Research and Markets states, “Global 3D Pedometer Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, By 2027 (Global 3D Pedometer Market Size) , Market Share, Segment Analysis, Regional Perspectives, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2027) Report.
With that release, Research and Markets provides an overview of this report as follows:
The overall size of the global 3D pedometer market in 2018 is US $ 1.49 billion and is expected to grow at a combined annual growth rate of 5.14% during the forecast period.
The 3D pedometer market is driven primarily by the world’s fastest growing wearable technology trends. Consumer demand for fitness trackers and the popularity of wearable technology among young people are driving the growth of the 3D pedometer market.
In 2017, the global value of the fitness tracker market exceeded US $ 50 million. High-end activity tracking and interactive operating systems also play a key role in the growth of these devices.
The 3D pedometer has multiple functions such as distance measurement, aerobic exercise, calories burned, and data storage. Due to these factors, the 3D pedometer market is expected to continue to grow during the forecast period.
By sector, the online sales sector leads the market with a global market share of over 60%.
The proliferation of the Internet and the availability of smartphones are supporting the growth of the global online sales department.
With the continued development of the global e-commerce economy, the company wants to release its products online, which will help further expand the online sales market.
Products such as 3D pedometers are mainly used by young people seeking the benefits of online sales such as discounts, convenience and lots of information, and prefer online shopping. In addition, these benefits of online sales have greatly facilitated the growth of this market segment.
Due to these factors, the online sales segment is expected to lead the 3D pedometer market during the forecast period.
By region, the global 3D pedometer market is dominated by North America, with a market share of over 33%, followed by Europe and the Asia Pacific region.
The reason for the highest market share in North America is the growing interest in people’s health and the increasing personal sporting activity.
The Asia-Pacific region is expected to grow at a compound annual growth rate due to economic development, health problems and an increase in the youth population, but as urbanization progresses and living standards improve, 3D pedometers in the Asia-Pacific region Demand will accelerate further. The reason is factors such as improvement.
Due to these factors, rapid growth is expected during the forecast period, especially in the Asia Pacific region.
Key market participants include Huawei Technologies Co., Ltd., DiDo, FitBit, Inc., WeLoop, Life Sense Group, Omron and Precision.
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