US Wearables Market is to grow by USD 7.82 billion from 2022 to 2027, Driven by the increasing focus on fitness and healthy lifestyle orientation - Technavio
NEW YORK, Sept. 29, 2023 /PRNewswire/ -- The "wearables market in US by distribution channel (online and offline) - Forecast and Analysis 2023-2027" report has been added to the technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the wearables market in US from 2022 to 2027 is USD 7.82 billion, according to Technavio. The increasing focus on fitness and healthy lifestyle orientation are key factors driving the market growth. Wearables provide an easy and convenient way of monitoring physical activity, keeping track of a person's health status, or achieving their fitness goals. As a result, consumers have become very aware of health and are using these products to meet their fitness objectives. So, in recent years, as Fitbit, Garmin, and Apple are the major players on the market, wearable devices like fitness trackers and wristwatches have gained increased popularity. In addition, there are several features offered on these devices, such as heart rate monitoring, step tracking, calorie counting, and sleeping tracking, besides the apps and other functionalities that help users set and achieve their fitness goals. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
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The wearables market in US has been segmented by distribution channels (online and offline).
Key Companies in the wearables market in US:
adidas AG, Alphabet Inc., Anhui Huami Information Technology Co. Ltd., Apple Inc., ASUSTeK Computer Inc., Capri Holdings Ltd., Casio Computer Co. Ltd., Fossil Group Inc., Garmin Ltd., HTC Corp., Huawei Technologies Co. Ltd., LG Electronics Inc., Motorola Solutions Inc., Nike Inc., Samsung Electronics Co. Ltd., Sony Group Corp., TomTom NV, Withings France SA, Xiaomi Communications Co. Ltd., and Polar Electro Oy
The Internet of Things (IoT) enabled industrial wearables market is estimated to decline at a CAGR of 23.58% between 2022 and 2027. The size of the market is forecast to increase by USD 3,345.57 million. This report extensively covers market segmentation by product (hand-worn wearables, head-mounted wearables, and smart eyewear), end-user (automotive, manufacturing, aerospace, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rise in digitalization and automation within industries is notably driving the market growth.
The wearables market is estimated to grow at a CAGR of 15.09% between 2022 and 2027. The size of the market is forecast to increase by USD 73,631.84 million. This report extensively covers market segmentation by product (smartwatches, wireless headphones, smart bands, and others), distribution channel (online and offline), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The growing preference for wearable devices for payment is notably driving the market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product Type
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Drivers, Challenges, & Trends
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