According to the recent study the fitness tracker market is projected to reach an estimated $7.6 billion by 2028 from $4.9 billion in 2023, at a CAGR of 9.2% from 2023 to 2028. Growth in this market is primarily driven by increasing consumer awareness about staying healthy and fit and monitoring their daily physical activity to live healthier lives and lower their chances of developing chronic diseases. Growing trend of wearable technology among youth and expanding availability of affordable fitness tracking gadgets also drive the market growth.

A more than 150 – page report is developed to understand trends, opportunities and forecast in fitness tracker market by product type (smart watches, smart bands, smart clothing, and others), distribution channel (online and offline), application (heart rate tracking, sleep monitoring, glucose monitoring, sports, running tracking, cycling tracking, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

“Smart watches market is expected to remain the largest segment during the forecast period.”

Based on product type, the fitness tracker market is segmented into smart watches, smart bands, smart clothing, and others. Lucintel forecasts that the smart watches market is expected to remain the largest segment due to owing to their live data monitoring capabilities, interoperability with smartphones, and ease of use features.

“Within the fitness tracker market, the Running tracking segment is expected to remain the largest application”

Based on application the Running tracking segment is expected to witness the highest growth over the forecast period due to the increasing number of athletes across worldwide and growing awareness about trackers in sport activities.

“North America will dominate the fitness tracker market in near future”

North America will remain the largest region due to the rising prevalence of sedentary lifestyle-related chronic disorders and growing health awareness among population in the region.

Major players of fitness tracker market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Apple, Fitbit, Garmin, Ambiotex, and Samsung Electronics are among the major fitness tracker providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com