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Online/Virtual Fitness Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Online/Virtual Fitness Market
The Business Research Company's Online/Virtual Fitness Global Market Report 2023 identifies the rising penetration of smart devices is expected to propel the growth of the online/virtual fitness market. Smart devices are devices that are connected to other devices or networks via different wireless protocols such as Bluetooth, Zigbee, NFC, Wi-Fi, LiFi, and 5G and help in keeping track of a person's day-to-day activities. Smart devices enable users to access online fitness content.
The global online/virtual fitness market size grew from $15.65 billion in 2022 to $21.82 billion in 2023 at a compound annual growth rate (CAGR) of 39.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the online/virtual fitness market is expected to grow to $76.57 billion in 2027 at a CAGR of 36.9%.
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Major competitors in the online/virtual Fitness market are ClassPass Inc., FITBIT, Inc., Fitness On Demand, Les Mills International Ltd., Navigate Wellbeing Solutions, Reh-Fit Centre, Sworkit Company, Viva Leisure, Wellbeats Inc., Zwift, Peloton Interactive, Inc., Health Clubs & Gyms, Fast Lean Fitness centre and Gym, Charter Fitness Inc., and MoveGB.
A key trend in the online/virtual Fitness market includes on-demand offering. On-demand online fitness services enable consumers to access fitness sessions at their convenience with their choice of workout programs, exercise difficulty levels, and trainers. For instance, in May 2022, Johnson Health Technology Company, a US-based online fitness services company, launched Matrix Connected solutions through which gyms and fitness owners can create digital experiences for their members and people can take on-demand exclusive training cycles.
Read More On The Global Online/Virtual Fitness Market Report Here:
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The online/virtual Fitness market is segmented -
• By Device Type: Smart TV, Smartphones, Laptops, Desktops, and Tablets
• By End User: Professional Gyms, Sports Institutes, Defense Institutes, Educational Institutions, Corporate Institutions, Individuals
• By Revenue Model: Subscription, Advertisement, Hybrid
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the online/virtual Fitness market.
The Business Research Company's "Global Online/Virtual Fitness Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Online/Virtual Fitness Market Include:
1. Executive Summary
2. Online/Virtual Fitness Market Characteristics
3. Online/Virtual Fitness Market Trends And Strategies
4. Online/Virtual Fitness Market - Macro Economic Scenario
5. Online/Virtual Fitness Market Size And Growth
……
26. Africa Online/Virtual Fitness Market
27. Online/Virtual Fitness Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Online/Virtual Fitness Market
29. Online/Virtual Fitness Market Future Outlook and Potential Analysis
30. Appendix
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