Edison, NJ -- (SBWIRE) -- 07/25/2019 -- Fitness tracker is an effective device that used to record or monitors the fitness related activities such as running, distance covered, sleep duration and heartbeat. Fitness tracker market is expected to mark significant growth over forecasted period owing to increasing consumers spending on smart gadgets enabled with technology, health awareness and wireless connectivity mode. There has been significant rise in number of people buying smart watches with figure stood up to 71 million in United States alone in 2018, the future for fitness tracker looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the interactive operating systems and high-end activity tracking system.
The report firstly introduced the Fitness Tracker Consumption Market basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.
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Major Key Players in This Report Include,
Apple Inc. (United States), Fitbit (United States), Samsung (South Korea), Garmin (United States), Suunto (Finland), Jawbone (United States), Casio (Japan), Polar (Finland), Nike (United States) and Adidas (Germany)
The market study is being classified by Type (Basic and Smart), by Application (Specialist Retailers, Factory outlets, Internet sales and Others) and major geographies with country level break-up. According to AMA, the Global Fitness Tracker Consumption market is expected to see growth rate of 19.7% and may see market size of USD68762.5 Million by 2024.
On the basis of geography, the market of Fitness Tracker Consumption has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Wearing, the sub-segment i.e. Handwear will boost the Fitness Tracker Consumption market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
The Global Fitness Tracker Consumption Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.
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Market Trend
Rise in research and developments and cost effective product portfolio.
Collaboration and Tie Up Of Leading Players
Market Drivers
Rise in Demand of Smart Gadgets and Wireless Devices Boost the Market.
Increase Health Awareness among Customer Fuelled up the Market.
Rapid Adoption of Internet of Things (IoT) Ecosystem is Propelled the Market.
Opportunities
Rise in fitness enthusiasts and change in lifestyle expected to boost the Market.
Upsurge Demand of Fitness Tracker Due to User Friendly in Nature.
Restraints
High Cost Associated with Devices Hampers the Fitness Tracker Market.
Rapid Change in Technology and Product Advancements Leads to Restrain the Market.
Challenges
Limitation Due to Data Theft Risk Anticipated to Challenge the Market.
Sophisticated Programming in Fitness Tracker Threat the Global Market.
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Global Fitness Tracker Consumption Market Size
2.2 Fitness Tracker Consumption Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Global Fitness Tracker Consumption Market Size by Manufacturers
3.2 Global Fitness Tracker Consumption Key Players Head office and Area Served
3.3 Key Players Product/Solution/Service
3.4 Enter barriers in Fitness Tracker Consumption Market
3.5 Mergers, Acquisitions, Expansion Plans
4 Fitness Tracker Consumption Market by Product
4.1 Global Fitness Tracker Consumption Sales by Product
4.2 Global Fitness Tracker Consumption Revenue by Product
4.3 Global Fitness Tracker Consumption Price by Product
5 Fitness Tracker Consumption Market by End User
5.1 Overview
5.2 Fitness Tracker Consumption by End User
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