The Global Digital Fitness Market Size was valued at USD 6,046 Mn in 2021. The market is projected to grow USD 59,231 Mn in 2028, at a CAGR of 33.1%. Digital fitness refers to the area of modern fitness and health trends that includes different kind of digital devices and applications. The global digital fitness market has been gaining traction as the significance and roles of a variety of fitness gadgets has grown. Calorie counters, heart monitors, exercise trackers, and sleep monitors are just a few examples of goods that are seeing widespread commercialization. One of the main reasons for their appeal is that they can monitor a variety of chronic illnesses in a patient group.
Rising digitalization among IoT devices plays the major role in the growth of global digital fitness market. The digital fitness industry is growing due to the development in digitalization and the trend of linked exercise equipment that allows users to check health metrics such as pulse rate and calories. Several companies are launching digital training sessions which allows consumers to connect with their handheld devices for their workouts to improve their overall fitness experience. For example, Apple, Inc. announced Fitness Plus in September 2020, a subscription service for online fitness sessions that works with iPads, iPhones, Apple TVs, and Apple Watches. The app allows users to track a variety of parameters related to activities including running, cycling, swimming, and rowing. On-demand and live workout courses are available with a variety of linked equipment, allowing customers to participate in sessions on their equipment's built-in screens.
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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Digital Fitness research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Digital Fitness industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
The report provides a comprehensive analysis of company profiles listed below:
Classpass inc.
Tonal
Gympass US, LLC
FitnessOnDemand
LES MILLS INTERNATIONAL LTD
Peerfit, inc.
REH-FIT
Apple Inc.
Sworkit
Viva Leisure
Wellbeats
Goodlife Fitness
Wexer
MoveGB
Others
The study report offers a comprehensive analysis of Digital Fitness Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Scope of this Report:
• This report segments the global Digital Fitness market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
• The report helps stakeholders understand the pulse of the Digital Fitness market and provides them with information on key market drivers, restraints, challenges and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement and acquisitions.
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This research report gives detailed data about the major factors influencing the growth of the Digital Fitness market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.
