Interactive fitness market size
“The Business Research Company recently published a comprehensive report on the global Interactive Fitness market size and trends analysis with forecasts from 2024 to 2033. It provides a wealth of valuable insights and data such as market share, competitors, etc.” It also covers current trends, future opportunities, and important data to succeed in the industry.
According to The Business Research Company, the interactive fitness market size has grown significantly in recent years. It is expected to grow from $4.4 billion in 2023 to $4.83 billion in 2024, at a compound annual growth rate (CAGR) of 9.9%. Growth during this historic period can be attributed to increased health awareness, changing consumer preferences, gamification of exercise, fitness tracking and data analysis, and expansion of digital platforms.
The interactive fitness market size is expected to grow rapidly in the coming years. It is expected to grow to $7.11 billion by 2028 at a compound annual growth rate (CAGR) of 10.1%. Growth over the forecast period can be attributed to health and wellness trends, personalization and customization, integration with daily life, remote and hybrid fitness models. Key trends for 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:
Rising obesity rate among youth is expected to drive the growth of the interactive fitness market in the coming years. Obesity refers to a medical condition characterized by excessive accumulation of body fat, leading to health problems and an increased risk of various diseases. Sedentary lifestyles, unhealthy eating habits, environmental factors, and genetic predisposition are contributing to rising obesity rates among young people. Interactive fitness can be a valuable tool for individuals struggling with obesity by providing an engaging, personalized, and accessible workout experience that supports their efforts to improve their health and fitness. For example, in May 2023, the estimated proportion of adults aged 18 and over in the UK living with obesity will rise to 63.8% in 2022, according to the UK-based Department of Health and Social Care, Health Improvement and Inequalities Agency. I did. This is an increase from 63.3% the previous year. Thus, the rising obesity rate among the youth is driving the growth of the interactive fitness market.
Leading companies operating in the interactive fitness market are focused on developing innovative solutions such as advanced AI-powered workout tracking technology to improve user experience and optimize fitness results. Masu. Advanced AI-powered workout tracking technology in Interactive Fitness utilizes artificial intelligence algorithms to monitor and analyze your exercise performance, provide personalized feedback, and improve training programs to improve your fitness outcomes. refers to a system that optimizes For example, in October 2022, Insane AI, an India-based fitness technology company, launched an AI that leverages a smartphone’s front camera to track movement and provide real-time posture and form corrections while users exercise. We have released a fitness training app that utilizes the. training. It offers a wide range of guided body workouts, including HIIT, cardio, strength training, yoga, balance drills, and unique agility drills, and provides users with insight into their workout and performance history. Interactive workout screens keep users engaged with visual cues and live feedback. The app also gives users real rewards for their workouts, making fitness as addictive as a game.
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Major key players in 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 nFitness, Evervue USA Inc., FightCamp, Paradigm Health and Wellness Inc., NordicTrack, Nexersys Corp., Axtion Technology LLC, Zwift Inc., MYX Fitness
Interactive Fitness Market Key Insights in 2024:
• The interactive fitness market size is expected to grow rapidly in the coming years. It is expected to grow to $7.11 billion by 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Interactive fitness market growth is driven by rising obesity among youth
• Innovative solutions revolutionize interactive fitness market
• North America was the largest region for the interactive fitness market in 2023
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inquiry:
business research company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
follow me:
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 business research companies
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence company known for its expertise in business, market, and consumer research. With a global presence, TBRC’s consultants specialize in a variety of industries including manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insight and strategic guidance to clients around the world. I am.
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