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Personalized Fitness Coaching: The New Standard in 2024
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According to The Business Research Company's, The personal fitness trainer market size has grown strongly in recent years. It will grow from $39.06 billion in 2023 to $41.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growing awareness of health and fitness, rising obesity rates, celebrity endorsements, government initiatives, aging population.
The personal fitness trainer market size is expected to see strong growth in the next few years. It will grow to $51.69 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to virtual and augmented reality fitness, customized fitness plans, home fitness equipment market growth, integration of nutrition advice, telehealth and online training. Major trends in the forecast period include AI-powered fitness coaching, genetic fitness testing, outdoor and nature-based fitness activities, community-based fitness programs, smart fabrics and wearables.
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Market Drivers and Trends:
The rise in obesity is expected to propel the personal fitness trainer market going forward. Obesity and overweight terms refer to weight gain that is abnormal or excessive and poses a risk to health. An overweight person has a body mass index (BMI) of 25 or higher, and an obese person has a BMI of 30 or higher. A personal trainer can assist an obese or overweight client in reducing the risk of health issues through a weight loss program, thereby offering them encouragement and other benefits through their weight loss journey. For instance, according to a report by Cancer Research UK, a UK-based independent cancer organization, 71% of people would be overweight by 2040, a rise from 64% as of the 2022 data. Among these people, 21 million (almost 36% of adults) are expected to be obese. Therefore, the rise in obesity is driving the growth of the personal fitness trainer market.
Major companies operating in the personal fitness trainer market are introducing innovative fitness apps to strengthen their position in the market. A fitness app is a mobile application designed to help users maintain a healthy lifestyle, exercise routine, and track their fitness progress. For instance, in August 2022, Your Fitness Coach, a UAE-based, leading Fit-Tech subsidiary of Option1World, launched the Your Fitness Coach (YFC) application, the world's most holistic fitness platform, enabling its users to track their fitness activities, get access to various gyms and fitness studios, purchase access to group classes, get a certified personal trainer, follow an in-app training program designed by fitness experts, and get rewarded for being active. Gyms and fitness centers can advertise their facilities and services to a larger audience by using the YFC app. With the help of sophisticated and innovative technology, the YFC app lets users keep track of their activities and earn points for their exercises and steps. Y-coins can be redeemed against purchases after the points are unlocked. This implies that users can earn money from their activities and buy access to fitness classes or fitness products from the in-app store.
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Major Key Players of the Market:
SoulCycle Inc., Anytime Fitness LLC, The Pilates Studio, Equinox Holdings Inc., 24 Hour Fitness Worldwide Inc., LA Fitness International LLC, Orangetheory Fitness LLC, CorePower Yoga LLC, Planet Fitness Inc., UFC Gym, Technogym S.p.A., Gold's Gym International Inc., Burn Boot Camp, Crunch Fitness, Life Time Fitness Inc., The Little Gym International Inc., The Bar Method LLC, F45 Training Holdings Inc., Kinetic Training LLC, Pure Barre LLC, The Dailey Method, TITLE Boxing Club International LLC, Fit Body Boot Camp Franchising LLC, GYMGUYZ LLC, The MAX Challenge, The Studio (MDR), The Young Men's Christian Association (YMCA), BKOOL Fitness S.L., The Yoga Room, Club Pilates Franchise LLC
Personal Fitness Trainer Market 2024 Key Insights:
• The personal fitness trainer market size is expected to see strong growth in the next few years. It will grow to $51.69 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
• Obesity Epidemic Sparks Surge In Demand For Personal Fitness Trainers A Healthier Future In The Making
• Your Fitness Coach (YFC) App Sets New Standards In Holistic Wellness And Rewards
• North America was the largest region in the personal fitness trainer market in 2023
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