Global Online/Virtual Fitness Market Forecast Analysis: As per the report published by Research Dive, the global online/virtual fitness market is projected to garner a revenue of $2,04,359.4 million and rise at a stunning CAGR of 34.6% over the analysis timeframe from 2022 to 2031.
Dynamics of the Global Online/Virtual Fitness Market
The increasing preference of individuals for choosing healthier lifestyles such as good diets, flexible activities, and better healthcare is expected to fortify the growth of the online/virtual fitness market over the analysis timeframe. Besides, the increasing demand for progressive fitness assemblies to acquire physical fitness and the rising demand for innovative and convenient fitness solutions among individuals are expected to propel the growth of the market during the forecast period. However, the high cost associated with advanced virtual fitness programs may hamper the growth of the market in the coming period.
The rising trend of exergaming platforms among individuals to develop their self-confidence, strength, and health is further expected to create extensive growth opportunities for the market during the forecast timeframe. In addition, virtual fitness platforms deliver a range of progressive fitness assemblies such as high-intensity interval training, strength training, and others which are expected to fuel the growth of the market over the estimated period.
Covid-19 Impact on the Global Online/Virtual Fitness Market
Though the outbreak of the Covid-19 pandemic has devastated several other industries, it has positively driven the online/virtual fitness market. This is mainly due to the increasing demand for virtual/online fitness platforms among individuals to maintain physical distancing and control the spread of the deadly virus. Moreover, many people have started adopting new technology to stay healthy and connected during the pandemic due to lockdowns and social distancing guidelines. All these factors have increased the growth of the market throughout the crisis.
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.