Fitness Tracker Market – What are the Short and long-term actions taken...

Fitness Tracker Market – What are the Short and long-term actions taken by Key Players During Coronavirus Pandemic ?

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The MarketWatch News Department was not involved in the creation of this content.

Oct 06, 2020 (The Expresswire) —
The global ‘fitness tracker market‘size is expected to reach USD 91.98 billion by 2027, exhibiting a CAGR of 15.2% during the forecast period. The rising adoption of wearable devices among the young population will significantly bolster healthy growth of the market, states Fortune Business Insights, in a report, titled “Fitness Tracker Market Size, Share andCOVID-19 Impact Analysis, By Device Type (Smart Watches, Fitness Bands, Smart Glasses, Smart Clothing, and Others), By Application (Heart Rate Tracking, Sleep Measurement, Glucose Measurement, Sports, Running, Cycling Tracking), By Distribution Channel (Online, Retail, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 30.41 billion in 2019

The report fitness tracker market comprises:

  • Through analysis of the industry

  • Key insights into the market

  • Latest market trends and developments

  • Crucial information on COVID-19

  • Present and future market values

Request a Sample Copy of the Research Report:

https://www.fortunebusinessinsights.com/enquiry/sample/fitness-tracker-market-103358

An Overview of the Impact of COVID-19 on this Market :

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.

Frequently Ask Question :

  • How much is the fitness tracker market worth?

Fortune Business Insights says that the global fitness tracker market size was USD 30.41 billion in 2019 and is projected to reach USD 91.98 billion by 2027.

  • What was the value of the market in North America in 2019?

In 2019, the North America market value stood at USD 14.57 billion.

  • At what CAGR is the market projected to grow in the forecast period (2020-2027)?

The market is expected to grow at a CAGR of 15.2% during the forecast period (2020-2027).

Preferencefor Fitness During Pandemic toPositivelySway Market

The occurrence of COVID-19 has caused disturbance to the business of fitness trackers because of the interruption triggered in manufacturing, production, shipment, and sales of these products. However, the ongoing development of technologically advanced products by OEMs will cater to the demand for fitness amid the coronavirus epidemic. For Instance, Fitbit announced the launch of an innovative tracker, Fitbit Charge 4. The new device will assist and offer support to customers at home during this time. Moreover, Fitbit is also providing a free 90-day trial and access to premium content, thus leading to more premium subscribers. Similarly, the growing demand for fitness products during COVID-19 will improve sales of fitness trackers through online mediums, hence boosting the market. Besides, the enormous

GlobalFitness TrackerMarketSegmentation :

By Device Type

  • Smart Watches

  • Fitness Band

  • Smart Glasses

  • Smart Clothing

  • Others

By Application

  • Heart Rate Tracking

  • Sleep Measurement

  • Glucose Measurement

  • Sports

  • Running

  • Cycling Tracking

By Distribution Channel

By Geography

Market Driver:

Sedentary Lifestyle of People to Spur Market Demand

The growing health issues such as obesity, lack of sleep, diabetes, and others because of the present deskbound generation will simultaneously create lucrative opportunities for the market during the forecast period. The growing emphasis on health and fitness to prevent major health conditions is expected to bode well for the market. The rising awareness about the importance of a healthy lifestyle will subsequently fuel the demand for fitness products, thus enabling the growth of the market. Additionally, an escalation in gym-goers and fitness enthusiasts has potentially spurred lucrative opportunities for the market.

For more information visit :https://www.fortunebusinessinsights.com/fitness-tracker-market-103358

Significant Development:

October 2019:Fitbit signed a partnership agreement with Bristol-Myers Squibb-Pfizer alliance to address gaps in atrial fibrillation detection to accelerate diagnosis.

The Report Lists the Main Companies in the Fitness Tracker Market:

  • Gramin Ltd (Kansas, United States)

  • Apple Inc (California, United States)

  • Fitbit, Inc. (California, United States)

  • Pebble Technology Corp (California, United States)

  • (Suwon-si, South Korea)

  • Google Inc. (California, United States)

  • Xiaomi Technology Co., Ltd. (Beijing, China)

  • Jawbone (California, United States)

  • Nike (Oregon, United States)

  • Other Players

Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/fitness-tracker-market-103358

Table Of Content :

  • Introduction

  • Executive Summary

  • Market Dynamics

  • Key Insights

  • Global Fitness Tracker Market Analysis, Insights and Forecast,2016-2027

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About Us:

Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights(TM) we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges

Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.
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Phone:
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Email:sales@fortunebusinessinsights.com

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Fitness Tracker Market – What are the Short and long-term actions taken by Key Players During Coronavirus Pandemic ?

COMTEX_372359050/2598/2020-10-06T00:41:25

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