Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Interactive fitness is a part of the fitness program and follows along with the principles of group health fitness. It involves the use of information and communication technologies to help address the health problems and fitness challenges faced by people. Interactive fitness equipment is a machine required for physical exercise to control and maintain overall weight, improve physical stamina, and develop muscular strength. The demand for interactive fitness equipment has increased substantially, due to an increase in health awareness, and physical exercise is advised during certain medical treatments. The most commonly used fitness equipment includes elliptical, treadmills, stationary bicycle weightlifting machines &strength building machines, and many others.
The interactive fitness market is experiencing a substantial growth owing to increasing health awareness among the people. Moreover, the increasing number of fitness centers and health clubs is adding fuel to the market. Also, the growing popularity of virtual fitness training is adding up to the market growth. The increasing sedentary lifestyle is responsible for spreading health related problems including obesity and diabetes. For instance, In the United states, almost 36.5% pf adults are obese. Long working hours have created a need for exercise. Also, the technological advancement and ease of availability of the products is contributing to the market growth. In addition to this, the rising standard of living among the people and rising disposable income is thought to upsurge the market. However, the high costs associated with interactive fitness equipment may hamper the growth of the market.
The outbreak of COVID19 had a significant impact on every market including interactive fitness market. All of the gym’s and fitness centers were closed due to lockdown and stringent rules imposed by the government. This increased the demand for various interactive fitness equipments and were installed in house. Also, the need and awareness of health fitness increased the demand for the market. Therefore, there was a positive impact on interactive fitness market.
Globally, the interactive fitness market is segmented based upon the product and applications.
Based on products, the market is segmented into interactive fitness equipments and software systems. Among these, the interactive fitness equipment segments dominate the market and holds the largest share owing to increasing adoption of these equipments. Moreover, the increasing awareness and concern about the health is adding fuel to this segment growth.
Based on applications, the market is segmented into residential and non- residential. Among these, the residential segment holds the largest market share and is anticipated to grow more over the forecast period owing to growing urban population and their needs to meet the fitness goals. Also, the enhanced internet accessibility is anticipated to upsurge the market.
The various regions studied across the globe are North America, Europe, Asia Pacific and rest of the world. Among these regions, the North America holds the largest share for interactive fitness owing to increasing awareness among the people in the region, increasing patients with diabetes and obesity. Also, the availability of advanced digital devices is adding fuel to the market. Followed by North America are Europe and Asia Pacific. Europe is witnessing significant growth owing to increasing number of fitness centers and health club. Asia pacific is anticipated to show considerable growth during the forecast period.
The various key players acting in the market are Axtion Technology LLC, Echelon Fitness LLC, eGym GmbH, Interactive Fitness Holdings LLC, Motion Fitness LLC, Nautilus Inc., Nexersys Corp, Peloton Interactive Inc., SMARTfit Inc., Tonal Systems Inc.
Interactive fitness is a part of the fitness program and follows along with the principles of group health fitness. It involves the use of information and communication technologies to help address the health problems and fitness challenges faced by people. Interactive fitness equipment is a machine required for physical exercise to control and maintain overall weight, improve physical stamina, and develop muscular strength. The interactive fitness market is experiencing a substantial growth owing to increasing health awareness among the people. Moreover, the increasing number of fitness centers and health clubs is adding fuel to the market. Also, the growing popularity of virtual fitness training is adding up to the market growth. The increasing sedentary lifestyle is responsible for spreading health related problems including obesity and diabetes. For instance, In the United states, almost 36.5% of adults are obese. Long working hours have created a need for exercise. Also, the technological advancement and ease of availability of the products is contributing to the market growth.
Globally, the interactive fitness market is segmented based upon the product and applications. Based on products, the market is segmented into interactive fitness equipments and software systems. Among these, the interactive fitness equipment segments dominate the market and holds the largest share owing to increasing adoption of these equipments. Based on applications, the market is segmented into residential and non- residential. The various regions studied across the globe are North America, Europe, Asia Pacific and rest of the world. Among these regions, the North America holds the largest share for interactive fitness owing to increasing awareness among the people in the region, increasing patients with diabetes and obesity. Also, the availability of advanced digital devices is adding fuel to the market. Followed by North America are Europe and Asia Pacific.
The various key players acting in the market are Axtion Technology LLC, Echelon Fitness LLC, eGym GmbH, Interactive Fitness Holdings LLC, Motion Fitness LLC, Nautilus Inc., Nexersys Corp, Peloton Interactive Inc., SMARTfit Inc., Tonal Systems Inc.
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