According to a recent market study published by Growth Market Reports, titled, “Global Smart Scale Market” by types, by applications, by distribution channel, and by regions: Size, Share, Trends and Opportunity Analysis, 2019-2030”, the market was valued at USD 3,184.0 Million in 2021 and is expected to grow at a growth rate of 5.7% by the year 2030.

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As per Growth Market Reports industry analyst Sakshi Bhoyar, “Global Smart Scale Market is anticipated to witness significant growth during the forecast period 2022-2030. Key players in the smart scale market increased their focus on introducing smart scales with advanced technology and unique materials that provide users with accurate results. These factors are anticipated to boost the Smart Scale market during the forecast period.

Smart scales are technologically advanced systems that easily connect with android or tablets of users and display tracked information in an app. Smart scales are used to track fitness and health. It helps in monitoring multiple biometric measurements such as BMI, water percentage, fat percentage, protein, bone density, muscle mass, and heart rate. Increasing adoption of smart scales in various applications including gyms, healthcare facilities, Zumba centers, yoga centers, aerobic centers, fitness clubs, and laughter clubs is expected to drive the market during the forecast period.

Growing diabetic and obese population across the globe boosts the demand for smart scales among consumers. Market players are implementing different strategies such as upgrading existing technologies and deploying innovative technologies to increase their customer base. These factors are anticipated to generate opportunities in the market.

Key factors that are anticipated to fuel the demand for the global smart scale market during the forecast period, due to rising health awareness among consumers and increasing number of gyms, health, and fitness clubs. Conversely, the availability of substitute products at competitive prices such as digital scales hamper the growth of the smart scale market. Increasing focus by manufacturers to continuously develop innovative products to attract consumers is creating lucrative opportunities for market players.

The primary as well as secondary research methodology is used for keen observation and study about the smart scale market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry.

On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations.

In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways of Global Smart Scale

  • The players include Fitbit, Withings, Blipcare, Tanita, Taylor Precision Products Inc, iHealth Lab, Inc, Qardio, Inc, Garmin Ltd., Eufy, PICOOC, Xiaomi, Shenzhen Yolanda Technology Co.,Ltd, and Pyle.
  • On the basis of type, the glass platform segment is estimated to expand at a significant pace during the forecast period, due to growing adoption of tempered glass by key manufacturers of smart scales. Thick glass used to manufacture smart scales is unbreakable with normal use and provides long-lasting product benefits by giving an attractive look.
  • Based on applications, the residential segment is estimated to grow in the near future, due to rising trend among millennials to constantly track their weight and perform physical activities at home. High growth of the gym segment is attributed to the expansion of gyms and health clubs in emerging countries, thus creating opportunities in the market.
  • In terms of distribution channel, the online segment is anticipated to grow in the near future. High growth of the e-commerce sector across the globe, due to increasing digitization, is boosting the market. High Internet penetration and growing use of smartphones are expected to fuel the market during the forecast period.
  • In terms of regions, the global Smart Scale markets are split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific constituted a significant share of the market, due to continuous growth in the number of gym-going demographic and high growth of the obese population. Increasing health awareness and rising willingness of consumers to spend on health and fitness clubs are encouraging the demand for smart scales.

Report Scope

Report Metric

Details

Market Value in 2021

USD 3,184.0 Million

Market Growth Rate (from 2020 to 2028)

5.7%

Historical Data

2019 & 2020

Base Year

2021

Forecast Period

2021 – 2030

Units Considered

Value (USD Million), Volume (K Units)

Market Segments

By Types, By Applications, By Distribution Channels, and By Regions

Key Companies Profiled

Fitbit, Withings, Blipcare, Tanita, Taylor Precision Products Inc, iHealth Lab, Inc, Qardio, Inc, Garmin Ltd., Eufy, PICOOC, Xiaomi, Shenzhen Yolanda Technology Co.,Ltd, and Pyle

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Raw material suppliers and Manufactures
  • Demand Side: Residential, Gym, Health Facilities, and Others
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.