GITNUX MARKETDATA REPORT 2024

Online Fitness Industry Statistics [Fresh Research]

With sources from: grandviewresearch.com, mckinsey.com, statista.com, sensortower.com and many more

According to our research, the online fitness industry has seen remarkable growth, with a surge in users, revenue, and innovation. Market Data Report unveils a plethora of insights: from the surge in virtual personal training to the rise of wearable technology. Surprisingly, over 80% of fitness stud

Statistic 1

"Approximately 40% of fitness technology investment has gone into online fitness platforms since 2019."

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Statistic 2

"58% of online fitness platform users are aged between 25 and 44 years old."

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Statistic 3

"74% of online fitness users report participating in live-streamed classes once a week as of 2021."

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Statistic 4

"The online fitness industry in North America accounted for the largest share in 2020, with a revenue of approximately USD 1.5 billion."

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Statistic 5

"Due to the COVID-19 pandemic, there was a 50% increase in the number of people using online fitness platforms in 2020."

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Statistic 6

"The average monthly subscription fee for an online fitness platform is around USD 15-20."

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Statistic 7

"Over 80% of fitness studios have incorporated online classes into their offerings."

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Statistic 8

"87% of fitness enthusiasts who started online fitness during the pandemic plan to continue using these services post-pandemic."

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Statistic 9

"Wearable technology revenue in the online fitness sector reached USD 23 billion in 2020."

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Statistic 10

"Subscription-based revenue models dominate the online fitness market with more than 75% share."

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Statistic 11

"65% of fitness enthusiasts prefer online workouts because they eliminate the need to travel to a gym."

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Statistic 12

"Virtual personal training sessions grew by over 80% in 2020 compared to 2019."

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Statistic 13

"The number of live fitness streaming sessions on YouTube increased by 190% between March and December 2020."

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Statistic 14

"Peloton, a popular online fitness platform, saw a 66% increase in revenue during the fiscal year 2020."

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Statistic 15

"The online fitness industry in Asia-Pacific is projected to grow at the highest CAGR during the 2021-2028 period."

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Statistic 16

"The global online fitness market size was valued at USD 6.04 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 33.1% from 2021 to 2028."

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Statistic 17

"In 2021, over 60% of global fitness club operators surveyed were considering offering on-demand and live streaming classes."

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Statistic 18

"Mobile fitness apps generated over 400 million downloads globally in the first half of 2021."

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Statistic 19

"A survey in 2021 showed that 70% of respondents benefited from virtual fitness classes due to flexibility and convenience."

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Statistic 20

"Digital fitness influencer collaborations increased by 35% in 2021 over the previous year."

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Interpretation

The rapid growth of the online fitness industry is evident through various statistics. Notably, the surge in online fitness technology investment, with 40% directed towards platforms since 2019, showcases strong investor confidence. The shift towards virtual fitness is underscored by the 50% increase in platform users in 2020 due to the pandemic. Surprisingly, over 80% of fitness studios have integrated online classes, reflecting adaptability. The dominance of subscription-based revenue models,

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