Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the virtual fitness market provides in-depth analysis
of segments and sub-segments in the global as well as regional virtual fitness
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional virtual fitness market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global virtual fitness market. According
to the report, the global virtual fitness market is projected to grow at a CAGR
of 45% over the forecast period of 2021-2027. The global virtual fitness market
was valued at around USD 6.4 billion in 2021 and is expected to reach over USD 59 billion
in 2027.
Virtual fitness is a growing trend
wherein physical training sessions are been delivered in groups or solo
remotely via the Internet facilities. Virtual fitness is the fusion of exercise
with technology. Virtual workouts are designed for ease and convenience to suit your own schedule and needs. Virtual workouts are played in gyms on the big screen
and in some clubs/gyms they are prescheduled and some facilities enable you to
play the workout whenever you fancy. Virtual classes are often a gateway to
live group fitness classes. Virtual workouts typically attract smaller numbers
of the crowd and one can go at his own pace, which makes it ideal if you’re a
novice looking to learn the moves. Few sessions are been conducted as per the
pre-decided schedule or time slot. The COVID-19 outbreak had positively
impacted the virtual fitness market growth across the world. During the
COVID-19 pandemic, the fitness-freaks and health-conscious people majorly
shifted towards innovative video exercise platforms as the lockdowns were being
imposed by the governments in which people were restricted from moving out of
their houses. Moreover, gyms and fitness clubs had been shut down in order to
spread this virus encouraging businesses to offer live-streaming workout
classes. Many startups such as Fitter and HealthifyMe announced that they gained
a large customer base, in services related to mental health like
corporate wellness programs and other programs that were being conducted during
this period of time. Virtual fitness emerged as an alternative for regular
exercising while maintaining social distancing protocols
A large number of people across
the globe are improving their lifestyles with workouts, healthy diet regimes,
and better healthcare. Virtual fitness programs aim the fulfillment of this
objective with online progressive fitness programs. The usage of virtual or
online fitness has encouraged regular exercise among people of all ages,
including the elderly, to stay fit and prevent them from various health issues.
The need for advanced fitness sessions, inclination towards physical fitness,
increased stress environment, unavailability of time to attend sessions at
institutes, sedentary lifestyle, and others are driven in the global virtual
fitness market. Furthermore, less awareness about the services and courses
offered by the market players in the industry hamper the market growth. The
growing popularity of the concept of virtual fitness amongst the population in
developing economies presents lucrative opportunities to market players in the
near future
Among the regions, North America
accounted for the largest share of the global Virtual Fitness Market. Due to
the growing number of health and wellness organizations and the growing usage
of virtual and augmented reality (AR & VR) technology for workouts
purposes. Moreover, the need for precise medication and personalized care is
also growing among the youth population in North America will also drive the
market growth in the upcoming years. However, the Asia Pacific region is
anticipated to grow at the highest rate in the global Virtual Fitness Market
over the forecast period. Due to widespread smartphone usage and increasing
adoption of online sessions amongst the population in this region. Moreover,
pro-fitness government policies are giving way to the rise of the adoption of
virtual/online fitness solutions among people in the province.
The report on the global virtual
fitness market covers segments such as streaming type, device type, session
type, revenue model, and end user. On the basis of streaming type, the
sub-markets include live, and on-demand. On the basis of device type, the
sub-markets include smart tv, smartphones, laptops desktops & tablets, and
others. On the basis of session type, the sub-markets include group, and solo.
On the basis of revenue model, the sub-markets include subscription,
advertisement, and hybrid. On the basis of end user, the sub-markets include
professional gyms, sports institutes, defense institutes, educational
institutions, corporate institutions, individuals, and others.
The report provides profiles of
the companies in the market such as Fitbit, Inc, ClassPass Inc,
FitnessOnDemand, Peloton, Wellbeats, Inc., Zwift Inc, REH-FIT, Les Mills
International Ltd, Sworkit, and Navigate Wellbeing Solutions.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the virtual fitness market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.