Global Online Workout Subscriptions Market Overview:
Online workouts are altering the way people think about fitness. Instead of lining up early at the gym to secure a spot in a favorite HIIT class or rushing to work, they offer users the option of taking classes live or on-demand. Variety, multiple class levels, experienced instructors, affordable subscription plans, free trials, and minimal equipment are all features of the best online exercise classes. Online workout subscriptions allow to work out from the comfort of own home. There are digital fitness subscriptions for every type of workout these days, from boxing to barre. Online workout subscriptions, which are built on the premise of making it easy to workout whenever and wherever want, provide on-demand access to countless fitness classes that can be viewed on phone, tablet, computer, laptop and TV.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Nike, Inc. (United States), Daily Burn (United States), obé fitness (United States), P.volve (United States), Glo (United States), The Bloom Method (United States), Barre3 (United States), TRACY ANDERSON (United States), Boxx (United Kingdom) and Beachbody, LLC (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing Awareness about Exercise to Maintain Weight and Fitness
- Increasing Adoption of Smart Phones and Technologies across the Developing Economies among the Individuals
Roadblocks
- Lack of Proper Internet Connectivity in Some Areas can Create Hurdles for the Streaming
- Absence of Instructor for Correcting Form or Technique
Opportunities
- Increase in Essential for Advanced Fitness Sessions to Achieve Physical Fitness
- Rising Number of Overweight Population
Challenges
- Lack of Motivation an Individual Can Get Distracted Easily
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Nike, Inc. (United States), Daily Burn (United States), obé fitness (United States), P.volve (United States), Glo (United States), The Bloom Method (United States), Barre3 (United States), TRACY ANDERSON (United States), Boxx (United Kingdom) and Beachbody, LLC (United States). Considering Market by Class Duration, the sub-segment i.e. 5 Minutes will boost the Online Workout Subscriptions market. Considering Market by Platform, the sub-segment i.e. Smartphone will boost the Online Workout Subscriptions market. Considering Market by Level, the sub-segment i.e. Beginner will boost the Online Workout Subscriptions market. Considering Market by Workout Type, the sub-segment i.e. Yoga will boost the Online Workout Subscriptions market.
On 19 October 2021, Leading digital fitness platform Daily Burn is thrilled to declare its newest arrival: Baby Bump & Beyond: Your Guide to Pregnancy as well as Postpartum Fitness, a program designed to support women in specific stages of pregnancy, from second trimester to postpartum.
What Can be Explored with the Online Workout Subscriptions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Workout Subscriptions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Workout Subscriptions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Workout Subscriptions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Workout Subscriptions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Online Workout Subscriptions Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.