Smart Fitness Devices Market cover

Smart Fitness Devices Market by Types (Bike-mount, Torso-wear, Hand-wear, Head-wear, and Leg-wear), Products (Smart Clothing, Smartwatch, Smart Shoes, Bike Computers, Wristband, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3046
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 4
  • No. Of Pages: 194
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The global smart fitness devices market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rapid adoption among individuals to track their activities related to fitness.

Smart Fitness Devices Market summary

Smart fitness is a device that tracks position, movement, and rotation using sensors. The device gathers information and translates it into steps, calories burned, sleep quality, and overall activity. Some trackers even contain an 'altimeter' sensor that measures height, allowing to keep track of how many flights of stairs a person climbed. It can easily detect whether a person is running or spinning. The alarm in the device reminds about a range related to several things, such as walking, drinking enough water, completing the number of steps, standing, sleeping on the right time and others. The impact of COVID-19 pandemic has been positive on the smart fitness devices market owing to the awareness for wellness and healthy lifestyle.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising awareness related to health and fitness is one of the key factors driving the market growth.
  • Increasing prevalence of health disorders is expected to boost the market growth in the coming years.
  • Issues related to safety and privacy is anticipated to hamper the market expansion during the projected period.
  • High costs associated with smart devices present a major challenge. This is likely to hinder the market growth during the forecast period.
  • Growing use of smart devices in urban population is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global smart fitness devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Fitness Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Bike-mount, Torso-wear, Hand-wear, Head-wear, and Leg-wear) and Products (Smart Clothing, Smartwatch, Smart Shoes, Bike Computers, Wristband, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Samsung Electronics Co., Ltd.; Xiaomi Inc.; Fitbit Inc.; Garmin Ltd.; Jawbone; LG Electronics Inc.; Polar Electro, Inc.; Sony Mobile Communications Inc.; Under Armour, Inc.; and Apple Inc.

Market Segment Insights

Hand-wear segment is expected to grow at a rapid pace

Based on types, the global smart fitness devices market is divided into bike-mount, torso-wear, hand-wear, head-wear, and leg-wear. The hand-wear segment is expected to grow at a rapid pace during the forecast period owing to increasing awareness on health and fitness, rising disposable income, and growing demand for self-monitoring devices. However, the bike-mount, torso-wear, head-wear, and leg-wear segments are anticipated to hold a key share of the market in the coming years due to the rising awareness and capability of providing specific use to the user.

Smart Fitness Devices Market types

Functions offered to drive smartwatch segment

On the basis of products, the market is segregated into smart clothing, smartwatch, smart shoes, bike computers, wristband, and others. The smartwatch segment is projected to expand at a considerable CAGR during the forecast period attributed to a numerous functions offered by smartwatches, which helps an individual in maintaining and tracking their routine. On the other hand, the smart clothing segment is anticipated to account for a major market share during the forecast period due to conductive fibers or sensors woven into and attached to the clothing material, which provides data to the smartphone, so that the user can evaluate the information.

North America to constitute a key market share

In terms of regions, the global smart fitness devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the presence of wide consumer base and established manufacturers in the region. However, the market of Europe is anticipated to expand at a rapid pace during the forecast period attributed to rising investments by key players in developing prototype solutions & systems in the areas of fitness wearables, smart textiles, and well-being across the region.

Smart Fitness Devices Market region

Segments

Segments Covered in the Report

The global smart fitness devices market has been segmented on the basis of

Types

  • Bike-mount
  • Torso-wear
  • Hand-wear
  • Head-wear
  • Leg-wear

Products

  • Smart Clothing
  • Smartwatch
  • Smart Shoes
  • Bike Computers
  • Wristband
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Samsung Electronics Co., Ltd.
  • Xiaomi Inc.
  • Fitbit Inc.
  • Garmin Ltd.
  • Jawbone
  • LG Electronics Inc.
  • Polar Electro, Inc.
  • Sony Mobile Communications Inc.
  • Under Armour, Inc.
  • Apple Inc.

Competitive Landscape

Key players competing in the global smart fitness devices market are Samsung Electronics Co., Ltd.; Xiaomi Inc.; Fitbit Inc.; Garmin Ltd.; Jawbone; LG Electronics Inc.; Polar Electro, Inc.; Sony Mobile Communications Inc.; Under Armour, Inc.; and Apple Inc. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Smart Fitness Devices Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Fitness Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Fitness Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Fitness Devices Market - Supply Chain
  4.5. Global Smart Fitness Devices Market Forecast
     4.5.1. Smart Fitness Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Fitness Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Fitness Devices Market Absolute $ Opportunity
5. Global Smart Fitness Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Smart Fitness Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Smart Fitness Devices Demand Share Forecast, 2019-2026
6. North America Smart Fitness Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Smart Fitness Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Smart Fitness Devices Demand Share Forecast, 2019-2026
7. Latin America Smart Fitness Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Smart Fitness Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Smart Fitness Devices Demand Share Forecast, 2019-2026
8. Europe Smart Fitness Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Smart Fitness Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Smart Fitness Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Fitness Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Smart Fitness Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Smart Fitness Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Fitness Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Smart Fitness Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Smart Fitness Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Smart Fitness Devices Market: Market Share Analysis
  11.2. Smart Fitness Devices Distributors and Customers
  11.3. Smart Fitness Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Samsung Electronics Co., Ltd.
     11.4.2. Xiaomi Inc.
     11.4.3. Fitbit Inc.
     11.4.4. Garmin Ltd.
     11.4.5. Jawbone
     11.4.6. LG Electronics Inc.
     11.4.7. Polar Electro, Inc.

Segments Covered in the Report

The global smart fitness devices market has been segmented on the basis of

Types

  • Bike-mount
  • Torso-wear
  • Hand-wear
  • Head-wear
  • Leg-wear

Products

  • Smart Clothing
  • Smartwatch
  • Smart Shoes
  • Bike Computers
  • Wristband
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Samsung Electronics Co., Ltd.
  • Xiaomi Inc.
  • Fitbit Inc.
  • Garmin Ltd.
  • Jawbone
  • LG Electronics Inc.
  • Polar Electro, Inc.
  • Sony Mobile Communications Inc.
  • Under Armour, Inc.
  • Apple Inc.

Key players competing in the global smart fitness devices market are Samsung Electronics Co., Ltd.; Xiaomi Inc.; Fitbit Inc.; Garmin Ltd.; Jawbone; LG Electronics Inc.; Polar Electro, Inc.; Sony Mobile Communications Inc.; Under Armour, Inc.; and Apple Inc. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Smart Fitness Devices Market keyplayers

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