Virtual Fitness Market Expected to Garner a Revenue of $59,650.3 million by 2027 at a CAGR of 33.5% during the Forecast Period, 2020-2027 - Exclusive Report [251 pages] by Research Dive

According to the report, the Global Virtual Fitness Market is anticipated to generate a revenue of $59,650.3 million at a CAGR of 33.5% during the projected period, 2020-2027.

Regional Analysis

North America virtual fitness market is expected to dominate the market during the forecast period. The regional market generated a revenue of $2,291.9 million in 2019, and is further projected to surpass $20,173.7 million by the end of 2027. The reason behind this growth is mainly attributed to the growing demand of innovative fitness platforms due to its convenience and comfort.

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Highlights of the Report

The report has divided the market into different segments based on streaming type, session type, device type, revenue model, end-user, and regional analysis.

Dynamics of the Market

Researches have shown that the popularity of virtual fitness programs has been skyrocketing worldwide in recent years because of its convenience and comfort. Moreover, increasing rate of obesity in the school and college students has increased the demand of regular workout. These are the factors behind the growth of the global virtual fitness market.

Lack of awareness regarding the innovative virtual exercise classes is expected to be the major restraining factor behind the market growth during the upcoming years.

The latest trend of exergaming in the fitness sphere is expected to create many opportunities for the market in the long run.

Top 10 Key Players of Virtual Fitness Market

The leading players of the global virtual fitness market include

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and recent strategic developments.  For instance, in August 2020, ClassPass partnered with Fyt, one of the largest personal training services, in order to emphasize on live streamed virtual personal training sessions.  Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages]

Impact of COVID-19 on the Virtual Fitness Market

The coronavirus outbreak has impacted the global virtual fitness market in a positive way. During the worldwide lockdown period, the health conscious people got used to workout in their own homes with virtual or online programs. The fitness startups recorded significant rise in consumer numbers during the Covid-19 crisis.

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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.

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