Online/Virtual Fitness Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
Global Online Fitness Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, Greater London, UK, May 2, 2022 / EINPresswire.com/ – The growing prevalence of smart devices is expected to drive the growth of the online fitness market. Smart devices are devices that are connected to other devices or networks via various wireless protocols such as Bluetooth, Zigbee, NFC, Wi-Fi, LiFi, and 5G and help in tracking a person’s daily activities. Smart devices enable users to access online fitness content. According to a survey conducted in Australia, Belgium, China, Greece, Ireland, Italy, Saudi Arabia, the Netherlands, Spain, Sweden, the United Kingdom and the United States by OMD Worldwide, a US-based media communications agency, it was found that 61% of people own a smart device. Therefore, the increasing penetration of smart devices is driving the growth of the online virtual fitness market.
Read more in the Global Online Report / 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 companies resuming their operations and adapting to the new normal while recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and business closures which led to operational challenges. The virtual fitness market share is expected to reach $79.87 billion in 2026 with a compound annual growth rate of 49.12%.
On-demand shows are a major trend gaining popularity in the online virtual fitness market. Online on-demand fitness services allow consumers to access fitness sessions at their convenience through their choice of exercise programs, exercise difficulty levels, and trainers. For example, in December 2019, a US-based fitness equipment manufacturer and distributor launched Life Fitness On Demand, a library of digital classes available on the touchscreens of Life Fitness cardio machines. On-demand classes on treadmills, ellipticals, climbers, cross trainers, and exercise bikes can be accessed through the digital library.
The major players being taken up in the global online/virtual fitness industry are ClassPass Inc. and FITBIT and INC. and Fitness On Demand and Les Mills International Ltd. and Navigate Wellbeing Solutions, Reh-Fit Center, Sworkit Company, Viva Leisure, Wellbeats Inc. Zwift, Peloton Interactive, Inc., Health Clubs and Gyms, Fast Lean Fitness Center 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, and by end user into Professional Gyms, Sports Institutes, Defense Institutes and Enterprises Educational, corporate, and individuals, by revenue model into subscription, advertising, hybrid.
Global Online/Virtual Fitness Market Report 2022 – By Device Type (Smart TV, Smartphones, Laptops, Desktops, Tablets), By End User (Professional Gyms, Sports Institutes, Defense Institutes, Enterprises (educational, corporate organizations, individuals), by Revenue Model (Subscription, Advertising, Hybrid) – Market Size, Trends and Global Forecast 2022-2026 is one of a series of new reports from Business Research firm providing an overview of the online/virtual fitness market , Online/Virtual Fitness Market Forecast, Online/Virtual Fitness Market Size and Growth of the Online/Virtual Fitness Market for the entire market, Online/Virtual Fitness market segments, geographies, Online/Virtual Fitness market trends, Market drivers Online/virtual fitness, restrictions, major competitors’ revenue, profiles, and market share.
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