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Online Fitness Market By Streaming Type, Session Type, Revenue Model, Device Type and Growth Forecast to 2030

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Online Fitness Market By Streaming Type, Session Type, Revenue Model, Device Type and Growth Forecast to 2030

November 11
01:08 2021
Online Fitness Market By Streaming Type, Session Type, Revenue Model, Device Type and Growth Forecast to 2030
Asia-Pacific is expected to be the fastest-growing online fitness market during the forecast period. This will primarily be due to the large population, increasing smartphone usage, and rising internet penetration in developing countries, such as India and China.

Owing to the increasing use of smart devices, such as smartwatches, smart TVs, and smartphones, mushrooming penetration of the internet, and growing public awareness about personal fitness, the global online fitness market is expanding rapidly. According to the estimates of the market research company, P&S Intelligence, the market will exhibit rapid expansion from 2021 to 2030 (forecast period). In recent years, the internet has become affordable for the masses, primarily due to rapid technological advancements.

As per Our World in Data, the total number of internet users in India, the U.S., and China is 391 million, 245 million, and 765 million, respectively. Furthermore, according to the World Bank, around 57.0% of the global population had access to the internet in 2019. With the help of the internet, people can easily use connected fitness devices for measuring various health parameters, such as calories burnt and heart rate, and achieve their fitness goals.

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Further, as the internet has provided a highly favorable platform for streaming and watching recorded and live videos, its growing penetration is assisting the players operating in the online fitness market in reaching out to more customers. Besides, the ballooning popularity of outdoor fitness activities is also propelling the market to new heights. Nowadays, people are venturing into various outdoor activities for staying fit. Activities like body weight training, strength training, yoga, pilates, trail running, cycling, and high-intensity interval training (HIIT) can be easily performed with minimal or no equipment in parks and homes.

Globally, North America contributed the highest revenue to the online fitness market in 2020. This was because of the high public awareness about health and fitness, high disposable income of people, which enabled them to pay for online fitness classes, and surging internet penetration in the region. In the forthcoming years, the market will register the fastest growth in the Asia-Pacific (APAC) region. This will be because of the soaring population, rising use of smartphones, and increasing penetration of the internet in emerging economies, such as China and India.

Browse report with detailed COVID-19 impact analysis on Online Fitness Market Latest Trends and Business Scenario 2030

The market is currently fragmented in nature, and the players operating in the industry are focusing on acquisitions and mergers for gaining an edge over their rivals. For instance, HealthAssure, which is a primary healthcare aggregator, completed the acquisition of FitMein, which is an on-demand fitness subscription service with over 2,500 fitness coaches and centers all over the world, in May 2020. Fit n Fast, Charter Fitness Inc., MoveGB, FitnessOnDemand, Sworkit, GoodLife, Fitness First, Wellbeats Inc., Navigate Wellbeing Solutions, Viva Leisure, Les Mills International Ltd., and Peerfit Inc. are some of the major market players around the world.

Hence, the demand for online fitness will rise enormously in the upcoming years, mainly because of the growing internet penetration and rising use of smart devices.

Market Size Breakdown by Segments

Based on Streaming Type

  • Live
  • On-Demand

Based on Session Type

  • Group
  • Solo

Based on Revenue Model

  • Subscription
  • Advertisement
  • Hybrid

Based on Device Type

  • Smart TVs
  • Smartphones
  • Laptops, Desktops, & Tablets

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Browse Other Related Reports

Corporate Wellness Market – Geographically, North America led the corporate wellness market in the preceding years, due to the surging incidence of CVDs, owing to poor nutrition and sedentary lifestyle, in the region.

Wearable Fitness Trackers Market – Geographically, North America recorded the highest sales of wearable fitness trackers during the last few years. This was because of the existence of several industry players such as Fitbit Inc., Apple Inc. and Fossil Group Inc., huge incidence of chronic diseases, and the large-scale adoption of fitness trackers for monitoring health and fitness by the people residing in the region.

Media Contact
Company Name: P&S Intelligence
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Website: https://www.psmarketresearch.com/market-analysis/online-fitness-market