A latest report from Absolute Markets Insights covers insights into the global Fitness App market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Fitness App market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Fitness App report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Fitness App report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Fitness App market include: Aaptiv Inc., Anytime Fitness LLC, Beachbody, LLC., Crush Fit, Daily Burn, Inc., Diverse Retails Private Limited (CureFit), FIIT, Fitocracy, Freeletics GmbH, Groupmove Ltd. (MoveGB), GymCube, HealthifyMe Wellness Private Limited, MINDBODY, Inc., Nike, Inc., Noom, Inc., Peloton Interactive, Inc., Project X Ltd, QUIKFITS WELLNESS & FITNESS LLC, Strava, TONE IT UP, Under Armour, Inc. (myfitnesspal) and WW International, Inc. amongst others.
In terms of revenue, global fitness app market was valued at US$ 2.24 Bn in 2022 and is anticipated to grow at a CAGR of 10.4% over the forecast period.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Fitness App Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Fitness App Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Fitness App Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Fitness App Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Fitness App Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Fitness App market?
The traditional fitness practices are transforming with growing adoption of digital technologies. A report released by International Telecommunication Union in 2019 stated that in 2019 more than 4 billion people have access to internet which counts to 53% of the global population. With increasing penetration of smartphone and internet connectivity, consumer requirements and expectations related to fitness are evolving with high focus on personalized and on-demand regimes. The access to internet connectivity has empowered high number of people with access to fitness apps. A fitness app is an application which helps in improving fitness level and aids in maintaining a healthy lifestyle through any mobile device which can be connected to internet. These fitness apps are revolutionizing conventional brick-and-mortar gyms with on-demand virtual assistance and fitness tracking which is contributing towards its high popularity. Such apps offer health benefits as they enable users to stay fit by maintaining their weight and guiding them through exercises as per their comfort and convenience. Thus, the rise in global population with access to internet is driving the growth of global fitness app market.
The sedentary lifestyle of growing urban population is a major concern leading to prevalence of chronic illnesses such as diabetes, chronic heart diseases, hypertension and others. For instance Centers for Disease Control and Prevention states that 647,000 people die from heart disease each year in U.S. This prevalence of chronic illnesses has created high awareness for healthy lifestyle and physical fitness. Fitness apps can assist people to track physical activities performed such as sleep pattern and calories burnt, along with the virtual fitness and dietary guidance for inhibiting growth of chronic illnesses. These features also assists users with chronic illnesses to maintain their prescribed physical activity regime. For instance, the Blood Pressure Check app from VIEWDY LLC is a fitness app which tracks blood pressure, body weight, physical exercise and other parameters of the users. The American Heart Association also recommends patients with blood pressure disorders to monitor their vitals using smart bracelet/fitness tracker. FITFORT fitness tracker, supported by VeryFitPro app, continuously monitors the blood pressure along with running or jogging metrics. Thus, with growing health-related awareness due to emergence of chronic illnesses is created high demand in the global fitness app market.
Athletes around the globe have to follow strict wellness regime for maintaining their fitness levels on par with the international competitors. Athletes, thus are increasingly adopting these apps with an aim to track and manage their physical activities and for effective fitness training. For instance, VOLT is a fitness app of VOLT ATHLETICS INC. which was adopted by the football team of the Harker School in September 2019, as their coach introduced this app to students for maintaining their health and fitness. The company also launched AI powered feature named Cortex in 2018 which creates personalized training plans to adapt as per user’s feedback. The growing number of sports competition across continents has further inflated the demand for fitness apps from athletes and various clubs with an aim to maintain their physical fitness, which in turn is surging the global fitness app market.
The recent outbreak of COVID-19 pandemic has affected countries across the globe and government bodies of these affected countries have imposed strict lockdowns to contain the spread of this infectious disease. This has hampered the fitness industry as fitness studios, gyms, grounds and other facilities are facing loss of revenue amidst the lockdown. However, fitness apps market is anticipated to witness positive impact from these events. The virtual assistance, training videos, and workout regimes has transformed the conventional centralized gyms to individual households. Industry players in fitness app market are also providing apps to gym owners to retain their customer during this coronavirus crisis. For instance, Virtuagym provides solutions for business affected by coronavirus outbreak to connect with their customers through virtual workouts and via video on demand engagement tools. Thus, the on-going coronavirus epidemic is anticipated to positively impact the global fitness app market over forecast years.
Global Fitness App Market Segmentation:
Global Fitness App Market By Application (Exercise And Workouts, Yoga Sessions, Nutrition And Diet, Activity Tracking, Others); By Pricing (On Demand, Subscription (Monthly, Yearly)); By Demography (Male, Female); By End-User (Individuals, Businesses); By Platform (IOS, Android, Others); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022–2030
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