The size of the Fitness Trackers Market in Europe is projected to grow at a CAGR of 21.2% from 2022 to 2027.
Rising awareness over smartphone usage and laptops in every corner of the region is a key driving factor for the market to grow. Growing tendency to introduce new devices in favor of the end-users is propelling the demand for the fitness trackers market in Europe. People’s concern towards health is increasing day by day, where they are focusing on to keep an eye on fitness-related activities is accelerating the growth rate of the market. Growing support from the government through investments in electrical and electronics industries promotes the demand for the fitness trackers market in Europe. People opt for android and iOS mode of compatible devices such as smartwatches, and others that are accurate and convenient elevate the demand of the market.
However, fluctuations in the devices' prices are impeding the demand of the fitness trackers market in Europe. Stringent rules and regulations by the government, lack of complete knowledge over the availability of different features in a device are restraining the market's growth rate. The market players' challenging factor is increasing data theft issues while connecting with other accessories like smartphones and laptops.
Growing capita income in many countries is lucratively to boost up growth opportunities for the market. Launch of innovative devices with the help of advanced technologies is expanding the demand of the market. Also, these devices are highly recommended for older people to monitor heart rate by physicians is likely to bolster the need for the market. Escalating healthcare expenditure, along with increasing disposable income, is expanding the shares of the fitness trackers market in Europe. Increasing support from the IT sector by launching applications for easy accessibility magnifies market demand.
This research report has been segmented & sub-segmented into the following categories:
The UK is leading with the highest shares of the market with the rising awareness over the availability of various devices. The reasons for the growth in this country augmenting fitness tracking apps, growing desire for wireless and continuous health monitoring devices, and flourishing awareness regarding obesity and escalation in discretionary expenses, rising income is escalating the market growth. Besides, the booming economy in many areas is lavishing the fitness trackers market's growth rate in this country.
Germany is following the UK in holding the most significant shares of the market by improving the productivity of the devices with advanced features. The entry of e-commerce in every sector is also an advantage for the market to grow. Increasing interest in sports activities is extensively leveraging the demand for the fitness tracker market. The rise in the scale of healthcare, a diagnostic center, and growing demand for wearable fitness trackers like smart clothing and smartwatches are scribed to bolster this market's growth in Germany. Moreover, increasing the adoption of wrist-wear fitness trackers and rising healthcare amounts spent are driving this region's fitness trackers market growth. Introduction of high-end featured devices and increasing importance for wirelessly connected devices and concentrating on leading healthy lifestyles by performing workouts and physical activities track, which widens the demand of german fitness trackers market.
France is deemed to have a tremendous growth rate in foreseen years.
Most prominent companies in the Europe Fitness Trackers Market profiled in this report are Fitbit, Inc., Apple Inc., Adidas AG, Xiaomi Inc., Samsung Electronics Co. Ltd., Nike Inc., Moov Inc., Lumo Bodytech Inc., and Jawbone.
Europe Fitness Trackers Market
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