Physical activity has significant health benefits for the heart, body, and mind, and exercise helps prevent and manage non-communicable diseases such as cardiovascular disease, cancer, and diabetes. Increasing awareness about the consequences of increasing obesity is inculcating the desire to workout which is letting the fitness equipment market gain much attraction. It was observed that the participation rate of men was higher (20.7%) than women (18%) in terms of fitness in Germany.
According to Data Bridge Market Research the Germany Fitness Equipment Market is expected to grow with a CAGR of 6.8% substantially in the forecast period of 2022 to 2029.
“Increasing Participation in Physical Activities Competitions Increase the Market Growth”
Physical activity has major health benefits for the heart, body, and mind, and exercise and helps to prevent and manage non-communicable diseases such as cancer, cardiovascular disease, and diabetes. There are many competitive tournaments that test their skills at numerous functional fitness events. Many fitness activities competitions include bodybuilding, powerlifting, fun runs, long distance running events, and cross-fit competitions. Several companies and fitness organizations have taken the initiative and arranged numerous fitness competitions and outdoor activities. This included exercise, sports, and other active leisure activities. Therefore, increasing numbers of people involved in physical activities boost the market growth.
What restraints the growth of Germany Fitness Equipment Market?
“High Cost Associated With Fitness Equipment”
Several fitness equipments are available at very high prices, particularly for middle and low-income in developing and underdeveloped countries, which acts as a limiting factor for growth. With increased technological advancement, the price hike is going high in case of high-tech fitness equipment and fitness wearable devices. Incorporating multiple features such as high-quality display, tracking of additional vitals, increased power efficiency, wireless connectivity, and upgraded software, among others, directly surges the initial cost of the fitness equipment. Numerous consumers' use of wearable devices is surging their expenditure on fitness healthcare. Thus, this factor hinder the market growth.
Segmentation: Germany Fitness Equipment Market
The global Germany fitness equipment market is segmented based on equipment, distribution channel and end-use.
- Based on equipment, the market is segmented into cardiovascular, strength training, and others.
- Based on end use, the market is segmented into home care, health club, offices and others.
- Based on distribution channel, the market is segmented into direct and indirect.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/germany-fitness-equipment-market
Recent Developments in Germany Fitness Equipment Market
- In 2022, Nautilus, Inc., an innovation leader in home fitness, announced the launch of the Bowflex BXT8J treadmill with JRNY adaptive fitness app compatibility at select online and in-store retail partners offering customers with a complete fitness solution at a cheap price. The Bowflex BXT8J treadmill provides high-performance cardio and the ability to pair the user’s device to the JRNY adaptive fitness app.
- In 2022, Johnson Health Tech acquired the fitness division of Cravatex Brands Limited, a prior distributor for Johnson Health Tech. Johnson Health Tech advanced the fitness industry with its persistent investment in product development and manufacturing expertise. This has helped company to enlarge its business.
The Prominent Key Players Operating in the Germany Fitness Equipment Market Include:
- Nautilus, Inc. (U.S.)
- TECHNOGYM S.p.A (Italy)
- REALLEADER FITNESS CORP (U.S.)
- Core Health & Fitness, LLC (U.S.)
- Brunswick Corporation (U.S.)
- iFIT (U.S.)
- Omron Healthcare, Inc. (Japan)
- Cybex India (U.S.)
- Life Fitness (U.S.)
- Precor Incorporated (U.S.)
- Schnell Trainigsgerate GmbH (Germany)
- Johnson Health Tech (U.S.)
- Impulse (Qingdao) Health Technology Co., Ltd. (China)
- Amer Sports (Finland)
- General Electric (U.S.)
- Jerai Fitness (India)
Above are the key players covered in the report, to know about more and exhaustive list of Germany fitness equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Germany Fitness Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
