As the fitness industry continues to grow, online fitness has become an increasingly popular way to stay in shape. With the rise of at-home workouts, streaming services, and virtual personal trainers, it’s no surprise that the online fitness industry is booming.
But what does the data say about this growing industry? In this article, we’ll take a look at the latest online fitness industry statistics and explore the trends that are shaping the future of fitness.
Online Fitness Industry: Most Important Statistics
The online fitness industry is expected to experience a 171.75% growth to $434.74 billion between now and 2028, with an average growth rate of 33.10% per year.
Health and Fitness App Store Consumer Spend, Downloads, and Time Spent have all increased by 30%, 25%, and 30%, respectively.
Online Fitness Industry: Statistics Overview
The US gym, health and fitness clubs market size is expected to reach $30.8 billion in 2023 with a 0.6% growth rate.
Despite a decrease in 2018, the industry is still expected to grow in the coming years, indicating potential for growth in the online fitness industry.
During the pandemic, 20% of Australians and 90% of Americans who regularly exercise have increased their physical activity from home.
This trend is likely to continue post-pandemic, as many people have become accustomed to the convenience and flexibility of online fitness.
12% of people who use live-streamed workouts and 38% who use on-demand workouts found them by searching on YouTube or Google.
YouTube and Google are popular search engines for people looking to access online fitness services. This highlights the importance of having a presence on these platforms for businesses in the online fitness industry.
Fitness apps generated $5.35 billion in revenue in 2021, a 54% increase on the year prior, and were downloaded more than 400 million times. MyFitnessPal was the top grossing fitness app of 2020 and 2021.
The online fitness industry is growing rapidly, with more people using fitness apps and MyFitnessPal being the most popular. This indicates that there is a large market for online fitness services, and that businesses should consider investing in this sector.
Globally, only 1 in 4 adults meet the recommended levels of physical activity, and 80% of adolescents are insufficiently active.
There is a large market of people who could benefit from online fitness services. It also highlights the importance of physical activity for health, which can be a motivating factor for people to use online fitness services.
The online fitness industry is expected to experience a 171.75% growth to $434.74 billion between now and 2028, with an average growth rate of 33.10% per year.
The industry is growing rapidly and that there is a large market of people in the United States who are interested in fitness and are willing to pay for gym memberships. This indicates that the online fitness industry has a great potential for growth and success.
47% of the fitness labor force in the U.S. lost their jobs due to mandated closures, and 58% of trainers lost some or all of their income unless they shifted to training clients online.
This highlights the impact of the pandemic on the fitness industry, and the need for trainers to shift to online training in order to make up for lost income. It also shows the potential for growth in the online fitness industry, as many people have started exercising in their homes online.
The global online/virtual fitness market size is expected to grow from $11.39 billion in 2021 to $16.15 billion in 2022 at a CAGR of 41.84%, and reach $79.87 billion in 2026 at a CAGR of 49.12%.
The online fitness industry is growing rapidly, and that the majority of people own a smart device which can be used to access online fitness services. This indicates that the online fitness industry is likely to continue to grow in the future.
Health and Fitness App Store Consumer Spend, Downloads, and Time Spent have all increased by 30%, 25%, and 30%, respectively.
More people are downloading and using fitness apps, and spending more money on them. This indicates that the industry is growing and that people are increasingly relying on digital fitness solutions.
Many people do not meet fitness lifestyle guidelines, with over 80% of adults and adolescents not meeting aerobic and muscle-strengthening activity guidelines and 90% of Americans eating more sodium than is recommended.
There is a large potential market for online fitness services. People are not meeting the guidelines for healthy lifestyles, so they may be looking for ways to improve their fitness and nutrition.
Online fitness services can provide people with the resources and support they need to make lifestyle changes and meet their fitness goals.
The global online fitness market size was USD 6.04 billion in 2019.
The industry has seen a significant increase in size over the past few years, indicating that more and more people are turning to online fitness solutions to meet their health and fitness goals. This statistic is a valuable insight into the current state of the online fitness industry and provides a useful benchmark for future growth.
The online fitness market is expected to grow at a compound annual growth rate (CAGR) of 33.1% from 2020 to 2027.
