Global Online Fitness Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Online Fitness Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Online Fitness market finds that the global Online Fitness market reached a value of USD 5386.4 million in 2022. It’s expected that the market will achieve USD 18963.0 million by 2028, exhibiting a CAGR of 23.34% during the forecast period.

Increase in industry investment

With the change of investors' attitude becoming optimistic, the profitability and long-term business potential of online fitness enterprises have become the factors of concern. With the emerging Internet fitness applications and smart gyms/fitness equipment, the competitive potential and future development space of online fitness industry are more optimistic, attracting more investors to enter the market.

Economy
With the development of communication and network technology, the urgency of working hours and the awakening of residents' fitness awareness, people's requirements for sports fitness experience have also increased, and the way of sports fitness has gradually changed, and online fitness has become more popular, making full use of fragmented time, making it more comfortable and convenient.

Policy dividend

Governments of all countries pay great attention to national health issues, strongly support the development of sports culture and fitness, and have less restrictions on sports investment behavior. They also pay attention to the online fitness market and support its development.

Great loss of users

Because people who have used sports and fitness habits will reduce the use of application record data and use more professional wearable hardware instead, and sports and fitness applications are difficult to cultivate users' long-term use habits and keep their activity rate, it is predicted that the traffic in the online fitness field will still rise, but it is limited by the growth of users in the whole network, and online fitness users are facing the situation of stock competition.

User consciousness

Online fitness relies more on user awareness, and the enthusiasm of many users is only short-term. Without supervision, users may cancel fitness activities under various excuses. Moreover, it is difficult for them to master the essentials and precautions of fitness through dozens of minutes of courses, and they cannot communicate effectively with coaches after class, which will seriously affect their training enthusiasm.

Region Overview:

In 2022, the share of the Online Fitness market in North America stood at 37.49%.

Company Overview:

PELOTON INTERACTIVE, INC. is one of the major players operating in the Online Fitness market, holding a share of 10.3% in 2023.

PELOTON INTERACTIVE, INC.

Peloton is an American exercise equipment and media company. Based in New York City, Peloton's main products include a stationary bicycle and treadmill that allow monthly subscribers to remotely participate in classes that are streamed from the company's fitness studio.

ZWIFT INC

Zwift, Inc. designs and develops healthcare software. The Company offers cycling route information, race guide, group chat, training, tracking, and data analysis solutions. Zwift serves customers in the United States.

Segmentation Overview:

By type, Group segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Individuals, with a market share of 19.23% in 2022.

Key Companies in the global Online Fitness market covered in Chapter 3:

Fitness First
Peerfit, Inc.
Wellbeats, Inc.
Goodlife Fitness
Wexer
Fitbit, Inc.
FitnessOnDemand
Sworkit
Fitness Blender
Peloton Interactive, Inc.
ClassPass Inc.
LES MILLS INTERNATIONAL LTD
Zwift Inc
Fittr
Viva Leisure,

In Chapter 4 and Chapter 14.2, on the basis of types, the Online Fitness market from 2018 to 2029 is primarily split into:

Group
Solo

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Online Fitness market from 2018 to 2029 covers:

Gyms
Sports Institutes
Defense Institutes
Educational Institutions
Corporate Institutions
Individuals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)