Global Smart Scales Market size  (2023 - 2030)

The global Smart Scales Market size is estimated to grow from USD 3.2 Billion in 2022 to USD 4.9 Billion by 2030. The market is witnessing a healthy CAGR of 5.7% from 2023 to 2030. The emergence of new technologies and increasing dependency on technology is the major factor driving the industry's growth.

Industry Overview:

A smart scale tracks modifications in the body and shows the statistics in an App that is linked to the user’s device. Smart scales provide a range of greater features to assist customers in attaining their health and well-being desires easily. Smart scales have aspects of monitoring data, storing data, and speaking with different smart gadgets such as smartphones, smartwatches, and health trackers. These points enable customers in placing goals, chart progress, and share statistics. Increasing consumer focus and issues about weight problems and their related health dangers is a foremost issue motivating the boom of the international smart scale market. Having extra body weight positions a person at excessive hazard for conditions such as coronary heart disease, cancer, and diabetes.

According to CDC, in 2017 – 2018, the US weight problems occurrence was once 42.4%. The weight problems occurrence was once 40.0% amongst adults aged 20 to 39 years, 44.8% amongst adults aged forty to fifty-nine years, and 42.8% amongst adults aged 60 and older. However, routine monitoring of weight can be very fantastic to decrease the probability of these serious outcomes. The growing fitness worries are motivating customers to switch toward healthy habits of monitoring their physique composition metrics which has in turn multiplied the adoption of smart scales. Smart scales are tended to very beneficial and correct for weight management and limit physique fats as body fats share are a higher predictor of the potential fitness risks. These factors are estimated to drive the market's growth during the forecast period 2023-2028.

COVID-19 impact on the Smart Scales Market 

COVID-19 is an infectious ailment caused by the novel coronavirus. Largely unknown before the outbreak started out in Wuhan (China) in December 2019, COVID-19 modified into an international pandemic in no time. The COVID-19 pandemic has expanded the burden on healthcare structures throughout the globe. Companies scaled up R&D efforts to advance vaccines and drugs in opposition to the virus. Vaccine-related research things to do in pharmaceutical and biotechnology companies, research centers, and tutorial lookup institutes are viewed as essential and generally unaffected operations and output. However, niche markets had been sidelined due to the center of attention on COVID treatment-related research.

The pandemic has positively impacted the smart scales market as health-related products have been the most sold products globally. This accelerated demand for the health-related product was once due to the developing interest in fitness among people. As the giant populace commenced taking care of their health, units such as smart scales presented them with effectiveness in weight and multiple metrics of body composition. One smart scale can be used by using a couple of people, due to which the demand for smart scales was once pushed considerably in the residential sector.

MARKET DRIVERS:

The emergence of new technologies is driving the growth of the market

Growing penetration of superior technologies such as Artificial Intelligence (AI) in smart scales is developing opportunities in the market. DynoSense Corp, a scientific enterprise primarily based in California, created Adore, an AI-powered smart scale. Adore presents an entire picture of fitness and customized suggestions for enhancing the well-being of users. Additionally, Adore scans the complete physique inclusive of physique water, fats content, BMI, muscle mass, and bone density. The ordinary facts are displayed in the Adore app, which lets customers set particular dreams and analyze their non-public information via AI algorithms.

The increasing dependency on technology is driving the growth of the market

The growing adoption of smart products and options will increase the consumer’s dependency on smart technologies. Smart scales furnish correct and dependable consequences in contrast to analog scales. Increasing demand for smart scales amongst buyers is attributed to the superior functionality presented by using smart scales such as BMI, coronary heart price monitoring, water resistance, corrosion resistance, and multisport tracking. The rising trend of the use of smart applied sciences to represent fame symbols and transferring desire from analog scales to smart scales by using young customers are boosting the market.

MARKET RESTRAINTS:

The connectivity-related issues are restraining the growth of the market

Smart scale customers face difficulties whilst syncing to different health devices. Various mistakes show up whilst connecting the system with smart scales. These blunders include low mobile coverage, low battery, and time out. Smart scales show information & statistics on a specific app that is downloaded on smartphones, smartwatches, and laptops. These gadgets work via the internet, which will increase concerns related to records' privacy & safety amongst consumers. This is estimated to restrain the growth of the market during the forecast period.

SMART SCALES  MARKET REPORT COVERAGE:

This research report on the global Smart Scales Market has been segmented and sub-segmented based on By Type, By Application, and region.

Global Smart Scales Market   - By Type:

• Glass platform
• Stainless steel platform

Based on the Type, the glass section is estimated to expand at a full-size CAGR for the duration of the forecast period. Glass-based smart scale gives the most weight-bearing capacity, which is riding the market. Another segment is also estimated to show a significant demand in the market due to factors such as increased demand and increased awareness among youth.

Global Smart Scales Market   - By Application:

• Residential
• Gym
• Health Facilities
• Others

Based on Application, the gym phase is anticipated to keep a great share in the market owing to growing fitness awareness and health enthusiasts’ populace around the globe. Increasing fitness consciousness amongst the populace is driving consumers in the direction of adopting healthy consuming habits as well as the advantages of each day exercising. The use of smart scales is gradually penetrating the fitness center enterprise as many gyms are including digital technologies to permit users to track their progress. Along with monitoring of weight and metrics of physique composition, these scales additionally measure the body’s water degrees which tends to be beneficial to measure the quantity of hydration required after a workout. Hence, key market producers are inclined toward creating products with an exceptional challenge for health-mindful men or women and health enthusiasts.

Global  Smart Scales Market  - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, the market in North America is anticipated to keep a widespread share of the market all through the forecast period, due to the excessive spending rate in the area and the massive quantity of human beings who go to gyms in the region. The rising style of joining multipurpose fitness and health golf equipment amongst humans of all ages, due to a vast range of offerings supplied by them such as a number of tools and custom-made programs, is riding the market in North America.

The market in North America is anticipated to keep a widespread share of the market all through the forecast period, due to the excessive spending rate in the area and the massive quantity of human beings who go to gyms in the region. The rising style of joining multipurpose fitness and health golf equipment amongst humans of all ages, due to a vast range of offerings supplied by them such as a number of tools and custom-made programs, is riding the market in North America.

Global Smart Scales Market Share by Company

1. Anker Group
2. Arboleaf Corp.
3. Fitbit LLC, GOQii
4. Realme Chongqing Mobile Telecommunications Corp., Ltd.

and others, are playing an important role in the market. Mergers and acquisitions in the enterprise have enabled players to diversify and decorate their carrier services.

Recently, Sportneer launched the Sportneer Smart Scale equipped with sensor technology to measure more than just numeric weight and capture body composition data for a detailed health report.

The key individuals in the market are devising various strategic initiatives to expand their commercial enterprise footprint and attain an aggressive facet in the market. Key players are focusing on strategic initiatives such as mergers & acquisitions, collaborations, partnerships, funding and investments, and modern product trends and launches to make bigger their know-how and product portfolio. Increasing R&D funding by distinguished manufacturers to advance superior technology products is rising as a success thing to maintain in the competition. The market is filled with a number of players that are making efforts to increase the demand for their products in the market and therefore there are many product launches in the market.

NOTABLE HAPPENINGS IN THE GLOBAL SMART SCALES MARKET IN THE RECENT PAST:

• Product Launch- Realme Introduced Realme smartphones, Realme Smart Scale, and Realme Smart LED Bulb in a launch event. The smart scale is equipped with a 6mm tempered glass cover on top which is capable of withstanding stress from weights of up to 350kg.