About Digital Fitness
Digital fitness In a universe of consistent time pressure, more individuals will download exercises on their devices so they can practice anyplace whenever the timing is ideal. Digital wellness tracks with the standards of computerized wellbeing, which includes utilization of data and correspondence advance to help address the medical issues and wellness challenges looked by individuals. The computerized wellness market is set apart by mechanical advancements that permit a person to screen their wellness levels. This market has seen a checked development because of an expanded accentuation to wellbeing among the millennial populace.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global Digital Fitness market is fragmented due to the presence of regional and global manufacturers. The level of competition among the companies in the Digital Fitness market is intense and manufacturers focus on developing new technologies and offering customized products to the customers. In the coming years, manufacturers will also develop new partnerships to spread their product reach to more customers globally. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Fitness market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fitbit (United States), Garmin (United States), Apple (United States), Samsung Electronics (South Korea), Adidas (Germany), Jawbone (United States), LG Electronics (South Korea), Honor (China), Xiaomi Inc. (China) and Motorola/Lenovo (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Fitness market by Type (Hand Wear, Leg Wear, Head Wear and Others), Application (Commercial and Household) and Region.
On the basis of geography, the market of Digital Fitness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Device types, the sub-segment i.e. Smartwatch will boost the Digital Fitness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wearable, the sub-segment i.e. Head-wear will boost the Digital Fitness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Technological Advancement And Innovation, Such As Connected Equipment And Gear, Workout Apps And At-Home Fitness Technology
Market Growth Drivers:
Growing commercialization and increasing awareness among consumers is also likely to boost the growth and Growing consciousness about personal fitness management is also expected to positively influence market demand.
Challenges:
Huge Cost Associated with Digital Fitness Products
Restraints:
Introduction and the increased competition among the player
Opportunities:
The introduction of sensors for the tracking of the data is one of the key factors which is likely to boost the opportunities of growth of the market
Market Leaders and their expansionary development strategies
In May 2019, Apple United States-based company announced their new acquisition with digital health startup Tueo Health.
In August 2020, United States-based ClassPass has introduced a new platform for digital fitness platform named PT session. It helps for personal training sessions, book digital training sessions with qualified personal trainers.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Fitness Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.