Dublin – (BUSINESS WIRE) – April 29, 2022 –
“Fitness App Market Size Analysis Report, Share and Trends by Type (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking), by Platform (Android, iOS), by Device, by Region, and Segments Forecast, 2022-2030” Added Report to ResearchAndMarkets.com offers.
The global fitness app market size is expected to reach US$4.8 billion by 2030 and is expected to expand at a compound annual growth rate of 17.6% from 2022 to 2030.
Fitness is a major segment of the IT industry, which has been experiencing explosive growth over the past 10 years in the US, and this can be attributed to a combination of factors, including people spending more time online, and increased awareness regarding the benefits of devices Wearables, the increasing purchasing power of middle-income families.
The increase in the use of smartphones by people of all income groups is also contributing to the increase in the adoption of fitness apps. This was indicated by a change in market share trend since 2013, with the Asian market overtaking the North American fitness app market. This is largely due to the difference in the target population, with higher adoption being reported in countries, such as China and India.
The COVID-19 pandemic has led consumers to move from traditional gyms and fitness studios to virtual roads. Moreover, the growing trend of online training and home exercises among various target groups has resulted in increased usage of fitness apps, which further contributes to the growth of the market.
According to an article published in the World Economic Forum in September 2020, downloads of fitness apps globally have increased by 46%, and the market is expected to grow even more due to the increasing dependence on wearables, smart devices and smartphones. Moreover, there was a 48.0% increase in revenue generated by fitness apps in 2020 compared to 2019 due to the increased adoption of these apps during the pandemic.
Moreover, along with the rapid increase in downloads, fitness apps have registered an increase in the number of Daily Active Users (DAUs). India recorded the largest increase in its DAUs with an increase of 84.0%, which represents nearly twelve million new users of the fitness app. The Middle East and North Africa region recorded the second highest growth in terms of downloads, estimated at 28%.
However, America recorded the lowest increase with a growth rate of about 8.0% during the pandemic. Additionally, although many free or cost-effective fitness apps are available in stores, the demand for these apps is expected to decline over time as other app vendors are now shifting their focus toward areas such as women’s health and diet/nutrition. Medication information and reminders.
Highlights of the Fitness App Market Report
- The aerobic exercise and weight loss segment emerged as the leading segment in 2021 with a revenue share of over 50.0%, due to an increase in obesity cases.
- By platform, the iOS segment captured the largest share of revenue in 2021, due to increased adoption of this platform, particularly in countries like Egypt, India, Brazil, Ireland, Portugal, Turkey and South Africa.
- Based on devices, smartphones accounted for the largest share of revenue in 2021. Wearable devices are expected to expand at the fastest compound annual growth rate during the forecast period
- North America accounted for the largest share of revenue in 2021 due to the high prevalence of smartphones, increased awareness regarding health and wellness, and the availability of many fitness apps
Main topics covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Global Fitness Equipment Market Variables, Trends, and Scope
Chapter 4. Global Fitness App Market: Competitive Analysis
Chapter 5. Global Fitness App Market: Type Estimates and Trend Analysis
Chapter 6. Global Fitness App Market: Platform Estimates and Trend Analysis
Chapter 7. Global Fitness App Market: Device Estimates and Trend Analysis
Chapter 8. Global Fitness App Market: Regional Estimates and Trend Analysis by Type, Platform, and Device
Chapter 9. The Competitive Scene
- Adidas
- pasteurize
- Asics America company
- Azumio, Inc.
- Fitbit Company
- FitnessSkipper
- vodukite
- The Google
- Kayla Itsense
- MyFitnessPal, Inc.
- sleep
- electric polarity
- Under Armor, Inc.
- nike
- Willow Tree, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/ddrjwk
View source copy on businesswire.com: https://www.businesswire.com/news/home/20220429005596/en/
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Source: Research and Markets
Copyright Business Wire 2022.
Published: 04/09/2022 01:12 PM / Disc: 04/29/2022 01:12 PM
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