Pedometer Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Published on: 2024-08-04 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Pedometer Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Pedometer Market Size
Pedometer Market size is expected to record a robust CAGR between 2024 and 2032, driven by the precision of step counters in tracking steps and calorie intake, coupled with the escalating adoption of wearable tech for health benefits.
Rising acceptance of sedentary lifestyles is leading to a surging prevalence of chronic conditions like obesity and heart diseases, encouraging the populace to focus on wellness & health. The latest findings disclosed by the World Health Organization (WHO) underscore that non-communicable diseases (NCDs) account for approximately three-quarters of the total annual mortality rate. In addition, the growing burden of lifestyle-related diseases like diabetes in developed countries will further augment the deployment of pedometers among the patients to maintain blood sugar levels and have a health & active lifestyle.
Pedometer Market Trends
According to a report by McKinsey & Company in 2022, 40% of conscious consumers prioritize fresh produce, while 33% opt for foods without artificial ingredients. Embracing a healthier diet, these consumers are driving a demand for fresher and more natural food choices. In an era where health consciousness is at its peak, consumers are actively seeking ways to monitor and improve their physical activity. Pedometers, with their ability to track steps, distance, and calories burned, have emerged as indispensable tools in achieving fitness goals. The integration of advanced sensor technologies, coupled with the rise of wearable devices, has further propelled the demand for pedometers.
Pedometer Market Analysis
The retail stores distribution channel is set for sustained revenue gains until 2032, driven by collaborative networks and better consumer experiences. Sporting goods stores, electronics retailers, and health and wellness shops make pedometers readily available, fostering consumer confidence. Actively expanding distribution networks through collaborations, market players can benefit from enhanced accessibility and visibility.
The spring-levered pedometer product type segment is set to gain traction during the study period, owing to its simplicity, durability, and cost-effectiveness. The appeal of spring-levered pedometers lies in their ability to provide reliable step count measurements without relying on complex electronic components. This makes them an attractive option for individuals seeking a straightforward and affordable solution for tracking their daily physical activity.
Asia Pacific pedometer market size is poised to expand through 2032, driven by rising health awareness, increasing disposable income, and a growing urban population. The World Health Organization (WHO) is calling on Southeast Asian nations to combat alarmingly high levels of insufficient physical activity among adolescents, reaching as high as 74%. This initiative aims to promote overall physical and mental well-being. Countries such as China, Japan, and India are at the forefront of this surge, with a burgeoning middle-class population actively adopting fitness-centric lifestyles. The integration of advanced technologies and the presence of major companies in the region are further propelling the expansion of the regional market.
Pedometer Industry Share
Some of the prominent pedometer industry players include
- Omron Corporation
- Fitbit
- LifeSense Group
- iWOWNfit
- Xiaomi
- WeLoop
- Huawei Technologies
- Nike
- Garmin
- Jawbone (Aliph)
- Samsung
Implementing strategic initiatives such as new product launches, business expansions, collaborations, and acquisitions, these market leaders are vying for a competitive edge. For instance, in 2021, Fitbit announced the launch of its latest fitness tracker, Fitbit Luxe. The sleek device is designed to empower users with a holistic approach to health and wellness.
Pedometer Industry News
For instance, in 2021, Fitbit announced the launch of its latest fitness tracker, Fitbit Luxe. The sleek device is designed to empower users with a holistic approach to health and wellness.