Smart Fitness Market is predicted to grow at 12% CAGR through 2032 | Future Market Insights Inc.   

PRESS RELEASE
Published March 8, 2023

Future Market Insights estimates that the revenue from the worldwide smart fitness market would reach US$ 13 billion in 2020. (FMI). The size of the global smart fitness market is anticipated to be around US$ 50 billion by 2031, expanding at a CAGR of 12% between 2021 and 2031.

Sales of smart fitness products are projected to increase as a result of the growing demand for features like tracking heart rate, workout time, distance travelled, and calories burned provided by smart fitness watches and fitness trackers.

The COVID-19 epidemic has pushed the use of smart wearables. Digital fitness is expanding globally as people’s awareness of health and wellbeing has increased. Almost 30% of all digital fitness gadget sales worldwide are for smart fitness equipment.

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The smart fitness market is a rapidly growing industry that involves the integration of technology into fitness and health-related products and services. This market includes a wide range of products such as smartwatches, fitness trackers, smart scales, smart clothing, and virtual reality fitness devices, among others.

The smart fitness market has seen significant growth in recent years due to the increasing awareness of health and fitness among consumers, as well as the rapid advancements in technology. The market is expected to continue to grow in the coming years, with the increasing adoption of wearable devices and the popularity of virtual and online fitness programs.

One of the key drivers of growth in the smart fitness market is the increasing popularity of fitness-tracking devices such as smartwatches and fitness trackers. These devices can monitor various metrics such as heart rate, steps taken, calories burned, and sleep patterns, among others. They can also provide personalized feedback and coaching to help users achieve their fitness goals.

Another significant trend in the smart fitness market is the integration of virtual reality technology into fitness equipment and programs. Virtual reality fitness devices can provide an immersive and engaging experience that can make workouts more enjoyable and effective.

How is the Demand for Smart Fitness Solutions Affected by the Digital Fitness Trend?
Although the revolution in home exercise has been underway for years, recent events have significantly increased its popularity. To satisfy their need for fitness, people have started employing a variety of applications, gadgets, and services. As more people opt for a manageable and controlled training setting, an increasing number of them are shifting to digital fitness.

Long hours and a busy schedule are important factors in the growth of digital fitness. and a modern civilization like of.. The, and the of the way in which of the of the of the of thee. the of the.

More individuals are turning to at-home exercise, which is boosting demand for wearable devices with cutting-edge technologies.

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Competitive Landscape

With the advancement in technology, players in the smart fitness industry are focusing on bringing new products to the market. The growth of the smart fitness devices market is accelerated by the growing demand for smart fitness gadgets such as smart wrist band and fitness trackers. The increasing significance gained by health and fitness lately, is providing opportunities for the manufacturers to capitalize on.

Smart Fitness Outlook by Category

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
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Table of Content
1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Pricing Analysis

4.1. Pricing Analysis, By Product Type

4.2. Global Average Pricing Analysis Benchmark

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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