Smart Jump Rope Market size to reach $_ million by 2027, growing with a CAGR of _% during the forecast period of 2020 to 2027.
Smart Jump Rope Market Growth Factors
The market is largely upheld by greater awareness about healthy living coupled with technological development. Rising health issue like obesity, high blood pressure due to the consumption of junk food and convenience food is expected to drive the smart jump rope market. developed countries like the U.S., Canada, and France lead the smart jump rope market due to the higher likelihood of the above-mentioned health issues in such countries.
Developed countries also show greater technological adoption. Smart Jump Rope market has a great technological edge as the product is an embedded jump rope that reports fitness data. It goes hand in hand as well as acts as an extension for fitness bands, smart shoes and other wearables. The rapid increase in the use of such gadgets can be attributed to features like synchronising of data collected to the user’s mobile fitness platform which is further connected to the smart jump rope and smart gym. In addition, users also are inclined to track jump count, calories burned and workout times. Tracking allows turning the exercise into a social activity where users can challenge others to remotely beat their records. Such a social door leads to greater dependency on the product, leading to greater expansion. Possibility of setting and adjusting skipping speed, balance, coordination and endurance offer a lucrative customizable option to the target market. Such properties also open up newer areas where smart rope makes a fun, addictive fitness as well as recreational experience that keeps workout going. Recording of progress also motivates users to work harder. Thus, smart rope jump rope market opens up new avenues in social as well as productivity sectors.
However, one of the impending threat to the smart jump rope market is the high cost of manufacture of smart rope ultimately leading to higher retail price to the end-user. This might discourage consumers to prefer smart jump ropes over conventional jump ropes. Nonetheless, the highly increasing number of tech-oriented population creates an easy opportunity for the market to expand.
Smart Jump Rope Market Segmentation
Smart Jump Rope Market Country Analysis
The global smart jump rope market is expected to witness substantial growth over the forecast period of 2019-2025. The usage and sales of smart jump rope products will increase dramatically. North America accounts for the largest market share and is expected to maintain this trend throughout the forecast period. The rapid growth of this market in North America can be attributed to increased government investment in research, the innovation of new technologies, and increasing health awareness. The Asia-Pacific region is projected to hold substantial potential for growth of this market due to an increase in technological advancements and the adoption of fitness activities. Top players in the smart jump rope market include KICKSTARTER, Silo, Tangram Factory, Inc., and Rx Smart Gear Inc.
Smart Jump Rope Market Share and Competition
The global leaders in the industry of smart jump rope are Kickstarter, Tangram Factory Inc., Survival & Cross, 5-Billion Fitness, Silo, Rx Smart Gear Inc. These are fitness solutions providers that are leading the smart jump rope industry and have set a competition among each other. The industry is growing rapidly through every region on the Earth including Europe, North America, Asia Pacific, Africa and Middle East. There are regions like Middle East and Africa that are a bit behind in the race of the product, but the giant companies like Kickstarter, Tangram Factory Inc. and Survival & Cross are moving their productions and distributions towards these areas. Other companies like Rx Smart Gear Inc and Silo are constantly launching new techs to meet up to the competitions set by the giant distributors like Kickstarter. The industry in India and Pakistan is rising due to the increase in demand of the product. New companies are investing into the business and will soon be able to join the giants on the competitive table.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Size Analysis (Revenue, USD Million, 2020 - 2027)
• Small
• Medium
• Large
• X-Large
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Home
• Gym
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Smart Jump Rope Market Companies
• KICKSTARTER
• Tangram Factory, Inc.
• Survival and Cross
• 5BILLION Fitness
• Silo
• Rx Smart Gear Inc.
• Others
Available Versions:-
United States Smart Jump Rope Industry Research Report
Europe Smart Jump Rope Industry Research Report
Asia Pacific Smart Jump Rope Industry Research Report
