Market Overview:
The global smart fitness 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 demand for smart fitness devices from various end-use applications, such as head-wear, leg-wear, bike mount, torso-wear and hand-wear. Additionally, the growing awareness about health and fitness among consumers is also propelling the growth of the global smart fitness market. Regionally, North America dominates the global smart fitness market followed by Europe and Asia Pacific. The dominance of these regions can be attributed to factors such as rising disposable income levels in these regions and increasing adoption of technologically advanced products among consumers in these regions.
Product Definition:
Smart fitness is the use of technology to help people stay fit and healthy. This can include using apps to track workouts, using wearable devices to monitor heart rate and other health metrics, or simply searching the internet for information on how to stay healthy. The importance of smart fitness is that it can help people make better choices about their health and fitness, and it can also provide motivation to keep working out.
Smartwatch:
Smartwatch is wearable device that can be connected to mobile devices through Bluetooth and Wi-Fi. It provides features such as heart rate monitor, pedometer, sleep monitor and also has some health applications. The global smartwatch shipments were estimated to be over 2 million units in 2015.
Wristband:
Wristband is a device or an accessory which can be used to track the number of steps taken, calories burned and other fitness related information. The wristband consists of sensors which can measure the physical activity i.e. step count, calorie count and also display other health related information such as heart rate, blood oxygen level etc on its OLED screen by using various algorithms based on user preference settings.
Application Insights:
The head-wear application segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. This can be attributed to growing demand for advanced technologies, such as brain activity measurement and heart rate monitoring, in order to improve mental health. Moreover, increasing use of smart glasses is also expected to drive growth over the coming years. For instance, Fitbit Versa has a built-in heart rate monitor that tracks heartbeat throughout the day and shares it with friends on social media platforms if required. Such factors are likely to increase consumer interest in fitness devices that offer enhanced experience while wearing them on head or eyesight organsically known as visor mode which will boost overall market growth during future phases of development.
The leg-wear application segment is expected witness significant growth during future phases owing to rising demand for advanced technology products especially among female consumers who prefer more fashionable fitness trackers with features such as step counter.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Regionally, the North American market is segmented into U.S., Canada, and Mexico. Increasing adoption of wearable devices by fitness enthusiasts to monitor their daily activity and sleep patterns for maintaining a healthy lifestyle is one of the major factors driving regional growth. Furthermore, presence of key players such as Apple Inc.; Google LLC; Samsung Electronics Co., Ltd.
Growth Factors:
- Increasing awareness about the importance of fitness and health among people, especially in developed countries.
- Rising disposable income of people, which enables them to spend more on Smart Fitness devices and services.
- Growing demand for healthy lifestyle among the young population, who are increasingly becoming aware of the benefits of staying fit and adopting a healthy diet & exercise routine at an early age.
- Proliferation of health-related information through various channels such as social media, internet etc., which has helped create awareness about the importance of fitness and encouraged people to adopt Smart Fitness devices/services for better health outcomes .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Fitness Market Research Report
By Type
Smartwatch, Wristband, Smart Clothing, Smart Shoes, Bike Computers, Treadmill, Others
By Application
Head-wear, Leg-wear, Bike mount, Torso-wear, Hand-wear, Others
By Companies
Apple Inc., Fitbit Inc., Garmin Ltd, Jawbone, LG Electronics, MAD Apparel, Inc., OMsignal, Polar Electro, Inc, Samsung Electronics Co., Ltd, Sony Mobile Communications Inc., Under Armour, Inc, Xiaomi Inc., Motorola/Lenovo, Pebble, Withings, Asus, Huawei, ZTE, InWatch, Casio, TAG Heuer, TomTom, Qualcomm, Weloop, Pulsense, Geak, SmartQ, Hopu, Truly
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Smart Fitness Market Report Segments:
The global Smart Fitness market is segmented on the basis of:
Types
Smartwatch, Wristband, Smart Clothing, Smart Shoes, Bike Computers, Treadmill, Others
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
Head-wear, Leg-wear, Bike mount, Torso-wear, Hand-wear, Others
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:
- Apple Inc.
- Fitbit Inc.
- Garmin Ltd
- Jawbone
- LG Electronics
- MAD Apparel, Inc.
- OMsignal
- Polar Electro, Inc
- Samsung Electronics Co., Ltd
- Sony Mobile Communications Inc.
- Under Armour, Inc
- Xiaomi Inc.
- Motorola/Lenovo
- Pebble
- Withings
- Asus
- Huawei
- ZTE
- InWatch
- Casio
- TAG Heuer
- TomTom
- Qualcomm
- Weloop
- Pulsense
- Geak
- SmartQ
- Hopu
- Truly
Highlights of The Smart Fitness 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:
- Smartwatch
- Wristband
- Smart Clothing
- Smart Shoes
- Bike Computers
- Treadmill
- Others
- By Application:
- Head-wear
- Leg-wear
- Bike mount
- Torso-wear
- Hand-wear
- Others
- 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 Smart Fitness 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.
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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?
Smart Fitness is a term used to describe fitness technology that helps people stay active and healthy. Smart fitness devices can track your activity, monitor your health, and provide guidance to help you stay on track.
