Smart Fitness Market Size, Trends, Strategies And Forecast 2024-2033

Overview and Scope

Smart fitness refers to the integration of technology into traditional fitness practices to enhance and optimize the overall fitness experience. This involves the use of various technological devices, applications, and platforms designed to monitor, track, and improve physical activity, health, and wellness.

 

Sizing and Forecast

The smart fitness market size has grown exponentially in recent years. It will grow from $21.12 billion in 2023 to $26.71 billion in 2024 at a compound annual growth rate (CAGR) of 26.5%.  The growth in the historic period can be attributed to rising technological advancements, increasing health awareness, rise of lifestyle diseases, the increasing shift towards personalized fitness, and rising convenience and accessibility.

 

The smart fitness market size is expected to see exponential growth in the next few years. It will grow to $67.53 billion in 2028 at a compound annual growth rate (CAGR) of 26.1%.  The growth in the forecast period can be attributed to a shift towards preventive healthcare, integration of health and fitness ecosystems, emphasis on mental well-being, integration of gamification elements, and increasing health awareness. Major trends in the forecast period include home fitness, rising usage among individuals, growing institutional use, the rise of virtual fitness communities, and IoT-enabled fitness devices.

 

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/smart-fitness-global-market-report

 

Segmentation & Regional Insights

The smart fitness market covered in this report is segmented –

1) By Product: Smartwatch, Wristband, Smart Clothing, Smart Shoes, Bike Computers, Other Products

2) By Type: Head-Wear, Torso-Wear, Hand-Wear, Leg-Wear, Bike Mount

3) By Functionality: Basic Tracking, Advanced Fitness Tracking, Coaching And Training, Health Monitoring

4) By End-User: Individual Consumers, Fitness Centers And Gyms, Corporate Wellness Programs

 

North America was the largest region in the smart fitness market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart fitness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

 

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample_request?id=14498&type=smp

 

Major Driver Impacting Market Growth

The growing demand for self-monitoring devices is expected to propel the growth of the smart fitness market going forward. Self-monitoring devices are tools or technologies designed to enable individuals to track and manage various aspects of their health or behavior autonomously. The increasing demand for self-monitoring devices is driven by a growing emphasis on personal health and wellness as individuals seek greater control and insight into their well-being. Self-monitoring devices in smart fitness are used to track physical activity, monitor performance metrics, set goals, and provide personalized feedback to users, enhancing motivation and facilitating informed decision-making about their health and fitness routines. For instance, in January 2024, according to the Ministry of Justice, a UK-based government department, the total number of individuals utilizing electronic monitoring devices, including radio frequency and alcohol monitoring devices, amounted to 19,878 in December 2023, representing an increase of 20% from the count of 16,602 recorded in December 2022. Therefore, the growing demand for self-monitoring devices is driving the growth of the smart fitness market.

 

Key Industry Players

Major companies operating in the smart fitness market are Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, LG Electronics Inc., Xiaomi Inc., ASUSTeK Computer Inc. (Asus), Under Armour Inc., Garmin Ltd., Peloton Interactive Inc., Casio Computer Co. Ltd., iFit Inc., Technogym S.p.A., BowFlex Inc., Polar Electro Inc., Life Fitness, Suunto Oy, Echelon Fitness Multimedia LLC (Echelon Fitness), MyZone Inc., NordicTrack, Moov Inc., Wahoo Fitness LLC, Withings S.A., AliphCom dba Jawbone, Shanda Group, Misfit Inc., Cubii Inc., Tonal Systems Inc., OMsignal Inc.

 

The smart fitness market report table of contents includes:

1. Executive Summary
2. Smart Fitness Market Characteristics
3. Smart Fitness Market Trends And Strategies
4. Smart Fitness Market – Macro Economic Scenario
5. Global Smart Fitness Market Size and Growth
6. Smart Fitness Market Segmentation
7. Smart Fitness Market Regional And Country Analysis

………….

34. Key Mergers And Acquisitions In The Smart Fitness Market
35. Smart Fitness Market Future Outlook and Potential Analysis
36. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Smart Fitness Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Smart Fitness Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Smart Fitness Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………..

Table 75: Apple Inc. Financial Performance

Table 76: Samsung Electronics Co. Ltd. Financial Performance

Table 77: Huawei Technologies Co. Ltd. Financial Performance

Table 78: Sony Corporation Financial Performance

Table 79: LG Electronics Inc. Financial Performance

 

Explore the trending research reports from TBRC:

https://goodprnews.com/managed-information-services-market-share/

https://topprnews.com/network-traffic-analysis-solutions-market-trends/

 

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

 

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model