Fitness Rings Statistics 2024 By Revenue And Facts

WHAT WE HAVE ON THIS PAGE Introduction Fitness Rings Statistics: The fitness rings market is on a trajectory of robust growth, driven by a burgeoning interest in health and fitness technologies. The market size for fitness rings, which are wearable devices designed to track various health and fitness metrics, is forecasted to reach USD 651.6 million by 2028, growing at a compound annual growth rate (CAGR) of 7.3%​​. This growth is propelled by technological advancements and an increasing consumer preference for data-driven fitness monitoring. Fitness rings have evolved to include advanced sensors for monitoring heart rate, blood pressure, sleep patterns, and physical activity, making them integral to personal health management. These devices offer the convenience of syncing with smartphones and other devices, enhancing the user experience by allowing easy access to fitness data and progress tracking. This integration has significantly boosted the demand for fitness rings​​. However, the industry faces challenges, notably concerns around data safety and privacy. The collection of personal information by fitness devices, coupled with potential security vulnerabilities, poses risks to user privacy and may hinder market growth​​. The market is segmented by compatibility (iOS, Android, Windows), with iOS devices holding a major share due to their health-focused features and apps. Distribution channels are categorized into online and offline, with offline channels currently dominating due to consumer preferences for physical product evaluation before purchase. Regionally, North America leads the market, thanks to its innovative ecosystem and high consumer spending on fitness technology​​. Key players in the market are focusing on innovation, offering products with novel features like waterproofing, durability, and stylish designs to cater to a wide range of consumer preferences. The drive towards more personalized, data-driven fitness experiences is expected to continue shaping the market, with further technological advancements and feature enhancements anticipated​​. These Fitness Ring Statistics include insights from various aspects that provide light on why Fitness Rings are the best wearable smart devices around the world today. Editor’s Choice The global fitness rings market was valued at USD 408.4 million in 2021 and is projected to reach USD 869.4 million by 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2031. Advanced sensors in fitness rings track a range of health parameters, including heart rate, blood pressure, and blood oxygen levels, making them increasingly popular. Integration with smartphones and other devices enhances user experience, contributing to the rising demand for fitness rings. The market is segmented based on compatibility (iOS, Android, Windows, and others), sales channel (online and offline), and region (North America, Europe, Asia-Pacific, LAMEA), with iOS holding a major market share and the offline segment dominating sales channels. The leading companies of the Fitness Rings are Sky Labs, Origami Group Ltd., Walmart, Circular, Happy Health, SLEEPON, Ultrahuman Healthcare3 Pvt Ltd, Oura Health OY, and Motiv.Inc, etc According to Global News Wire, the global fitness rings market size by 2028 is expected to reach around USD 651.6 million with a market growth of 7.3% from 2023 to 2028. According to the Volza’s Global Export data, the market of Fitness ring total import and export shipment units are 96.8K each. What is Fitness Rings? This is similar to smart rings that only measure some detailed aspects such as blood oxygen level, heart rates, etc. These are very lightweight users who easily can track their health details and can improve health conditions even without opening a phone. Facts About Fitness Rings The world’s top 3 Fitness Rings product categories are followed by HSN Code 83089099, HSN Code 83024110, and HSN Code 83089040. As of reports, around the world, most Fitness rings are imported from China, India, and Germany. As of 2023, the annual revenue earned by the Oura fitness ring is almost USD 50 to USD 75 million. Fitness rings are equipped with advanced sensors for tracking health parameters like heart rate, blood pressure, and blood oxygen levels, offering real-time health status feedback​. Features like sleep tracking and GPS for outdoor activities have surged in popularity, enhancing the fitness rings’ market growth. The fitness tracker market, including fitness rings, bands, and smart watches, is experiencing a rise in demand for technologically advanced