Market Overview:
The global fitness activity monitor market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about health and fitness, growing demand for wearable devices, and rising adoption of fitness activity monitors in medical applications. The global fitness activity monitor market is segmented on the basis of type into wearable, table-top, and other types. The wearable type segment is expected to account for the largest share of the global fitness activity monitor market in 2018 owing to its growing popularity among consumers due to its portability and ease of use. The table-top type segment is projected to grow at a higher CAGR during the forecast period as these devices are increasingly being used in medical applications such as physical therapy and rehabilitation. On the basis of application, the global fitness activity monitor market is divided into medical, sport, and other applications. The medical application segment accounted for majority share of revenue in 2017 owing to increasing adoption rates for these devices by healthcare professionals across different regions for diagnosis or treatment purposes.
Product Definition:
A fitness activity monitor is a wearable device that tracks and monitors physical activity and heart rate. They are often used by athletes, coaches, and trainers to track progress and improvement over time. Fitness activity monitors can be helpful for people who are trying to lose weight or get in shape, as they can provide feedback on how active they are being each day.
Wearable:
Wearable is a device that is directly attached to the body, usually in the form of clothing or jewelry and enables data tracking for health-related purposes. Technological proliferation has led to increased demand for wearable devices in recent years. These devices are used by athletes as well as individuals involved in other physical activities such as running, cycling, swimming etc., to monitor various parameters such as heart rate variability (HRV), oxygen saturation level among others.
Table-top:
Table-top devices are fitness activity monitors that are small in size and can be kept on table or attached to a wall. They display all the essential information such as distance covered, calories burned, time of the day and also show other useful data such as number of steps taken every day. The device is usually used by people who have just started with an exercise routine or those who want to keep track of their daily step count but do not require any sophisticated features.
Application Insights:
The sport application segment led the global fitness activity monitor market in 2017. This can be attributed to the rising number of people engaging in sports and other physical activities. According to a study published by the American College of Sports Medicine, around 60-80% of patients suffering from knee osteoarthritis symptoms improve with weight training. Thus, increasing demand for wearable devices that provide real-time tracking data during exercise is expected to drive growth over the forecast period.
Medical application is expected register significant growth over the forecast period owing to an increase in geriatric population susceptible to various diseases due primarily high blood pressure levels and cholesterol levels coupled with sedentary lifestyle including lack of physical activity will lead them into health problems such as heart diseases, stroke, diabetes mellitus type 2 as well as certain cancers which can be detected early using fitness monitors thus driving medical application demand globally over next eight years or so.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding fitness, rising popularity of wearable devices, and presence of several key players in this region. Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing disposable income and growing health awareness among people in emerging economies such as China and India. Moreover, supportive government initiatives are also expected to drive regional demand during the forecast period. For instance, Fitness First (India) Ltd., a chain of gyms & wellness centers run by Abundant Life Foundation has partnered with Garmin Ltd., a U.S.
Growth Factors:
- Increasing awareness about the health benefits of fitness activity monitors
- Rising disposable income of consumers, which enables them to purchase fitness activity monitors
- Growing demand for wearable technology devices
- Proliferation of e-commerce platforms that offer a wide range of fitness activity monitors at competitive prices
- Technological advancements in the design and functionality of fitness activity monitors
Scope Of The Report
Report Attributes
Report Details
Report Title
Fitness Activity Monitor Market Research Report
By Type
Wearable, Table-top, Other
By Application
Medical, Sport, Other
By Companies
Nike, Apple, Fossil Group, Fitbit, Garmin International, Samsung, Motorola Mobility, Polar, Coros
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Fitness Activity Monitor Market Report Segments:
The global Fitness Activity Monitor market is segmented on the basis of:
Types
Wearable, Table-top, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Sport, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nike
- Apple
- Fossil Group
- Fitbit
- Garmin International
- Samsung
- Motorola Mobility
- Polar
- Coros
Highlights of The Fitness Activity Monitor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wearable
- Table-top
- Other
- By Application:
- Medical
- Sport
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fitness Activity Monitor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fitness activity monitor is a wearable device that tracks your physical activity and provides feedback to help you improve your health. Fitness activity monitors can be used to track steps taken, calories burned, heart rate, and more. They are often marketed as tools for people who want to lose weight or improve their overall health.
Some of the key players operating in the fitness activity monitor market are Nike, Apple, Fossil Group, Fitbit, Garmin International, Samsung, Motorola Mobility, Polar, Coros.
The fitness activity monitor market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fitness Activity Monitor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fitness Activity Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fitness Activity Monitor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fitness Activity Monitor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fitness Activity Monitor Market Size & Forecast, 2020-2028
4.5.1 Fitness Activity Monitor Market Size and Y-o-Y Growth
4.5.2 Fitness Activity Monitor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wearable
5.2.2 Table-top
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Sport
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fitness Activity Monitor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fitness Activity Monitor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wearable
9.6.2 Table-top
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Sport
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wearable
10.6.2 Table-top
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Sport
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wearable
11.6.2 Table-top
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Sport
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wearable
12.6.2 Table-top
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Sport
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wearable
13.6.2 Table-top
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Sport
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fitness Activity Monitor Market: Competitive Dashboard
14.2 Global Fitness Activity Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nike
14.3.2 Apple
14.3.3 Fossil Group
14.3.4 Fitbit
14.3.5 Garmin International
14.3.6 Samsung
14.3.7 Motorola Mobility
14.3.8 Polar
14.3.9 Coros
