US Fitness Rings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 147.56 Million |
| Market Size (2029) | USD 206.21 Million |
| CAGR (2024 - 2029) | 6.92 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Fitness Rings Market Analysis
The US Fitness Rings Market size is estimated at USD 147.56 million in 2024, and is expected to reach USD 206.21 million by 2029, growing at a CAGR of 6.92% during the forecast period (2024-2029).
- As health-conscious consumers increasingly move toward the adoption of fitness rings, the US market for these compact devices is witnessing swift expansion. Fitness rings, distinct from conventional fitness trackers and smartwatches, provide a better way to track diverse health and fitness metrics. Several factors drive this surging demand: innovations in wearable technology, an intensified focus on health and wellness, and shifting consumer preferences that prioritize both convenience and aesthetics.
- In the United States, the surging demand for fitness rings is primarily fueled by a growing awareness of health and wellness. Consumers are taking a more proactive stance in managing their health. According to a 2023 report by the United Health Foundation and the American Public Health Association, several health-related issues in the US have seen a notable uptick. These include depression, arthritis, asthma, diabetes, cardiovascular diseases (CVDs), chronic obstructive pulmonary disease (COPD), cancer, and chronic kidney disease, all of which have reached their highest levels since the inception of America's Health Rankings.
- Hence, consumers are investing in new fitness rings that cater to the growing interest in preventive health care. As it provides users with data on their sleep patterns, physical activity, and heart rate, these devices help individuals identify potential health issues early and make lifestyle adjustments to prevent more serious conditions. It also focuses on preventive health, which is especially appealing in a country where chronic diseases, such as heart disease and diabetes, are prevalent.
- Rapid advancements in wearable technology are driving the US market for fitness rings. Once features exclusive to larger, more expensive devices, fitness rings now offer heightened sophistication. For instance, contemporary fitness rings are equipped with sensors that monitor heart rate variability, oxygen saturation, and sleep stages. These advanced metrics provide users with a comprehensive view of their health, positioning fitness rings as essential tools for individuals aiming to optimize their well-being.
US Fitness Rings Market Trends
Growing Demand of Wearable Devices
- In recent years, technological advancements, heightened health awareness, and the incorporation of fitness features into daily accessories have driven the growth of the wearable devices market. Notably, fitness rings have surged in popularity among US consumers, combining functionality, convenience, and style. This rising enthusiasm for wearable devices is significantly bolstering the market for fitness rings, establishing them as pivotal players in the expansive health and wellness sector.
- In the US, the market for fitness rings is experiencing robust growth fueled by changing consumer preferences and lifestyle choices. Young consumers are looking for devices that offer functionality and complement their personal style. As per the survey conducted by YouGov, it was found that wearable devices are most popular among Americans aged between 18 and 29, with almost half of the respondents in this age group owning a wearable. Nearly 27% of the total respondents aged between 18-29 own wearable devices.
- Technological innovation is another critical factor driving the demand for fitness rings in the US market. Manufacturers are continuously enhancing the capabilities of fitness rings, incorporating advanced features such as ECG monitoring, temperature tracking, and hydration reminders. These features, once reserved for high-end medical devices, are now available in compact, wearable forms, making them accessible to a broader audience.
- Moreover, driven by technological advancements, heightened health awareness, and the seamless integration of wearables into daily routines, the US fitness rings market is set to maintain its growth. As health and wellness take center stage for consumers, fitness rings are emerging as vital instruments for personal health management, solidifying their status in the burgeoning wearable devices market.
Increasing Adoption of Smart Fitness Rings in US
- The US is witnessing a surge in the demand for fitness rings. Smart fitness rings provide an array of health-tracking features in a compact and discreet design. In contrast to wrist-worn devices, which some users find cumbersome or uncomfortable, fitness rings are lightweight and fit seamlessly on a finger. This design choice makes them less obtrusive and easier to incorporate into everyday routines.
- Looking at the growing demand for fitness rings, many companies have started launching smart rings. These rings are equipped with advanced sensors capable of tracking various health metrics, including heart rate, sleep patterns, steps, calories burned, and even oxygen saturation levels. This data is collected and analyzed in real time, giving users actionable insights into their health and fitness. The convenience and continuous monitoring offered by smart fitness rings make them attractive for health-conscious consumers who want to stay informed about their well-being without wearing a bulky device.
- In the United States, a growing number of people have started getting engaged in sports activities. For instance, according to the report published by the US Census Bureau, in 2023, it was found that 22.4% of men in the United States participated in sports, exercise, and recreational activities daily, compared to only 19.9% of women. This represents the awareness of fitness among the US people. As people are now more aware of their health, they are investing in fitness tracker devices, which drives the demand for fitness rings in the country.
