Gym membership cost, fitness apps still more affordable than Peloton

Even with a slowdown in sales following the pandemic, the home fitness equipment industry is expected to see significant growth in the coming years, from $14 billion in 2021 to nearly $22 billion by 2028, according to data published by Research and Markets.

But not everyone can afford expensive equipment, nor do many have the space for a treadmill, exercise bike, or elliptical.

As a result, streaming video fitness classes is a popular alternative, usually in the form of an app that you can access on multiple devices and often requires no equipment. This is also ideal for business travelers, who may want to exercise in their hotel room before heading out for the day.

“The portability of fitness apps that can be used on the go, anytime, anywhere adds to the appeal,” says Tim Bajarin, a veteran technology analyst and president of the market research firm with Headquartered in San Jose, California. creative strategiesin an interview with USA TODAY.

“For most people who don’t want to spend their hard-earned money on expensive exercise equipment, these fitness software apps can help them stay fit at a much lower cost,” adds Bajarin, who says that you have added a virtual reality (VR fitness app), Liteboxer, to your routine. “Exercising in virtual reality could be the next big frontier in fitness programs.”

Peloton isn’t just hardware

While home fitness giants like Peloton fuse video instructors with their exercise equipment, their popular Platoon Application ($12.99/month after 30-day free trial) can be used with or without home hardware and can be accessed on multiple devices: iPhone, iPad, Android Phones, Android Tablets, Fire Tablets, Android TV, Fire TV, Apple TV, Roku, or the web.

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