Smart Fitness Market Size Poised To Reach USD 137.33 Billion By 2030


 San Francisco, 29 Nov 2024: The Report Smart Fitness Market Size, Share & Trends Analysis By Product (Smartwatch, Smart Band, Smart Clothing, Fitness App, Others), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2024 - 2030

The global smart fitness market size is expected to reach USD 137.33 billion in 2030 and is projected to grow at a CAGR of 11.1% from 2024 to 2030. The smart fitness devices market has witnessed a rising demand among the growing urban population in a bid to enhance their fitness goals. Advantages such as accessing fitness activities data in remote and real-time operations have resulted in an increased penetration of the market. Additionally, there are tremendous opportunities for advancements in the smart fitness devices owing to the increasing usage of smartphones and enhanced internet accessibility, which, in turn, would fuel the growth of smart fitness market. The growing adoption of the smart fitness devices to keep track of sleep, steps, calories, heart rate, and other bodily stats is anticipated to revolutionize the market by 2025.

The smart fitness devices market has been segmented based on product into the smartwatch, wristband, smart clothing, smart shoes, bike computers, and others. Based on types, the market has been segmented into head-wear, torso-wear, hand-wear, leg-wear, and bike mount. The hand-wear segment is the biggest segment in terms of size and is expected to dominate the market over the forecast period. This growth may be attributed to the high demand of wristbands and smartwatches. The torso-wear segment is anticipated to experience a notable shift in its growth owing to the rising demand for smart clothing.

The growing awareness and popularity of smart fitness products are encouraging producers to invest in research & development for creating better products. Manufacturers are making massive investments to develop several new products in order to enhance user experience. Researchers are focusing on developing cost-effective and reliable products.

Access Research Report of Smart Fitness Market @ https://www.grandviewresearch.com/industry-analysis/smart-fitness-devices-market

Smart Fitness Market Report Highlights

  • The growing demand for smart fitness devices market can be accredited to the increasing demand among individuals for keeping track of various body parameters such as heart rate, sleep, steps taken, calories burned, and others.
  • The growing penetration of Internet of Things (IoT) and enhanced internet accessibility, which helps to direct digital controls for improved Machine-to-Machine (M2M) communication, have encouraged users to adopt smart fitness devices.
  • The increase in adoption of wireless technology, sensor technology, miniaturized hardware, cloud services, and smartphone have enabled smart fitness market to emerge as a new promising consumer segment.
  • The North American region accounted for the largest market share in 2023, Social media platforms such as Instagram, YouTube, and TikTok significantly promote fitness culture and smart fitness products in North America.

Smart Fitness Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 73.21 billion

Revenue forecast in 2030

USD 137.33 billion

Growth Rate

CAGR of 11.1% from 2024 to 2030

Base year for estimation

2023

Historical data

2017 - 2022

Forecast period

2024 - 2030

List of Key Players in Smart Fitness Market

  • Apple Inc.
  • Zauba Technologies Private Limited
  • Fitbit Inc.
  • Garmin Ltd.
  • Noise
  • Pebble
  • Polar Electro
  • SAMSUNG
  • Under Armour, Inc.
  • Xiaomi

Access Press Release of Smart Fitness Market @ https://www.grandviewresearch.com/press-release/global-smart-fitness-devices-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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