Interactive Fitness Market
Interactive Fitness Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0243
Segments Covered
By
Product Fitness Equipment and Software System
-
By
End User Non-residential, Residential
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
4226 Million |
 Revenue 2028:
|
7556 Million |
 Revenue CAGR
(2021 - 2028): |
8.3 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Interactive Fitness Market - Global Market Assessment, 2021 - 2028
The global Interactive Fitness market research study is based on a comprehensive research methodology that involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Moreover, the information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies.
Secondary Research
Primary Research:
The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Interactive Fitness supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Interactive Fitness market size at regional and country level
- Key industry players and their market share and Interactive Fitness market-specific sales/revenue
- Understanding of the Interactive Fitness supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Interactive Fitness market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Interactive Fitness market.
FAQ
Frequently Asked Question
What is the global demand for Interactive Fitness in terms of revenue?
-
The global Interactive Fitness valued at 4226 Million in 2020 and is expected to reach 7556 Million in 2028 growing at a CAGR of 8.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Nautilus Inc., Nexersys Corp, Echelon Fitness LLC, Interactive Fitness Holdings LLC, Axtion Technology LLC, Peloton Interactive Inc., SMARTfit Inc., Motion Fitness LLC..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8.3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Interactive Fitness include
- Many exercise games are interactive and offer a multiplayer experience with various people playing at different skill levels. This not only fosters friendship among players, it has a positive effect on self-esteem. The immersive nature of some games gives a sense of community as common goals are achieved as a team. And because the focus of players is often on a television screen and not on each other, there is a reduced body self-consciousness. This is driving the market growth.
- Games deliver a level of activity similar to people who run, sometimes it even surpasses it. Think about competing in a dance-off and how much energy you would burn. It would be like Dancing with the Stars or something similar without the television cameras and studio audience. Other physical benefits of games include increased agility, improved speed, a sense of rhythm, coordination, reaction time and endurance. The beauty of games like these is that the skills you acquire by playing them can be easily transferred to the real world. These determinants will further propel the market growth.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Interactive Fitness in 2020.
