Global Fitness Tracker Ring
Market By Distribution
Channel (Online Stores, Offline Stores) and Region - Global Forecast to
2024
Fitness
tracker rings are activity tracker devices which can be used to track sleep,
fitness, and calories. These are tiny wearable devices designed to be water
resistant and can be wore during daily activities including swimming, bathing
and exercising. Further, this innovative micro technology is very helpful to
track individual’s health on regular basis. Further, by simply worn it on the
fingers it can monitor heart rate as well. Moreover, fitness tracker ring is a
rechargeable wearable device with lithium ion battery and when fully charged
its battery lasts up to 3-4 days. Furthermore, fitness tracker ring has ability
to measure overall active minutes, activity types, active heart rate, sleep
duration, calories burned, resting heart rates, distance travel and steps.
Market Size & Forecast
Global fitness tracker ring market is anticipated to
flourish at a robust compound annual growth rate (CAGR) over the forecast
period i.e. 2017-2024. Technological advancements with smart wearable devices
coupled with increasing demand for smart fitness trackers are some of the major
factors which are expected to garner the growth of global
fitness tracker ring market.
In terms of region, global fitness
tracker ring market is segmented into five major regions including North
America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. Among these regions, North America region is anticipated to be the
largest market for fitness tracker rings during the forecast period. Presence
of leading manufacturing companies of fitness tracker rings such as Motive Inc.
and high affordability in this region are anticipated to be the dynamic factors
behind the growth of fitness tracker ring market in North America region.
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Moreover, Europe region is
anticipated to witness a remarkable growth over the forecast period owing to
factors such as rising awareness towards fitness and wellness coupled with high
adoption rate of wearable devices in this region. Further, Western European
countries are expected to be the key contributors to the growth of fitness
tracker ring market in this region.
Apart from this, market of fitness
tracker ring in Asia pacific region is anticipated to grow at remarkable pace
during the forecast period. This growth can be attributed to factors such as
addressable population, increasing disposable income of consumers coupled with
high spending on healthcare in this region. Emerging economics such as India
& China are projected to be the key countries responsible for the growth of
fitness tracker market in Asia Pacific region.
Market Segmentation
Our-in depth analysis of the global
fitness tracker ring market includes the following segments:
By Distribution Channel
·
Online Stores
·
Offline Stores
By Region
Global fitness tracker ring market
is further classified on the basis of region as follows:
·
North America (U.S. & Canada)
Market size, Y-O-Y growth & Opportunity Analysis
·
Latin America (Brazil, Mexico, Rest
of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
·
Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe)
Market size, Y-O-Y growth & Opportunity Analysis
·
Asia-Pacific (China, India, Japan,
Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth
& Opportunity Analysis.
·
Middle East and Africa (GCC, North
Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth
& Opportunity Analysis
Growth Drivers & Challenges
Global fitness tracker ring market
is expected to be drive by rising adoption of fitness trackers among consumers
during the forecast period. Fitness tracker rings are very helpful in those
situations where continuous activity tracking is one of the major concerns.
Further, adoption of fitness tracker rings is expected to grow due to its
compatibility with daily activities such as bathing, swimming, exercising and
other activities.
Furthermore, rising disposable
income of consumers and increasing spending on healthcare devices are expected
to be the key factors which may drive the growth of global fitness tracker ring
market during the forecast period.
Moreover, rapid technological
advancement is a major factor anticipated to boost the demand for fitness
tracker ring in near future. Additionally, fitness tracker has wide range of
ability such as ability to measure overall active minutes, activity types,
active heart rate, sleep duration, calories burned, resting heart rates,
distance travel and steps. Such abilities of fitness tracker rings are expected
to positively impact the growth of global fitness tracker ring market in near
future.
However, for now the app for fitness
tracker rings are only available for iOS users. Further, lack of compatibility
of fitness tracker ring with smart phone users (other than iOS users) is
expected to dampen the growth of global fitness
tracker ring market during the forecast period.
Key Players
The major players for fitness
tracker ring market are as follows:
·
Motive Inc.
o
Company Overview
o
Key Product Offerings
o
Business Strategy
o
SWOT Analysis
o
Financials
Key potential companies that may
enter into manufacturing of fitness tracker ring are mentioned below:
·
Fitbit
·
Jawbone
·
Garmin International
·
Samsung
·
Apple
·
Misfit
·
TomTom
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global fitness tracker ring
market is segmented as follows:
·
By Distribution Channel Market Size
& Y-O-Y Growth Analysis
·
By Region Market Size & Y-O-Y
Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT
Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and
Challenges
Key Information for Players to
establish themselves in current dynamic environment
To know more about this research,
kindly visit:
For Table
of Content & Free Sample Report Contact:
Name:- Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1
646 586 9123
U.K. +44
203 608 5919
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