The industry is set to experience a significant surge in growth over the next seven years, with a CAGR of 33.1%. This is an exciting prospect for those involved in the online fitness industry, as it indicates that the sector is likely to experience a period of rapid expansion and development. As such, this statistic is an important one to consider when discussing the online fitness industry and its future prospects.
North America accounted for the highest revenue share in the online fitness industry of about 39.3% in 2019.
This highlights the potential of the industry in the region and the potential for growth in the future. It also serves as a reminder that the online fitness industry is a global phenomenon, with North America leading the way.
Online fitness apps witnessed a 46% surge in usage during the global COVID-19 lockdown.
This statistic is a testament to the fact that online fitness apps have become an invaluable resource for people looking to stay fit and healthy during the global COVID-19 lockdown.
Peloton’s revenue in fiscal 2020 was $1.83 billion, which was a 100% increase from the previous year.
This demonstrates the incredible growth of the company in just one year, indicating that the online fitness industry is a lucrative and rapidly expanding market. This statistic is a clear indication that the online fitness industry is a viable and profitable venture for businesses.
The number of fitness and health app users in the US is projected to reach 84 million by 2022.
The online fitness industry is booming and that more and more people are turning to digital solutions to help them stay fit and healthy. This is an important statistic to consider when discussing the online fitness industry, as it demonstrates the potential for growth and success in this sector.
By 2025, the global online fitness industry is projected to reach a revenue of $59.23 billion.
The industry is growing rapidly and is expected to reach a staggering $59.23 billion in revenue by 2025. This is a clear indication that the online fitness industry is a lucrative and profitable venture, and one that is worth investing in.
The fitness apps market is expected to grow at a CAGR of 29.52% between 2020 and 2027.
The market is expected to experience a significant growth rate over the next few years, indicating that the industry is ripe for investment and expansion. This is an important statistic for anyone interested in the online fitness industry, as it provides a glimpse into the future of the industry and the opportunities that may be available.
About 87% of online fitness subscriptions are long term, with users subscribing to annual or biannual plans.
The majority of users are committed to their fitness goals and are willing to invest in long-term plans. It demonstrates that the industry is thriving and that users are finding value in the services offered. This is an important statistic to consider when discussing the online fitness industry, as it shows that the industry is meeting the needs of its customers.
75% of fitness consumers use at least one health and fitness app.
The majority of fitness consumers are now relying on digital tools to help them reach their goals, demonstrating the importance of technology in the fitness industry. This statistic is essential for understanding the current state of the online fitness industry and can be used to inform decisions about how to best serve the needs of fitness consumers.
MyFitnessPal, a popular fitness app, has over 200 million registered users in 2021.
The industry is thriving and that more and more people are turning to digital solutions to help them reach their fitness goals. This statistic is a clear indication that the online fitness industry is here to stay and is only going to continue to grow in the future.
Boutique fitness studios accounted for 42% of online fitness programs in 2020.
More and more people are turning to these studios for their fitness needs, and that they are becoming an increasingly important part of the industry. This is an important trend to note, as it can help inform decisions about how to best serve the needs of customers in the online fitness space.
Fitness app users in the United States spent an average of $95.64 per user in 2020.
Users are willing to invest in their health and fitness, and that the industry is providing them with the tools and resources to do so. This statistic is a great indicator of the potential for growth in the online fitness industry, and it is an important piece of information for anyone interested in the industry.
Over 5 million new users joined Nike Training Club between January and May 2020, representing a 10-fold increase in downloads during this period.
The 10-fold increase in downloads of the Nike Training Club app is indicative of the growing demand for online fitness services, and is a clear sign that the industry is thriving.
60% of health club members reported interest in online fitness training and classes during the COVID-19 pandemic.
A majority of health club members are interested in online fitness training and classes, which suggests that the industry is likely to experience a surge in demand. This statistic is an important piece of evidence that can be used to support the argument that the online fitness industry is a viable and profitable option for businesses.
Conclusion
The online fitness industry is growing rapidly, and the statistics show that it is here to stay. The industry is expected to continue to grow, and the opportunities for entrepreneurs and fitness professionals are endless.
With the right strategies and tools, you can capitalize on this trend and create a successful online fitness business. With the right knowledge and resources, you can make your online fitness business a success.
References
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