Smart Weight, Body Composition and BMI Scales Market Size, Trends, Share, Growth, and Opportunity Forecast, 2023 - 2030 Global Industry Analysis By Material Type (Natural, and Synthetic), By Bed Type (Single Bed, Double Bed, Queen Size, and King Size), By End-use (Residential, and Commercial (Hotels, Hospitals, Others)), By Sales Channel (Independent Small Stores, Specialty Stores, Online Retailing, and Others) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Smart Weight, Body Composition and BMI Scales Market Size, Trends, Share, Growth, and Opportunity Forecast, 2023 - 2030 Global Industry Analysis By Material Type (Natural, and Synthetic), By Bed Type (Single Bed, Double Bed, Queen Size, and King Size), By End-use (Residential, and Commercial (Hotels, Hospitals, Others)), By Sales Channel (Independent Small Stores, Specialty Stores, Online Retailing, and Others) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Region: Global
Published: April 2024
Report Code: CGNCGS608
Pages: 212

The Global Smart Weight, Body Composition and BMI Scales Market was valued at USD 251.4 Million in 2022 and is anticipated to reach a value of USD 383.3 Million by 2030 expanding at a CAGR of 5.5% between 2023 and 2030.

The smart weight, body composition, and BMI scales are technologically advanced equipment which is designed to provide    comprehensive overview to the consumer regarding his health. The scale consists of cutting edge sensors and connectivity features which overshadow traditional weight measurements. The manufacturers of smart weight, body composition, and BMI scales are coming with advance data analytics which provides insights about body fat percentage, muscle mass and other important insights. The market is being driven by a few variables, such as steady government directions, developing demand for body composition and BMI scales, and innovative progressions. Industry benefits are moreover anticipated from a move in client inclinations toward economical and eco-friendly items. Furthermore, the developing accentuation on wellbeing and wellness is anticipated to advance advertise extension as customers search for items that adjust with their values and way of life inclinations. Smart weight, body composition, and BMI scales are developing markets with critical development potential for both set up and developing businesses due to modern patterns and advertise components that advance a growth-friendly environment.

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Smart Weight, Body Composition and BMI Scales Market Major Driving Forces

Technological Progressions: The market is driven by persistent innovative developments that upgrade the productivity and adequacy of smart weight, body composition and BMI scales products and services. This incorporates advancements in materials, manufacturing forms, and advanced technologies.

Population Growth and Urbanization: The expanding demand for smart weight, body composition and BMI scales products and services, driven by components such as populace development, urbanization, and changing customer inclinations, could be a critical driver for market development.   

Growing Lifestyle Related Diseases: Growing prevalence of the lifestyle related diseases such as obesity, diabetes, respiratory diseases, hypertension and others has created a demand to keep in check the individual’s BMI, body fat, muscle mass and other parameter. Hence, smart weight, body composition and BMI scales are in great demand.

Integration of Cutting-edge Technology: Technological innovations in various fields such as sensor technology, data analytics, wireless connectivity, and many other advancements has created smart weight, body composition and BMI scales much more precise and adaptable.

Smart Weight, Body Composition and BMI Scales Market Key Opportunities

Technological Advancements: Sensor technology, data analytics, wireless connectivity, and many other technological advances have made smart weight, body composition and BMI scales much more accurate and versatile, hence providing greater opportunity in tech-savvy environment.

Online Retail and E-commerce Growth: The proceeded development of online retail and e-commerce stages gives an opportunity for smart weight, body composition and BMI scales producers to extend their reach and tap into a broader client base. Online sales channels permit for less demanding item availability and global market penetration.

Customization and Personalization: Manufacturers of body composition, smart weight, and BMI scales can provide customization choices so that users can personalize the scale to fit their needs. This trend opens up new markets for premium and niche products by increasing customer involvement and brand loyalty.

Smart Weight, Body Composition and BMI Scales Market Key Trends

·         Increasing adoption of smart scales with advanced body composition analysis features.

·         Integration of technology and connectivity that can provide real-time data tracking and personalized information.

