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Online Fitness Market Size

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

Online Fitness Market Size

Online Fitness Market size was valued at USD 15.3 billion in 2023 and is estimated to register a CAGR of over 32% between 2024 and 2032. As people are increasingly growing conscious about personal health and fitness, they are looking for convenience in their fitness routines. Online fitness platforms offer flexibility in terms of time and location, allowing users to work out at their convenience without the constraints of a physical gym.

 

Online fitness also makes exercise accessible to a wider audience, including those who may not have easy access to traditional gym facilities due to location, time constraints, or other barriers. Through these platforms, people are able to access a wide range of workout options and customize their routines according to their fitness goals.
 

Advancements in technology, such as wearable fitness trackers and interactive workout apps, enhance the online fitness experience by providing real-time feedback, progress tracking, and motivation.
 

Online fitness platforms encounter technical glitches, such as server downtime, connectivity issues, or software bugs, which can disrupt user experience and lead to frustration. Online fitness relies heavily on stable internet connectivity. Users in areas with poor internet infrastructure may face challenges accessing or streaming workout content seamlessly. In addition, retaining users and keeping them consistently engaged with the platform can be difficult. Many users may start with enthusiasm but gradually lose motivation over time, leading to churn.
 

Additionally, poorly designed or ineffective workouts may result in user dissatisfaction and reduced engagement. Addressing these pitfalls requires a strategic approach, including investing in technology infrastructure, curating high-quality content, focusing on user retention strategies, and addressing privacy and security concerns transparently.
 

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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