Axtion Technology LLC, Echelon Fitness Multimedia LLC, EGYM Inc., to become key players in the interactive fitness market

Growing awareness of fitness and healthy lifestyle to drive the growth of the market.

  • There is a high risk of health problems such as anxiety, obesity, type 2 diabetes and osteoporosis due to adopting a sedentary lifestyle, busy work schedules and having to ‘a lack of physical activity.
  • These problems further encouraged and forced people to undertake some form of exercise on a daily basis to prevent health related disorders. Thus, the growing awareness of the importance of a healthy lifestyle has resulted in an increase in demand for various fitness activities including interactive fitness.
  • Additionally, interactive fitness products provide better flexibility to consumers, which in turn can help prevent major body injuries and muscle soreness. In addition, social media platforms, including Twitter and Facebook, help raise awareness of healthy living and ways to achieve it through various fitness and workout activities, such as interactive fitness.

View Interactive Fitness Market Overview for more information on the main driving parameters

Lack of awareness and market penetration in emerging economies to hamper growth.

  • Tier 2 and 3 cities in emerging countries face challenges such as a lack of knowledge about the latest interactive fitness products and a dearth of trainers who can guide people on the latest types of interactive fitness products available at. the market.
  • In addition, the lack of well-established infrastructure and poor knowledge of interactive fitness products limit both the production and adoption of such equipment. In addition, price awareness among people is a major challenge that limits the adoption of various technically advanced interactive fitness equipment and products.

The non-residential segment accounted for the largest interactive fitness market share in 2020.

  • Based on the end user, the interactive fitness market is categorized into non-residential and residential segments. In 2020, the non-residential end-user segment held the largest share, mainly due to the growing popularity of the use of interactive fitness in major corporate offices, public recreation centers, shopping malls, gyms. and amusement parks.
  • The non-residential segment is expected to grow at a high rate during the forecast period, owing to the growing demand for interactive fitness from commercial office buildings and hospitality establishments, especially in North America.
  • The growth of the hospitality industry has created significant opportunities for interactive fitness providers to expand their customer base in the commercial end user segment.

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North America emerges as the fastest growing regional segment.

  • On the basis of geography, the interactive fitness market is segmented into North America, Europe, APAC, South America, and MEA. In 2020, North America has become the largest revenue-generating region in the interactive fitness market due to the presence of a well-developed health and fitness industry.
  • By 2025, North America will account for a 63% contribution to the overall market growth due to the high prevalence of obesity and diabetes in the United States. Factors such as sedentary lifestyles and unhealthy eating habits of consumers have led to an increase in the incidence of diabetes and other chronic health problems. This has further accelerated health care costs in the United States.
  • As a result, there has been an increase in gym memberships by fitness enthusiasts. Rising health awareness and increasing government initiatives to encourage fitness activities are among the major growth factors of the market in the country.

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Analysis of eminent players

  • The interactive fitness market is fragmented and vendors are deploying growth strategies such as acquiring new brands to compete in the market. Market sellers focus on growth prospects in fast growing segments, while maintaining their positions in slow growing segments.
  • The Interactive Fitness Market report offers insights into several market players including Axtion Technology LLC, Echelon Fitness Multimedia LLC, EGYM Inc., Evervue United States Inc., Motion Fitness LLC, Nautilus Inc., Nexersys Corp., Paradigm Health and Wellness Inc., Peloton Interactive Inc. and TECHNOGYM Spa, among others.
  • Market players compete on the basis of different factors including price, quality, brand and variety, and follow different strategies to increase their market share. Acquiring new brands will provide the major market players with an opportunity to maintain their dominance during the forecast period.

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Scope of the interactive fitness market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of nearly 8.41%

Market growth 2021-2025

$ 6.88 billion

Market structure

Fragmented

Annual growth (%)

7.01

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 63%

Main consumer countries

United States, Canada, United Kingdom, Germany and France

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Axtion Technology LLC, Echelon Fitness Multimedia LLC, EGYM Inc., Evervue USA Inc., Motion Fitness LLC, Nautilus Inc., Nexersys Corp., Paradigm Health and Wellness Inc., Peloton Interactive Inc. and TECHNOGYM Spa

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

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