Product Code: MCP11970
Global Fitness Bands Market to Reach $115.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Fitness Bands estimated at US$33.3 Billion in the year 2020, is projected to reach a revised size of US$115.1 Billion by 2027, growing at a CAGR of 19.4% over the analysis period 2020-2027. Fitness Bands, one of the segments analyzed in the report, is projected to record a 23.1% CAGR and reach US$5.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smartwatch segment is readjusted to a revised 19.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 18.6% CAGR
The Fitness Bands market in the U.S. is estimated at US$9.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.8 Billion by the year 2027 trailing a CAGR of 18.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 16.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.
Other Segments Segment to Record 15.9% CAGR
In the global Other Segments segment, USA, Canada, Japan, China and Europe will drive the 15.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$492.4 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 114-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Fitbit, Inc.
- Garmin Ltd.
- Healbe Corp.
- iFit
- iHealth Lab, Inc.
- Jawbone
- Jaybird
- Misfit, Inc.
- Movable
- Nautilus, Inc.
- Polar Electro Oy
- Runtastic GmbH
- Xiaomi, Inc.
TABLE OF CONTENTS
- I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Fitness Bands Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: Fitness Bands Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
- TABLE 2: Fitness Bands Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
- TABLE 3: Fitness Bands (Segment) World Market by Region/Country in US$ Million: 2020 to 2027
- TABLE 4: Fitness Bands (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
- TABLE 5: Smartwatch (Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
- TABLE 6: Smartwatch (Segment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
- TABLE 7: Other Segments (Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
- TABLE 8: Other Segments (Segment) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Fitness Bands Market Share (in %) by Company: 2019 & 2025
- Market Analytics
- TABLE 9: United States Fitness Bands Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
- TABLE 10: United States Fitness Bands Market Share Breakdown by Segment: 2020 VS 2027
- CANADA
- TABLE 11: Canadian Fitness Bands Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
- TABLE 12: Fitness Bands Market in Canada: Percentage Share Breakdown of Sales by Segment for 2020 and 2027
- JAPAN
- TABLE 13: Japanese Market for Fitness Bands: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
- TABLE 14: Japanese Fitness Bands Market Share Analysis by Segment: 2020 VS 2027
- CHINA
- TABLE 15: Chinese Fitness Bands Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
- TABLE 16: Chinese Fitness Bands Market by Segment: Percentage Breakdown of Sales for 2020 and 2027
- EUROPE
- Market Facts & Figures
- European Fitness Bands Market: Competitor Market Share Scenario (in %) for 2019 & 2025
- Market Analytics
- TABLE 17: European Fitness Bands Market Demand Scenario in US$ Million by Region/Country: 2018-2025
- TABLE 18: European Fitness Bands Market Share Shift by Region/Country: 2020 VS 2027
- TABLE 19: European Fitness Bands Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
- TABLE 20: European Fitness Bands Market Share Breakdown by Segment: 2020 VS 2027
- FRANCE
- TABLE 21: Fitness Bands Market in France by Segment: Estimates and Projections in US$ Million for the Period 2020-2027
- TABLE 22: French Fitness Bands Market Share Analysis by Segment: 2020 VS 2027
- GERMANY
- TABLE 23: Fitness Bands Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
- TABLE 24: German Fitness Bands Market Share Breakdown by Segment: 2020 VS 2027
- ITALY
- TABLE 25: Italian Fitness Bands Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
- TABLE 26: Italian Fitness Bands Market by Segment: Percentage Breakdown of Sales for 2020 and 2027
- UNITED KINGDOM
- TABLE 27: United Kingdom Market for Fitness Bands: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
- TABLE 28: United Kingdom Fitness Bands Market Share Analysis by Segment: 2020 VS 2027
- REST OF EUROPE
- TABLE 29: Rest of Europe Fitness Bands Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
- TABLE 30: Rest of Europe Fitness Bands Market Share Breakdown by Segment: 2020 VS 2027
- ASIA-PACIFIC
- TABLE 31: Fitness Bands Market in Asia-Pacific by Segment: Estimates and Projections in US$ Million for the Period 2020-2027
- TABLE 32: Asia-Pacific Fitness Bands Market Share Analysis by Segment: 2020 VS 2027
- REST OF WORLD
- TABLE 33: Rest of World Fitness Bands Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
- TABLE 34: Fitness Bands Market in Rest of World: Percentage Share Breakdown of Sales by Segment for 2020 and 2027
IV. COMPETITION
- Total Companies Profiled: 46
