Global Pedometer Market 2017-2021

Overview of the global pedometer market

Market research analysts at Technavio predict that the global pedometer market will grow steadily at a CAGR of more than 6% by 2021. The rising adoption of wearable devices in the sports and fitness industry is identified as one of the primary growth factors for this market. Participation in sports and physical fitness activities plays a vital role in promoting health and wellness among people. The pedometer is one of the most common devices used by individuals in the sports and fitness industry to regularly monitor their health conditions. Pedometers enable individuals to obtain real-time data and allows them to track their physical activities such as walking, running, and maintain a record of calories burned during physical exercise. This helps in changing their fitness regimes accordingly without the need to consult a healthcare provider, which in turn, helps in saving healthcare costs. With the increasing number of sportspersons around the globe, the demand for pedometers will increase in the coming years, which will subsequently fuel market growth.

In terms of geographic regions, the Americas will be the major revenue contributor to the pedometer market throughout the forecast period. The developed countries of the Americas such as the US and Canada are home to several vendors operating locally as well as internationally. Factors such as the availability of many retail outlets and online distribution channels, high internet penetration, and the increased presence of vendors with suitable product offerings, are driving the market's growth in this region.

Competitive landscape and key vendors  

The pedometer market consists of many regional and international vendors. With all vendors constantly competing to gain maximum revenue shares, this market appears to be highly competitive. The international players provide intense competition to the regional players based on features such as product quality, pricing, market reach, and financial resources. The competitive environment in this market will intensify further with a rise in product and service extensions and product innovations.

The leading vendors in the market are -

• Fitbit
• Garmin
• Jawbone
• Omron Healthcare

The other prominent vendors in the market are Apple, Motorola, Yamax, Samsung, Adidas, Misfit, and Xiaomi.

Segmentation by product and analysis of the pedometer market

• Smart pedometer
• Manual pedometer

The increased adoption of smart pedometers among the end-users due to its value-added product features will contribute to the growth of this market segment in the coming years. Moreover, the continuous technological advancements and product innovations that enable the smart pedometer to be connected to various electronic devices and store health data digitally will also drive the market's growth prospects in this segment.

Segmentation by distribution channel and analysis of the pedometer market

• Retail outlet
• Online stores

This market research report estimates that the retail outlets were the major distributors to the pedometer market during 2016. However, due to the convenience in purchase and the growing popularity of online shopping, online stores will account for the maximum sales of pedometers by the end of the forecast period. Additionally, the growing trend of online purchase in the developing countries of APAC such as India and China and the increasing number of e-commerce companies, will also drive the sales of pedometers through online stores.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global pedometer market?
• What are the key market trends impacting the growth of the global pedometer market?
• What are the challenges to market growth?
• Who are the key vendors in the global pedometer market?
• What are the market opportunities and threats faced by the vendors in the global pedometer market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global pedometer market?

Technavio also offers customization on reports based on specific client requirement.

Pedometers are electronic devices that count the number of steps taken by a user. Pedometers are either integrated into wearable devices or other handheld devices such as smartphones, iPods, and music players. The upcoming research report on the global pedometer market follows a thorough data collection methodology and offers an analysis of fast growing market segments like health and wellness. Technavio also offers a large number of research report on the health and wellness sector to offer clients insights into the total market size, growth rate, and competitive landscape.

Technavio gathers business intelligence data on key parameters such as profit, pricing, products, competition, marketing, and technology by conducting exhaustive qualitative and quantitative research methodologies. The research report on the global pedometer market also helps the client in getting in-depth knowledge of the market to make informed business decisions. To provide clients with further detailed and segregated view of the market, this market research report also covers geographies like APAC, North America, and Europe.

This upcoming industry report on the global pedometer market also examines the growth of the similar markets such as the global sports supplement market, which is expected to grow at a CAGR of more than 8% by 2021. Due to the recent rise in obese and overweight population, our research analysts predict that the populace might be more inclined towards the use of fitness devices, such as pedometers. This upcoming market research report on the global pedometer market also covers vendors like Gmap, Sportline, Runtastic, and Pedometer USA.

The upcoming market research report for the global pedometer market also highlights the major drivers, key market trends, as well as the constraints that the health and wellness sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients a precise picture of the upcoming events within the new research areas industry. Technavio also provides deep-dive market assessments into the sectors such as furniture and home furnishing and agricultural equipment.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.