Online/Virtual Fitness Market Growth To Thrive At Rate 49% With The Rising Penetration Of Smart Devices

Online/Virtual Fitness Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

Online/Virtual Fitness Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Business Research Company’s Online/Virtual Fitness Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

LONDON, GREATER LONDON , UK, May 2, 2022 /EINPresswire.com/ — The rising penetration of smart devices is expected to propel the online fitness market growth. Smart devices are devices that are connected to other devices or networks via different wireless protocols such as Bluetooth, Zigbee, NFC, Wi-Fi, LiFi, and 5G and help in keeping track of a person’s day-to-day activities. Smart devices enable users to access online fitness content. According to a survey conducted across Australia, Belgium, China, Greece, Ireland, Italy, KSA, Netherlands, Spain, Sweden, the U.K., and the U.S. by OMD Worldwide, a US-based media communications agency, it has been found that 61% of people own a smart device. Therefore, rising penetration of smart devices is driving the growth of the online-virtual fitness market.

Read more on the Global Online/Virtual Fitness Market Report
https://www.thebusinessresearchcompany.com/report/online-virtual-fitness-global-market-report

The global online/virtual fitness market size is expected to grow from $11.39 billion in 2021 to $16.15 billion in 2022 at a compound annual growth rate (CAGR) of 41.84%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The virtual fitness market share is expected to reach $79.87 billion in 2026 at a CAGR of 49.12%.

On-demand offerings is a key trend gaining popularity in the online-virtual fitness market. On-demand online fitness services enable consumers to access fitness sessions at their convenience with their choice of workout programs, exercise difficulty levels and trainers. For instance, in December 2019, a US-based manufacturer and distributor of fitness equipment, launched Life Fitness On Demand, which is a library of digital classes available on the touchscreens of Life Fitness premium cardio machines. On-demand classes are accessible on treadmills, ellipticals, climbers, cross-trainers, and exercise bikes through the digital library.

Major players covered in the global online/virtual fitness industry are ClassPass Inc., FITBIT, INC., Fitness On Demand, Les Mills International Ltd., Navigate Wellbeing Solutions, Reh-Fit Centre, Sworkit Company, Viva Leisure, Wellbeats Inc., Zwift, Peloton Interactive, Inc, Health Clubs & Gyms, Fast Lean Fitness centre and Gym, Charter Fitness Inc., and MoveGB.

TBRC’s global online fitness industry analysis report is segmented by device type into smart TV, smartphones, laptops, desktops, tablets, by end-user into professional gyms, sports institutes, defense institutes, educational institutions, corporate institutions, individuals, by revenue model into subscription, advertisement, hybrid.

Online/Virtual Fitness Global Market Report 2022 – By Device Type (Smart TV, Smartphones, Laptops, Desktops, and Tablets), By End User (Professional Gyms, Sports Institutes, Defense Institutes, Educational Institutions, Corporate Institutions, Individuals), By Revenue Model (Subscription, Advertisement, Hybrid) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a online/virtual fitness market overview, online/virtual fitness market forecast online/virtual fitness market size and online/virtual fitness market growth for the whole market, online/virtual fitness market segments, geographies, online/virtual fitness market trends, online/virtual fitness market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request for a Sample of the Global Online/Virtual Fitness Market Report
https://www.thebusinessresearchcompany.com/sample.aspx?id=5662&type=smp

Not what you were looking for? Here is a list of similar reports by The Business Research Company:

Wearable Medical Devices Global Market Report 2022 – By Device Type (Diagnostic Devices, Therapeutic Devices), By Product Type (Watch, Wristband, Clothing, Ear Wear, Other Devices), By Distribution Channel (Pharmacies, Online Channel, Hypermarkets), By Application (Sports And Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/wearable-medical-devices-global-market-report

Yoga Mat Global Market Report 2022 – By Material (Natural Rubber, Polyvinyl Chloride, Polyurethane, Thermoplastic Elastomer, Other Materials), By Distribution Channel (E- Commerce, Supermarket and Hypermarket, Specialty Store), By End User (Yoga & Fitness clubs, Household, Other End Users) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/yoga-mat-global-market-report

Home Fitness Equipment Global Market Report 2022 – By Product (Treadmills, Elliptical Machines, Rowing Machines, Strength Training Equipment, Other Products), By Applications (Home, Small Gyms, Offices, Other Applications), By Distribution Channel (Offline Retail Stores, Online Retail Stores, Direct Selling) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/home-fitness-equipment-global-market-report

About The Business Research Company

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Check out our:
LinkedIn: https://bit.ly/3b7850r
Twitter: https://bit.ly/3b1rmjS
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+ +44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
Twitter
LinkedIn

Market Research Products, Services, Solutions For Your Business – TBRC

Source link

Stay in Touch

To follow the best weight loss journeys, success stories and inspirational interviews with the industry's top coaches and specialists. Start changing your life today!

spot_img

Related Articles