Skip to main content
  1. Market Insights
  2. Digital
  3. Digital Health
  4. Digital Fitness & Well-Being

Fitness Trackers - India

India
  • In 2024, the projected revenue in the Fitness-Tracker market in India is expected to reach US$1.59bn.
  • It is anticipated that the revenue will show an annual growth rate (CAGR 2024-2029) of 9.98%, resulting in a projected market volume of US$2.55bn by 2029.
  • The user penetration rate is projected to be 7.84% in 2024 and is expected to increase to 11.00% by 2029.
  • The average revenue per user (ARPU) is expected to amount to US$14.03.
  • In comparison to other countries, United States is projected to generate the most revenue in the Fitness-Tracker market, with US$10.99bn in 2024.
  • India's growing middle class and increasing awareness of health and fitness make it a promising market for fitness trackers.

Definition:

The Fitness Trackers market includes smartwatches, smart bands, and smart scales that help individuals track their physical activity, sleep, heart rate, and other fitness statistics. These devices can be connected to smartphones or the Internet to share data with other fitness enthusiasts.

Structure:

The Fitness Trackers market consists of three main markets: smartwatches, smart bands, and smart scales.

Additional Information:

The market data comprises revenue, average revenue per user, users, and user penetration rates. Revenue in the Fitness Trackers market refers to sales of fitness trackers and related accessories.

The data only reflects B2C revenues; B2B and C2C revenues are not covered.

In-Scope

  • Smartwatches
  • Fitness/activity tracking wristwear
  • Smart scales

Out-Of-Scope

  • Smart clothing
  • Smart shoes
  • Smart eyewear
  • Health tracking apps
  • Parameter-specific biosensors that measure blood pressure, temperature, blood glucose, etc.
Digital Fitness & Well-Being: market data & analysis - Cover

Market Insights report

Digital Fitness & Well-Being: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Jul 2024

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Fitness Trackers market in India has seen significant growth in recent years, driven by increasing health awareness and the adoption of digital technologies in the country.

    Customer preferences:
    Consumers in India are increasingly prioritizing their health and well-being, leading to a growing demand for fitness trackers that can help them monitor their physical activity, sleep patterns, and overall health. The convenience and accessibility of digital fitness and well-being solutions have also contributed to the popularity of these devices among tech-savvy Indian consumers.

    Trends in the market:
    In India, the Fitness Trackers market is witnessing a shift towards more advanced features and functionalities to meet the evolving needs of consumers. This includes the integration of online doctor consultation services and digital treatment and care options within fitness tracker platforms, allowing users to access healthcare services remotely. Additionally, there is a rising trend of personalized health and fitness recommendations based on user data collected by these devices, further enhancing the user experience.

    Local special circumstances:
    One of the unique factors influencing the Fitness Trackers market in India is the country's diverse population and varying healthcare needs across different regions. As a result, companies operating in this market need to tailor their products and services to cater to the specific requirements of Indian consumers from urban and rural areas. Moreover, the affordability and value for money proposition of fitness trackers play a crucial role in driving adoption rates in a price-sensitive market like India.

    Underlying macroeconomic factors:
    The rapid digitalization of India's economy, coupled with increasing smartphone penetration and internet connectivity, has created a conducive environment for the growth of the Fitness Trackers market in the country. Rising disposable incomes and a growing middle-class population further support the affordability and accessibility of these devices for a larger consumer base. Additionally, government initiatives promoting health and wellness are also contributing to the positive market outlook for fitness trackers in India.

    Users

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

    Modeling approach / Market size:

    Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

    Additional notes:

    The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

    Demographics

    Most recent update: Mar 2024

    Sources: Statista Market Insights, Statista Consumer Insights Global

    Digital

    Access more Market Insights on Digital topics with our featured report

    Digital Fitness & Well-Being: market data & analysis - BackgroundDigital Fitness & Well-Being: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Contact

    Get in touch with us. We are happy to help.