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Fitness App Market

The global Fitness App Market size was valued at USD XX billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.6% from 2021 to 2027.

Latest added Fitness App Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Google LLC (US), Samsung Electronics Co., Ltd (South Korea), TomTom International BV (The Netherlands), Lenovo Group Limited (China), Nike, Inc. (US), Adidas AG (Germany), Under Armour, Inc. (US), Wahoo Fitness. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

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This report studies the Fitness App Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Fitness App Market by companies, region, type and end-use industry.

Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Fitness App Market, By Function (Activity Tracking, Diet and Nutrition, Workout or Exercise), Type (Altruistic Fitness Apps, Competitive Fitness Apps, Fitness-Tracking Apps, Social Fitness Apps, Workout Fitness Apps), Platform (Android, iOS), Device (Smartphones, Tablets, Wearable Devices) and Geography – Global Forecast to 2027”. Early buyers will get 10% customization on study.

To Avail deep insights of Fitness App Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in Fitness App Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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Report Overview

The spread of the COVID-19 pandemic resulted in nationwide lockdowns and social distancing norms. This has led to a transition to virtual fitness from traditional studios and gyms. This, in turn, has increased the downloads and usage of fitness apps. According to an article published in the World Economic Forum in September 2020, the global downloads of fitness and health apps increased by 46%. This increased usage rate of fitness apps due to a growing trend of online fitness training is driving the market globally. The growing awareness regarding health and wellness is also driving the market.

In addition, the COVID-19 pandemic has increased the awareness pertaining to health and hygiene. The Daily Active Users (DAUs) on fitness apps increased by 24% from quarter 1 to quarter 2 of 2020, according to an article published in the World Economic Forum in September 2020. In addition, studios and gyms are increasing their online presence. Many consumers are investing in home fitness equipment. For instance, sales of Peloton, the U.S.-based exercise equipment company, are estimated to double in 2020.

Fitness apps utilize artificial intelligence, machine learning, and other technologies to provide personalized fitness programs to their customers. They also offer no equipment workout routines, personalized diet charts, monitor diet, track footsteps, and also provide personalized health coaches. Such advantages are increasing the growth potential of the market. For instance, MyFitness Pal (MFP) provides personalized diet tracking and activity tracking to its customers. The revenue of this app was USD 6.7 million in June 2020.

Increasing penetration of smartphones is a major factor driving the market. According to the Mobile Economy Survey 2018, smartphone penetration is estimated to reach 77% by 2025 from 57% in 2017. Moreover, unique mobile subscribers are expected to reach 5.9 billion by 2025, according to the Mobile Economy 2018 survey. Furthermore, the rising adoption of wearable devices, such as the Apple Watch and Fitbit, is supporting the market growth.

COVID19 fitness app market impact: 53.2% increase in revenue

Pandemic Impact Post COVID Outlook
The fitness app market grew by 53.2% from 2019 to 2020, as per earlier projections the market was expected to be over USD 2.8 Billion in 2020. In 2021 the market will witness a slight decline of 9.8% as compared to 2020, before resuming its growth trajectory by mid-2022.
Temporary closure of gyms and fitness centers due to COVID-19 pandemic increased downloads of online fitness apps. Trends such as virtual trainers, live workouts, AI personalized diet & workout plans, movement recognition & machine learning technologies, daily progress tracking and social sharing of locations are gaining traction.
Increasing number of fitness centers offering virtual classes through apps supported market growth. Increasing investment in this industry by capital venture and investment firms will help sustain the growth trajectory of this market.

 

Key players are introducing fitness apps in order to cater to the growing consumer demand, which is projected to drive the market globally. Moreover, new functions and features are added to enhance the customer experience. For instance, in June 2020, HealthifyMe, a health and nutrition app, launched HealthifyMe Studio to provide live and interactive workouts. The number of participants was limited to 30 in order to increase overall customer engagement. In December 2020, Apple introduced Fitness+ for Apple TV, iPhone, and iPad. The Fitness+ platform will have 10 different workout types, including Core, High-Intensity Interval Training, Strength, Dance, Yoga, Cycling, Rowing, Treadmill, and Mindful Cooldown.

