Online/Virtual Fitness Market Surges: Valued at $250.7 Billion in 2032, Riding the Wave of Digital Health Revolution

1 Like comments off
onlinevirtual-fitness-market

onlinevirtual-fitness-market-size1

Technological innovation, convenience, accessibility, and health consciousness propel the Online/Virtual Fitness Market.

WILMINGTON, DE, UNITED STATES , December 13, 2023 /EINPresswire.com/ — The global online/virtual fitness market was valued at $14.9 billion in 2022, and is projected to reach $250.7 billion by 2032, growing at a CAGR of 32.7% from 2023 to 2032.

Increase in trend toward having healthy lifestyle, lack of time among people to attend training sessions at fitness institutes, surge in demand for AR & VR based fitness regime, and shut down of gyms and studios due to ongoing COVID-19 situation drive the growth of the global virtual fitness market. On the other hand, interruptions in the flow of the sessions due to several tech glitches impede the growth to some extent. Nevertheless, growing popularity of online fitness programs among elderly population is expected to create lucrative opportunities in the industry.

☛ Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/3227

Covid-19 scenario-

► As, fitness clubs & gyms have been shut down and people are staying indoors, there has been a significant surge in the drift toward installing online fitness apps among people.

► This inclination is likely to continue even in the post pandemic scenario, as these apps tend to offer a lot of advantages in terms of helping individuals set particular fitness goals and achieve the same within a certain timeframe.

Based on session type, the group segment accounted for nearly two-thirds of the global online/virtual fitness market share in 2019 and is projected to lead the trail by the end of 2027. This is because majority of users tend to prefer virtual group fitness classes as it helps to build fitness and confidence levels during the live sessions. The solo segment, on the other hand, would manifest the fastest CAGR of 35.7% throughout the forecast period. The outbreak of coronavirus has led to increased expenditure on individual workout session due to the shutdown of gyms, studios etc. as focus on personal & mental health has escalated in this time.

☛ For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/3227

Based on revenue model, the subscription segment contributed to nearly half of the global online fitness market revenue in 2019 and is anticipated to rule the roost till 2027, due to its cost effectiveness as compared to signing up with a coach in-person. Simultaneously, the hybrid segment would portray the fastest CAGR of 35.9% during the study period, due to its ability to reach a range of customers including those willing to access features of the paid virtual fitness programs on a free trails basis as well as those willing to pay on a pay-per-view basis or to purchase a subscription plan for removing ads.

Based on geography, North America held the highest share in 2019, garnering nearly two-fifths of the global online/virtual fitness market. Rising focus on precision medicine and personalized care is increasing across the adult age group in North America which, in turn, is propelling the growth of the market. At the same time, Asia-Pacific would register the fastest CAGR of 36.8% from 2020 to 2027. This is because proliferation of mobile devices and pro-fitness government policies are giving way to rise of adoption of virtual/online fitness solutions among people in the province.

☛ Buy Now & Get Exclusive Discount On This Report: https://www.alliedmarketresearch.com/virtual-online-fitness-market/purchase-options

Key players in the industry-

► Fitbit Inc.

► Navigate Wellbeing Solutions

► FitnessOnDemand

► Les Mills International Ltd.

► Sworkit Peloton

► Zwift

► Viva Leisure Peerfit Inc.

► Reh-Fit Centre

► ClassPass Inc.

► Wellbeats Inc.

☛ Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/3227

Similar Report:

1. Container Monitoring Market

2. Data Lake Market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Rate this post

You might like

About the Author: EINPresswire