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Online Fitness Course Market to Grow by USD 26.46 Billion from 2024-2028, Driven by Healthy Lifestyle Awareness and AI Redefining the Market Landscape- Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Online Fitness Course Market size is estimated to grow by USD 26.46 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  16.92%  during the forecast period. Increasing awareness regarding benefits of healthy lifestyle is driving market growth, with a trend towards integration of VR and AR in online fitness courses. However, high cost of online fitness courses  poses a challenge.Key market players include Aaptiv, Alo Moves, Apple Inc., ClassPass, Daily Burn Inc., Fitbit LLC, FitXR, Glo Digital Inc., Les Mills International Ltd., LifeSpeak Inc., Lift Brands Inc., MINDBODY Inc., Myfitnesspal, Nike Inc., Peloton Interactive Inc, REH-FIT, Sworkit, The Beachbody Co. Inc., Under Armour Inc., and Wexer.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Online Fitness Course Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.92%

Market growth 2024-2028

USD 26455.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.68

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key countries

US, UK, Germany, China, and Canada

Key companies profiled

Aaptiv, Alo Moves, Apple Inc., ClassPass, Daily Burn Inc., Fitbit LLC, FitXR, Glo Digital Inc., Les Mills International Ltd., LifeSpeak Inc., Lift Brands Inc., MINDBODY Inc., Myfitnesspal, Nike Inc., Peloton Interactive Inc, REH-FIT, Sworkit, The Beachbody Co. Inc., Under Armour Inc., and Wexer

Market Driver

The integration of virtual reality (VR) and augmented reality (AR) technologies in online fitness courses is revolutionizing the global fitness industry. VR allows users to participate in virtual fitness classes, explore simulated environments, and receive personalized coaching. AR overlays digital content onto the physical world, providing interactive workout instructions and real-time data visualization. Companies like FitXR Ltd. Utilize VR technology to offer engaging workout experiences, tailoring feedback and coaching to individual performance. These technologies enable personalized and interactive online fitness courses, increasing motivation, enjoyment, and effectiveness. The market for online fitness courses using VR and AR technologies is expected to grow significantly due to their ability to provide, interactive, and personalized fitness experiences. 

The online fitness course market is booming with trends like virtual workouts, niche activities, and convenient digital experiences becoming increasingly popular. Economic strength and chronic conditions, such as obesity and diabetes, are driving demand for home workouts and balanced diets. Mental health is also a focus, with online instructors offering live video classes and virtual fitness competitions. Fitness executives see the potential in digital capabilities, from livestream group workouts and solo training to smartphone apps and wearable technology. In-person workouts aren’t going away, but the fitness industry is embracing the digital age with advanced training programs, virtual reality, and augmented reality. Home gym setups on smartphones, smart TVs, laptops, and desktops are the new normal. Fitness products and services are adapting, offering on-demand workouts and personalized training. Health club owners are even offering virtual memberships and digital experiences. The future of fitness is a balanced blend of physical and digital, prioritizing accessibility and convenience. 

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Market Challenges

The high cost of online fitness courses presents challenges for the global online fitness course market, affecting accessibility and affordability. On average, courses range from USD10 to USD500 or more. While convenient, the premium pricing excludes individuals from diverse socioeconomic backgrounds, hindering industry growth and democratization of fitness. High costs may deter potential customers, leading to price sensitivity and opting for cheaper alternatives. This could result in pricing wars, discounting, or commoditization, eroding profit margins and perceived value. In a competitive market, pricing pressures from expensive courses can negatively impact the reputation and sustainability of online fitness providers, potentially hindering market growth.In today’s digital age, the online fitness course market is booming with virtual fitness solutions that offer convenience and accessibility. From fitness apps with training videos to wearable technology and health and wellness programs, these services cater to diverse workout options for millennials and the elderly alike. Advanced fitness sessions using augmented and virtual reality technology provide an experience, while live workouts and on-demand sessions offer flexibility. Subscription services offer personalized training plans and community-driven features, making fitness engagement easier than ever. However, privacy concerns and health care expenses remain challenges. Digital platforms offer diverse workout options, from home workout equipment to smart home gyms and fitness tools. Traditional gym workouts have gone remote, with corporate wellness programs and flexible workout routines available online. Overall, the online fitness solutions market is revolutionizing the fitness industry, making health consciousness more accessible and affordable for all.

