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TwitterThe market revenue of the health and fitness industry in the Middle East and North Africa (MENA) region was the highest in Egypt, at about *** billion U.S. dollars in 2020. The region's industry had a projected market size that would exceed ** billion U.S. dollars by 2025.
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The Health and Fitness Club Market Report is Segmented Into Service Type (Membership Fees, Personal Training & Instruction, Other Service Type), Business Model (Independent Clubs, Chained Clubs), End-User (Male, Female), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).
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TwitterThe penetration rate of the health and fitness industry in the Middle East and North Africa (MENA) region was the highest in Kuwait at more than **** percent in 2020. The region's industry had a projected market size that would exceed ** billion U.S. dollars by 2025.
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This interactive fitness market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (non-residential and residential) and geography (North America, Europe, APAC, South America, and MEA). The interactive fitness market report also offers information on several market vendors, including Axtion Technology LLC, Echelon Fitness Multimedia LLC, EGYM Inc., Evervue USA Inc., Motion Fitness LLC, Nautilus Inc., Nexersys Corp., Paradigm Health and Wellness Inc., Peloton Interactive Inc., and TECHNOGYM Spa among others.
What will the Interactive Fitness Market Size be During the Forecast Period?
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Interactive Fitness Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing awareness among people about fitness and healthy lifestyle is notably driving the interactive fitness market growth, although factors such as lack of awareness and market penetration in developing countries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the interactive fitness industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Interactive Fitness Market Driver
The rising adoption of a sedentary lifestyle is exposing people to the high risk of developing various health conditions, such as anxiety, obesity, type 2 diabetes, and osteoporosis. Moreover, an increase in the prevalence of chronic back pain and hectic work schedules have led people to undertake some form of daily exercise to remain healthy and prevent various health-related issues. The increasing awareness about the importance of a healthy lifestyle has led to a rise in the demand for various fitness activities, including interactive fitness. Interactive fitness products provide better flexibility to consumers, which in turn, helps prevent major body injuries, aches, and pains. Additionally, promotional activities conducted by vendors and the use of social media also help in creating awareness about a healthy lifestyle through various fitness and training activities. This will significantly influence the growth of the global interactive fitness market size during the forecast period.
Key Interactive Fitness Market Trend
Game-based physical activities are gaining traction among health-conscious consumers as they are combined with video games, which result in heart-pumping movement or core building balance. Technological innovation and invention in the form of new video games have led to an increase in the number of children spending time on video games rather than opting for physical activities. The rising trend of exergaming is one of the key interactive fitness market trends as it is a perfect solution for participants to play their favorite games while being physically active. The demand for exergaming is also increasing because it helps people build their strength, fitness, and self-confidence through interactive gaming.
This interactive fitness market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Interactive Fitness Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
Axtion Technology LLC
Echelon Fitness Multimedia LLC
EGYM Inc.
Evervue USA Inc.
Motion Fitness LLC
Nautilus Inc.
Nexersys Corp.
Paradigm Health and Wellness Inc.
Peloton Interactive Inc.
TECHNOGYM Spa
This statistical study of the interactive fitness market encompasses successful business strategies deployed by the key vendors. The interactive fitness market is fragmented and the vendors are deploying growth strategies such as the acquisition of new brands to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The interactive fitness market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustaina
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TwitterThis statistic displays the estimated market size of the wellness and fitness market in the United Kingdom from 2010 to 2020 (in billion GBP). By 2020, it was estimated that the market size of the wellness and fitness market in the United Kingdom would reach **** billion GBP. The revenue of the health club industry amounted to a value of around *** billion U.S. dollars in the UK in 2015. Further information on the fitness industry in the UK can be found in the Dossier: Fitness industry in the United Kingdom.
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The Health and Fitness Club Marketsize was valued at USD 104.05 USD Billion in 2023 and is projected to reach USD 188.14 USD Billion by 2032, exhibiting a CAGR of 8.83 % during the forecast period. Recent developments include: May 2023 – Virtuagym, an Amsterdam-based digital health and fitness company, partnered with Hidden Profits Marketing, an Amsterdam-based advertising agency, to launch a product integration/solution to assist fitness studios and clubs in enhancing their lead management., October 2022 – 24 Hour Fitness, a U.S.-based fitness center chain, collaborated with Headspace Health, a U.S-based online company providing mental health solutions, to offer Headspace subscriptions to 24 Hour Fitness Club clients/members. The partnership was formed to encourage mental health and was launched on World Mental Health Day (10th October). The strategic collaboration would further assist 24-Hour Fitness in providing its clients with a dynamic wellness and fitness experience., April 2022 – Anytime Fitness, a Netherlands-based fitness chain, launched AF SmartCoaching technology to provide its members with personalized coaching, which can be accessed through the AF app. The launch was part of the company’s strategy to provide customers with fitness coaching outside and inside the club., February 2020 – Plus Fitness, an Australia-based fitness brand, launched a new club in Mumbai, India. The company also announced plans to open more facilities nationwide in the future., May 2023 – Planet Fitness, a U.S.-based fitness center operator, launched a high school summer pass program under which students aged 14 to 19 will get mental and physical health services for free.. Key drivers for this market are: Growing Demand for Bath Towels from End-use Industries to Propel the Market Growth. Potential restraints include: High Membership Cost & Increasing Preference for Home Workout to Impede Market Growth. Notable trends are: Blend of Style, Sustainability, and Functionality are Trending Aspect .
