Fitness Trackers Market Size Poised to Reach USD XX Billion by 2025

Posted by Ratna Sri on September 11th, 2019

Fitness Trackers Market Overview:

Fitness tracker measures physical activity of a person such as counting number of steps, heart rate, number of calories burnt and many others. These devices come with or without display, where they connect wirelessly with the mobile or laptops. The global fitness trackers market size is expected to reach USD XX Billion by 2025, growing at a CAGR of 20.1% over the forecast period 2018-2025.

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Fitness Trackers Market Growth Drivers and Restraints:

Increasing concern towards health in many individuals is certainly a major factor accelerating the growth of the market. In addition, the market is also driven by rising population and growing prevalence to monitor activity while doing exercises or any sports.

However, high cost of the devices which cannot be affordable by common people is slowly restraining the demand of these trackers.

Emergence of latest technology and launch of innovative electronic devices is solely to spur growth opportunities for the market. Rise in the utilization of smart phones and laptops in every corner of the world is also likely to bolster the demand of fitness tracker market.

Fitness Trackers Market Geographical Analysis:

Regionally, the global market is segmented into North America, Asia Pacific, Europe, Middle East and Africa. North America is accounted in leading dominant shares of the market. Increasing investments on the It sector is one of the factors for the growth of market in this region. Asia Pacific and Europe are also projected to dominate shares of the market following North America. Rise in the consumer consumers over the availability of various healthcare devices is primarily fueling the growth of the market. The Middle East and Africa is anticipated to have significant growth rate in coming years.

keyPlayers of the Fitness Trackers Market:

Companies like Apple Inc, Jawbone, Nike, Misfit Inc., Shenzhen Motto Electronics Co. Ltd., Google LLP, Fitbit Inc., Samsung, Xiaomi Inc.,and Adidas.

The Scope of the report

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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