About fitness band
Fitness band is a wristband used to monitor and track fitness-related metrics. It helps in tracking the duration of sleep, calories consumed/burnt, distance walked, heart rate, and various other activities. It is possible to sync this device with mobile devices to get a periodic statistics of activities to users. Some of the fitness bands may also have additional features such as notification of incoming call and messages.
Technavio's analysts forecast the global fitness band market to grow at a CAGR of 27.05% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global fitness band market for the period 2015-2019. To calculate the market size, the report considers the unit shipment of basic fitness bands. These bands serve a specific set of purposes and cannot run third-party applications. The report does not consider smart wearables and smart watches. It also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, the report discusses the major drivers that influence the growth of the global fitness band market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio Announces the Publication of its Research Report – Global Fitness Bands Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Fitness Bands Market: Fitbit, Garmin, Jawbone and Xiaomi
Other Prominent Vendors in the market are: Amiigo, Atlas Wearables, Fitbug, Flyfit, Goqii, Healbe, iFit, Jaybird, Misfit, Movable, Mushroom Labs, Nautilus, Pivotal, Polar, Razer, Runtastic, Skechers, Striiv, and YU Televentures.
Commenting on the report, an analyst from Technavio’s team said: “The market is expected to witness significant growth because of the emergence of certain trends that can exert a positive influence on the market during the forecast period. One such trend is the decline in cost of wearable technology. Many vendors are developing affordable low-price fitness bands. Also, the entry of new vendors through the crowdfunding platform will enable small players to create an impact in the market.”
According to the report, fitness bands help consumers track and monitor their fitness activities on a regular basis. Athletes use these devices to measure the distance traveled, calorie count, and heart rate. These devices help control many health concerns including obesity and heart and respiratory diseases.
Further, the report states that design constraints is one of the major challenges faced by the market.
Fitbit, Garmin, Jawbone, Xiaomi, Amiigo, Atlas Wearables, Fitbug, Flyfit, Goqii, Healbe, iFit, Jaybird, Misfit, Movable, Mushroom Labs, Nautilus, Pivotal, Polar, Razer, Runtastic, Skechers, Striiv, YU Televentures.
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