Smart Fitness Market - Big Changes to Have Big Impact: Apple, Fitbit, Garmin

A New business Strategy report released by HTF MI with title Global Smart Fitness Market Study Forecast till 2029.

PUNE, MAHARASHTRA, INDIA, March 6, 2023 /EINPresswire.com/ -- According to HTF Market Intelligence, the Global Smart Fitness market to witness a CAGR of 5.8% during forecast period of 2023-2028. The market is segmented by Global Smart Fitness Market Breakdown by Application (Online, Offline) by Type (Smart Watch, Wristband, Smart Clothing, Smart Shoes, Bike Computers, ) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Smart Fitness market size is estimated to increase by USD 4528.9 Billion at a CAGR of 5.8% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 11328.1 Billion.

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Smart fitness refers to the use of technology to enhance one's fitness routine and achieve better results. This can include the use of wearables such as fitness trackers or smartwatches, as well as mobile apps and online platforms that provide personalized workout plans, nutrition advice, and other fitness-related resources.

Smart Fitness market - Key Segment Analysis

The market share growth by the Smart Watch segment will be significant during the forecast period. The segment is driven by the Growing Government Initiative Programs Related To Health Awareness.

Smart Fitness market - Competition Analysis
The global Smart Fitness market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Apple Inc., (United States), Fitbit Inc., (United States), Garmin Ltd., (United States), Jawbone (United States), LG Electronics (South Korea), MAD Apparel, Inc. (United Kingdom), Samsung Electronics Co., Ltd., (South Korea), Sony Mobile Communications Inc., (Japan), Polar Electro (Finland).

Smart Fitness market - Geographical Outlook
North America will provide maximum growth opportunities in Smart Fitness market. According to our research, the region will account for 33% of the global market growth during the forecast period. The market in North America is driven by Technology Advancement regarding Smart Fitness Products such as Peloton Tread and Black Box VR.

FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability

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What key data is demonstrated in this Smart Fitness market report?
• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Smart Fitness market between 2023 and 2028
• Precise estimation of the size of the Smart Fitness market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Smart Fitness market players

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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Criag Francis
HTF Market Intelligence Consulting Pvt Ltd
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sales@htfmarketreport.com
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