Virtual/Online Fitness Market Overview, Growth Challenges Survey & Forecast to 2026
Selbyville, Delaware, United States, October 23 2020 (Wiredrelease) Global Market Insights, Inc –:A rise in health consciousness among people globally has magnified virtual/online fitness market share, due to increasing cases of serious illnesses like cardiovascular diseases, liver and kidney illnesses, cancer, and diabetes. An increase in disposable income among people over the years has supported the demand for consumer electronics such as smartphones, tablets, laptops, and smart TVs, across the globe.
These devices are used to stream the videos online due to their convenience and easy portability. Fitness applications can be downloaded and viewed as and when required. Leading consumer electronics players such as Sony Corporation and Samsung have developed advanced quality smart televisions owing to the surge in demand for multi-functional electronics. These televisions allow the people to access data from the internet in HD thus supporting online fitness classes.
According to a study, global virtual/online fitness market could reach USD 30 million in total annual remuneration by 2026. Many leading health clubs join hands with companies to allow the integration of gyms in the work environment and boost employee productivity. For example, Retro Fitness- a prominent American health club franchise operating in over 120 locations across the U.S. has offered corporate membership plans to help organizations offer in-person as well as virtual training classes to their employees.
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With the temporary closure of gyms and fitness clubs due to the coronavirus pandemic, virtual/online fitness market has witnessed a robust increase. With people staying indoors and the growing need to stay fit to enhance immunity, online fitness classes have witnessed notable gains.
Many leading fitness chains, with an aim to continue business and to serve their clients, have shifted to hosting online classes regularly. Fiscal benefits like discounts and promotional campaigns offered by these chains have supported the dependence on virtual fitness classes for people globally.
Cardiovascular equipment helps in the maintenance of heart health along with lowering the blood pressure levels. The increasing awareness regarding health and well-being has motivated the consumers to incorporate cardio workouts in their routines to help reduce instances of heart diseases. Many leading technology companies are working towards offering the latest fitness solutions to meet the changing consumer demands and to achieve a competitive edge.
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In terms of regional expanse, European users have emerged as key consumers for virtual services, with growing popularity of on-demand sessions for cardio workouts like exercise bikes, treadmills, and climbers. As per the European Heart Network, cardiovascular diseases are responsible for nearly 45% of the total deaths in the region. Death rates due to Ischemic Heart Disease and stroke are considerably high in the Central and Eastern parts of Europe.
Table Of Content:
Chapter 5. Virtual/Online Fitness Market, By Streaming Type
5.1. Key trends, by streaming type
5.2.1. Market estimates and forecast, 2016 – 2026
5.3.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Virtual/Online Fitness Market, By Session Type
6.1. Key trends, by session type
6.2.1. Market estimates and forecast, 2016 – 2026
6.3.1. Market estimates and forecast, 2016 – 2026
Chapter 7. Virtual/Online Fitness Market, By Device Type
7.1. Key trends, by device type
7.2. Smart TVs
7.2.1. Market estimates and forecast, 2016 – 2026
7.3.1. Market estimates and forecast, 2016 – 2026
7.4. Laptops, desktops and tablets
7.4.1. Market estimates and forecast, 2016 – 2026
7.5.1. Market estimates and forecast, 2016 – 2026
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