Market Overview:
The global smart fitness wear market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart fitness wear from athletes and sports enthusiasts, rising awareness about the benefits of using smart fitness wear, and technological advancements in this field. The global smart fitness wear market can be segmented on the basis of type intosmartwatch, wristband,smart clothing, shoes, bike computers, and others. On the basis of application,the market can be divided into sports,fitness,, personal medical care,, assisted living,.and others. Geographically speaking,.the global smart fitness wearmarket is segmented intonorth America,, Latin America,, Europe., Asia Pacific., and Middle East & Africa. Among these regions,.This region is witnessing an increase in adoption of advanced technologies such as artificial intelligence (AI)and Internet-of-Things (IoT), which are aidingin themarketgrowthhere.
Product Definition:
Smart fitness wear is a category of wearable technology that encompasses devices and clothing with built-in sensors and microchips that track activity, heart rate, calories burned, and other health metrics. Most smart fitness wearables connect to companion apps on smartphones or other devices to provide data tracking and analysis. The primary benefit of using smart fitness wear is that it enables people to monitor their physical activity and health more closely, which can lead to better overall health outcomes. Additionally, many smart fitness wearables offer features such as goal setting, social networking support, personal coaching advice, etc., that can further motivate people to stay active.
Smartwatch:
Smartwatch is a wrist-worn wearable device that provides functionalities beyond the basic tracking of traditional fitness devices. It can be used to monitor calls, texts, emails and other forms of communication as well as control music and other entertainment related functions. The global smartwatch shipments were estimated at over 2 million units in 2015.
Wristband:
Wristband is a device or an accessory which can be used to monitor the physical activities such as step count, heart rate, sleep pattern and also to control music on smartphones. The wristband consists of sensors which can measure different parameters such as blood oxygen level and also contains Bluetooth connectivity so that it can be connected with other devices like smart fitness wearables.
Application Insights:
The sports application segment led the global smart fitness wear market in 2017. The increasing use of wearable devices for tracking and monitoring athletes¢â‚¬â„¢ performance is expected to drive the growth of this segment over the forecast period. For instance, Under Armour has been developing a digital health platform for its employees which includes a heart rate monitor, GPS watch and others. This platform will be made available to consumers through the UA HealthVault service which will enable them to access their data from anywhere as well as share it with their doctors or coaches.
The assisted living application segment is expected to witness significant growth over the forecast period owing to rising geriatric population across various regions including North America, Europe, Asia Pacific and Middle East & Africa which may require assistance in daily activities such as bathing, dressing etcetera.
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 penetration of smart fitness wear devices, such as smartwatches and fitness trackers, along with rising awareness about their benefits among individuals in this region. For instance, according to a study published by GlobalWebIndex in 2018, U.S., Germany and China are some of the countries where majority of population use smartphones other than basic feature phones (less than 10% market share).
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing adoption of wearable technology across various applications including sports and fitness sector especially among youth population in emerging economies such as India and China.
Growth Factors:
- Increasing awareness about the health benefits of fitness wearables
- Rising demand for personalized and customized fitness wearables
- Proliferation of affordable fitness wearables options
- Growing popularity of smartwatch-based health tracking solutions
- Increasing number of health and wellness-focused events and programs
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Fitness Wear Market Research Report
By Type
Smartwatch, Wristband, Smart Clothing, Shoes, Bike Computers, Others
By Application
Sports, Fitness, Personal Medical, Assisted Living
By Companies
Apple, Samsung Electronics, Sony Corporation, Fitbit, Goqii, Garmin, Jawbone, Misfit, Sensoria, Xiaomi, Apple
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Smart Fitness Wear Market Report Segments:
The global Smart Fitness Wear market is segmented on the basis of:
Types
Smartwatch, Wristband, Smart Clothing, Shoes, Bike Computers, 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
Sports, Fitness, Personal Medical, Assisted Living
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
- Samsung Electronics
- Sony Corporation
- Fitbit
- Goqii
- Garmin
- Jawbone
- Misfit
- Sensoria
- Xiaomi
- Apple
Highlights of The Smart Fitness Wear 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
- Shoes
- Bike Computers
- Others
- By Application:
- Sports
- Fitness
- Personal Medical
- Assisted Living
- 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 Wear 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
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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 Wear is a wearable device that tracks fitness data and sends alerts to the user when they reach certain milestones. The device can also be used to control music playback, track sleep patterns, and monitor heart rate.
Some of the key players operating in the smart fitness wear market are Apple, Samsung Electronics, Sony Corporation, Fitbit, Goqii, Garmin, Jawbone, Misfit, Sensoria, Xiaomi, Apple.
The smart fitness wear market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Fitness Wear 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 Wear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Fitness Wear 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 Wear 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 Wear Market Size & Forecast, 2018-2028
4.5.1 Smart Fitness Wear Market Size and Y-o-Y Growth
4.5.2 Smart Fitness Wear Market Absolute $ Opportunity
Chapter 5 Global Smart Fitness Wear 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 Wear Market Size Forecast by Type
5.2.1 Smartwatch
5.2.2 Wristband
5.2.3 Smart Clothing
5.2.4 Shoes
5.2.5 Bike Computers
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Fitness Wear 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 Wear Market Size Forecast by Applications
6.2.1 Sports
6.2.2 Fitness
6.2.3 Personal Medical
6.2.4 Assisted Living
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Fitness Wear 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 Wear 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 Wear Analysis and Forecast
9.1 Introduction
9.2 North America Smart Fitness Wear 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 Wear Market Size Forecast by Type
9.6.1 Smartwatch
9.6.2 Wristband
9.6.3 Smart Clothing
9.6.4 Shoes
9.6.5 Bike Computers
9.6.6 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 Wear Market Size Forecast by Applications
9.10.1 Sports
9.10.2 Fitness
9.10.3 Personal Medical
9.10.4 Assisted Living
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 Wear Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Fitness Wear 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 Wear Market Size Forecast by Type
10.6.1 Smartwatch
10.6.2 Wristband
10.6.3 Smart Clothing
10.6.4 Shoes
10.6.5 Bike Computers
10.6.6 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 Wear Market Size Forecast by Applications
10.10.1 Sports
10.10.2 Fitness
10.10.3 Personal Medical
10.10.4 Assisted Living
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 Wear Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Fitness Wear 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 Wear Market Size Forecast by Type
11.6.1 Smartwatch
11.6.2 Wristband
11.6.3 Smart Clothing
11.6.4 Shoes
11.6.5 Bike Computers
11.6.6 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 Wear Market Size Forecast by Applications
11.10.1 Sports
11.10.2 Fitness
11.10.3 Personal Medical
11.10.4 Assisted Living
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 Wear Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Fitness Wear 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 Wear Market Size Forecast by Type
12.6.1 Smartwatch
12.6.2 Wristband
12.6.3 Smart Clothing
12.6.4 Shoes
12.6.5 Bike Computers
12.6.6 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 Wear Market Size Forecast by Applications
12.10.1 Sports
12.10.2 Fitness
12.10.3 Personal Medical
12.10.4 Assisted Living
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 Wear Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Fitness Wear 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 Wear Market Size Forecast by Type
13.6.1 Smartwatch
13.6.2 Wristband
13.6.3 Smart Clothing
13.6.4 Shoes
13.6.5 Bike Computers
13.6.6 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 Wear Market Size Forecast by Applications
13.10.1 Sports
13.10.2 Fitness
13.10.3 Personal Medical
13.10.4 Assisted Living
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 Wear Market: Competitive Dashboard
14.2 Global Smart Fitness Wear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Samsung Electronics
14.3.3 Sony Corporation
14.3.4 Fitbit
14.3.5 Goqii
14.3.6 Garmin
14.3.7 Jawbone
14.3.8 Misfit
14.3.9 Sensoria
14.3.10 Xiaomi
14.3.11 Apple
