Growing global online fitness market expected to hit €231.33 billion by 2032
The global virtual fitness market has experienced significant growth in recent years, with the Covid-19 pandemic acting as a catalyst for its expansion
As lockdowns forced the closure of fitness centres and gyms, people turned to digital platforms for at-home workouts.
This shift in consumer behaviour, coupled with the increasing demand for online classes, has propelled the growth of the online fitness industry.
Convenience-based wellness services
Online or virtual fitness offers clients the convenience of accessing trainers and instructors remotely, eliminating the need for physical fitness facilities. Through training videos managed by instructors on virtual dashboards and fitness apps, individuals can participate in workouts from the comfort of their own homes. The integration of smartphone and wearable sensors further enhances the online fitness experience, allowing for features like sleep monitoring and running rhythm tracking.
Accessibility for all
Online fitness programmes cater to a wide range of individuals, including shift workers, housewives, and those who may not have the time or ability to visit a gym.
By bringing health and wellness services directly to consumers, the online fitness industry has made these offerings accessible to a larger audience.
Impressive market growth
According to a report by Allied Market Research, the global virtual fitness market was valued at €13.75 bn in 2022 and is projected to reach €231.33 bn by 2032, growing at a compound annual growth rate of 32.7% from 2023 to 2032.
Factors driving this growth include the increasing demand for advanced fitness sessions, demand from health insurance providers for online fitness services to reduce costs, the popularity of healthy foods, the lack of time for in-person training sessions, and the rise of AR and VR-based fitness experiences.
Challenges and opportunities
While the online fitness market has experienced rapid growth, there are challenges to overcome. The lack of real interaction with instructors and potential technical glitches that interrupt classes can hinder the overall experience. However, the market also presents opportunities – especially in the growing popularity of online fitness programmes among the elderly population.
The future of virtual fitness looks promising, with the market projected to continue its growth trajectory. As more individuals embrace the convenience and accessibility of online fitness programmes, the industry will evolve to meet their needs, offering a blend of in-person and remote exercise sessions.
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