DUBLIN–(BUSINESS WIRE)–The “Digital Fitness Market to 2027: Trends, Opportunities and Competitive Analysis” report has been added to ResearchAndMarkets.com's offering.
The global digital fitness market is expected to reach an estimated $137.5 billion by 2027, and it is forecast to grow at a CAGR of 39.2% from 2022 to 2027.
The future of the digital fitness market looks good with opportunities in smart wearable fitness devices and smart wearable sports devices. The major drivers for market growth are increasing awareness on fitness, rising demand of user-friendly and self-monitoring devices.
The analyst forecasts that the smartwatch segment is expected to witness significant growth during the forecast period due to their versatile features as a wristband.
Within global digital fitness market, fitness wristband is expected to remain the largest segment by product type. Increasing health awareness and fitness wristband's properties, like 24/7 heart rate monitoring and providing useful insights about the user's health, will drive the demand for fitness wristbands over the forecast period.
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.
Emerging Trends in the Digital Fitness Market
Emerging trends, which have a direct impact on the dynamics of the digital fitness industry, include integration and cross-compatibility of personal health data and introduction of cross over products.
Digital Fitness Market by Segment
In this market, smart wearable fitness device is the largest application market, whereas fitness wristband is largest in product.
List of Digital Fitness Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.
With these strategies digital fitness companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the digital fitness companies profiled in this report includes:
- Fitbit Inc.
- Apple, Inc.
- Garmin Ltd.
- Samsung Electronics Co. Ltd.
- Adidas AG.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2011 to 2022
3.1: Macroeconomic Trends and Forecast
3.2: Global Digital Fitness Market Trends and Forecast
3.3: Global Digital Fitness Market by Product
3.3.1: Fitness Wristbands
18.104.22.168: Smartwatches by Operating System
3.3.3: Smart Clothing
3.3.4: Smart Shoes
3.4: Global Digital Fitness Market by Category
3.5: Global Digital Fitness Market by Application
3.5.1: Smart Wearable Fitness Devices
3.5.2: Smart Wearable Sports Devices
4. Market Trends and Forecast Analysis by Region
4.1: Global Digital Fitness Market by Region
4.2: North American Digital Fitness Market
4.2.1: Market by Product: Smartwatches, Fitness Wristbands, Smart Clothing, Smart Shoes, and Others
4.2.2: The US Digital Fitness Market
4.2.3: Canadian Digital Fitness Market
4.2.4: Mexican Digital Fitness Market
4.3: European Digital Fitness Market
4.4: APAC Digital Fitness Market
4.5: ROW Digital Fitness Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Digital Fitness Market by Product
6.1.2: Growth Opportunities for the Global Digital Fitness Market by Region
6.2: Emerging Trends in the Global Digital Fitness Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers, Acquisitions, and Joint Ventures in the Global Digital Fitness Market
6.3.3: Technology Development
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/r/30388p
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