Healthcare

Personal Fitness Trainer Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|SoulCycle Inc., Anytime Fitness LLC, The Pilates Studio, Equinox Holdings Inc., 24 Hour Fitness Worldwide Inc.

The Personal Fitness Trainer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Personal Fitness Trainer Global Market Report 2024, The personal fitness trainer market size has grown strongly in recent years. It will grow from $39.06 billion in 2023 to $41.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growing awareness of health and fitness, rising obesity rates, celebrity endorsements, government initiatives, aging population.

The personal fitness trainer market size is expected to see strong growth in the next few years. It will grow to $51.69 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to virtual and augmented reality fitness, customized fitness plans, home fitness equipment market growth, integration of nutrition advice, telehealth and online training. Major trends in the forecast period include AI-powered fitness coaching, genetic fitness testing, outdoor and nature-based fitness activities, community-based fitness programs, smart fabrics and wearables.

The rise in obesity is expected to propel the personal fitness trainer market going forward. Obesity and overweight terms refer to weight gain that is abnormal or excessive and poses a risk to health. An overweight person has a body mass index (BMI) of 25 or higher, and an obese person has a BMI of 30 or higher. A personal trainer can assist an obese or overweight client in reducing the risk of health issues through a weight loss program, thereby offering them encouragement and other benefits through their weight loss journey. For instance, according to a report by Cancer Research UK, a UK-based independent cancer organization, 71% of people would be overweight by 2040, a rise from 64% as of the 2022 data. Among these people, 21 million (almost 36% of adults) are expected to be obese. Therefore, the rise in obesity is driving the growth of the personal fitness trainer market.

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The personal fitness trainer market covered in this report is segmented –

1) By Activity: Exercise Instruction, Exercise Demonstration, Diet Instruction, Fitness Consultation
2) By Medium: Online, In-Person
3) By End User Industry: Fitness And Wellness, Medical And Healthcare, Infotainment, Industrial And Defense, Other End User Industries

Major companies operating in the personal fitness trainer market are focusing on innovative products, such as wearable fitness devices, to monitor clients’ health and fitness metrics. Wearable fitness devices are portable gadgets that monitor and track various health and fitness parameters, such as activity levels, heart rate, sleep patterns, and more. For instance, in August 2023, Bonatra, an India-based longevity-focused health-tech company that helps people live longer and healthier, launched the wearable smart ring X1, designed to continuously monitor a range of health parameters, empowering users to live longer and healthier lives. These smart rings have cutting-edge capabilities that offer insightful data on a range of health-related topics. The smart ring X1 is made of titanium alloys of aerospace quality, meaning it is long-lasting. Swimming, deep diving, sailing, surfing, and trekking are just a few of the sports that the smart ring X1 is appropriate for thanks to its IP68 rating and hypoallergenic medical-grade resin, which also guarantees comfort during extended usage.

The personal fitness trainer market report table of contents includes: