In a capital day fitness trackers are not just about pursuing a healthy lifestyle and flaunting a stealthy wealth and currently dominating almost 80% of the activity tracking market, is also trying to break into the sort of fashion and fitness tracker market is great to fill up their users and the features of this trackers are vary on different companies product and these fitness trackers offer much more accurate and detailed data when it comes to monitoring and analyzing. Not to mention that it’s easier to use and set up. While some devices are often used to monitor baby movements, others are used for independently living elders and not to mention that many of them cost much lower than smartwatches, it wouldn’t be unsurprising to see prices dropping as a result of amplified competitions as more companies try to seize the opening in the fitness tracking market.
Essential wearables, primarily comprised of fitness bands, accounted to the market and veteran double-digit growth and much of the increase was attributed to the launch of newer models, an expanding user base, and an enticing summer season that allowed people to step out of their homes and smart wearables capable of running third party apps will likely continue to struggle in the near term. The fitness tracker market place providing you useful fitness tracker device that make you active and here are some favorite fitness tracker gadget description that give better idea about them.
Apple’s verdict to launch its second-generation watches in mid-September, towards the end of the quarter, did donate to its year-over-year decline in 3Q16. However, the primary reasons for the downturn were an aging lineup and an unintuitive user boundary. Though both issues have been addressed with the latest generation watches, Apple’s success will likely be passive as the smartwatch category continues to be challenged.
Fitbit was once again the market leader in 3Q16 as the vendor released a long awaited refresh for the Charge HR with the Charge 2. Despite recent negativity surrounding the company’s enduring strategy and stock price, IDC expects it to continue leading the pack in the near term. The acquisition of Coin and the potential to expand into the smartwatch category present an break for the company to be more than now a fitness brand.
Xiaomi’s new Mi Band includes heart rate tracking and is priced well below any competition, making it more suitable for impulse buying than any other fitness band. Notwithstanding its worldwide growth in 3Q16, the company managed to lose market share as almost every other vendor outpaced its growth. Xiaomi, across all business lines, continues to resist gaining any significant traction outside its home country of China.
Garmin captured the third position as the company with one of the widest portfolios among all the vendors in the market. Now its strategy and branding remain focused on fitness die-hards. The company has managed to expand its channel presence over the past year, focusing on abundant sports equipment chains and sovereign retailers. Moreover, with the launch of recent products like the fenix Chronos, Garmin has also managed to improve its image as a company with a great fashion sense that makes it user over smart.
Samsung is most popular electronics accessories band in the world and they released two new models that very useful to use and its around the globe, the company was able to move large volumes of its latest wearables thanks to bundles offered with the Note 7 and other Samsung smartphones and thereby artificially inflating Samsung’s growth. Bundles aside, Samsung was able to continue shipment of its Gear S2, particularly the cellular-enabled versions, through various wireless service providers.
The recent forecast says that the wearable fitness tracker market will reach their goal and the numbers appear less significant compared to the sales of smartphones. Yet, the statistics indicate the growing trend ahead as more and more people are showing interests in spending on wearables. Despite the average price increase, the sales are skyrocketing and demand is visibly swelling. But it seems like a clear winner and loser within the wearable industry – fitness trackers and smartwatches, respectively and while the fitness tracker market is estimated to almost triple from the point in 2014, to $5.4 billion by 2019. Despite all the hype surrounding Apple Watch during the previous years, the situations for two markets have totally flipped around. Actually fitness tracker is great to use for getting its benefit and thanks to stay with.