Product ID: SQMIG45E2194
Global Interactive Fitness Market Size, Share, Growth Analysis, By Product(Fitness Equipment, Software System), By Application(Gym, Household), By End-User(Residential, Nonresidential), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
SQMIG45E2194 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
116 |
Figures:
77
Global Interactive Fitness Market Dynamics
Interactive Fitness Market Driver
Digitization to Drive a Huge Market Demand for Fitness Applications
- The Global Interactive Fitness Market revenue is expected to register a CAGR of 8.3% during the forecast period. High awareness among people about fitness and a healthy lifestyle is driving the growth of Global Interactive Fitness Market. The sedentary lifestyle and hectic work schedules have led to a high risk of anxiety, obesity, type 2 diabetes, and osteoporosis, chronic back pain. According to World Obesity Atlas 2022, 1 billion people are predicted to be obese. Consistent finding reports a continual increase in type 2 diabetes.
- The Covid-19 induced health emergency worldwide directed people towards health and fitness and indulged their fitness activities. Long Term closure of schools, and offices increased teenage obesity rate by 15%. The stress and uncertainty accompanied with the rise of pandemic by 25 % of people were facing anxiety, stress and mental health issues awareness and need to stay fit and stress free throughout directs people towards Interactive fitness devices that combine fun with exercising. The increasing demand for well-designed, easy-to-handle interactive fitness devices fosters the rapid growth of the market.
Interactive Fitness Market Opportunities
- Health and wellness products and services market is growing by 5 to 10 percent per year. More and more people are inclined towards healthy living activities. Some value traditional yoga and meditation along with diet and nutrition and some are routine walkers and joggers. 40 percent of the general population prioritizes health and wellness. The increasing availability of devices on ecommerce platforms and social media influences are motivating people towards fitness activities.50 % of the total time spent on mobile is spent on social media applications. More than 50 % growth was observed in purchase of health and wellness products subscription. The enthusiasm towards health and fitness is anticipated to fuel the Global Interactive Fitness Market through the forecasted period.
Global Interactive Fitness Market Report Snapshots
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