Some of the key players operating in the smart fitness market are Apple Inc., Fitbit Inc., Garmin Ltd, Jawbone, LG Electronics, MAD Apparel, Inc., OMsignal, Polar Electro, Inc, Samsung Electronics Co., Ltd, Sony Mobile Communications Inc., Under Armour, Inc, Xiaomi Inc., Motorola/Lenovo, Pebble, Withings, Asus, Huawei, ZTE, InWatch, Casio, TAG Heuer, TomTom, Qualcomm, Weloop, Pulsense, Geak, SmartQ, Hopu, Truly.
The smart fitness 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 Smart Fitness 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 Smart Fitness Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Fitness 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 Smart Fitness 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 Smart Fitness Market Size & Forecast, 2018-2028
4.5.1 Smart Fitness Market Size and Y-o-Y Growth
4.5.2 Smart Fitness Market Absolute $ Opportunity
Chapter 5 Global Smart Fitness 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 Smart Fitness Market Size Forecast by Type
5.2.1 Smartwatch
5.2.2 Wristband
5.2.3 Smart Clothing
5.2.4 Smart Shoes
5.2.5 Bike Computers
5.2.6 Treadmill
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Fitness 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 Smart Fitness Market Size Forecast by Applications
6.2.1 Head-wear
6.2.2 Leg-wear
6.2.3 Bike mount
6.2.4 Torso-wear
6.2.5 Hand-wear
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Fitness 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 Smart Fitness 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 Smart Fitness Analysis and Forecast
9.1 Introduction
9.2 North America Smart Fitness 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 Smart Fitness Market Size Forecast by Type
9.6.1 Smartwatch
9.6.2 Wristband
9.6.3 Smart Clothing
9.6.4 Smart Shoes
9.6.5 Bike Computers
9.6.6 Treadmill
9.6.7 Others
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 Smart Fitness Market Size Forecast by Applications
9.10.1 Head-wear
9.10.2 Leg-wear
9.10.3 Bike mount
9.10.4 Torso-wear
9.10.5 Hand-wear
9.10.6 Others
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 Smart Fitness Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Fitness 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 Smart Fitness Market Size Forecast by Type
10.6.1 Smartwatch
10.6.2 Wristband
10.6.3 Smart Clothing
10.6.4 Smart Shoes
10.6.5 Bike Computers
10.6.6 Treadmill
10.6.7 Others
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 Smart Fitness Market Size Forecast by Applications
10.10.1 Head-wear
10.10.2 Leg-wear
10.10.3 Bike mount
10.10.4 Torso-wear
10.10.5 Hand-wear
10.10.6 Others
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 Smart Fitness Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Fitness 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 Smart Fitness Market Size Forecast by Type
11.6.1 Smartwatch
11.6.2 Wristband
11.6.3 Smart Clothing
11.6.4 Smart Shoes
11.6.5 Bike Computers
11.6.6 Treadmill
11.6.7 Others
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 Smart Fitness Market Size Forecast by Applications
11.10.1 Head-wear
11.10.2 Leg-wear
11.10.3 Bike mount
11.10.4 Torso-wear
11.10.5 Hand-wear
11.10.6 Others
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 Smart Fitness Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Fitness 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 Smart Fitness Market Size Forecast by Type
12.6.1 Smartwatch
12.6.2 Wristband
12.6.3 Smart Clothing
12.6.4 Smart Shoes
12.6.5 Bike Computers
12.6.6 Treadmill
12.6.7 Others
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 Smart Fitness Market Size Forecast by Applications
12.10.1 Head-wear
12.10.2 Leg-wear
12.10.3 Bike mount
12.10.4 Torso-wear
12.10.5 Hand-wear
12.10.6 Others
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) Smart Fitness Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Fitness 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) Smart Fitness Market Size Forecast by Type
13.6.1 Smartwatch
13.6.2 Wristband
13.6.3 Smart Clothing
13.6.4 Smart Shoes
13.6.5 Bike Computers
13.6.6 Treadmill
13.6.7 Others
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) Smart Fitness Market Size Forecast by Applications
13.10.1 Head-wear
13.10.2 Leg-wear
13.10.3 Bike mount
13.10.4 Torso-wear
13.10.5 Hand-wear
13.10.6 Others
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 Smart Fitness Market: Competitive Dashboard
14.2 Global Smart Fitness Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple Inc.
14.3.2 Fitbit Inc.
14.3.3 Garmin Ltd
14.3.4 Jawbone
14.3.5 LG Electronics
14.3.6 MAD Apparel, Inc.
14.3.7 OMsignal
14.3.8 Polar Electro, Inc
14.3.9 Samsung Electronics Co., Ltd
14.3.10 Sony Mobile Communications Inc.
14.3.11 Under Armour, Inc
14.3.12 Xiaomi Inc.
14.3.13 Motorola/Lenovo
14.3.14 Pebble
14.3.15 Withings
14.3.16 Asus
14.3.17 Huawei
14.3.18 ZTE
14.3.19 InWatch
14.3.20 Casio
14.3.21 TAG Heuer
14.3.22 TomTom
14.3.23 Qualcomm
14.3.24 Weloop
14.3.25 Pulsense
14.3.26 Geak
14.3.27 SmartQ
14.3.28 Hopu
14.3.29 Truly
