Digital Fitness Market - Analysis and Forecast (2021-20287) Classpass inc., Tonal, Gympass US, FitnessOnDemand
Digital Fitness Market - Analysis and Forecast (2021-20287) Classpass inc., Tonal, Gympass US, FitnessOnDemand
Blog Article
Kings Research has published a detailed analysis of the “Digital Fitness Market”. KR's in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Digital Fitness Market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.
Digital Fitness Market was valued at USD 6,046 Million in 2021. The market is projected to grow USD 59,231 million in 2028, at a CAGR of 33.1% driven by rising digitalization among IoT devices. Digital fitness refers to the area of modern fitness and health trends that includes different kinds of digital devices and applications.
Global Key Players:
Classpass inc., Tonal, Gympass US, FitnessOnDemand, LES MILLS INTERNATIONAL LTD, Peerfit, inc., REH-FIT, Apple Inc., Sworkit, Viva Leisure, Wellbeats, Goodlife Fitness, Wexer, MoveGB
Get Full Report Details @ https://www.extrapolate.com/information-technology-communication-iot/digital-fitness-market/21589
KEY INDUSTRY DEVELOPMENTS:
December 2021- Viva Leisure has expanded their demographics reach with the acquisition of eight Pilates and Yoga studios in Queensland.
January 2021- CureFit has acquired Onyx, a California-based startup that specializes in body monitoring technology and personalized training feedback.
December 2019- Life Fitness offered on-demand training sessions along with the growing collection of digital training available solely on the touchscreens of its premium cardio equipment.
Market Overview
The digital fitness market, encompassing fitness apps, wearable devices, online training platforms, and virtual workout classes, has witnessed exponential growth. The increasing adoption of smartphones and the penetration of high-speed internet services globally have played a pivotal role in expanding access to digital fitness solutions.
Market Segmentation
By Product Types:
Wearable Devices: Smartwatches, fitness bands, heart rate monitors.
Fitness Apps: Workout planners, nutrition trackers, virtual trainers.
Online Platforms: Streaming fitness classes, virtual gyms, wellness coaching.
Connected Equipment: Smart treadmills, stationary bikes, rowers.
By End-User:
Individuals: Fitness enthusiasts, beginners.
Corporate Wellness Programs: Companies incorporating digital fitness to promote employee health.
Gyms and Fitness Studios: Hybrid models integrating digital and in-person training.
Opportunities in the Digital Fitness Market
Expansion into Emerging Markets:
Emerging economies in Asia, Africa, and South America present lucrative opportunities for market players. Increasing smartphone penetration and rising health awareness are creating a conducive environment for the adoption of digital fitness solutions.
Collaboration with Healthcare Providers:
Integrating digital fitness solutions with healthcare services offers immense potential. Fitness data from wearable devices can aid in preventive healthcare and chronic disease management, bridging the gap between fitness and medical care.
Development of Specialized Solutions:
There is a growing demand for fitness solutions catering to specific demographics, such as senior citizens, children, and individuals with disabilities. Customized offerings can tap into these niche markets effectively.
Integration with Smart Home Ecosystems:
The advent of smart homes presents opportunities for seamless integration of fitness devices and platforms. Voice-activated workouts, AI-driven insights, and interconnected fitness ecosystems are areas of potential growth.
Contact us:
Kings Research
Website: https://www.kingsresearch.com
E-mail: [email protected]
Phone: (+1) 888 328 2189