- As the market for smart fitness rings grows, consumer preferences are evolving. Now, consumers look for devices that provide accurate health data; they also want products that reflect their personal style. Smart fitness rings, with their sleek and minimalist designs, are well-suited to meet this demand. Unlike traditional fitness trackers or smartwatches, which can be bulky, fitness rings are subtle and versatile, making them suitable for a wide range of settings, from the gym to the office.
- Overall, in the United States, the demand for smart fitness rings is surging, driven by technological advancements, evolving consumer preferences, and an intensified emphasis on health and wellness. With manufacturers consistently upgrading the features and functionalities of these devices, smart fitness rings are poised to become pivotal players in the wearable tech market, offering users a discreet and convenient means to manage their health.
US Fitness Rings Industry Overview
The US Fitness Rings Market is competitive and has several major players. However, many companies are increasing their market presence by securing new contracts and acquiring other companies. Key companies in the market include Circular Ring, Motiv ring, Oura Health Oy, Samsung Electronics, Ultrahuman, and others, which continuously innovate and seek market expansion through strategic mergers, acquisitions, and partnerships.
US Fitness Rings Market Leaders
-
Circular Ring
-
Motiv ring
-
Oura Health Oy
-
Samsung Electronics
-
Ultrahuman
*Disclaimer: Major Players sorted in no particular order
US Fitness Rings Market News
- August 2024 - RingConn launched its second-generation smart ring wearable. This new version utilizes AI to monitor overnight breathing and respiration, claiming an accuracy of 90.7% in identifying risk events. Rated IP68 for water resistance, the device features photoplethysmography (PPG) sensors for heart rate and blood oxygen saturation, temperature sensors, and accelerometers for motion tracking. It is designed for continuous wear, supporting both health monitoring and exercise tracking.
- July 2024 - Samsung unveiled its latest innovation: an AI-powered smart ring. This advanced ring is equipped with sensors that monitor vital health metrics continuously. These metrics encompass sleep patterns, heart rate variability, and activity levels. The collected data undergoes analysis through Samsung's proprietary AI and algorithms, culminating in a novel feature: the Energy Score. This score offers users tailored insights into their overall well-being.
- April 2024 - Ultrahuman announced the establishment of an UltraFactory in the United States, with operations set to begin within the next six months. This facility is expected to serve as the foundation for the company's ambitious growth strategy. The UltraFactory will feature comprehensive production capabilities, aligning with Ultrahuman's vision to become the market leader in the smart ring sector in the near future.
US Fitness Rings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Analysis of Macro-Economic Scenario
4.4 Insights on the regulatory landscape related to data security
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Demand of Wearable Devices
5.1.2 Growth in demand for compact devices
5.2 Market Challenges
5.2.1 Limited use of features, augmented with security risks
5.3 Overview of demand trends of fitness and well-being apps
5.4 Role of E-commerce vendors in the industry
5.5 Benefits of NFC and RFID chip in fitness trackers
5.6 Trade analysis (export & import scenarios) of Fitness Rings
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Basic Fitness ring
6.1.2 Smart Fitness Rings
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Circular Ring
7.1.2 Motiv ring
7.1.3 Oura Health Oy
7.1.4 Samsung Electronics
7.1.5 Ultrahuman
7.1.6 RingConn
7.1.7 Amazfit
7.1.8 Fitbit Inc. (Google Inc.)
7.1.9 Sleepon
8. INVESTMENT ANALYSIS
9. FUTURE MARKET OUTLOOK
US Fitness Rings Industry Segmentation
The US fitness rings market tracks the revenue incurred through the sale of smart fitness tracker rings offered by market vendors (directly, through partners, and through e-commerce platforms) to consumers in China.
The US fitness rings market is segmented by product type (basic fitness rings, smart fitness rings). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.
| By Product Type | |
| Basic Fitness ring | |
| Smart Fitness Rings |
US Fitness Rings Market Research FAQs
How big is the US Fitness Rings Market?
The US Fitness Rings Market size is expected to reach USD 147.56 million in 2024 and grow at a CAGR of 6.92% to reach USD 206.21 million by 2029.
What is the current US Fitness Rings Market size?
In 2024, the US Fitness Rings Market size is expected to reach USD 147.56 million.
Who are the key players in US Fitness Rings Market?
Circular Ring, Motiv ring, Oura Health Oy, Samsung Electronics and Ultrahuman are the major companies operating in the US Fitness Rings Market.
What years does this US Fitness Rings Market cover, and what was the market size in 2023?
In 2023, the US Fitness Rings Market size was estimated at USD 137.35 million. The report covers the US Fitness Rings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Fitness Rings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Fitness Rings Industry Report
Statistics for the 2024 US Fitness Rings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Fitness Rings analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