Many capital venture and investment firms are investing in the fitness app sector. For instance, Fittr, a fitness app, raised USD 2 million in April 2020. In addition, many footwear companies such as Adidas, Nike, and Under Armour are investing in health apps and tracking systems. For instance, Nike Inc. has apps: Nike Training Club and Nike+Run. This, in turn, is positively impacting the growth of the market.

Type Insights

The exercise and weight loss segment held the largest share of 54.7% in 2020 owing to the increasing instances of obesity. As per the World Health Organization, obesity prevalence tripled between 1975 and 2016. According to a study conducted by the Global Burden of Disease in 2017, 8% of the global population died due to obesity. Moreover, rising awareness regarding the health impacts of obesity, including diabetes, cancer, and cardiovascular diseases, is projected to bolster the segment growth. Exercise and weight management apps provide a personal trainer, logbooks for weight monitoring, video audio guides, timer, and the ability to pair with other devices. Moreover, due to COVID-19, people are opting for virtual fitness lessons to follow social distancing norms, thereby driving the segment. According to Curefit, a health tech company based in India, its online fitness platform, Cult.Live witnessed a 3 times increase in the amount of time spent by its users.

The activity tracking segment is expected to witness the fastest growth over the forecast period. This is attributed to the growing demand for wearable health tracking systems and the launch of new activity tracking devices. For instance, Fitbit launched wearables from USD 70 to USD 160 for providing affordable activity trackers in March 2019. Moreover, activity tracking apps introduced by different sports footwear companies, such as Runtastic by Adidas and Runkeeper by Asics, are supporting the growth of this segment.

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:
  • Competitive benchmarking
  • Historical data & forecasts
  • Company revenue shares
  • Regional opportunities
  • Latest trends & dynamics

Platform Insights

By platform, iOS accounted for the largest revenue share of 52.6% in 2020. An increase in the adoption of iOS among consumers is a major parameter contributing to the growth of this segment. Approximately 26% of the iPhone, iPod, and iPad users adopted the iOS 14 update within five days of its release in September 2020. Moreover, growth in the adoption of devices, which use iOS, is fueling the segment growth. For instance, the active Apple device users increased from 1.4 billion in the first fiscal quarter of 2019 to 1.5 billion in the first fiscal quarter of 2020, according to Apple Inc. Fitness apps available for iOS include Fitocracy, Strava, FitStar, Fooducate, MyFitnessPal, and Nike Training Club.

The Android segment is expected to grow at a significant rate of 22.7% over the forecast period. This is attributed to the high usage rates of Android smartphones. In May 2017, there were more than 2 billion active Android users. In 2019, there were 2.5 billion monthly active Android users. Moreover, Android runs on more than 24,000 devices. Fitness apps available for the Android platform include Google Fit, Runstastic, MyFitnessPal, Sworkit, and Leap Fitness Workout Apps.

Device Insights

On the basis of devices, smartphones accounted for the largest revenue share of 67.6% in 2020. An increase in the penetration of smartphone users globally is a major parameter contributing to the growth of this segment. The global adoption of smartphones in 2019 was 65%, which is estimated to surge to 75% in 2022. In addition, 49% of the population utilized the internet on their mobile phone devices, according to the Mobile Economy Survey 2018. Increasing usage of the internet on smartphones is contributing to the segment growth.

The wearable devices segment is expected to grow at a significant rate over the forecast period. The growing consumer health consciousness and increasing prevalence of lifestyle diseases, such as diabetes and obesity, are boosting the demand for wearables. Wearable devices offer features such as long battery life, wireless connection, and mobile phone integration. Companies are introducing wearable devices for tracking and maintaining health and wellness, which, in turn, is positively driving the segment. For instance, in April 2020, Xiaomi launched a new fitness tracker in China.

