Asia Pacific Fitness Rings Market

Asia Pacific Fitness Rings Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Offline, and Online), By Compatibility (iOS, Android, Windows, and Others), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-14407 Publication Date: March-2023 Number of Pages: 51
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Market Report Description

The Asia Pacific Fitness Rings Market would witness market growth of 8.1% CAGR during the forecast period (2022-2028).

Gym-goers are now eager to learn more about personal progress, like body fat percentage and sleep quality, in addition to basic information like their weight. As a result, technology is evolving from both the standpoints of customers and providers. Wearable fitness technology like fitness rings is predicted to control the fitness industry in the coming years due to the convergence of digital technologies and healthcare. Deskbound habits associated with modern living expose people to a significant risk of acquiring various health conditions, including lack of sleep, obesity, diabetes, and other ailments.

People have begun to exercise daily to maintain their health and avoid multiple health ailments due to hectic work schedules and escalating health issues. As a result, raising knowledge about the importance of a healthy living will raise the demand for exercise activities. This, in turn, is likely to increase demand for fitness-tracking products. Furthermore, fitness products provide consumers with greater flexibility, which aids in the prevention of significant health problems. As a result, increased health consciousness is likely to boost market expansion.

Asia Pacific is the world's biggest and most populous continent, accounting for 4.44 billion people, or over 60% of the world's population. The agricultural, food processing and dietary practices of Asia's ethnic groups vary greatly. However, a "nutrition transition" is in tandem with strong economic expansion. The conventional dominance of grains like rice and vegetables, as well as other mainstays, gives way to diets high in protein, fat, and energy. As a result, diabetes and obesity are rising, with obesity rates exceeding 40% in several Asian nations. As a result, the number of fitness trackers purchased has significantly increased, especially in countries like China, Japan, India, and Australia.

The China market dominated the Asia Pacific Fitness Rings Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $46,839.5 Thousands by 2028. The Japan market is estimated to grow a CAGR of 7.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.8% during (2022 - 2028).

Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Compatibility, the market is segmented into iOS, Android, Windows, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Fitness Rings Market is Projected to reach USD 651.6 Million by 2028, at a CAGR of 7.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ultrahuman Healthcare Private Limited, Sky Labs, Oura Health Oy, ArcX Technology Ltd, SLEEPON, Circular and Ringly Inc.

Scope of the Study

Market Segments Covered in the Report:

By Distribution Channel

  • Offline
  • Online

By Compatibility

  • iOS
  • Android
  • Windows
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Ultrahuman Healthcare Private Limited
  • Sky Labs
  • Oura Health Oy
  • ArcX Technology Ltd
  • Circular
  • Ringly Inc.
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