Virtual Fitness Market Size to Surge USD 151.35 Billion by 2032 Owing to Increasing Adoption of AI-Powered Trainers and Immersive Workout Experiences | Research by SNS Insider

The rise of smart devices and wearable technology has completely changed how people approach fitness. These innovations offer personalized, real-time feedback, making workouts more efficient and tailored to individual needs.

1401 Lavaca ST 800, Austin Tx 78701


Pune, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Virtual Fitness Market Size & Growth Analysis:

“According to SNS Insider Research, The Virtual Fitness Market size was estimated at USD 16.03 billion in 2023 and is expected to reach USD 151.35 billion by 2032 at a CAGR of 28.35% during the forecast period of 2024-2032.”

Virtual Fitness Market Booms with Demand for Personalized Workouts and Immersive Technologies

People have become more and more inclined to a sedentary lifestyle, while chronic diseases like cancer have emerged as a major problem; thus, exercising should be made easy. This has increased the need for the personalized workouts that are specific to one’s lifestyle as well as one that suit the daily hectic timetable. The trend of virtual fitness platforms simplifies these demands and also hold advantage such as, convenience, fun and proper training regime solutions which are quite preferred by millennials. Such innovations encompass elements like the reliance on unique training and tailored experiences, making people move out from the group training and gym access market. Although upsurge the demand for the virtual fitness market.

In a recent study, Yakir et al cited proving that the virtual mind-body fitness helps to decrease the rate of hospitalizations of cancer patients and stressed that it is crucial to have various kinds of exercises and mindfulness practices. This area is applying the concept of the metaverse in the sphere of fitness, developing and enhancing workouts and exercising through virtual and augmented reality. Large companies’ investments and affordable devices like Gear VR extended opportunities for new niches like fitness ones and content developers. Nevertheless, obstacles such as data protection and availability should be solved to enhance virtual fitness’s effectiveness. Thus, the prospects of Virtual Fitness, depending on the further development of technology as well as the interest of consumers is vast.

Get a Sample Report of Virtual Fitness Market@ https://www.snsinsider.com/sample-request/2713

Major Players Analysis Listed in this Report are:

  • Éconofitness
  • Les Mills International Ltd.
  • Viva Leisure
  • FitXR
  • ClassPass
  • Wexer
  • MINDBODY, Inc.
  • Fitness On Demand
  • Fitbit
  • Move Technologies Group Ltd
  • Sworkit (Nexercise, Inc.)
  • Unscreen
  • Wellbeats
  • Navigate Wellbeing Solutions
  • VIXY BV
  • Sworkit (Nexercise, Inc)
  • CFX
  • Reh-Fit Centre
  • GoodLife Fitness
  • Other Players

Virtual Fitness Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 16.03 Bn
Market Size by 2032  US$ 151.35 Bn
CAGR  CAGR of 28.35% From 2024 to 2032
Base Year  2023
Forecast Period  2024-2032
Historical Data  2020-2022
Key Growth Drivers • The rise of awareness all around the globe regarding fitness and the benefits associated with it.
• The Adaption of virtual fitness in the developed and in the emerging countries.

Do you have any specific queries or need any customization research on Virtual Fitness Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2713

AI-Powered Virtual Trainers Drive Personalized, Accessible, and Effective Workouts

Digital assistants that incorporate artificial intelligence are the newest developments in the fitness industry helping to design the requisite workout routines, give instant feedback, and prevent injuries; in other words, they are making fitness available and efficient. These digital coaches for example use features such as motion tracking and thus assist the user get the required fitness levels without posing the danger of the usual pitfalls encountered. As the number of the obesity and the disease related to it increasing there is also the need for online fitness services stimulating people into exercising and leading a healthy life. The world’s aging population and soaring health care costs also add to the necessity of affordable virtual fitness programs. Thirdly, the global sedentary society has amplified people’s demand for easily accessible and entertaining virtual exercising solutions. Newer technologies in relation to virtual reality and wearable devices add more appeal about the activity and interacting with fitness. Thus, individualized fitness programs, which the concepts of virtual fitness platforms provide, are becoming more and more popular among the consumers.

Virtual Fitness Market Key Segmentation:

By Session Type

  • Group
  • Solo

By Streaming Type

  • Live
  • On-demand

By Device Type

  • Smart TV
  • Smartphones
  • Laptops & Desktops
  • Tablets

Group Sessions, On-Demand Streaming, and Smartphones Lead Virtual Fitness Market in 2023

In 2023, the group segment accounted for the largest share with 59.1% among the main adult rehabilitation services. That is why people’s interest is growing as functional fitness is combined with correcting postures, teamwork and mutual encouragement. As collected from the surveys, 56% of users select group workout, whereas 27% of users like some extent of interaction. From the concerned list provided by the group fitness department, we see that there are many options such as yoga, Zumba and so on.

On-demand streaming was the leading segment in 2023, and it commanded the largest share of 63% of the market. Most customers value the ability to freely stream a host of workouts, trainers, as well as programs at their own pace. As a result, the on-demand platforms are also increasing their options for different fitness genres, music, and the level of the workout.

Key Regional Developments

North America was the largest market for virtual fitness in 2023, with a 40.44% share of the market. This dominance is due to several dynamics such as; increase in smart phone usage, increased population of people with advanced ages, and increased incidences of chronic illnesses. COVID-19 saw the adoption of digital health which meant people stayed at home which made them look for other forms of workouts. Some people in America integrated fitness apps and even dropped exercising in gyms in the pandemic times.

Regional Coverage

• North America (US, Canada, Mexico)

• Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe])

• Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific)

• Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East])

• Africa [Nigeria, South Africa, Rest of Africa]

• Latin America (Brazil, Argentina, Colombia Rest of Latin America)

Recent Developments:

  • August 2024: Aria Care partners with Burns Gym to bring virtual fitness workouts to 50 care homes, expanding the reach of virtual fitness to care facilities.

Buy a Single-User PDF of Virtual Fitness Market Analysis & Outlook Report 2024-2032@ https://www.snsinsider.com/checkout/2713

Key Takeaways:

  • In-depth analysis of the virtual fitness market, covering market size, growth potential and key trends.
  • Insights into the driving factors behind the market's rapid expansion and the opportunities they present.
  • Detailed segment analysis, highlighting the dominance of group sessions and on-demand streaming.
  • Regional insights, with a focus on North America's current market leadership and Asia Pacific's growth potential.
  • Comprehensive examination of the challenges and restraints facing the virtual fitness market.

Table of Contents – Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. Virtual Fitness Market Segmentation, by Session Type

8. Virtual Fitness Market Segmentation, by Streaming Type

9. Virtual Fitness Market Segmentation, by Device Type

10. Regional Analysis

11. Company Profiles

12. Use Cases and Best Practices

13. Conclusion

Access Complete Report Details of Virtual Fitness Market Analysis 2024-2032@ https://www.snsinsider.com/reports/virtual-fitness-market-2713

[For more information or need any customization research mail us at info@snsinsider.com]

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

 

Kontaktdaten