Future Market Insights delivers key insights on the global wearable fitness tracker market size in its report titled “Wearable Fitness Trackers Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027.” Growth in the market value of the global wearable fitness tracker market will remain attractive as the market is expected to grow continuously at a CAGR of 15.8% in terms of value during the forecast period 2017–2027.
The global wearable fitness trackers market is expected to register a CAGR of 15.8% during 2017–2027, with North America, Western Europe, Japan and China accounting for significant market value shares by the end of the forecast period.
The global annual revenue from the wearable fitness tracker market was valued at US$ 21,661.3 Million by the end of 2017, which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, Western Europe, Japan, China and SEA Other of APAC, are expected to collectively account for a majority share of the global wearable fitness tracker market.
The North America wearable fitness tracker market, Western Europe wearable fitness tracker market and APEJ wearable fitness tracker market are likely to dominate the global market over the forecast period.
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Key Drivers of the Global Wearable Fitness Trackers Market
Technological replacement for guesstimating and rising health issues such as obesity, blood pressure and diabetes drive the growth of the global wearable fitness trackers market The simplicity is one of the key driving factors for the increasing popularity of the wearable fitness trackers among all age groups.
Fitness tracker helps parents in tracking their kid’s location that creates positive impact on the global market for wearable fitness trackers. Usage of wearable fitness trackers as an e-wallet and as a companion to smartphone fuel the market growth during forecast period
Wearable Fitness Trackers Market: Factors Boosting Adoption
Since last few years, the adoption of wearable fitness trackers has been increasing considerably, especially in the 25–44 years category. Development in the imaging technologies of wearable fitness trackers and continuously emerging new features in the products are boosting the adoption of wearable fitness trackers in the consumer segment.
Nowadays, consumers prefer modern ways of fitness tracking as “guesstimating” is not accurate to keep track of the fitness data. Hence, the availability of technology-based smart wearable devices for keeping track of fitness activities is driving the wearable fitness trackers market.
