At a CAGR of 22.1%, Fitness Apps Market Size Forecasts Global Growth of $19.33 Billion by 2029: Polaris Market Research
According to the research report, the global fitness apps market size is expected to grow USD 19.33 billion by 2029, at a CAGR of 22.1% during the forecast period.
According to the research report, the world Fitness apps market size is expected to grow USD 19.33 billion by 2029, at a CAGR of 22.1% during the forecast period.
What is a fitness app? What is the size of the fitness apps market?
Fitness apps are apps designed to provide the user with instructions while running, walking, cycling, or performing any other physical activity. Many fitness apps can be downloaded from the Internet onto a mobile device, such as a smartphone or tablet PC. Fitness apps are typically used to count calories from other workout-related statistical records such as walks, runs, and bike rides. Some apps provide music services, each with the same beat to motivate the user during workouts such as running and fitness classes.
The recent outbreak of the COVID-19 pandemic has imposed nationwide lockdowns and social distancing norms that have led to the shift from traditional studios and gyms to virtual fitness. This, in turn, has been a major factor in increasing fitness app downloads and subscriptions. Technological advancements in AI and machine learning, growing prevalence of hypertension, obesity, and heart problems are expected to create remunerative opportunities for the expansion of the fitness apps market during the period of study.
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Report content includes:
- A collection of past data, events and resulting forecasts.
- Analysis of the market at regional and global level, including its growth estimates
- In-depth Segmentation of the Global Fitness Apps Market by Type, Application, and Regions
- Profiles on industry players with their sales, feedback, market position
- An up-to-date market analysis covers the latest market trends and technological developments.
- A comprehensive assessment of all opportunities and risk in the global Fitness Apps Market
- The competitive environment of market dynamics to provide you with a major market competitive advantage.
- An exclusive forecast of the economic scenario of the industry.
The main players in the global market are:
- Asics Company
- Azumio inc.
- Fitbit Inc.
- Google LLC
- Great apps
- Lenovo Group Limited
- Samsung Electronics Co.Ltd.
- TomTom International B.V.
- Under Armor Inc.
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Market Frequently Asked Questions:
- What is the size of the global fitness apps market globally?
- What are the recent developments and government policies?
- What are the main market trends?
- What is the growth rate of the global fitness apps market?
- What is the most potential market segment?
- What are the major industry players in the market?
- Which region would provide strong growth for vendors in the global fitness apps market?
- How will the market dynamics change due to the impact of future opportunities, restraints and drivers?
- What is the impact of regulation on business growth?
- What is the leading region/country? What is the expected growth rate of major regions during the forecast period from 2021 to 2028?
Fitness Apps Market: Growth Drivers
The growing importance of healthy lifestyle features such as personal training, activity tracking, yoga and meditation, diet and nutrition advice, and more. had a positive impact on the growth of the global fitness application market size. Additionally, the growing use of smartphones, tablets, and wearable devices is driving the growth of the global fitness apps market. Fitness apps allow people to achieve their healthy lifestyle goals with less cost and effort, which is the key factor predicted to increase the demand for software during the forecast period. An article published by the World Economic Forum in September 2020 indicates that downloads of fitness and health apps have increased by 46.0% worldwide.
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Global Fitness Apps Market: Scope of the Report
Market Size Value 2020
Market Outlook for 2029
Expected CAGR Growth
22.1% from 2021 to 2029
2022 – 2029
By type, by platform, by device, by region
Aaptiv, Adidas, Appinventiv, Applico, Appster, Asics Corporation, Azumio, Inc., Fitbit, Inc., Google LLC, Grand Apps, Lenovo Group Limited, MyFitnessPal Inc., Nike, Noom, Samsung Electronics Co., Ltd., TomTom International BV and Under Armour, Inc.
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Custom purchase options are available to meet your research needs.
Fitness Apps Market: Market Segmentation
- Information by type, platform, device and geographic region
Based on type, the workout and exercise apps segment dominated the global fitness apps market with the largest revenue share of over 50.0% in 2021. Indeed, fitness apps exercise and weight loss encourage users to exercise. By platform, the Android market segment is expected to lead the market with a strong growth of 22.4% over the forecast period. Factors that are expected to contribute to this growth include vast Android users across the Asia-Pacific region and developments in Android technology for smartphones. Based on devices, the smartphone market segment is expected to account for 60.9% in 2021 and is expected to maintain its dominance over the forecast period owing to the rapid growth of smartphone users globally.
In 2020, North America accounted for the largest market share in the global fitness industry and is expected to continue growing during the forecast period due to health issues such as obesity, respiratory problems, as well as growing health concerns due to COVID-19. 19 epidemic. Asia-Pacific is expected to register significant growth over the forecast period due to the spread of the COVID-19 pandemic which has led to increased investment in health and fitness. Moreover, an increase in the use of smartphones due to the increase in the disposable income of the people is also positively promoting the expansion of the industry in this region.
Browse all “Fitness Application Market Share, Size, Trends, Industry Analysis Report, by Type (Training & Exercise, Disease Management, Lifestyle Management, Nutrition & Diet, Medication Adherence); By platform; Per device; By region; Sector forecasts, 2021 – 2029 » Report to https://www.polarismarketresearch.com/industry-analysis/fitness-app-market
The market is majorly segmented on the basis of type, platform, device, and geographical region.
Fitness Apps Market: By Type
- Workout & Exercise Apps
- Disease management
- Lifestyle management
- Nutrition & Diet
- Medication adherence
Fitness Apps Market: By Platform Outlook
Fitness apps market: outlook by device
- Portable devices
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