The Global Smart Fitness Market Growth Accelerated By Increasing Focus On Health And Fitness

https://www.coherentmarketinsights.com/market-insight/global-smart-fitness-market-1829
Global Smart Fitness Market 



Smart fitness devices have become increasingly popular due to their ability to track fitness metrics and vital health statistics in real-time through sensors and mobile applications. Featuring heart rate monitors, GPS, altimeters, and sleep trackers, smart fitness devices allow users to monitor their activities, workouts, exercise routines, sleep patterns, and overall wellness on a daily basis.

The Global Smart Fitness Market is estimated to be valued at US$ 18979.05 Mn in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The increasing focus on health and fitness among consumers has been a major driver for the growth of the smart fitness market. As lifestyle diseases and health issues have become more prevalent, people are becoming increasingly health conscious and prefer wearable gadgets and devices that can help monitor their fitness levels, vital statistics and suggest improvements. Smart fitness bands and watches provide detailed health insights and alerts to encourage users to follow an active lifestyle and make necessary changes to diet or workout routines. The real-time tracking of various health metrics through apps and advanced sensors is convincing more users to opt for smart fitness solutions for a wholesome fitness experience.

Segment Analysis

The global smart fitness market is dominated by smart bands segment owing to their convenient design and multiple health and fitness features like steps counting, calories burned tracking etc in compact package. Wrist wear devices are most popular amongst customers leading to higher sales. Smart watches segment is expected witness faster growth during forecast period due to increasing preference of customers towards devices with bigger display and additional features like app notifications, music playback etc.

Key Takeaways

The Global Smart Fitness Market is expected to witness high growth. The market is projected to reach US$ 75489.51 Mn by 2030 from US$ 18979.05 Mn in 2023, registering a CAGR of 26% during the forecast period.

Regional analysis
Asia Pacific region dominates the global smart fitness market and is expected to maintain its dominance during forecast period. Growing health awareness and increasing per capita income in countries like China and India is driving sales of smart fitness devices in the region. North America region is projected to witness fastest growth due to presence of major players and technological advancements.

Key players
Key players operating in the global smart fitness market are Fitbit Incorporation, Garmin International, Shanda Group, and Sony Corporation. Fitbit Incorporation holds largest market and continuously launching new products and features to maintain leadership. Garmin International is second largest player focuses on smart watches segment. Shanda Group a leading Chinese player focusing to capture domestic market in China.



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