Market Overview:
The global virtual and online fitness market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of virtual and online fitness, rising disposable income, growing demand for convenience, and technological advancements. The global virtual and online fitness market can be segmented on the basis of type into equipment and services. The equipment segment is further sub-segmented into treadmills, stationary bikes, elliptical machines, rowing machines, weightlifting equipment, home gyms & multi-gyms; while services are sub-segmented into personal training sessions/courses/programs delivered through live video chat or prerecorded videos; nutrition counseling & meal planning; health tracking & analysis; community forums/support groups; and other services (such as yoga classes). On the basis of application, adults accounted for majority share in 2017 owing to their increased inclination towards staying fit by using technologically advanced methods such as virtual reality (VR) workouts. However, children’s application is expected to grow at a higher CAGR during the forecast period due to increasing awareness about health benefits among youngsters coupled with growing penetration of VR technology in this age group.
Product Definition:
Virtual fitness is a type of online fitness that allows people to engage in physical activity without leaving their home. This type of fitness usually includes instructor-led workouts that can be streamed live or accessed later. Online fitness is any type of physical activity that can be done remotely, such as through a video chat service or app. The importance of virtual and online fitness lies in its ability to make exercise more accessible to people who may not have access to traditional gym facilities or who live in areas where there are no gyms available. Additionally, virtual and online workouts can be tailored to fit any schedule, making it easy for people to fit exercise into their day-to-day lives.
Equipment:
Equipment is any item or component used in physical exercise or sports. It can be movable or immovable and can be owned by an individual, a business, a government department etc. The equipment market includes products such as fitness devices & apparel; gym equipment; running shoes & apparel; sports medicine & rehabilitation products and other miscellaneous items such as yoga mats, hand weights etc.
Services:
The fitness industry is constantly evolving and attracting new consumers. With the advent of technology, there has been a shift from traditional studios to online/ virtual fitness. Services & it's usage in Virtual and Online Fitness market refers to the revenue generated by providing services related to personal training, nutrition consulting, equipment rental or purchase as well as software subscription for health &fitness tracking purposes.
Application Insights:
The adults segment held the largest share of over 70.0% in 2017. The adult application segment includes both male and female adults who have attained the age of 18 years. This group is expected to expand at a significant CAGR owing to rising disposable income, which will result in increased spending on fitness equipment and gym subscriptions, thereby driving growth over the forecast period.
The children application segment is expected to witness substantial growth during the forecast period due to increasing penetration of online gaming and social media sites which has resulted in an increase in awareness about health & fitness among children below six years of age as well as their parents or guardians. Moreover, this group is also more prone towards experimentation with new technologies such as tablets and smartphones resulting e-sports players gaining popularity among kids thus driving demand for virtual reality gyms globally where kids can safely play without being physically present there [6].
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing awareness about fitness and health, presence of a large number of gyms, and availability of high-quality equipment. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to growing population, rising disposable income levels, improving internet connectivity and increased adoption of smartphones. Moreover, government initiatives promoting health & wellness are anticipated to drive demand for virtual or online fitness services in this region over the forecast period.
Growth Factors:
- Increasing awareness about the benefits of virtual and online fitness among people.
- Rising disposable income of people, which is helping them to invest in health and fitness activities.
- Growing popularity of technology-enabled health and fitness services among consumers.
- Proliferation of affordable internet access across the globe, which is aiding in the growth of virtual and online fitness marketplaces.
Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual and Online Fitness Market Research Report
By Type
Equipment, Services
By Application
Adults, Children, The Elderly
By Companies
Peloton, Life fitness, Johnson Health Tech, Nautilus Inc, Technogym, Precor, Core Health & Fitness, Fitness First, Charter Fitness, Zwift, ClassPass Inc., eGym GmbH, Tonal, FNF, Wellbeats, Mirror, Econofitness, Tempo, Les Mills International Ltd., Fitness On Demand
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Virtual and Online Fitness Market Report Segments:
The global Virtual and Online Fitness market is segmented on the basis of:
Types
Equipment, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adults, Children, The Elderly
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Peloton
- Life fitness
- Johnson Health Tech
- Nautilus Inc
- Technogym
- Precor
- Core Health & Fitness
- Fitness First
- Charter Fitness
- Zwift
- ClassPass Inc.
- eGym GmbH
- Tonal
- FNF
- Wellbeats
- Mirror
- Econofitness
- Tempo
- Les Mills International Ltd.
- Fitness On Demand
Highlights of The Virtual and Online Fitness Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Equipment
- Services
- By Application:
- Adults
- Children
- The Elderly
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Virtual and Online Fitness Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Virtual and online fitness is a type of fitness that uses technology to provide an environment for people to exercise. This can include using video games, websites, or apps to help people stay active and motivated.
Some of the key players operating in the virtual and online fitness market are Peloton, Life fitness, Johnson Health Tech, Nautilus Inc, Technogym, Precor, Core Health & Fitness, Fitness First, Charter Fitness, Zwift, ClassPass Inc., eGym GmbH, Tonal, FNF, Wellbeats, Mirror, Econofitness, Tempo, Les Mills International Ltd., Fitness On Demand.
The virtual and online fitness market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Virtual and Online Fitness Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Virtual and Online Fitness Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Virtual and Online Fitness Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Virtual and Online Fitness Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Virtual and Online Fitness Market Size & Forecast, 2020-2028
4.5.1 Virtual and Online Fitness Market Size and Y-o-Y Growth
4.5.2 Virtual and Online Fitness Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Equipment
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Adults
6.2.2 Children
6.2.3 The Elderly
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Virtual and Online Fitness Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Virtual and Online Fitness Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Equipment
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Adults
9.10.2 Children
9.10.3 The Elderly
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Equipment
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Adults
10.10.2 Children
10.10.3 The Elderly
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Equipment
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Adults
11.10.2 Children
11.10.3 The Elderly
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Equipment
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Adults
12.10.2 Children
12.10.3 The Elderly
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Equipment
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Adults
13.10.2 Children
13.10.3 The Elderly
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Virtual and Online Fitness Market: Competitive Dashboard
14.2 Global Virtual and Online Fitness Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Peloton
14.3.2 Life fitness
14.3.3 Johnson Health Tech
14.3.4 Nautilus Inc
14.3.5 Technogym
14.3.6 Precor
14.3.7 Core Health & Fitness
14.3.8 Fitness First
14.3.9 Charter Fitness
14.3.10 Zwift
14.3.11 ClassPass Inc.
14.3.12 eGym GmbH
14.3.13 Tonal
14.3.14 FNF
14.3.15 Wellbeats
14.3.16 Mirror
14.3.17 Econofitness
14.3.18 Tempo
14.3.19 Les Mills International Ltd.
14.3.20 Fitness On Demand
