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Online Fitness Market Analysis

  • Report ID: GMI4825
  • Published Date: Jun 2024
  • Report Format: PDF

Online Fitness Market Analysis

Based on streaming type, the market is divided into on-demand and live streaming. The on-demand segment is expected to generate revenue over USD 107 billion by 2032. On-demand streaming allows users to access fitness classes at any time and from any location. This flexibility is a significant driver, as it fits into busy schedules and accommodates various time zones and lifestyles. It also offers a wide range of workout types, which attracts a broad audience as they can customize their routines according to their different fitness goals and preferences.
 

The integration of on-demand fitness services with wearable devices allows users to track their performance, set goals, and receive real-time feedback, enhancing the overall fitness experience. Additionally, the COVID-19 pandemic also accelerated the adoption of on-demand fitness as people sought safe and convenient alternatives to in-person gym sessions.
 

Online Fitness Market  Share, By Technology, 2023

Based on technology, the online fitness market is categorized into mobile app, desktop/laptop, and smart TV. The mobile app segment held 63.5% of the market share in 2023. The widespread adoption of smartphones globally has made mobile fitness apps easily accessible to a large audience. With the growing number of smartphone users, fitness apps can reach a broader demographic, contributing to their popularity and usage. These apps provide busy and frequently travelling users with the convenience of accessing workouts, tracking progress, and managing their fitness routines anytime and anywhere.
 

Mobile apps also leverage data analytics and AI to offer personalized workout plans and recommendations based on user preferences, fitness levels, and goals. The ease of integration of fitness wearables, such as smart watches and fitness trackers with mobile fitness apps, allows users to monitor their health metrics, such as heart rate, calories burned, and activity levels, providing a comprehensive fitness experience.
 

North America Online Fitness Market Size, 2022 -2032, (USD Billion)

North America online fitness market size dominated around USD 6 billion in 2023. With a large population of smartphone users and the availability of robust internet connectivity, a favorable environment is created for the adoption of mobile fitness apps. There is an increasing awareness about health and fitness in North America, driven by a combination of lifestyle-related health issues and a cultural shift toward wellness. This growing health consciousness fuels the demand for fitness solutions that are convenient and effective, and mobile apps align with this trend.
 

Online fitness platforms are broadening their content to be more inclusive, offering a variety of workouts that cater to different fitness levels, ages, body types, and preferences. This inclusivity ensures that more people feel welcome and supported in their fitness journeys.
 

Europe online fitness market is expected to grow due to increasing health awareness, high internet penetration, and rising demand for convenient, home-based workout solutions. Additionally, technological advancements and growing investment in fitness apps and platforms drive market expansion.
 

Online fitness market in Asia Pacific is expected to grow due to rising health awareness, increasing smartphone and internet usage, and a growing middle-class population seeking convenient fitness solutions. Expanding digital infrastructure and local investment in fitness technology further drive growth.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of online fitness reached USD 15.3 billion in 2023 and is set to witness over 32% CAGR from 2024 to 2032, owing to the increasingly growing consciousness about personal health and fitness worldwide.

Online fitness industry from the on-demand segment reached over USD 107 billion in 2023, due to allowing users to access fitness classes at any time and from any location.

North America market recorded USD 6 billion in 2023, attributed to the presence of a large population of smartphone users and the availability of robust internet connectivity in the region.

Peloton, Strava, Beachbody On Demand, Nike Training Club, MyFitnessPal, Fitbit Premium, Fitness Blender, Daily Burn, Obé Fitness, Tone It Up, Freeletics, Centr, and Apple Fitness+, are some of the major online fitness companies worldwide.

Online Fitness Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 350
  • Countries covered: 25
  • Pages: 270
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