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Interactive Fitness Market Size, Trends, Growth, Outlook 2024-2033
Interactive Fitness Market Size
According to The Business Research Company's, The interactive fitness market size has grown strongly in recent years. It will grow from $4.40 billion in 2023 to $4.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to the rise in health consciousness, change in consumer preferences, gamification of exercise, fitness tracking and data analytics, and expansion of digital platforms.
The interactive fitness market size is expected to see rapid growth in the next few years. It will grow to $7.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to health and wellness trends, personalization and customization, integration with everyday life, and remote and hybrid fitness models. Major trends in the forecast period include virtual reality (VR) workouts, live streaming and on-demand classes, personalized workouts, wearable technology integration, and multimodal experiences.
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Market Drivers and Trends:
The rising prevalence of obesity among youngsters is expected to propel the growth of the interactive fitness market going forward. Obesity refers to a medical condition characterized by excessive accumulation of body fat, leading to health problems and an increased risk of various diseases. The prevalence of obesity among youngsters is rising due to sedentary lifestyles, unhealthy dietary habits, environmental factors, and genetic predisposition. Interactive fitness can be a valuable tool for individuals struggling with obesity by providing engaging, personalized, and accessible workout experiences that support their journey toward improved health and fitness. For instance, in May 2023, according to the Office for Health Improvement and Disparities, a UK-based Department of Health and Social Care, the estimated percentage of adults aged 18 and over in England living with obesity rose to 63.8% in 2022, up from 63.3% in the previous year. Therefore, the rising prevalence of obesity among youngsters is driving the growth of the interactive fitness market.
Major companies operating in the interactive fitness market are focusing on developing innovative solutions, such as advanced AI-powered workout tracking technology, to enhance the user experience and optimize fitness results. Advanced AI-powered workout tracking technology in interactive fitness refers to systems utilizing artificial intelligence algorithms to monitor and analyze users' exercise performance, provide personalized feedback, and optimize training programs for enhanced fitness outcomes. For instance, in October 2022, Insane AI, an India-based fitness tech company, launched an AI-powered fitness training app that utilizes the front camera of a smartphone to track movements and provide real-time posture and form correction for users during their workouts. It offers a wide range of guided body workouts, including HIIT, cardio, muscle training, yoga, balance drills, and unique agility drills, and provides users with insights into their workout and performance history. The interactive workout screen keeps users engaged with visual cues and live feedback. The app also awards users with real-life rewards for working out, making fitness as addictive as a game.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Peloton Interactive Inc., Fitbit Inc., iFit, Beachbody LLC, Precor, Flywheel Sports Inc., Bowflex, Nautilus Inc., Life Fitness, TECHNOGYM Spa, Matrix Fitness, Echelon Fitness Multimedia LLC, EGYM Inc., Hydrow Inc., Horizon Fitness, Evervue USA Inc., FightCamp, Paradigm Health and Wellness Inc., NordicTrack, Nexersys Corp., Axtion Technology LLC, Zwift Inc., MYX Fitness
Interactive Fitness Market 2024 Key Insights:
• The interactive fitness market size is expected to see rapid growth in the next few years. It will grow to $7.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Interactive Fitness Market Growth Driven By Rising Obesity Among Youngsters
• Innovative Solutions Revolutionize The Interactive Fitness Market
• North America was the largest region in the interactive fitness market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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