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Segment Overview 

This online fitness course market report extensively covers market segmentation by

Type 1.1 On-demand courses1.2 Live classes1.3 Hybrid coursesRevenue Stream2.1 Subscription-based2.2 Freemium2.3 One-time purchase2.4 Pay-per-classGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-demand courses-  The online fitness course market has experienced significant growth in recent years. Thousands of individuals seek convenience and affordability in their fitness journeys, leading to an increased demand for digital fitness solutions. These courses offer personalized workout plans, instructional videos, and community support, making fitness training accessible from anywhere. Companies invest in creating engaging content and user-friendly platforms to attract and retain customers. The market continues to expand as technology advances and more people prioritize health and wellness.

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Research Analysis

The online fitness course market is experiencing rapid growth as virtual fitness becomes a convenient and accessible solution for individuals seeking to maintain a healthy lifestyle from the comfort of their own homes. Fitness apps, training videos, and wearable technology are at the forefront of this trend, offering advanced fitness sessions and real-time health and wellness monitoring. Health insurance providers are also recognizing the value of online fitness solutions and are offering incentives to policyholders. Millennials, with their health consciousness and preference for remote workouts, are driving demand for digital platforms that offer flexible, accessible fitness options. Live video content, online instructors, and virtual fitness competitions add engagement and excitement to the experience. Augmented reality technology is even being explored to enhance traditional gym workouts and provide a more experience. The future of fitness is digital, and it’s here to stay.

Market Research Overview

The online fitness course market is booming with the rise of virtual fitness solutions, offering convenience-based services that cater to health and wellness enthusiasts. Fitness apps, training videos, and wearable technology are at the forefront of this trend, providing advanced fitness sessions through augmented and virtual reality. Live workouts and on-demand sessions offer flexibility and accessibility, while digital capabilities enable personalized training plans and community-driven services. Social media challenges and subscription services add to the engagement, with economic strength driving the growth of corporate wellness programs and diverse workout options. Privacy concerns are addressed through individual fitness plans, while group sessions and solo training cater to various fitness cultures and trends. Niche activities, such as elderly fitness and fitness for chronic conditions, are also gaining popularity. With the increasing health consciousness among millennials and the availability of fitness tools like smart home gyms and home workout equipment, traditional gym workouts are being replaced by online fitness solutions. Balanced diets, mental health, and online instructors complete the holistic approach to a healthy lifestyle.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeOn-demand CoursesLive ClassesHybrid CoursesRevenue StreamSubscription-basedFreemiumOne-time PurchasePay-per-classGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Unifor calls on CN to prioritize passenger rail services

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57 mins ago

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October 24, 2024

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OTTAWA, ON, Oct. 24, 2024 /CNW/ – Unifor is urging Canadian National Railway (CN) to prioritize the effective management of its rail infrastructure to ensure the safe and efficient operation of VIA Rail’s passenger services.

“This is about CN stepping up to fulfil its obligations to all rail users,” said Unifor National President Lana Payne. “Passenger rail must be prioritized to ensure that services like VIA Rail can operate safely and efficiently.”

Recent speed restrictions on key corridors have raised questions about CN’s accountability to all rail users, especially with minimal government oversight. Unifor maintains that CN has a duty to collaborate more effectively with passenger rail operators. The union argues that CN knew about VIA Rail’s acquisition of new trains and yet failed to engage in proactive discussions to accommodate the necessary adjustments.

“CN’s responsibility goes beyond sending notifications—it must actively facilitate a rail system that accommodates all users. As the owner and primary manager of these tracks, CN has a duty to ensure that passenger services are not compromised,” said Payne.

VIA Rail recently announced delays along the Quebec City–Ottawa–Toronto corridor due to speed restrictions imposed on tracks owned and maintained by CN. The issue has drawn attention to the lack of regulatory oversight and CN’s dominant control over Canada’s rail infrastructure, impacting passenger rail services.

Unifor believes that the government must reassert regulatory oversight to prevent freight operators from sidelining passenger rail services. The union continues to advocate for the investment in passenger rail infrastructure, fair regulation, and a rail network that puts Canadians’ needs first.

Unifor is Canada’s largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

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Technology

Axon to Release Third Quarter 2024 Earnings on November 7, 2024

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57 mins ago

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October 24, 2024

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SCOTTSDALE, Ariz., Oct. 24, 2024 /PRNewswire/ — Axon (Nasdaq: AXON), the global public safety technology leader, today announced that it will report third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Axon will host a live Zoom video webinar to discuss the company’s financial results at 5 p.m. ET that same day.

