Dublin, Aug. 09, 2024 (GLOBE NEWSWIRE) -- The "Fitness Apps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Fitness Apps is estimated at US$1.5 Billion in 2023 and is projected to reach US$4.3 Billion by 2030, growing at a CAGR of 16.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the fitness app market is driven by several factors, including significant technological advancements, shifts in consumer behavior, and a heightened collective focus on health and fitness. The widespread availability and adoption of smartphones and wearable technology have created a robust platform for these apps to flourish. As consumers become more proactive about their health, there is a noticeable shift towards solutions that offer convenience, personalization, and flexibility - qualities that fitness apps provide in abundance.
The impact of the COVID-19 pandemic has also accelerated this trend, with physical restrictions and gym closures pushing more individuals towards digital fitness solutions that can be accessed from the safety and comfort of home. Economically, fitness apps present a cost-effective alternative to traditional gym memberships and personal trainers, appealing to budget-conscious consumers.
These elements, combined with ongoing innovations in app features and interoperability with other health services, ensure the continued expansion and evolution of the fitness app market, aligning with broader health trends and consumer demands for more integrated, personalized health management solutions.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Fitness Apps Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Fitness Apps Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Exercise & Weight Loss Apps segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 16.4%. The Activity Tracking Apps segment is also set to grow at 16.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $407.1 Million in 2023, and China, forecasted to grow at an impressive 21.6% CAGR to reach $988.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Adidas AG, ASICS Co., Ltd, Azumio Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 371 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.5 Billion |
| Forecasted Market Value (USD) by 2030 | $4.3 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Fitness Apps - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Robust mHealth Industry Provides the Cornerstone for Growth in the Market
- Surging Interest in Health and Fitness Drives App Usage
- Integration of Wearable Technology Spurs Growth in Fitness App Adoption
- Rising Popularity of At-Home Workouts Expands User Base
- Personalization and Customization Features Enhance User Engagement
- Gamification of Fitness Activities Strengthens User Retention
- Social Sharing Features and Community Building Propel User Growth
- Advances in AI for Personalized Training and Nutrition Guidance
- Growing Focus on Mental Health and Its Integration into Fitness Apps
- Expansion of Subscription-Based Revenue Models in App Ecosystems
- Integration of Virtual Reality and Augmented Reality in Workout Routines
- Data Privacy and Security Concerns in Health Apps Influence User Trust
FOCUS ON SELECT PLAYERS (Total 38 Featured)
- Adidas AG
- ASICS Co., Ltd
- Azumio Inc.
- Fitbit LLC
- FitNow, Inc (Lose It!)
- HealthifyMe Wellness Private Limited
- Jefit, Inc.
- MyFitnessPal, Inc.
- Nike, Inc.
- Secret Industries Pty Ltd (FatSecret)
- Sports Tracking Technologies (Sports Tracker)
- Strava, Inc.
- Sworkit by Nexercise, Inc.
- Under Armour, Inc.
- Withings
For more information about this report visit https://www.researchandmarkets.com/r/eplcnv
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