AusLeisure

Newly released data from online education provide TradingPlatforms suggests that global revenue from fitness apps is experiencing a 34.4% growth during 2021 and will reach US$13.54 billion, before further expanding the US$30 billion in revenue by 2025.

With the growth of usage of fitness apps already on the rise before the Coronavirus pandemic, the last 16 months has seen, according to TradingPlatforms, the entire industry’s revenue numbers “skyrocket” even more, with projections showing sustained growth in the coming years.

TradingPlatforms, an education and comparison platform for online traders, see that “awareness around health and fitness has grown tremendously in the last couple of decades with more and more people choosing to live a fit and active lifestyle.

“This has led to significant growth across the entire fitness industry and led to the emergence of the fitness app segment. In more recent times, fitness apps are one of the fastest-growing and most competitive categories in the app market.”

China generated the largest revenue from fitness apps in 2020, amounting to US$10.1 billion while India had the second-largest with US$6.07 billion. Only the United States and Indonesia recorded revenues from fitness apps worth more than US$1 billion with US$4.75 billion and US$1.37 billion respectively.

Fitness Apps users to pass half a billion users in 2021
The number of fitness app users is projected to cross the 500 million user mark sometime in 2021.

61.5% of this total number of users are free fitness app users which amounted to 369.61 million users while the remaining 38.5% are paid fitness app users which amounted to 231.83 million users.

Both free fitness app users and paid app users are set to cross important milestones themselves in 2021 when they are projected to cross the 300 million and 200 million user mark respectively.

Commenting on the findings, Rex Pascual, Editor at TradingPlatforms advised “the fitness industry as a whole has enjoyed sustained growth over the past couple of decades and fitness apps is one of the fastest-growing segments to come out of it. 2020’s pandemic only accelerated the fitness app segment’s growth and will serve as a great foundation for its projected 20% CAGR.”

Click here for more information on the Trading Platforms website.

Image courtesy of Technogym.

Related Articles

15th July 2021 - Wexer makes new appointment to drive business development

3rd July 2021 - Fitness Australia invites input on industry trends survey

24th June 2021 - Technogym updates digital resources to aid restart of fitness clubs

16th February 2021 - NZREPS share research insights into top exercise trends for 2021

22nd January 2021 - Body Fit Training founder shares insights into top fitness trends for 2021

26th November 2020 - Fitbit names JMDC as exclusive distributor of Fitbit Premium for enterprise customers in Japan

15th November 2020 - Health2Sync study reveals benefits of fitbit wearable device integration with diabetes care

15th October 2020 - Asia’s wellness market set to be world’s largest by 2023

14th August 2020 - ISPO identifies health orientation as key fitness trend in post Coronavirus-world

5th August 2020 - Jonas Leisure’s Visitance contact tracing App records 150,000th visitor

13th July 2020 - Technogym unveils live streaming and on-demand classes via Mywellness app

21st March 2020 - Centr app now available to members of Fitness First, Goodlife Health Clubs, Jetts Fitness and Zap Fitness

11th February 2020 - Fitness marketing expert Steve Jensen releases new sales app

6th January 2020 - Les Mills suggests the top 10 fitness trends for 2020

2nd November 2019 - Google acquires Fitbit in US$2.1 billion deal

30th September 2019 - New App to change the face of member interactions in the gym

14th September 2019 - World-first sees Fitbit integration into Singapore’s public health program

9th September 2019 - Evolt launches new mobile app offering personalised body composition information

8th August 2019 - Viva Leisure launches new app to offer keyless entry into clubs

10th March 2019 - Fitbit adds new products to its wearable technology portfolio

8th November 2018 - Aaptiv audio fitness app now available in Australia

12th March 2018 - Australian fitness industry revenues to grow to $2.4 billion by 2022/23

14th June 2017 - Technogym introduces Apple Watch compatibility

28th May 2015 - Life Fitness expands equipment compatibility with popular fitness apps

2nd November 2014 - Google launches fitness app to take on Apple and Samsung

---

Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.