devices, further driving market growth. General Fitness Rings Statistics In the year 2023, there are almost 10,705 global buyers in the fitness rings industry that are spread across 163 countries. Whereas, the global fitness ring buyers and suppliers are followed by 10,705 and 8,986 respectively. According to Report Linker analysis, the compound annual growth rate of the Asia Pacific fitness ring is expected to grow 8.1% from 2022 to 2028. The fastest growing market in the fitness tracker ring market is the Asia Pacific region with 20% of CAGR from 2023 to 2028. The fitness ring market is expected to grow at a CAGR in Latin America, the Middle East, and Africa is around 9.6% from 2022 to 2028. The European and North American fitness ring market is expected to grow at a CAGR of 7.2% and 6.7% during the forecasted period. Fitness Ring Statistics by Shipment The global fitness ring market includes 10,705 buyers and 8,986 suppliers. Total import and export shipments for fitness rings stand at 96.8K units each. As of December 8, 2023, fitness ring market transactions span 70 countries worldwide. The leading importer of fitness rings is Alpine Apparel Pvt. Ltd, with 2,068 shipments. It is closely followed by KH Exports India Private Limited Footwear Division with 2,065 shipments, and Grohe India Pvt Ltd with 1,856 shipments. On the export side, Grohe AG leads with 1,690 shipments. Tocheunglee Stationery Manufacturing company Private and ABB India Limited follow with 1,281 and 1,165 shipments, respectively. The top countries importing fitness rings are India with 41,003 shipments, the United States with 14,791 shipments, and Vietnam with 5,832 shipments. Buyers and Suppliers of Fitness Ring Statistics by Countries In the year 2023, there are almost 10,705 global buyers in the fitness rings industry that are spread across 163 countries. As of 2023 report analysis, the top buyer countries are followed by India (2689), the United States (1575), Vietnam (1068), United Kingdom (386), Indonesia (334), United Arab Emirates (294), Pakistan (284), Philippines (279), Turkey (197), Peru (180), Germany (176), Botswana (161), Kenya (160), Australia (119), Saudi Arabia (111), Sri Lanka (106), Brazil (103), Nepal (101), Singapore (87), Netherlands (86), Italy (85), China (76), Bangladesh (75), Ukraine (71), Spain (69), Canada (68), Uzbekistan (68), Malaysia (65), Qatar (64), France (62), Thailand (60), and South Africa (57). The top supplier countries are followed by China (2962), India (1601), Germany (557), United States (521), Italy (342), South Korea (320), Vietnam (266), Japan (237), Hong Kong (177), United Kingdom (176), Turkey (162), Singapore (127), Taiwan (124), South Africa (121), France (74), Spain (73), Netherlands (65), and Switzerland (51). The global export trade of fitness ring statistics by countries is followed by China (33164), India (32002), Germany (6148), Italy (3267), Vietnam (3252), the United States (282), South Korea (2314), Hong Kong (1929), Japan (1884), United Kingdom (861), Spain (751), Singapore (717), Taiwan (645), Malaysia (523), Thailand (510), Austria (462), Turkey (429), France (415), Sweden (400), Indonesia (394), South Africa (368), Switzerland (285), Pakistan (277), Netherlands (190), Belgium (167), United Arab Emirates (144), European Union (135), Finland (120), Czech Republic (110), Panama (102), and Canada (100). Fitness Rings Market by Region (Source: marketresearchengine.com) According to the reports of Marker Research Search Engine, the major leader of the fitness tracker ring market is the Asia Pacific region with 20% CAGR from 2023 to 2028 also termed as the fastest growing market. In the same duration from 2023 to 2028, the North American region is termed as the largest market at a CAGR of 19% Furthermore, other regions market growths with a CAGR are followed by Europe (18%), South America (15%), and others (17%). Best Fitness Rings by Rank #1. Oura Ring Gen 3 Horizon (the best fitness ring overall), costs from $299 to $349. (Source: zdnet.com) Specifications: this ring is made up of durable titanium and PVD coating, water resistance (up to 328 feet), sensors used (heart rate, blood oxygen, PPG, skin temperature, 3D accelerator), connectivity (Bluetooth low-energy, airplane mode), battery life (up to 7 days). The features of the fitness ring are best for sleep tracking, tracking steps, and active calories, and helps in checking workout details. (Source: insiderintelligence.com) #2. Go2sleep (the best budget fitness ring), costs around $149 and $99 if purchased from the…

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