According to a new market report published by Lucintel, the future of the global digital fitness market looks promising with opportunities in smart wearable fitness devices and smart wearable sports devices. The global digital fitness market is expected to reach an estimated $27.4 billion by 2022 and is forecast to grow at a CAGR of 32.6% from 2017 to 2022. The major drivers for the growth of this market are increasing awareness on fitness, rising demand of user-friendly and self-monitoring devices.
This report has 102 figures/charts and 60 tables spread through 150 pages. For more detail on this report please click link http://www.lucintel.com/digital-fitness-market-2017-2022.aspx
In this market, smartwatch, fitness wristband, smart clothing, and smart shoe are used to monitor and track fitness related activities. Digital fitness devices are tracking devices, that is, they are either worn or attached to the body part. On the basis of comprehensive research, Lucintel forecasts that the smartwatch segment is expected to witness significant growth during the forecast period due to their versatile features as a wristband.
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Within global digital fitness market, smartwatch is expected to remain the largest segment by product type. Multi functionality features, growing health awareness, and rising in disposable income are the major driving factors that spur growth for this segment over the forecast period.
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North America is expected to remain the largest region due to an increasing obesity rate and growing awareness on physical fitness with the availability of a more sophisticated digital wearable fitness device.
APAC is expected to witness the highest growth rate over the forecast period due to growing adoption rate, technological advancements, and rising urbanization with awareness towards fitness.
Emerging trends, which have a direct impact on the dynamics of the industry, include integration and cross-compatibility of personal health data and introduction of cross over products. Fitbit, Inc., Apple, Inc., Garmin, Ltd., Samsung Electronics Co. Ltd., and Adidas AG are among the major suppliers of digital fitness market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global digital fitness market by product, category, application, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Digital Fitness Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing a comprehensive data and analysis on trends, key drivers, and directions.
Download free sample here http://www.lucintel.com/ds/digital-fitness-market-2017-2022.aspx
The study includes a forecast for the global digital fitness market by product, category, application, and region, as follows:
By Product Type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:
Smartwatches
Fitness wristbands
Smart clothing
Smart shoes
Others
By Category [Value ($ Million) from 2011 to 2022]:
Hand wear
Leg wear
Head wear
Others
By Application [Value ($ Million) from 2011 to 2022]:
Smart wearable fitness devices
Smart wearable sports devices
By Region [Value ($ Million) from 2011 to 2022]:
North America
Europe
United Kingdom
Germany
France
Spain
APAC
ROW
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This 150-page 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 click on this link http://www.lucintel.com/toc/digital-fitness-market-2017-2022.aspx or helpdesk@lucintel.com.
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