The live webinar to discuss financial results, followed by Q&A, will be linked from Axon’s investor relations website at https://investor.axon.com. An archived replay will be available after the call ends. 

Upcoming Conference Participation

The Company also announced that Axon will participate in the following upcoming conferences. If applicable, events will be webcast live and archived on Axon’s investor relations website at https://investor.axon.com.

Northcoast 2024 Fall Management Forum, Wednesday, November 13, 202414th Annual Needham Virtual SaaS 1×1 Conference, Thursday, November 21, 2024Barclays Global Technology Conference, Wednesday, December 11, 2024

About Axon

Axon is a technology leader in global public safety. Our moonshot goal is to cut gun-related deaths between police and the public by 50% before 2033. Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that lead modern policing. Axon’s suite includes TASER energy devices, body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities. Axon’s growing global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services, as well as the justice sector, enterprises and consumers.

Non-Axon trademarks are property of their respective owners. Axon, the Delta Logo, Protect Life and TASER are trademarks of Axon Enterprise, Inc., some of which are registered in the United States and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Follow Axon here:

Axon on X: https://x.com/axon_usAxon on Facebook: https://www.facebook.com/Axon.ProtectLife/Axon on LinkedIn: https://www.linkedin.com/company/axon-protect-life/

Note to Investors

Please visit http://investor.axon.com, https://www.axon.com/press, https://x.com/axon_us and https://www.facebook.com/Axon.ProtectLife/ where Axon discloses information about the company, its financial information and its business.

CONTACT:
Investor Relations
Axon Enterprise, Inc.
IR@axon.com

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SOURCE Axon

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WASTE CONNECTIONS DEMONSTRATES PROGRESS TOWARDS ESG GOALS IN UPDATED 2024 SUSTAINABILITY REPORT

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57 mins ago

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October 24, 2024

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TORONTO, Oct. 24, 2024 /PRNewswire/ — Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) today released its 2024 Sustainability Report – Connecting with the Sustainable Future. The report demonstrates progress toward the Company’s aspirational ESG targets and sustainability-related objectives.

“2023 was another year of progress towards our sustainability-related goals, which we believe are inextricably linked to our focus on value creation in our business,” said Ronald J. Mittelstaedt, President and Chief Executive Officer. “With a multi-year reduction of 40% in emissions intensity, we have demonstrated that outsized growth is compatible with the achievement of our long-term aspirational ESG targets.”

Mr. Mittelstaedt added, “I would like to thank our 24,000 employees who embody our core values and drive our results. I’m particularly pleased by the notable momentum from reductions in voluntary turnover and the related impacts to safety-related metrics, both of which are showing ongoing improvement in 2024.”

Highlights of the 2024 Sustainability Report include:

Notable Gains in Employee Engagement: Voluntary turnover declined 22% in 2023, with continued improvement in 2024 bringing total declines of over 40% from peak levels in 2022.

Improved Safety Metrics: Incident rates were reduced by 7% in 2023, with ongoing momentum in 2024 bringing a total decline to 13% from 2022 levels.

Emissions Intensity Continues to Decline: Reductions in Scope 1 and 2 emissions intensity of over 40% from the 2019 baseline with absolute emissions down 13%.

Increased Resource Recovery: Continued increases in recycling and biogas recovery and beneficial reuse, including through investments in new facilities.

Reducing Fleet Emissions: Initiated testing of electric vehicles in New York City as part of commercial franchise introduction, with additional units on order.

The Waste Connections 2024 Sustainability Report is available at wasteconnections.com/sustainability or by clicking the following link: Waste Connections 2024 Sustainability Report.

About Waste Connections

Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance (“ESG”) efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.

Safe Harbor and Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events and operating performance. These forward-looking statements are often identified by the words “may,” “might,” “believes,” “thinks,” “expects,” “estimate,” “continue,” “intends” or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the timing and amount of investments and the ability to meet or exceed long-term, aspirational sustainability targets. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company’s filings with the SEC and the securities commissions or similar regulatory authorities in Canada.  You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.  Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

CONTACT:
Mary Anne Whitney / (832) 442-2253                              Joe Box / (832) 442-2153
maryannew@wasteconnections.com                              joe.box@wasteconnections.com    

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SOURCE Waste Connections, Inc.

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