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iCrowdNewswire Oct 20, 2020 4:29 AM ET

Fitness Trackers Market to Witness Massive Growth | Fitbit Inc., Samsung, Xiaomi Inc., Jawbone


iCrowd Newswire - Oct 20, 2020

The ‘  Fitness Trackers market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview;  Fitness Trackers derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in  Fitness Trackers market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

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A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

  The global fitness trackers market size was valued at $17,907 million in 2016, and is expected to reach $62,128 million by 2023, registering a CAGR of 19.6% during the forecast period.

Fitness trackers are devices used to track and monitor fitness-related data such as calorie consumption, distance covered, heartbeat rate, sleep duration, sweat rate, and body temperature. These devices are wirelessly synced with a smartphone or a computer. They are incorporated with software and sensors to enhance the connectivity to share and exchange data. They are widely used in sports and fitness centers to monitor fitness and health-related parameters.

The global fitness trackers market is currently growing at a significant rate, owing to increase in use of fitness trackers among the young population. In addition, upsurge in disposable income and increase in expenditure on wearable technology propel the growth of the fitness trackers market. Moreover, advancements in technology, increase in health consciousness among consumers, and rise in demand for fitness trackers from fitness centers are some key factors driving the overall market growth. However, high costs of these devices, data theft risk, and rise in competition from local players hamper the fitness trackers market growth.

The report segments the global fitness trackers industry on the basis of device type, display type, sales channel, compatibility, and geography. Based on device type, the market is categorized into fitness bands, smartwatches, and others. By display type, it is classified into monochrome display and colored display. In terms of sales channel, it is divided into online and offline. Depending on compatibility, it is classified into iOS, android, windows, tizen, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players of the fitness trackers industry have adopted product development as their key developmental strategy to strengthen their foothold in the fitness trackers market. The key players profiled in the report include Fitbit Inc., Samsung, Xiaomi Inc., Jawbone, Nike, Adidas, Misfit Wearables Inc., Shenzhen Motto Electronics Co. Ltd., Google LLP, and Apple. Inc.

KEY BENEFITS FOR STAKEHOLDERS

Key Segments Studied in the Global  Fitness Trackers Market

Professional Key players:

 

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

Market Segmentation:
 Fitness Trackers Market by Device Type (Fitness Bands, Smartwatch, and Others), Display Type (Monochrome and Colored), Sales Channel (Online and Offline), and Compatibility (iOS, Android, Windows, Tizen, and Others) – Global Opportunity Analysis and Industry Forecast, 2017-2023

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Furthermore, the years considered for the study are as follows:

Historical year – 2014-2019 | Base year – 2019 | Forecast period** – 2020 to 2027 [** unless otherwise stated]

Changing Forecasts in a Time of Crisis: explores key issues, including:

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

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Key Points Covered in  Fitness Trackers Market Report: COVID 19 Impact Analysis

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of market, Market Segment by Regions,
Chapter 2, to analyze objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5 , to show the Overall Market Analysis, segmentation analysis, characteristics; Detailed Overview of COVID 19 Outbreak Impact Analysis
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[United States, EU, Japan, China, India & Southeast Asia ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis2020 Updated & Covid 19 Impact and Recovery
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply. Drives Future Change
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning) COVID-19 Economic Impact Reports &Providing Clarity in a Time of Crisis

Chapter 15, deals with Global  Fitness Trackers Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
Continued….

……..and view more in complete table of Contents

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