The Asia Pacific Fitness App Market would witness market growth of 28.2% CAGR during the forecast period (2020-2026).
Fitness apps incorporate machine learning, artificial intelligence, and other technologies with an aim to offer customized fitness regimes to their customers. They also provide no-equipment workout regimes, customized diet plans, track diet, monitor footsteps, and also offer personalized health coaches. These benefits are supplementing the growth of the market. For example, MyFitness Pal (MFP) offers customized diet monitoring and activity monitoring to its users.
The fitness apps have witnessed high adoption owing to the massive smartphone penetration and tablets across the world, which is a primary aspect boosting the market growth. Fitness application refers to software that is available on any mobile phone after download. These apps are created particularly to assist customers who are inclined toward fitness activities and other forms of physical training, nutrition & diet, health monitoring, or other fitness-associated areas. Diet & nutrition functions of fitness apps support the management and execution of healthy nutrition plans. While fitness apps contain workout features that are utilized for performing weight drills in order to reduce weight.
Emerging countries around the world bring undiscovered growth possibilities for the fitness app market. Owing to the rapid economic development, developing economies like India, China, Japan, South Korea, and Australia are observing a spur in disposable income, shifting lifestyles, and smartphone users. In addition, the globalization of the healthcare sector in emerging nations would present various attractive possibilities to leading players in the next few years.
The China market dominated the Asia Pacific Android Market by Country in 2019, and would continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 28.4% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 28.5% during (2020 - 2026).
The Exercise & Weight Loss market dominated the Malaysia Fitness App Market by Type in 2019, thereby, achieving a market value of $60.7 million by 2026. The Activity Tracking market is estimated to grow at a CAGR of 29.7% during (2020 - 2026).
Based on Type, the market is segmented into Activity Tracking, Exercise & Weight Loss and Diet & Nutrition. Based on Platform, the market is segmented into iOS, Android and Others. Based on Device, the market is segmented into Tablets, Wearable Devices and Smartphones. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Google, Inc., Adidas AG, TomTom N.V., Lenovo Group Limited, Nike, Inc., Under Armour, Inc., Azumio, Inc., WillowTree, LLC, and Grandapps LLP.
Scope of the Study
Market Segments covered in the Report:
• Activity Tracking
• Exercise & Weight Loss
• Diet & Nutrition
• Wearable Devices
• South Korea
• Rest of Asia Pacific
• Samsung Electronics Co., Ltd. (Samsung Group)
• Google, Inc.
• Adidas AG
• TomTom N.V.
• Lenovo Group Limited
• Nike, Inc.
• Under Armour, Inc.
• Azumio, Inc.
• WillowTree, LLC
• Grandapps LLP
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By The Business Research Company
• Jan 2018
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