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Key Fitness App StatisticsTop Fitness AppsHealth & Fitness App Market LandscapeFitness App RevenueFitness Revenue by AppFitness App UsersFitness App Market ShareFitness App DownloadsTracking...
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Number of Businesses statistics on the Gym, Health & Fitness Clubs industry in the US
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The Gym and Fitness Franchises industry operates franchised fitness establishments that benefit from branding, marketing and administrative support from franchise leaders. The industry has experienced robust gains due to growing membership levels and a more health-conscious population. However, a steep revenue decline in 2020 amid the COVID-19 pandemic has partially depressed overall growth. Nonetheless, industry revenue has increased at a CAGR of 0.9% to $7.2 billion over the past five years. As the pandemic subsides and the population returns to everyday life routines, industry revenue will grow 2.6% in 2023 alone.Over the past five years, interest rates have remained higher than historical norms, deteriorating borrowing activity and decreasing franchise opportunities. Nonetheless, low-cost gyms have gained popularity during the period, offsetting the increased franchise investments and benefiting industry expansion. Additionally, contained start-up costs, such as low marketing costs, due to franchisors' preestablished brand awareness and increasing adoption of cost-saving technology have led to increased industry participation. Despite cost savings, industry profit declined due to rising wage expenses.Industry revenue will rise at a CAGR of 1.1% to $7.6 billion over the next five years. The growing proliferation of public health campaigns that raise awareness about health will prompt more consumers to join gyms. Furthermore, time-strapped consumers will require high-margin services, such as fitness trainers and individually tailored nutritional plans, to achieve fitness results despite the limited available time. As more individuals prefer gyms that cater to local clientele, franchises will become more popular. However, at-home workout trends will hinder industry revenue performance somewhat, particularly as consumer workout trends potentially shift following the coronavirus pandemic, which forced people to stay at home.
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Fitness app market size was USD 3.61 Billion in 2020 and is expected to register a robust revenue CAGR of 23.5%, key factors are high penetration of electronic gadgets such as smartphones, tablets, and wearable devices, and growing inclination towards healthy lifestyle
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Global Functional Fitness Market is segmented by Application (Rehabilitation_Physical Therapy_Sports Performance_Senior Fitness_Injury Prevention), Type (Stability Training_Core Strength Exercises_Mobility Training_Flexibility Routines_Balance Training), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)
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TwitterThe UK fitness market is poised for growth, with its value projected to reach *** billion British pounds in 2025. This represented a significant rebound from the *** billion British pounds recorded in 2022, highlighting the industry's resilience and adaptability in the face of recent challenges. The sector's recovery was further evidenced by the increasing number of gym memberships, which rose to an estimated **** million in 2024, marking a five percent increase from the previous year. Evolving landscape of fitness facilities The UK has seen a substantial expansion in fitness establishments over the past decade, with the number of gyms and fitness centers more than doubling between 2011 and 2020. Despite the setbacks caused by the COVID-19 pandemic, the industry demonstrated remarkable resilience. By 2024, the number of fitness locations in the UK surpassed pre-pandemic levels, exceeding ***** establishments. This growth aligned with broader European trends, as the continent's health and fitness market revenue reached an estimated **** billion euros in 2023. Shifting participation patterns While the overall fitness market is growing, participation trends show varying patterns across different activities. Fitness classes have seen an uptick in popularity, with approximately *** million people in England participating between November 2023 and November 2024, an increase from previous years. Conversely, generic fitness training experienced a slight decline, with about **** million individuals incorporating it into their routines in 2024, a decrease of around ******* participants compared to 2021. These shifts in preferences underscore the dynamic nature of the fitness industry and the importance of adapting to changing consumer demands.
