Global Virtual & Online Fitness Market by Type (Group, Solo), By Application (Adults, Children, The Elderly) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
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 group-based and solo-based fitness programs. The group-based segment is expected to account for a larger share of the market in 2018 owing to its social nature that encourages people to work out together. However, with increasing awareness about the benefits of solo workouts, especially among millennials, the solo-based segment is projected to grow at a higher CAGR during the forecast period. On the basis of application, adults are expected to account for a larger share ofthe global virtual and online fitness market in 2018 due their growing inclination towards healthy lifestyles coupled with rising disposable income levels across regions.



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Product Definition:

Virtual Fitness is a form of fitness that is conducted primarily or completely online. This includes activities like running, biking, and weightlifting, as well as other exercises that can be done without leaving home. Online Fitness includes any type of fitness routine that you might do on your own or with a group of people in an online forum or chat room.

Group:

Group fitness or group training is a type of fitness where several individuals exercise together, either in a Group Fitness Studio or at home. It includes various types of activities such as aerobics, strength training and yoga that help in improving overall health. The main aim of these groups is to increase the intensity of exercise and make it fun so that people are motivated to continue with their respective daily workout routine.

Solo:

Solo is a fitness equipment that helps in improving balance and coordination. It's an interactive gym device that uses sensors to track the user's movements and automatically adjust the exercise programs accordingly. The product was launched by Fitbit Inc., in 2014, as a single-piece smartwatch with limited functions, which has since been expanded to include various activities such as cycling, running, swimming, yoga and other exercises.

Application Insights:

The adults segment held the largest share of over 70.0% in 2017. The adult population is increasingly adopting fitness solutions, such as online personal training and group fitness classes, to maintain their health and wellness. Moreover, a rise in the number of gyms opening across the globe has resulted in increased penetration among adults to join these facilities. Furthermore, increasing consumer spending on gym memberships has also positively influenced market growth over the forecast period for this application segment.

The children¢â‚¬â„¢s application segment is expected to witness significant growth during the forecast period owing to rising awareness about proper nutrition among parents regarding their children's development at an early age plays a vital role in shaping future decisions related with food & beverages which includes physical activity will have a positive impact on industry growth during this study was conducted by Reportlinker found that more than 50% of parents made sure that their kids are getting enough exercise.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding a healthy lifestyle, high disposable income, and availability of advanced fitness solutions in countries, such as U.S., Canada, and Mexico. Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising health concerns among people coupled with growing disposable income levels in developing economies including China and India.

Latin America has also witnessed an increase in consumer spending on fitness products over the past few years which indicates positive growth for this regional market during the same period of time span mentioned above (2018-2030).

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 better health and fitness regimes.
Growing popularity of technology-enabled workout programs that are making it easier for people to stay fit from the comfort of their homes or offices.
Proliferation of affordable devices and sensors that are helping people track their physical activity levels more accurately than ever before.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual & Online Fitness Market Research Report
By Type
Group, Solo
By Application
Adults, Children, The Elderly
By Companies
Keep, Fittime, Fitness On Demand, Reh-Fit Centre, GoodLife Fitness, Wexer, LES MILLS INTERNATIONAL LTD, WELLBEATS, Fit n Fast Health Clubs and Gyms, Conofitness, Charter Fitness, Fitness First
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.

Global Virtual & Online Fitness Market Report Segments:
The global Virtual & Online Fitness market is segmented on the basis of:
Types
Group, Solo
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:
Keep
Fittime
Fitness On Demand
Reh-Fit Centre
GoodLife Fitness
Wexer
LES MILLS INTERNATIONAL LTD
WELLBEATS
Fit n Fast Health Clubs and Gyms
Conofitness
Charter Fitness
Fitness First



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Highlights of The Virtual & 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:
Group
Solo
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 & 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
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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