Global Online/Virtual Fitness Market was valued at USD 7.06 billion in 2020 and is expected to grow with a CAGR of 35 % over the forecast period 2021-2027. Rising the vigorous internet connectivity crosswise the developed as well as developing countries growing the virtual market. Virtual/ online fitness trends are a revolution of next generation. Online sessions those people who cannot attend fitness sessions physically. Furthermore, working people can attend their sessions anytime as it provides time flexibility. Online or virtual Fitness is a fitness/wellness service that allows consumers to connect with a trainer or instructor online/virtually rather than visiting a fitness facility. Typically, the fitness instruction videos are available on the fitness instructor’s web dashboards or fitness applications. Furthermore, virtual fitness sensors in smartphones and wearables enable a variety of virtual fitness applications, such as sleep monitoring and running rhythm tracks, to help users improve their lifestyles and health. The major factor driving the growth of the market includes the global spread of COVID-19, Rising awareness of health & well-being in developing economies, growing chronic diseases, and rising smartphone penetration across the globe.
Additionally, Health wearable devices and Fitness sensor smart phones enable various health application which help user’s health and lifestyle Online/Virtual Fitness Market growth is driven by Rising awareness about health, growing adoption of digitalization and Rising awareness of AR and VR based fitness program. Rising digitalization along with the connected fitness equipment such as health parameter, Time calculating devices. For instance, In December 2020, Apple Launched Fitness+ this Apple Fitness+ Brings Studio style workout to apple TV, iPhone, iPad. However, Lack of awareness about the multiple online services, High Cost of Content creation and Interruption in the flow of the class due to tech glitches are hindering the growth of market over the forecasting period 2020-2027.
The regional analysis of the Online/Virtual Fitness Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which North America is dominating the market as focusing on valuable medicine and personalized care. In addition, Numerous Healthcare organizations in this region. However, Asia Pacific is highest growing market in the forecasting year due to pro fitness government policies, increasing Online/Virtual Market and changing lifestyle.
Key Players in Global Online/Virtual Fitness Market
Les Mills International Ltd.
Navigate Wellbeing Solutions
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Streaming Type:
By Session Type:
By Device Type:
By Revenue Model:
By End User:
Rest of LA
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of Global Online/Virtual Fitness Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers