Personal Fitness Trainer Market Share to Surpass US$ 63.8 Mn, at a CAGR of 4.8% between 2022 and 2032 | Future Market Insights, Inc.
The U.S. is projected to lead the global personal fitness trainer market by 2032. the personal fitness training market is likely to develop steadily in the coming years, the number of startups entering the sector is also anticipated to increase during the forecast period
NEWARK, Del., Aug. 30, 2022 /PRNewswire/ -- The global personal fitness trainer market size is expected to be worth US$ 39,740.0 Mn in 2022, rising to US$ 63,800 Mn by 2032. The demand for personal fitness trainer services is expected to grow at a CAGR of 4.8% between 2022 and 2032.
Due to the growing popularity of personal fitness trainers who provide one-on-one individual workout sessions that include in-depth physical education and motivation to achieve fitness, the personal fitness trainer market share is expected to expand rapidly during 2022-2032.
Most personal fitness trainer certification organizations require a professional fitness trainer to possess sufficient skills such as lifestyle and health, chronic disease, exercise programming, and nutritional advice.
Adoption of personal fitness trainer services is being driven by increased health awareness, more disposable money in developing countries, and the attractiveness of physical fitness activities. Furthermore, a growing per capita disposable income and a declining unemployment rate are driving up demand for personal fitness trainers.
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Despite stiff competition from other fitness trainers, the personal fitness trainer market share is expected to grow throughout the forecast period. Furthermore, rising obesity rates have encouraged fitness programmes to encourage people to be more physically active, hence increasing the adoption of personal fitness trainer services.
Personal fitness trainer market growth, on the other hand, is anticipated to be constrained since personal development is closely linked to discretionary expenditure. Furthermore, due to the high turnover in this field, long-term opportunities for personal fitness trainers may be difficult, impacting demand for personal fitness trainers during the projection period.
Key Takeaways from Personal Fitness Trainer Market
- With a 29% share in 2022, the United States dominates the personal fitness trainer market. The growing number of million-dollar homes, which has led to an increase in the building of home gyms, is predicted to increase demand for personal fitness trainers.
- The Asia Pacific region is anticipated to have a significant presence in the global personal fitness trainer market.
- In 2022, Europe is estimated to capture more than 25% of the personal fitness trainer industry. Europe's personal fitness trainer market is predicted to grow fast due to its high per capita income.
- The global personal fitness trainer market is likely to be led by the exercise instruction Segment.
- The personal fitness trainer market is led by health and fitness facilities in terms of end use industry. Due to increased health concerns, consumers have become more interested in exercise activities.
"A surge in consumer interest and purchasing power creates great opportunities for key players in the personal fitness trainer market, especially as personal wellness expenditure rises." – FMI Analyst
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Competition Landscape in the Personal Fitness Trainer Market
A surge in consumer interest and purchasing power presents enormous opportunity for key players in the personal fitness trainer business, especially as personal wellness expenditure rises. Simultaneously, the personal fitness trainer industry is getting increasingly crowded, needing a strategic approach to where and how organisations compete.
GYMGUYZ, Golds Gym, and Virtuagym are some of the major participants in the personal fitness trainer market.
A potential business plan investigates opportunities to increase one's position in the personal fitness trainer ecosystem. Any acquisition must have a clear strategic reason and make sense in light of the acquirer's existing equity, skill set, and competencies under this technique.
Personal Fitness Trainer Market by Category
By Activity:
- Smartwatches
- Head Mounted Displays
- Smart Clothing
- Ear Worn
- Fitness Trackers
- Body Worn Camera
- Exoskeleton
- Other
By End User Industry:
- Fitness and Wellness
- Medical and Healthcare
- Infotainment
- Industrial and Defense
- Other
Recent Developments in the Personal Fitness Trainer Market:
- Icecat, an Amsterdam-based technology firm that invests in innovative technology firms, has made a new €3 million investment in Virtuagym, a global workout technology supplier.
- Core Health & Fitness, a market leader in commercial fitness products, has announced a collaboration with BodyWorld Plymouth, a newly renamed Nautilus Trusted Strength Centre.
- With the acquisition of Mirror, Lululemon gained a digital offering to supplement its core fitness-apparel business. It has also experimented with nutrition, mindfulness, and exercise programmes in stores through studios and community-based courses.
- Eugenio Pallisco, a personal trainer in Texas and online, is excited to announce the debut of his new website.
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Things to Consider
Personal fitness training necessitates one set of capabilities, whereas leading others and managing a business necessitates an entirely different set of abilities. Personal trainers who want a lengthy career in the fitness industry that doesn't always entail getting up before dawn to work with customers should begin developing management and leadership abilities to be ready for such chances when they emerge.
Finally, as the fitness business expands to meet the needs of an ageing population, there will be various job prospects for personal fitness trainers who want to advance to positions of leadership such as department manager, general manager, regional manager, or even executive level.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter's Analysis
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