Wearable Fitness Trackers Market Expected to Reach $ 124.32 Billion by 2028, Registering a CAGR of 17.30%

Portable Fitness Monitors Market Analysis

PORTLAND, OREGON, USA, Oct 6, 2021 /EINPresswire.com/ – According to a report published by Allied Market Research titled “Wearable Fitness Trackers Market by Device Type (Smart Watches, Fitness Bracelets, Smart Glasses , smart clothing and Others), component (hardware and software), connectivity (Bluetooth, Wi-Fi, cellular, NFC and others), operating system (Android, iOS, Windows and Tizen), distribution channel (online and offline) and Application (Running, Cycling, Heart Rate Tracking, Stress Management & Others): Global Opportunity Analysis and Industry Forecast, 2021-2028 “, Global Trackers Industry Size Wearable fitness equipment was valued at $ 38.68 billion in 2020 and is expected to reach $ 124.32 billion by 2028, registering a CAGR of 17.30%.

Market scenario

The report presents quantitative and qualitative analysis of the global Wearable Fitness Equipment market from 2021 to 2028 to help stakeholders understand the true landscape of the industry. The report involves the provincial analysis of the Global Wearable Fitness Tracker Market. All information relating to the growth of the industry is obtained from highly reliable sources and is meticulously reviewed and confirmed by the major market players.

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Research methodology

The research methodology of the Global Portable Fitness Trackers Market includes extensive primary as well as secondary research. The primary study involves an in-depth assessment of a range of driving forces, while the secondary research involves a meaningful overview of the products and services. Additionally, many relevant industry and government sites, press releases, and journals have been thoroughly surveyed for valuable industry information.

At the same time, it is very important to understand the whole value chain to achieve in-depth understanding of the industry. To achieve this aspect, Allied Market Research is accumulating data from the most senior officials in the industry. At the same time, technical data is also collected from an intellectual property perspective, while technical trends are obtained through detailed assessments, technical meetings, and business press releases and reports. This study presents an informative description of the global market along with current drifts and future valuations to support pockets of investment.

COVID-19 scenario analysis

The COVID-19 outbreak has significantly affected the electronics and semiconductor industries. Business and manufacturing units in various countries have been closed due to the increased number of COVID-19 cases, and are expected to remain closed in 2021. Additionally, the partial or full lockdown has disrupted the global supply chain , which makes it difficult for manufacturers to reach customers. The overall production process has been negatively affected, but the increase in sales of health products is expected to drive the overall growth of the wearable fitness trackers market globally.

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Global Wearable Fitness Tracker Market report provides comprehensive analysis of major market players such as Apple Inc., Fossil Group, Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co., Ltd. (Huawei), NIKE, Inc., Samsung Electronics, Sensoria Inc., TomTom NV, and Xiaomi Corporation.

In addition, prominent strategies such as product launch, business expansion, acquisition and others are adopted by major players to strengthen their business reach and position in the global portable fitness equipment market.

Key Benefits for the Portable Fitness Monitor Market:

• This study includes an analytical description of the global portable fitness monitors market share with current trends and future estimates to describe impending pockets of investment.
• The global portable fitness monitor market analysis is determined to understand profitable trends to gain a stronger foothold.
• The Portable Fitness Monitors market report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
• The global portable fitness monitor market forecast is quantitatively analyzed from 2021 to 2028 to compare financial skills.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the Wearable Fitness Tracker market.
• The report includes the Wearable Fitness Monitors market share of major vendors and the Wearable Fitness Monitors market trends.

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Key market segments

By device type
• Connected watches
• Fitness bands
• Smart glasses
• Smart clothing
• Others
By component
• Material
• Software
By component
• bluetooth
• Wireless
• Cellular
• Others
By operating system
• Android
• iOS
• The Windows
• Tizen
By distribution channel
• In line
• Offline
By application
• Functioning
• Cycling
• Heart rate monitoring
• Stress management
• Others
By region
• North America
o United States
o Canada
• Europe
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o South Korea
o Rest of Asia-Pacific
Latin America
Middle East

About Us-

Allied Market Research (AMR) is a Portland, Oregon-based market research and business consulting firm of Allied Analytics LLP. AMR offers market research reports, business solutions, consulting services and market intelligence across 11 verticals. By adopting in-depth research methodologies, AMR helps to help clients make strategic business decisions and achieve sustainable growth in their market areas. We are staffed with qualified analysts and experts and have extensive experience working with many Fortune 500 companies and small and medium enterprises.

David Corréa
Allied Analytics srl
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