LONDON–(BUSINESS WIRE) – Technavio announces the release of its latest report on the interactive fitness market. The market is segmented based on end-users (non-residential and residential) and geographic regions (APAC, Europe, MEA, North America, and South America). The report provides an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches and market behavior in various segments.
Interactive Fitness Market: Key Findings
Interactive fitness market value is projected to increase by $ 4.81 billion over the period 2020-2024 with an annual growth rate of nearly 7%
64% of the market growth comes from North America in the forecast period
Based on the end user, the non-residential segment offers maximum opportunities for providers over the forecast period
The interactive fitness market is expected to have a negative impact due to the spread of COVID-19
Interactive fitness market: growth driver
People’s growing awareness of fitness and a healthy lifestyle is one of the main factors driving the market’s growth. The introduction of a sedentary lifestyle has increased the risk of developing various health conditions such as anxiety, obesity, type 2 diabetes, and osteoporosis in people. Also, hectic work schedules force people to participate in some form of fitness activity in order to stay healthy. This has increased the demand for various fitness activities including interactive fitness, thus driving the growth of the market.
“The acceptance of fitness initiatives by companies and the increasing preference for innovative and technically efficient fitness products will further stimulate market growth in the forecast period,” says a senior analyst at Technavio.
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Interactive fitness market: main provider
Axtion Technology LLC
Axtion Technology LLC operates in segments such as Axtion Tech, Beam, C4 Fitness, and others. The company offers a range of fitness games and fitness technology products, including the Active Game Wall, Moto Tiles, Reaction Pro Trainer, Reflexion Edge, Roxs Lights, SisyFox, and Sport Games Dance & Step.
Echelon Fitness Multimedia LLC
Echelon Fitness Multimedia LLC operates its business through the Unified segment. The company offers a range of connected exercise bikes, including Connect EX1, Connect EX3, Connect EX5, and Connect EX5S. Smart mirrors like the Echelon Reflect 40 “and the Echelon Reflect 50” Touch. It features a smart rowing machine called the Echelon Smart Rowing Machine. The company also offers live streaming fitness classes on-demand as part of its FitPass program.
eGYM Inc. operates its business through the Unified segment. The company offers a range of fully electronic training devices for all major muscle groups. It offers the Abdominal Crunch Machine (M2), Back Extension Machine (M3), Seated Row Machine (M6), Lat Pulldown Machine (M7), Rotary Torso Machine (M12) and Reverse Fly Machine (M14) to train the abdomen and back .
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