Global Smart Fitness Market by Type (Head-wear, Hand-wear, Leg-wear, Torso-wear, Bike mount), by Product (Smart Clothing, Bike Computers, Wristband, Smart Shoes, Smartwatch) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2016, the global smart fitness market was worth USD 6.03 billion. This is due to the rapid adoption of the device by individuals who use it to track their exercise activities. Over the forecast period, the global smart fitness device market will be driven by the rising demand for fitness trackers that can keep track of heart rate and distance, as well as calories burned.

There has been a rise in demand for smart fitness devices by the urban population to help them achieve their health and fitness goals. The increasing use of smart fitness devices opens up a lot of opportunities for innovation. Additionally, enhanced internet accessibility and growing penetration of the Internet of Things (IoT), which help to direct digital controls for improved Machine-to-Machine(M2M) communication, have encouraged users to adopt the smart fitness devices, thereby driving the market growth.

A growing awareness of health and fitness has led to a rapid rise in demand for diet plans, healthy nutrition, gym memberships and mobile fitness apps. The market will continue to grow due to increased awareness. The market demand for smartwatches may be limited by factors like the high price.

Product Insights

The smartwatch, smartwatch, smart clothing and shoes, as well as smart watches, are the segments of the smart fitness device market. Smartwatches are expected to see significant growth in the future due to their many functions, which is more than wristbands or other devices.

Smartwatch, when combined with advances in artificial intelligence/deep learning (IoT), has the potential to achieve a new level of human connectivity. Technologists use a combination big data analysis, machine-learning, and sensors to give users more information about their lives and bodies than ever before.

Smart clothing and fitness wearables are strong contenders in the future of the digital world. They can extend or replace smartphones and other connected devices. Smart clothing or smart textiles have sensors or conductive fibers embedded in or attached to the clothing material. Smart clothing, like other smart fitness devices sends data to the phone so that the user can analyze the data.

Type Insights

The market for smart fitness devices can be divided into three types: head-wear and torso-wear; hand-wear; leg-wear; and bike mount. Due to high demand for smartwatches, the hand-wear market is expected to be the largest by 2025. This market is driven by rising disposable income, increased awareness about health and fitness, as well as growing demand for self monitoring devices.

While most smart fitness devices are worn around the wrist, there are other options such as smart clothes, head & neck-worn, leg bands and smart shoes that can be worn anywhere on the body. Other categories will see a rise in demand due to their increased awareness and ability to provide specific uses to the user.

There is a huge demand for high-tech solutions. However, there has been an increase in the demand for affordable solutions. In order to combine comfort and aesthetics, manufacturers have made many improvements in the design and features of smart health products.

Regional Insights

Due to its large consumer base, well-established manufacturers, the North American region will be the most important regional segment for the forecast period. This region was responsible for the highest revenue share, and it is expected to grow at a more than 14% CAGR from 2017 to 2025. The Asia Pacific, European, and North Americanregionsareexpected to remain the key revenue-generating segments over the forecast period.

Asia Pacific is seeing a rise in disposable income which will drive market growth. Due to the increased incidence of chronic diseases like diabetes and obesity, smart fitness is expected to expand in this region, especially in China and India.

Europe's market is expected to grow in the future due to increased investments by European companies in prototype solutions and systems in areas such as fitness wearables for intelligent textiles and health and well-being. There are also increasing opportunities to tap into high-volume markets in the future.

Competitive Insights

Apple Inc., Fitbit Inc., Garmin Ltd., Switzerland, Jawbone (U.S.), LG Electronics, Korea, MAD Apparel, Inc., OMsignal (Canada), Polar Electro, Inc., Finland, Samsung Electronics Co., Ltd., South Korea, Sony Mobile Communications Inc., Japan, Under Armour, Inc., and Xiaomi Inc. China are key industry players in the market. To reach their customers and grow market share, these companies engage in strategic initiatives like new product development and continuous improvements to existing product lines.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level. It also provides analysis of the most recent trends and opportunities in each sub-segment from 2014 through 2025. Up Market Research segmented smart fitness markets based on types of products and regions.

• Product Outlook (Revenue USD Million; 2014-2025)

  • Smartwatch

  • Wristband

  • Smart Clothing

  • Smart Shoes

  • Bike Computers

  • Other

• Type Outlook (Revenue USD Million; 2014-2025)

  • Headwear

  • Torso-wear

  • Hand-wear

  • Leg-wear

  • Bike mount

• Regional Outlook (Revenue USD Million; 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • Japan

  • South America

    • Brazil

  • MEA

Up Market Research published a new report titled “Smart Fitness Market research report which is segmented by Type (Head-wear, Hand-wear, Leg-wear, Torso-wear, Bike mount), by Product (Smart Clothing, Bike Computers, Wristband, Smart Shoes, Smartwatch), By Players/Companies Jawbone (US), Sony Mobile Communications Inc (Japan), Inc (US), Under Armour, apple Inc (US), Samsung Electronics Co, Polar Electro, LG Electronics (Korea), MAD Apparel, Ltd (South Korea), Garmin Ltd (Switzerland), Fitbit Inc (US), OMsignal(Canada), Inc (US), Inc (Finland), Xiaomi Inc (China) These companies are engaged in several strategic initiatives such as new product developments and continuous upgrades of existing product lines to reach out to their customers and increase market share”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Smart Fitness Market Report Segments:

The market is segmented by Type (Head-wear, Hand-wear, Leg-wear, Torso-wear, Bike mount), by Product (Smart Clothing, Bike Computers, Wristband, Smart Shoes, Smartwatch).

Smart Fitness Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Smart Fitness Market

Overview of the regional outlook of the Smart Fitness Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Smart Fitness Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Smart Fitness Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Head-wear

                2. Hand-wear

                3. Leg-wear

                4. Torso-wear

                5. Bike mount

                1. Smart Clothing

                2. Bike Computers

                3. Wristband

                4. Smart Shoes

                5. Smartwatch

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. 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 2028.

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

Reasons to Purchase the Smart Fitness Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.