The global smart fitness wear market is expected to grow at a significant CAGR during the forecast period (2022-2028). Risingt adoption of wearables for fitness purpose is primarily driving the growth of the market. Electronic wearable devices give a complete knowledge about the fitness of the people. It can set targets for people in order to achieve in a certain period of time. Significant innovations in wearables have been witnessed, which in turn, is further propelling the market growth. Smart Watch are coming with inbuilt ECG monitor to track the activities of heart rate in case a person is suffering from cardiovascular diseases.
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Prevayl launched its product in the UK. The smart shirt which is launched by the company has an inbuilt tracking sensor. This can be controlled from the application on mobile. The range of smart garments include shirt, crop tops and vests. At the starting phase, the company is offering the products to a limited number of users. Google declared its plan to launch a smartwatch in 2022. This watch will consist of fitness features such as step counting and a heart rate monitor. The company is planning to install a fitbit integration into the watch. Some major players in the market include Interactive Wear AG, Intelligent Clothing Ltd., and Athos, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2021, Titan launched three new watches under its fitness gear brand TraQ. This watch series have features such as in-built GPS, transflective display, ANT+ compatibility, and heart rate monitoring.
Competitive Landscape-
Interactive Wear AG, Intelligent Clothing Ltd., and Athos, among others.
By Product
Clothing
Shoes
Wearable
Others
By Distribution Channel
Online
Offline
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Scope of the Report
The research study analyzes the Global Smart Fitness Wear industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Smart Fitness Wear Market Report
1. What was the Global Smart Fitness Wear Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Smart Fitness Wear Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Smart Fitness Wear Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Smart Fitness Wear market.
- The market share of the Global Smart Fitness Wear market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Smart Fitness Wear market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Smart Fitness Wear market.
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