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Smart Sports Equipment Market Trends

  • Report ID: GMI10518
  • Published Date: Jul 2024
  • Report Format: PDF

Smart Sports Equipment Market Trends

The smart sports equipment industry is experiencing a trend towards the growth of connected devices and the integration of the Internet of Things (IoT). More sports equipment is being designed with built-in connectivity features that allow for seamless integration with smartphones and fitness apps. This connectivity enables real-time tracking and analysis of performance data, enhancing the user experience. As consumers increasingly seek devices that provide comprehensive insights and personalized feedback, the demand for IoT-enabled smart sports equipment is expected to rise, fostering innovation and expanding the market.
 

There is a growing emphasis on health and wellness, driving the demand for smart sports equipment among fitness-conscious consumers. As individuals become more aware of the importance of maintaining a healthy lifestyle, they are seeking tools that help monitor and improve their physical fitness. This trend is encouraging manufacturers to develop products that not only track fitness metrics but also promote overall well-being, such as stress management and recovery tools. The focus on holistic health is influencing product design and marketing strategies, making smart sports equipment more appealing to a broader audience.
 

The incorporation of gamification elements into smart sports equipment is a rising trend that enhances user engagement and motivation. By integrating game-like features such as challenges, rewards, and leaderboards, manufacturers are making fitness more enjoyable and interactive. This trend appeals particularly to younger consumers who are motivated by competition and social interaction. Gamification encourages consistent use of smart sports equipment and fosters community engagement, driving overall market growth as consumers seek fun and innovative ways to stay active.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The smart sports equipment industry was valued at USD 2.85 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 & 2032, owing to the growing awareness and emphasis on health & fitness among consumers.

The smart balls segment of market is expected to reach a value of over USD 1.9 billion by 2032, as they have advanced sensors and technology that track performance metrics like speed, spin, and trajectory, helping athletes make data-driven improvements.

North America dominated the global smart sports equipment market in 2023, accounting for a share of over 35%, backed by the partnerships between tech companies and sports brands, enhancing the availability and diversity of equipment.

Gridiron Technologies, Fitbit, Inc., Garmin Ltd., Apple Inc., Samsung Electronics Co., Ltd., Under Armour, Inc., and Nike, Inc.

Smart Sports Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 244
  • Countries covered: 21
  • Pages: 270
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