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 Insights
Interactive Fitness Market size was valued at USD 1.1 billion in 2019 and is poised to grow from USD 1.3 billion in 2023 to USD 4.8 billion by 2031, growing at a CAGR of 17.6% in the forecast period (2024-2031).
Fast food consumption, hectic work schedules, and an increasing number of people living sedentary lifestyles are key factors contributing to the focus on raising awareness about fitness and health, which is anticipated to continue to fuel revenue growth in the global interactive fitness market over the forecast period.
Another important element boosting the market's revenue growth is technological developments in the interactive fitness sector and the steady uptake of wearable technology to monitor health and fitness metrics. A growing consumer base of tech-savvy consumers with rising disposable income and the adoption of more technologically advanced gadgets, equipment, and solutions with more new and unique features are key drivers boosting market revenue growth. In order to narrow down the demand-supply gap, the market participants are heavily investing in and concentrating on the development of more inventive, user-friendly, interactive, and original solutions.
Customers that use interactive fitness items benefit from increased flexibility, which helps them avoid severe injuries, aches, and pains. Additionally, the social media usage and vendor promotional activities aid in raising awareness of a healthy lifestyle through various exercise and training regimens. During the projected period, this will have a substantial impact on the expansion of the worldwide interactive fitness market.
Due to the rapid innovation in fitness equipment, the segment's revenue share in 2019 was much higher. Additionally, it is anticipated that increasing consumer awareness and the simple availability of fitness equipment on numerous platforms will fuel segment revenue development.
US Interactive Fitness Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Interactive Fitness Market Report Snapshots
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