The globe Home Fitness App Market is expected to reach ~$ 26 billion by 2030 and expand at a CAGR of ~21% from 2020 to 2030 based on sales. According to the report, North America was a significant contributor to the home fitness apps market as measured by sales in 2019. The region’s outstanding market share is due to the high acceptance of home fitness apps and technological advances in fitness and healthcare, particularly in the US and Canada. The Asia-Pacific home fitness apps market is expected to grow at a high CAGR over the forecast period.
Growing adoption of smart devices to fuel the home fitness app market
Technology plays a crucial role in fitness. The increasing acceptance of intelligent devices such as smartphones, smartwatches and wearable fitness trackers in developing and industrialized countries should fuel the market for home fitness apps in the forecast period. Home fitness services or applications that require a smart and easy-to-use user interface (e.g., smartphones, tablets, and portable devices) and a high-speed network for quick access are seeing a surge in demand fronts due to technological developments in both areas. Therefore, the increasing adoption of smartphones and high-speed networks is expected to drive the home fitness app market over the forecast period.
Home Fitness App: Market Segmentation
The global home fitness app market has been segmented by type, platform, device, and region. Based on the Type, the Home Fitness Apps Market has been divided into Diet & Nutrition, Activity Tracking, Training & Exercise, Lifestyle Management, and others (Meditation & Yoga, etc.). The Workout & Exercise segment dominated the global home fitness app market in 2019 and is expected to maintain its dominance over the forecast period.
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Based on the platform, the home fitness apps market has been divided into Android and iOS. The iOS segment is expected to have a leading share in the global home fitness apps market. The segment is expected to continue its dominance in the years to come. Based on the device, the home fitness apps market has been divided into smartphones, tablets, and wearables.
Home Fitness App Market: Regional Outlook
In terms of region, the global Home Fitness Apps market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. North America is expected to dominate the home fitness app market during the forecast period. The US is expected to lead the North American home fitness app market. This is primarily due to the presence of established and technologically advanced players in the region.
During the COVID-19 pandemic, the user base or installed base of fitness and medical apps in the United States increases significantly. In addition, the average weekly time per user spent on fitness apps in the US is increasing significantly and is expected to expand over the forecast period. The Asia-Pacific home fitness apps market is expected to grow at a high CAGR over the forecast period. The market in the Middle East, Africa and South America is also expected to grow moderately in the forecast period.
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The report provides an in-depth segment analysis of the global Home Fitness Apps market, providing valuable insights on both a macro and micro level. In-depth geographic analysis has also been incorporated into the Home Fitness Apps Market.
Home Fitness App Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global home fitness apps market. The main actors profiled in the report include Adidas AG, ASICS Corporation, Azumio, Inc., Fitbit, Inc., Google, LLC, Nike Inc., Noom, Inc., Polar Electro Oy, Under Armor, Inc. and Samsung Electronics Co., Ltd.