth Report | 2030
- February-2024
- 158 Pages
Europe Fitness Tracker Market Size, Growth Trends | 2030
- February-2024
- 159 Pages
Asia Pacific Fitness Tracker Market Size, Share | 2030
- February-2024
- 161 Pages