Fitness Apps Market Expected to Grow to USD 156.82 Billion | Market Share, Trends, Growth Analysis and Forecast 2030

ByLance T. Lee

Apr 18, 2022

Fitness Apps Market Research Report: Insights by Type (Workout & Exercise Apps, Disease Management, Lifestyle Management {Sleep Tracking & Period & Ovulation Tracking}, Nutrition and Diet, Medication Adherence, and Other {Meditation and Brain Training Apps}), by Platform (Android, iOS, and Windows), by Device Type (Smartphones, Tablets, and Wearables) – Forecast to 2030

Fitness Apps Market Research Report – Forecast to 2030

Market Highlights

the fitness app market will reach USD 156.82 billion at a CAGR of 27.8% by 2030, according to the latest Market Research Future report.

The implementation of AI, technological advancements and constant R&D have increased the need for online training schemes that will provide strong market opportunities over the forecast period.

Drivers and Restrictions

Growing Use of Wearable Devices to Drive Market Growth

The growing use of handheld devices, tablets, and smartphones will drive the market growth over the forecast period. Fitness is becoming more and more popular in developing and underdeveloped countries. This is mainly due to the rapid advancement of smart and IoT devices such as wearables, smartphones, and tablets. There are also a variety of fitness apps that can be used on smartphones to help people track their physical activity. Accordingly, the growing use of wearable devices, smartphones and tablets is expected to drive the growth of the fitness application market in the coming years. Moreover, these devices allowed people to exercise without having to go to the gym, and they could do it at any time. This is also considered to accelerate the expansion of the fitness application market over the forecast period.

High cost to stay as market restriction

High cost of developing apps and fitness trackers and high upfront investments for technology upgrades along with changing consumer preferences and techniques may pose challenges for the market during the forecast period .

Technical issues to act as market challenge

Technical issues and concerns over data security and stringent regulations may pose challenges for the market during the forecast period.

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Segmentation:

Fitness apps market is split based on device type, platform and type.

By type, workout and exercise apps will dominate the market over the forecast period.

By platform, iOS will dominate the market over the forecast period.

By device type, smartphones will take the lion’s share of the market over the forecast period.

COVID-19 analysis

The COVID-19 outbreak has wreaked havoc on the fitness industry, particularly gyms and physical fitness studios, shutting down a number of locations and inflicting massive financial losses worldwide. As a result, the growth of home fitness apps has accelerated. Fitness app makers have cultivated strategic partnerships with tech companies to generate more premium workout content at the start of potential. They have increased their spending on developing cutting-edge applications. Virtual workouts will continue to be an important part of routines beyond COVID, industry experts say, even as some gyms and physical fitness facilities open. The adoption of hybrid e-gym/brick-and-mortar models is expected to continue once the pandemic passes. Moreover, with the lifting of the lockdown in countries around the world, the demand for products is expected to increase.

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Regional analysis

North America will precede the fitness app market

North America will lead the fitness apps market during the forecast period. The fitness app market share in the region is increasing owing to factors such as growing health awareness and large number of fitness enthusiasts. In addition, the proliferation of wearables and smartphones such as fitness bracelets, smart watches, smart rings, etc. is having a beneficial impact on the growth of the fitness application market in the region. In North America, the United States has the largest market for fitness apps. The United States is one of the largest smartphone markets in the world, with the highest smartphone penetration rate. Additionally, the presence of prominent fitness app vendors such as Fitbit, along with the growing popularity of smartphones for activity tracking, is helping to drive the expansion of the market. During the research period, the US fitness apps market is expected to grow at a CAGR of 27.56%.

Key players

Prominent market players profiled in the Global Fitness Apps Market report include Samsung Electronics Co., Ltd (South Korea), Google LLC (USA), TomTom International BV (Netherlands), Nike, Inc (US), Lenovo Group Limited (China), Adidas AG (Germany), Wahoo Fitness (US), Under Armour, Inc. (US), Azumio Inc. (US), Grand Apps (USA) and Asics Corporation (Japan).

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Fitness Apps Market Research Report: Insights by Type (Workout & Exercise Apps, Disease Management, Lifestyle Management {Sleep Tracking & Period & Ovulation Tracking}, Nutrition and Diet, Medication Adherence, and Other {Meditation and Brain Training Apps}), by Platform (Android, iOS, and Windows), by Device Type (Smartphones, Tablets, and Wearables) – Forecast to 2030

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