SAN FRANCISCO, September 9, 2021 / PRNewswire / – A new market survey from Global Industry Analysts Inc. (GIA), the leading market research firm, today released its report entitled “Fitness Bands – Global Market Trajectory & Analytics”. The report offers new perspectives on opportunities and challenges in a strongly changed market after COVID-19.
Fitness bands
FACTS AT A GLANCE
Edition: 9; Published: April 2021
Executive pool: 428
Companies: 16 – Players Covered include Fitbit, Inc .; Garmin Ltd .; Heilbe Corp .; if it; iHealth Lab, Inc .; Jawbone; Jay; Misfit, Inc .; Movable; Nautilus, Inc .; Polar Electro Oy; Runtastic GmbH; Xiaomi, Inc. and others.
Coverage: All major regions and key segments
Segments: segment (fitness bands, smartwatch, other segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and rest Europe); Asia Pacific; Rest of the world.
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ABSTRACT-
Reaching Global Fitness Bands Market $ 97.2 billion by 2026
Amid the COVID-19 crisis, the global fitness band market is valued at $ 33.3 billion in 2020 is expected to reach a revised size of $ 97.2 billion until 2026 with a CAGR of 19.4% in the analysis period. Fitness bands, one of the segments analyzed in the report, is expected to have a CAGR and reach of 23.1% $ 5.6 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis caused, the growth in the smartwatch segment will be adjusted to a revised CAGR of 19.3% for the next 7 year period.
The story goes on
The US market is estimated at $ 12.1 billion in 2021, while China is expected to reach $ 16.9 billion by 2026
The US fitness band market is estimated at $ 12.1 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 16.9 billion by 2026 with a CAGR of 18.6% in the analysis period. Other notable geographic markets include Japan and Canada, which will grow by 17.3% and 16.7% respectively over the analysis period. Within Europe, Germany is forecast to grow about 14.3% CAGR.
Other segments Segment to be reached $ 1.5 billion by 2026
In the global Other Segments segment United States of America, Canada, Japan, China and Europe will drive the estimated CAGR of 15.7% for this segment. These regional markets make a combined market size of $ 492.4 million in 2020 a forecast size of $ 1.4 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.