Smart Fitness Market is Expected to Reach US$ 46,934.8 Million, Growing at a CAGR of 12.4% during forecast 2023 to 2033 | Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / June 13, 2023 / According to Future Market Insights (FMI), the worldwide smart fitness market revenue will reach US$ 13,122.3 million in 2022. The entire smart fitness market is estimated to develop at a CAGR of 12.4% between 2023 and 2033. The increased demand for smart fitness product features such as tracking heart rate, workout time, distance travelled, and calories burned provided by smart fitness watches and fitness trackers is expected to drive smart fitness product sales.

The use of smart wearables has expanded as a result of the COVID-19 outbreak. Digital fitness is growing in popularity around the world as people's awareness of health and wellness improves. Smart fitness gadget sales account for roughly 30% of worldwide digital fitness device sales.

Find an overview of market size and forecast along with the research methodology. This Sample report is available in PDF format.

More individuals are turning to at-home fitness, which is fuelling demand for wearable devices equipped with modern technology to improve individual performance and exercise. As a result, consumer interest in smart fitness trackers and smart fitness band watches is increasing. Sales of smart fitness devices in the United States are predicted to grow at an outstanding CAGR throughout the forecast period. Because of the broad consumer base and the presence of significant competitors, the demand for smart fitness is expanding in the United States.

Key Takeaways:

• Between 2023 and 2033, sales in India are expected to grow at an excellent rate of roughly 18.5% CAGR.
• In 2022, the smartwatches segment held a 20.1% share of the overall market.
• South Asia is expected to grow rapidly in the market, with a CAGR of almost 18% over the forecast period.
• The market increased at a CAGR of 10.3% over the last five years (2018 to 2022).
• Smart fitness demand in Japan and South Korea is expected to expand at a CAGR of 13% and 15%, respectively, between 2023 and 2033.

"More consumers are turning to at-home fitness, which is fueling demand for wearable devices equipped with modern technology to improve one's performance and exercise. As a result, consumer interest in smart fitness trackers and smart fitness band watches is increasing," - says an analyst at FMI.

Competitive Landscape:

• According to a news published on June 1, 2023, English Premier League football player Harry Kane is currently the newest athlete to put money in OxeFit, an at-home fitness gadget powered by machine learning. In accordance with the company, OxeFit has already raised more than $45 million in total capital, and its sales have climbed 200% year over year.
• Based on an article released on May 1, 2023, The Exercise Coach in Virginia is being promoted as the state's foremost AI-enabled gym. The Virginia smart studio employs bio adaptive robotic exercise gear that produces and adapts workouts based on a person's level of fitness.

Key Companies Profiled:

• Fitbit
• Pebble Inc.
• Adidas
• Samsung Electronics
• Sony Corporation
• Shanda Group
• Nike Inc.
• Xiaomi
• Garmin International
• Jawbone

Ask our expert Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-36

More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global smart fitness market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights By Component (Smart Accessories, Strength Training Equipment, Cardiovascular Equipment), Smart Accessories (Smart Watches, Smart Bands, Activity Trackers, Heart Monitor, and Pedometer) & Region.

Smart Fitness Outlook by Categorization:

By Component:

• Smart Accessories
• Strength Training Equipment
• Cardiovascular Equipment
• Cross-training Equipment

By Smart Accessories:

• Smart Watches
• Smart Bands
• Activity Trackers
• Heart Monitor
• Pedometer
• Sleep Quality Monitor

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

Didn't find your desired data? Ask For your Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-36

About the Technology Division at Future Market Insights (FMI):

The technology team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter's Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033

5.3.1. Smart Accessories

5.3.2. Strength Training Equipment

5.3.3. Cardiovascular Equipment

5.3.4. Cross-training Equipment

5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033

View detailed and full ToC here @https://www.futuremarketinsights.com/toc/rep-gb-36

Have a Look at Related Research Reports of the Technology domain:

Spoil Detection Based Smart Label Market Value: The global spoil detection-based smart label market is expected to grow at a CAGR of 12.8% during the forecast period. The market is valued at US$ 2.4 billion as of 2022, and by 2032, it is expected to reach a valuation of US$ 8 billion.

Embedded Smart Cameras Market Forecast: The global embedded smart cameras market is expected to have reached a valuation of US$ 4,952.2 Million in 2022. The expanding technical usage and wide range of applications are projected to be the market's primary growth drivers. The overall sales of embedded smart camera products are projected to grow at a robust CAGR of 14.7%% between 2022 and 2032, totaling around US$ 19,560.52 Million by the end of 2032.

Wearable Fitness Trackers Market Outlook: Wearable fitness trackers, as considered within the scope of this report, are technology-based products that provide a variety of fitness tracking and health monitoring options to individuals who are health conscious. Besides this, the availability of technology-based smart wearable devices for keeping track of fitness activities is a critical factor encouraging the growth of the global wearable fitness tracker market in terms of value.

Smart Railways Market Demand: The Global smart railways market is expected to be valued at US$ 106.7 billion in 2023 and to reach a valuation of US$ 805.34 billion by 2033. The demand for smart railways is estimated to grow at a steady 22.4% CAGR.

Smart Factory Market Growth: The size of the global smart factory market is anticipated to grow from US$ 140.7 billion in 2023 to US$ 388.7 billion by 2033. During this forecast period, this market is expected to soar at a stellar CAGR of 10.7%.

Smart Elevator Automation System Market Size: The Global demand for smart elevator automation systems is expected to expand at a yearly growth rate of 9.2% Y-o-Y to US$ 37.68 Billion in 2026.

Fitness Apps Market Share: The recently released Fitness Apps Market analysis report by Future Market Insights shows that the global fitness app market is US$ 1.1 billion in 2021, with a CAGR of 19.7% projected from 2022 to 2032. The global market is expected to offer an absolute dollar opportunity of US$ 6.8 Billion between 2022 and 2032.

Brand Protection Tools Market Sales: The brand protection tools market is anticipated to flourish at a steady CAGR of 8.1% between 2023 and 2033. The market is expected to hold a market share of US$ 5.61 billion by 2033, while the market is likely to reach a value of US$ 2.56 billion in 2023.

Semiconductor Capital Equipment Market Trends: The global semiconductor capital equipment market size is likely to be valued at US$ 82 billion in 2023. According to the semiconductor capital equipment spending forecast by FMI, the market revenue has the potential to exceed US$ 161 billion by 2033, with a projected CAGR of 7.0%.

Electrical Bushings Market Analysis: The global sales of electrical bushings might be around US$ 2.6 billion in the current year, 2023. The overall market is anticipated to develop at an average annual growth rate of 4% over the forecasted years from 2023 to 2033. Further, the FMI forecasts the global electrical bushings market to grow steadily, reaching a revised value of US$ 3.9 billion by 2033.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

SOURCE: Future Market Insights, Inc.

ACCESSWIRE

News network reaching more than 1,500 media outlets in 98 countries. The newest, fastest-growing and most disruptive newswire available today.