SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Fitness - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 5; Released: January 2022
Executive Pool: 868
Companies: 142 - Players covered include Apple Inc.; Fitbit Inc.; Garmin Ltd.; Jawbone; LG Electronics; MAD Apparel, Inc.; Nike Inc.; OMsignal; Pebble Inc.; Polar Electro, Inc.; Samsung Electronics Co., Ltd.; Shanda Group; Sony Corporation; Sony Mobile Communications Inc.; Under Armour, Inc.; Xiaomi Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product (Smartwatches, Wristbands, Bike Computers, Other Products); Type (Head-Wear, Hand-Wear, Bike Mount, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Smart Fitness Market to Reach $36.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Fitness estimated at US$12.9 Billion, is projected to reach a revised size of US$36.8 Billion by 2026, growing at a CAGR of 18.7% over the analysis period. Smartwatches, one of the segments analyzed in the report, is projected to record a 19.7% CAGR and reach US$20.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wristbands segment is readjusted to a revised 18.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.7 Billion in 2021, While China is Forecast to Reach $6.5 Billion by 2026
The Smart Fitness market in the U.S. is estimated at US$4.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2026 trailing a CAGR of 18.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.7% and 15.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.
Bike Computers Segment to Reach US$4.1 Billion by the year 2026
In the global Bike Computers segment, USA, Canada, Japan, China and Europe will drive the 16.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.