Description
Scope of the Report The report titled “ Global Fitness Wearable Device Market : Size , Trends & Forecasts ( 2016-2020 )”, provides an in-depth analysis of the global fitness wearable market by value . The report also gives an insight of the global fitness equipment market by segments , etc .
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry . Growth of the overall global fitness wearable device market has also been forecasted for the period 2016-2020 , taking into consideration the previous growth patterns , the growth drivers and the current and future trends .
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The competition in the global fitness wearable device market is dominated by the four big players Fitbit , Inc ., Garmin Ltd ., Xiaomi , Inc ., and Jawbone , Inc . Further , key players of the fitness wearable device market are also profiled with their financial information and respective business strategies .
Company Coverage Fitbit , Inc . Garmin Ltd . Xiaomi , Inc . Jawbone , Inc .
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Executive Summary A fitness wearable is a device for tracking and monitoring fitness-related metrics , such as distance walked or run , calorie consumption , and in some cases heartbeat and quality of sleep . Chest straps , Smart garments , Sports watches , Wristbands , Other fitness monitor are different types of fitness wearable .
The global fitness wearable market has increased at a significant CAGR during the years 2014-2015 and projections are made that the market would rise in the next four years i . e . 2016-2020 tremendously . The fitness wearable market is expected to increase due to increased outbreak of chronic diseases such as obesity and diabetes , increased number of health fitness clubs , rising GDP per-capita increased healthcare expenditure , etc . Yet the market faces some challenges such as , inability to keep people interested , availability of substitutes , technical difficulties , unaddressed regulatory and policy issues , the cost of inactivity .
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