The revenue from the global wearable fitness trackers market to increase from US$ 21.66 Bn in 2017 to US$ 93.69 Bn by 2027 end, representing a CAGR of 15.8% from 2017 to 2027. This increasing revenue growth is attributed to the launch of new wearable fitness trackers.
Albany, NY -- (SBWIRE) -- 10/11/2017 -- A new report added to the repository of Market Research Reports Search Engine, "Wearable Fitness Trackers Market: Wrist Wear Product Type Segment Expected to Remain Dominant over the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)" is a comprehensive repository of information, providing market share, size, and forecast.
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The analysts of Future Market Insights have adopted a systematic research approach while examining the global wearable fitness tracker market in a recently published report titled "Wearable Fitness Trackers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)." The expert team of researchers have used in-depth secondary research to arrive at the overall market size, top industry players, top products and industry associations. The analysts has conducted interviews with industry experts, players, distributors and retailers. They have noticed that the Western Europe and North America regional markets are expected to grow rapidly due to sustainable revenue generation from the sale of wearable fitness trackers in both the region. Significant market potential exists in countries in Asia Pacific such as China and India. After a detailed study of the global wearable fitness tracker market, the U.S. is expected to remain as the key market in the global wearable fitness trackers market. The report covers the developmental strategy and product innovation adopted by key players and highlights the vertical market approach. The analysts have further observed that acquisitions, mergers, and collaborations are key strategies adopted by various manufacturers to increase customer base in different geographies in the global wearable fitness tracker market.
This comprehensive report covers the growth rate projections and forecast factors of the global wearable fitness tracker market. The report consists of the market introduction that includes market definition and taxonomy. The report also presents the overall market approach and underlines factors influencing the growth of the global wearable fitness tracker market along with a detailing of the key trends, drivers, restraints, opportunities and regulations. Impact analysis of key regional growth drivers and restraints based on the weighted average model along with key region-specific trends has been included to better equip clients with information and hidden insights. The prices of wearable fitness trackers have been tracked at the manufacturer level after conversion through trade websites and based on primary interviews.
Growth in the industrial sector, per capita income, purchasing power parity, GDP growth, and health and safety products, have been closely referred to arrive at the market forecast. Market splits have been deduced from surveys and primary research. At the end of the report, Future Market Insights provides key strategic recommendations for both existing and new players in the global wearable fitness tracker market to emerge sustainably profitable.
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The forecast presented in report assesses total revenue of the global wearable fitness tracker market. When developing the forecast of the market, the starting point involves sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics, we triangulated the outcome on the basis of analysis based on supply and demand sides. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
The report also takes into consideration year-on-year growth to understand the predictability of the market and to identify the right opportunities across the global wearable fitness tracker market. As previously highlighted, the market for global wearable fitness tracker market is split into various categories. All these segments have been analyzed in terms of BPS to understand the individual segment's relative contribution to the market growth. This detail information is important for the identification of various key trends in the global wearable fitness tracker market.
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