Date: Apr 2023
Date: Apr 2023
The Market Statsville Group (MSG) publishes the new report on the "Online Sports Coach Market by Type (Pay to Use, and Free to Use), by Application (Adults, Children, and Elderly), and by Region – Global Share and Forecast to 2033
According to the Market Statsville Group (MSG), the global Online Sports Coach market size is expected to grow at a CAGR of 14.2% from 2023 to 2033.
Rising awareness regarding health among individuals has pushed them to adopt various platforms for their personal fitness programs or coaching. They opt for effective and reliable solutions that track and monitor their daily activities, analyze them, and provide effective routine and diet plans. This will surge the demand for online sports coach solutions as it tracks, monitor, and provide efficient training routines.
Furthermore, the increasing onset of chronic diseases among individuals due to hectic lifestyle patterns and lack of exercise will surge the demand for solutions to improve their health. The Centers for Disease Control and Prevention (CDC) has reported that heart disease is the leading cause of death for men, women, and most racial and ethnic groups in the United States. The CDC's data reveals that one person dies every 36 seconds in the country due to cardiovascular disease, and approximately 659,000 people die from heart disease every year, which amounts to 1 in every 4 deaths. The cost of heart disease to the United States is estimated to be around $363 billion annually from 2016 to 2017, including healthcare services, medications, and lost productivity due to fatalities. This leads to an increase in awareness regarding health and well-being. And in order to manage health requirements, individuals employ online solutions to monitor their activities and notify them regarding their routine plans. This, in turn, fuel the market demand and contribute to its growth over the forecast period.
Further, many individuals face issues coping with the timing of gym or yoga centers. Hence, they will demand remote in-person training assistance to improve their health, propelling the market’s growth over the forecasting period.
The overall online sports coach market has been segmented into type and application and region.
Children segment is expected to grow at the highest CAGR of 15.7% during the forecast period. Online sports coaching for children offers a convenient and accessible way for parents to enroll their children in sports training without needing to go to a sports facility physically. This is especially beneficial for parents with busy schedules or who live in areas with limited access to sports facilities. Online sports coaching for children also provides a safe and controlled environment for young athletes to learn new skills and techniques and interact with other children who share the same interests.
Asia Pacific is expected to grow at the highest CAGR of 19.5% in the online sports coach market. The online sports coach market in Asia Pacific is experiencing significant growth due to several factors, such as increased internet penetration, growing digitization, and the growing demand for smartphones and other mobile devices in the region. The increasing awareness of health and fitness among individuals also drives the demand for online sports coaching. Several regional companies offer online sports coaching services, including coaching for popular sports such as cricket, football, and basketball. These companies also provide specialized coaching for yoga, Pilates, and other fitness activities. The increasing availability of low-cost internet services and the rising adoption of mobile devices in rural areas are also driving the growth of the online sports coach market in Asia Pacific.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the online sports coach market. It also consists of the profiles of leading companies such as PT Distinction, Trainerize, Exercise.com, Fitii Ltd (My PT Hub), TrainHeroic, Inc., TotalCoaching Inc., Navigate Wellbeing Solutions, TrueCoach, Inc., and Keep. The key players' growing research and development activities for innovative solutions are expected to drive market growth.
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