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The size of the Virtual Fitness Market market was valued at USD 108.3 Billion in 2023 and is projected to reach USD 543.01 Billion by 2032, with an expected CAGR of 25.9% during the forecast period. Recent developments include: October 2021: A prominent provider of platforms for mental health and overall wellbeing, LifeSpeak Inc., has acquired the online wellness business LIFT Digital Inc. With this acquisition, LifeSpeak hopes to profit on LIFT's clientele, which consists of a number of prestigious companies, and carry out its strategy to speed up expansion through acquisitions., September 2020: Fitness Plus, a subscription service for online fitness classes that works with iPads, iPhones, Apple TV, and Apple Watch, was launched by Apple, Inc. On their Apple devices, customers can track a range of stats for activities like jogging, cycling, swimming, or rowing..
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The size of the Connected Gym Equipment Market was valued at USD 1.1 Billion in 2023 and is projected to reach USD 7.80 Billion by 2032, with an expected CAGR of 32.30% during the forecast period. Recent developments include: In November 2023, Life Fitness, the world's leading commercial fitness equipment manufacturer, will introduce a new generation of cardio, strength training, and digital product breakthroughs at the 2024 IHRSA Convention & Trade Show. Life Fitness' most recent developments expand on the company's 55-year tradition as a staple in gyms and fitness centers around the world. Symbio™, the first-of-its-kind ultra-premium cardio line, will debut at IHRSA 2024. The firm announced the four-machine collection., In 2023, Centr, the health and wellness platform launched by Chris Hemsworth, will launch over 25 new goods, including workout kits and strength training equipment. The items are now available on Walmart.com and at 3,000 Walmart stores across the country. Centr’s equipment offerings include the Centr 1 Home Gym, a new functional fitness cable machine and sleek fitness accessories crafted to complement the home., January 2020 Apple and Gym engaged into a cooperation. By tying the Apple Watch's activity data to gym reward programs, the partnerships want to improve the connection between the gym experience and the Apple Watch experience., June 2020For $500 million, the fitness clothing business lululemon athletica purchased the in-home fitness content streaming platform Mirror.. Notable trends are: Rapid digitization of the health and fitness industry is driving the market growth.
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The Saudi Arabia Health and Fitness Club Market Report is Segmented by Revenue Stream (Membership Fees, Personal Training and Instruction, and Other Revenue Streams), End User (Men, Women), Club Type (Budget Gyms, Premium/Boutique Gyms and Clubs), Structure (Independent, Chained). The Market Forecasts are Provided in Terms of Value (USD).
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The global virtual fitness app market size was valued at USD 5.36 billion in 2022 and is projected to reach USD 17.12 billion by 2030, growing at a CAGR of 15.3% from 2023 to 2030. The rising adoption of smartphones, tablets, and other mobile devices, coupled with the growing popularity of fitness apps, is driving the growth of the market. Additionally, the increasing demand for home-based workouts and the growing awareness of the health benefits of exercise are further fueling the growth of the virtual fitness app market. The key factors driving the growth of the virtual fitness app market include the increasing adoption of smartphones, tablets, and other mobile devices; the growing popularity of fitness apps; the increasing demand for home-based workouts; the growing awareness of the health benefits of exercise; and the rising disposable income in developing countries. However, the high cost of virtual fitness apps, the lack of personalized fitness guidance, and the lack of motivation to exercise at home are some of the challenges that the market is facing. The global virtual fitness app market is expected to reach $11.2 billion by 2025, growing at a CAGR of 20.1% from 2020 to 2025.Factors driving the growth of the market include increasing health and fitness awareness among consumers, rising popularity of wearable fitness trackers, and growing adoption of smartphones and tablets.
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The Mexican gym and fitness equipment market stood at $1.4B in 2024, growing by 15% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2024 and is likely to see steady growth in the near future.
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Smart Home Gym Equipment Market Insights
| Attribute | Detail |
|---|---|
| Smart Home Gym Equipment Market Drivers |
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Regional Outlook
| Attribute | Detail |
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| Leading Region | Asia Pacific |
Smart Home Gym Equipment Market Snapshot
| Attribute | Detail |
|---|---|
| Market Size in 2023 | US$ 2.2 Bn |
| Market Forecast (Value) in 2034 | US$ 4.1 Bn |
| Growth Rate (CAGR) | 5.8% |
| Forecast Period | 2024-2034 |
| Historical Data Available for | 2020-2022 |
| Quantitative Units | US$ Bn for Value and Thousand Units for Volume |
| Market Analysis | It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
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Global Fitness Trackers Market is segmented by Application (Fitness_Wellness_Healthcare_Sports_Personal Health), Type (Heart Rate Monitors_Step Counters_Sleep Trackers_Calorie Burn Trackers_GPS Trackers), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)
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TwitterThe coronavirus (COVID-19) pandemic had a significant impact on the sports and fitness industry across the globe. In the United States, many fitness centers were forced to close, some permanently, and an estimated **** billion U.S. dollars was lost in revenue across the industry.