Market Share of GCC Fitness Ring Industry
The GCC fitness ring market is currently fragmented due to the wide range of brands, diverse product offerings, regional preferences, and the growth of e-commerce. While there is potential for consolidation in the future, the current landscape is characterized by various options for consumers, fostering competition and innovation within the market.
- August 2024: Huawei unveiled its TruSense System. Huawei TruSense aimed to make health quantifiable and help users live better lives. It represented a significant leap forward in the company’s ongoing mission to bring accurate, data-driven health technology into everyday life to help users improve their well-being. Huawei TruSense was a major breakthrough for Huawei in health and fitness sensor technology and kept Huawei at the forefront of technological development in this space.
- July 2024: Samsung unveiled its inaugural smart ring, the Galaxy Ring, boasting AI-driven health and fitness functionalities. Priced at USD 399, the Galaxy Ring was up for pre-order in select markets from July 10, transitioning to general availability on July 24. The product is available in three colors (Titanium Black, Titanium Silver, and Titanium Gold) with nine available sizes.
GCC Fitness Ring Market Leaders
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Oura Health Ltd.
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Motiv Inc.
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Circular Ring
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McLEAR Ltd.
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Fitbit(Google LLC)
*Disclaimer: Major Players sorted in no particular order