·         Rise of preventive healthcare drives demand for home-based health monitoring solutions.

·         Growing popularity of fitness tracking and wearable technology fosters self-monitoring culture.

·         Emphasis on weight management in corporate wellness programs boosts market demand.

·         Expansion of e-commerce and online sales channels facilitates global market access.

·         Innovation in sensor technology and smartphone applications that can enhance user experiences.

·         Shift towards customized and personalized weight scale that drives the demand for customized health insights from smart scales.

Region-wise Market Insights

North America accounted for the largest market share at 38.3% in 2022 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 6.1% between 2023 and 2030.

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The North America region is the region which has a lot of traction and a great demand regarding smart weight, body composition and BMI scales, and hence, it dominates the global market with market share of 38.3%, accounting USD 96.29 Million. The market in this region is driven by hectic lifestyle of the residents which demands such high tech devices to keep a track on their body’s metabolism. Besides this, high disposable income allows them to adopt high-tech devices. Rising obesity and diabetes problems are among the growing concerns among the population of this region. On the other hand, Asia-Pacific region is the region which is expected to grow at the fastest growth rate of CAGR 6.1% in highly competitive global market of smart weight, body composition and BMI scales. The market in this region is driven by rapid urbanization which is leading to adoption of urban lifestyle that is adversely impacting their health. Rising disposable income is allowing the people of this region to adopt latest technological devices which can provide important insight regarding their body.

Market Competition Landscape

There is a mix of established businesses and up-and-coming competitors in the global market for smart weight, body composition, and BMI scales. Due to their vast production capacities, wide-ranging distribution networks, and varied product offerings, which include a range of smart weight, body composition, and BMI scales with grades and dimensions catered to distinct customer needs, leading companies have a substantial market presence. Furthermore, the ongoing emphasis on research and development initiatives drives market competitiveness. Major players are making innovative investments to improve the smart weight, body composition, and BMI scales' performance and quality in order to satisfy changing consumer needs and strict construction codes. In addition, firms are increasingly forming strategic alliances and collaborations in order to broaden their worldwide reach and access to new markets.

Key players in the global smart weight, body composition and BMI scales market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Fitbit, Inc.

·         Withings

·         Garmin Ltd.

·         Tanita Corporation

·         Renpho Group

·         Omron Corporation

·         Nokia Corporation (formerly Nokia Health)

·         Qardio, Inc.

·         Etekcity Corporation

·         Yunmai Technology Co., Ltd.

·         InBody Co., Ltd.

·         iHealth Labs Inc.

·         Beurer GmbH

·         Greater Goods

·         Koogeek Inc.

Report Attribute/Metric

Details

Market Revenue in 2022

USD 251.4 Million

Market Revenue in 2030

USD 383.3 Million

CAGR (2023 – 2030)

5.5%

Base Year

2022

Forecast Period

2023 – 2030

Historical Data

2018 to 2022

Forecast Unit

Value (US$ Mn)

Key Report Deliverable

Revenue Forecast, Growth Trends, Market Dynamics, Segmental Overview, Regional and Country-wise Analysis, Competition Landscape

Segments Covered

·   By Material Type (Natural, and Synthetic)

·   By Bed Type (Single Bed, Double Bed, Queen Size, and King Size)

·   By End-use (Residential, and Commercial (Hotels, Hospitals, Others))

·   By Sales Channel (Independent Small Stores, Specialty Stores, Online Retailing, and Others)

Geographies Covered

North America: U.S., Canada and Mexico

Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

South America: Brazil, Argentina, and Rest of Latin America

Middle East & Africa:  GCC Countries, South Africa, and Rest of Middle East & Africa

Key Players Analyzed

Fitbit, Inc., Withings, Garmin Ltd., Tanita Corporation, Renpho Group, Omron Corporation, Nokia Corporation (formerly Nokia Health), Qardio, Inc., Etekcity Corporation, Yunmai Technology Co., Ltd., InBody Co., Ltd., iHealth Labs Inc., Beurer GmbH, Greater Goods, Koogeek Inc.

Customization & Pricing

Available on Request (10% Customization is Free)

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