Regional Insights

In 2020, North America accounted for the largest revenue share of 34.9%. This is attributed to increasing awareness about health and the high adoption rate of fitness apps. The usage of fitness apps rapidly increased during the COVID-19 pandemic. During the COVID-19 related lockdown, 74% of the Americans used at least one fitness app, according to a survey conducted by Freeletics, a provider of artificial intelligence-based fitness and lifestyle training. Moreover, 60% of them are planning to cancel gym memberships.

Asia Pacific is anticipated to be the most lucrative regional market during the forecast period. Key factors such as growing smartphone penetration, rising health awareness, and an increase in the penetration of fitness apps are driving the market in Asia Pacific. Moreover, during the COVID-19 pandemic, the region saw a significant increase in the downloading of fitness apps. According to an article published in the World Economic Forum, the health and fitness app downloads increased by 157% in India, which is equivalent to 58 million new users. Health and fitness app downloads increased by 47% in Asia Pacific.

Key Companies & Market Share Insights

Key players are taking up strategies such as product launches, investments, collaborations, partnerships, and mergers & acquisitions to gain a greater market share and increase their presence. They are launching new products owing to a rise in investment and funding. For instance, in July 2020, Balderton Capital, a venture capital firm based in London, U.K., invested USD 2.5 million in 8fit, a fitness app company based in Berlin. Some prominent players in the global fitness app market include:

  • Adidas
  • Fitbit, Inc.
  • Appster
  • Azumio, Inc.
  • MyFitnessPal Inc.
  • Applico
  • FitnessKeeper
  • Aaptiv
  • Nike
  • Noom
  • Under Armour, Inc.
  • Appinventiv

Fitness App Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2027. For the purpose of this study, MarketDigits has segmented the global fitness app market report on the basis of type, platform, device, and region:

Type Outlook (Revenue, USD Million, 2021 – 2027)

  • Exercise & Weight Loss
  • Diet & Nutrition
  • Activity Tracking

Platform Outlook (Revenue, USD Million, 2021 – 2027)

  • Android
  • iOS
  • Others

Device Outlook (Revenue, USD Million, 2021 – 2027)

  • Smartphones
  • Tablets
  • Wearable Devices

Regional Outlook (Revenue, USD Million, 2021 – 2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

An appropriate utilization of recognized statistical tools & coherent models for analysis & forecasting of market data makes this Fitness App report outshining. The report is generated by keeping in mind businesses of all sizes. Fitness App market research report solves the problem of time consuming processes of acquiring market info very easily & quickly. You can take your business to the highest level of growth with this all-inclusive Fitness App market research report. Clients can reveal best opportunities to be successful in the market with an excellent practice models & method of research used while generating this Fitness App report.

Some key points of Global Fitness App Market research report:
Business Description – A detailed Overview of the Fitness App Industry.
Telescopic Outlook – The Global Fitness App Market 2020/2021 report offers product overview, Fitness App share, supply chain analysis, demand and supply ratio and import/export details.
Market Dynamics – Readers are provided with comprehensive analysis of market challenges, influence factors, drivers, opportunities, and trends.
Development and Strength –In continuation using proceeds, this section studies utilization, and global Fitness App market. This area also focuses on export and Fitness App relevance data.
Key Competitors – Fitness App Market leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Major Products – Generation of this Global Fitness App Industry is tested about applications, brands, services, and products of the company, types, and regions along with cost survey of competitors that are included.

Readability – Fitness App market report includes graphical representation of data in the form of tables, graphs, and pie-charts that makes the report highly readable and easy to understand.
Expert Analysis – Fitness App market analysis apart from business, the data, and supply, contact information from producers, customers, and suppliers can also be provided. Besides, the study includes outcomes of various analysis like SWOT analysis, PEST Analysis, PORTERS Analysis etc.

Table of Contents: Fitness App Market

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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