Fitness App Market was worth USD 6.48 Bn in 2022 and total revenue is expected to grow at a rate of 21.4 % CAGR from 2023 to 2029, reaching almost USD 25.19 Bn in 2029
Fitness App Market Overview:
The goal of this research is to provide an overview of the Fitness App market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading Fitness App players, as well as noteworthy industry trends and opportunities.
The analysis also focuses on the Global Fitness App market’s key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the Fitness App Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire Fitness App Market Size from a global perspective by analyzing historical data and prospects.
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Fitness App Market Scope:
The report also focuses on the leading industry players in the Global Fitness App market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
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Fitness App Market Dynamics:
The growth of a more prosperous middle class has resulted in a considerable increase in demand for fitness platforms. In numerous ways, technological advancement has revolutionised the fitness sector. The introduction of fitness apps has played a significant role in bringing fitness into the homes. Nutrition and diet applications aid in the design and execution of healthy eating programmes. The increased usage of mobile devices, the adoption of sports and fitness equipment for monitoring activities and heart rates, and the need for wearable fitness devices are some of the major drivers driving the worldwide fitness app market growth.
Fitness App Market Segmentation:
by Type
Exercise & Weight Loss
Diet & Nutrition
Activity Tracking
by Platform
Android
iOS
Others
by Device
Smartphones
Tablets
Wearable Devices
The market is divided into three types: exercise and weight loss, diet and nutrition, and activity tracking. Because of the increased prevalence of obesity, the exercise and weight loss category accounted for 54.7% of the market in 2022. According to the World Health Organisation, the prevalence of obesity increased between 1975 and 2022. Obesity claimed the lives of 8% of the world’s population in 2022, according to a study conducted by the Global Burden of Disease. Furthermore, rising public awareness of the unfavourable health consequences of obesity, such as diabetes, cancer, and cardiovascular disease, is predicted to fuel segment expansion. Exercise and weight-loss applications feature personal trainers, weight-loss logbooks, video audio lectures, a timer, and the ability to pair with other devices.
The market is divided by platforms like as Android, iOS, and others. iOS has the greatest revenue share of 52.6% in 2022. This segment’s growth is being driven primarily by increased consumer acceptance of iOS. Approximately 26% of iPhone, iPod, and iPad owners have installed the iOS 14 upgrade within five days of its release in September 2021. Furthermore, the expansion of the market is being propelled by an increase in the use of iOS devices. The number of active Apple device users increased from 1.4 billion in the first fiscal quarter of 2021 to 1.5 billion in the first fiscal quarter of 2021, according to Apple Inc. Fitness apps for iOS include Fitocracy, Strava, FitStar, Fooducate, MyFitnessPal, and Nike Training Club.
The market is divided into three segments: Smartphones, Tablets, and Wearable Devices. Smartphones had the largest revenue share of 67.6% in 2022. One of the key factors fueling this segment’s growth is an increase in global smartphone usage. In 2022, 65% of the world’s population will have a smartphone, with that figure predicted to climb to 75% by 2022. According to the Mobile Economy Survey 2021, 49% of the population utilised mobile phone devices to access the internet. The increased use of the internet on smartphones is aiding industry growth. The wearable devices segment is predicted to grow rapidly throughout the forecast period. Wearables are growing increasingly popular as people become more conscious of their health.
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Fitness App Market Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Fitness App market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Fitness App industry.
1. Fooducate
2. Google
3. Kayla Itsines
4. Myfitnesspal, Inc.
5. Nike
6. Noom
7. Adidas
8. Appster
9. Asics America Corporation
10. Azumio, Inc.
11. Fitbit, Inc.
12. Fitness keeper
13. Polar Electro
14. Under Armour, Inc.
15. Willowtree, Inc.
16. APPLICO INC.
17. Aaptiv Inc
18. Appinventiv
19. Samsung Electronics
20. Tom-tom
21. Lenovo
22. Grand Apps
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Fitness App market in these regions.
COVID-19 Impact Analysis on Fitness App Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Fitness App market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Fitness App Market Report are:
- What will be the CAGR of the Fitness App market during the forecast period?
- Which segment emerged as the leading segment in the Fitness App market?
- Which are the prominent players in the Fitness App market?
- What will be the Fitness App market size by 2027?
- Which company held the largest share in the Fitness App market?
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