Smart Sports Fitness Tracker Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 246 | List of Figures : 84 | No. of Pages : 170 | Report Code : FACT216MR |

The global smart sports fitness tracker market is expected to register a steady growth attributed to considerable demand in the fitness industry which predominently includes but is not liminited to fitness equipment. Consumption of smart sports fitness tracker is high among the healthcare manufacturers attributed to increasing need for monitoring rate of heart beat, monitoring respiratory rate, and calories burned or consumed among the diabetic patients. Activity tracking is expected to witness considerable demand in the fitness industry as compared to other products. Sales of smart sports fitness trackers is expected to remain high through sports and departmental stores in the global market. Europe is expected remain the largest market for smart sports fitness tracker globally.

Smart sports fitness tracker is an application or device that is used to track and monitor fitness-related activities including heartbeat, quality of sleep, and consumption of calories. It also measures the distance and number of footsteps walked or run by the end user. Attributed to integrated technologies such as optical heart rate monitor and bio-impedance sun sensors, smart fitness trackers witness considerable consumption among diabetic patients.

The global smart sports fitness tracker market will register a moderate growth, and is expected to represent a value of over US$ 2,700 Mn by the end of 2022.

Market Taxonomy

Product Type

Distribution Channel

Price-based

Activity Tracking

Hypermarket/Supermarket

Economy

Sleep Monitoring

Departmental Stores

Mid

Heart Rate Monitoring

Online Retail

Premium

Augmenting Nutrition Plan

Sport Stores

Super-premium

Coaching

Others

 

Others

   

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

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Considerable Demand in Sports Industry

While fitness trackers don’t really feature in the must-have devices list, upgraded technology integrated in these devices has led to an increasing dependence on these devices for tracking fitness physical activities. As people are getting more conscious about weight management, demand for tracking and managing physical activities is expected to rev up. Fitness tracker is becoming a tool of motivation for people to increase their physical activities. Maintaining a log of sleeping patterns, and tracking the calories burned through fitness tracker is becoming a fashion forwards trend globally. Apart from a pedometer device, use of fitness tracker is constrained to personal accountability and psychological encouragement. Bound to such factors, the smart sports fitness tracker is expected to witness considerable demand among the manufacturers operating in the fitness industry.

Consumption in Healthcare Industry

Wearable devices have bridged the gap between actual medical care and fitness tracking. Increasing need to maintain sleep log, and track physical activities has led to an upsurge in demand for fitness trackers in the healthcare sector. Manufacturers operating in the healthcare industry are integrating updated technology including galvanic skin response sensor, bio-impedance sun sensors and optical heart rate monitors. Equipped with optical heart rate monitor, the fitness tracker enables patients to track their heart rate through photoplethysmography process. This device further enables the patients to track their respiration rate, heart rate, and galvanic skin responses through the bio-impedance sun sensor features. Such factors are likely to impact growth of the global smart sports fitness tracker market positively.

On the other hand, availability of similar technical features in smart watches, and smart phones has led to a drop in demand for sports fitness trackers. Fitness tracker operates as a pedometer, however inaccurate results have led to a downturn in demand for sports fitness tracker. Such factors are likely to inhibit growth of the global smart sports fitness tracker market throughout 2022.

Sports Stores to Represent a Leading Segment

Activity tracking is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 180 Mn in the global market by the end of 2022. Heart rate product is expected to register the second highest growth in terms of revenue in the global smart sports fitness tracker market. Europe is expected to remain the largest market for sport fitness tracker products globally. Augmenting nutrition plan is expected to register the highest CAGR, followed by heart rate in the global market throughout 2022.

Sports stores is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 180 Mn in the global market in 2017. Departmental stores is expected to register the second highest growth in terms of revenue in the global smart sports fitness tracker market by the end of 2017. Sales of smart sports fitness tracker in Europe will generate the highest revenue in the global market throughout 2022. Online retail is expected to register the highest CAGR growth in the global smart sports fitness tracker market through 2022.

Mid price is expected to register the highest growth in terms of revenue in the global smart sports fitness tracker market. This segment is expected to represent a value of over US$ 200 Mn in the global market by the end of 2022. Economic prices is expected to register the second highest growth in the global smart sports fitness tracker market through 2022. This segment is expected to register the highest CAGR in the global market throughout 2022.

Competitive Tracking

Leading market players in the global smart sports fitness tracker market include Witter, Bosal, Westfalia Automotive, Brink/ Thule Towing Systems, PCT Automotive, Tow-Trust Towbars, Thule, Dixon Bate Limited, David Murphy Towing, A1 Towing Limited, A1 Towing Limited, and Montaplast GmbH.

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Increasing demand for tracking heart rate and calorie consumption is expected to rev up demand for the smart sports fitness trackers in the healthcare sector. Sales of smart sports fitness trackers through online retailers is expected to boost growth of the global market. However, availability of wearable devices with enhanced features is predicted to hinder growth of the global smart sports fitness tracker market during the predicted period. The report, compiled by Fact.MR, provides in-depth analysis of the global smart sports fitness tracker market for the forecast period 2017-2022, and offers key insights about future market direction.   

Scope

The scope of Fact.MR’s report is to analyze the global smart sports fitness tracker market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Sports fitness tracker manufacturers, stakeholders, and suppliers in the global sporting goods & accessories industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.     

Summary

The report commences with a brief information of the global smart sports fitness tracker market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global smart sports fitness tracker market.    

Overview

The next section offers an overview of the sports fitness tracker market. This comprises an introduction to the market, along with a standard definition of the product – sports fitness tracker. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.      

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global smart sports fitness tracker market, the report provides updates about market opportunities, which can benefit leading manufacturers of sports fitness tracker. With continuous evolution of the sporting goods & accessories industry, keeping a record of latest developments and trends is fundamental for sports fitness tracker manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.      

Considering the wide scope of the global smart sports fitness tracker market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The global smart sports fitness tracker market has been categorized on the basis of product type, distribution channel, pricing and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.   

The report’s last section comprises of the global smart sports fitness tracker market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global smart sports fitness tracker market.      

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
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  • Trade research
  • Focused interviews
  • Social media analysis

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Smart Sports Fitness Tracker Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022