Tuesday, April 16, 2019

Fitness App Market Size Estimated To Worth $14.7 Billion By 2026: Polaris Market Research

Fitness App Market Size Estimated To Worth $14.7 Billion By 2026: Polaris Market Research
Polaris Market Research
The new published report by Polaris Market Research, the global fitness app market is anticipated to reach USD 14.7 billion by 2026 growing at a CAGR of 24.3% from 2018 to 2026.

The Global fitness app market size is anticipated to reach over USD 14.7 billion by 2026, according to a new study published by Polaris Market Research. In 2017, the fitness and activity tracking segment dominated the market, in terms of revenue. North America is expected to be the leading contributor to the global fitness app industry during the forecast period. The report ‘Fitness App Market Share, Size, Trends, & Industry Analysis Report By App Type (Fitness and Activity Tracking, Diet and Nutrition); By Device Type (Smartphones, Tablets, Wearable Devices); By Gender; By OS Platform; By Region: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the prospects.

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A significant increase in the obese population, changing lifestyles, and increasing health concerns primarily drive the market growth.  Other driving factors include increasing occurrence of diseases associated with obesity, increasing disposable income, and increasing awareness regarding health and nutrition. The increase in obesity related diseases such as diabetes and hypertension along with sedentary lifestyles of consumers further propel the market growth. The number of memberships for health clubs and gyms has increased significantly over the years, further promoting the growth of fitness app industry. Increasing demand in developing nations, increasing penetration of mobile devices, and availability of high-speed internet services is expected provide numerous growth opportunities to the fitness app industry players during the forecast period.

A few major fitness apps available in the market include Runtastic Results, Calorie Counter & Diet Tracker, and Sweat, Kayla Itsines Fitness among others. Runtastic Results: Workout & Strength Training is offered by the Austrian company Runtastic. As part of the primary marketing strategy in fitness app industry, the company offers a wide range of portfolio with 20 different mobile apps running on all platforms. Runtastic was bought by Adidas in 2015 to increase its market share in the global fitness market industry. Sweat: Kayla Itsines Fitness is an app offered by The Bikini Body Training Company. This app provides nutrition recommendations and a series of aerobic exercises in the Bikini Body Guide (BBG) to practice at home.

fitness app Market (USD Billion) & Y-o-Y Growth(%)

Get Full Research Summary on Global Fitness App Market Analysis Available At:
https://www.polarismarketresearch.com/industry-analysis/fitness-app-market

In regards with the global fitness app market share, North America was in the forefront followed by Asia Pacific and Europe. The increasing population in the region coupled with high disposable income drives the market growth. The sedentary lifestyle of consumers in the region has encouraged them to adopt fitness apps to stay healthy and acquire proper nutrition. Asia-Pacific is expected to grow at the highest rate during the forecast period. Increasing disposable incomes in developing countries of this region, rising awareness and increasing health consciousness, growing presence of fitness centres, and growing penetration of smartphones further foster the growth of the fitness app industry in this region. 

The key companies profiled in the report fitness app market analysis includes MyFitnessPal Inc., Dom and Tom Tom, Motorola Mobility LLC, Grandapps, Fitbit, Azumio, WillowTree, Inc., ASICS, Under Armour, and Appster among others. These companies launch new products and collaborate with other market leaders bringing innovation to meet the increasing demand of consumers.

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Polaris Market Research has segmented the global fitness app market on the basis of type, platform, deployment, gender, and region:


Fitness App Type Outlook (Revenue, USD Billion, 2015 – 2026) 

  • Fitness and Activity Tracking
  • Diet and Nutrition
  • Others

Fitness App Platform Outlook (Revenue, USD Billion, 2015 – 2026)

  • Smartphones
  • Tablets
  • Wearable Devices

Fitness App Deployment Outlook (Revenue, USD Billion, 2015 – 2026)

  • Android
  • iOS
  • Windows
  • Others

Fitness App Gender Outlook (Revenue, USD Billion, 2015 – 2026)

  • Men
  • Women

Fitness App Regional Outlook (Revenue, USD Billion, 2015 – 2026)

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Belgium
    • Russia
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Korea
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Leading players in global Fitness App Market:

  • MyFitnessPal Inc.
  • Dom and Tom Tom
  • Motorola Mobility LLC
  • Grandapps
  • Fitbit
  • Azumio
  • WillowTree, Inc.
  • ASICS
  • Under Armour
  • Appster

 

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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