Asia-Pacific Fitness Equipment Market By Type (Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers), End-Users (Health Clubs/Gym, Home Settings, Corporate Settings, Hotels, Apartments, Hospitals, Clinic), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights of Asia-Pacific Fitness Equipment Market
Asia-Pacific Fitness Equipment Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to grow with a CAGR of 7.8 % in the above-mentioned forecast period.
Governments are promoting the fitness equipment market to raise public awareness about health and fitness and to promote better health practices to reduce the risk of chronic diseases which are driving the market growth.
- In addition, the growing young population and the growing backlog are also fuelling the fitness equipment market.
- In addition, the improved lifestyle of the people, the increase in non-renewable income, especially in developing countries, provides enormous growth potential for the market operating in the fitness market.
Cases of arrears and chronic heart disease are on the rise due to the sedentary lifestyle of the people. To counter this, governments and the public are launching several health awareness programs and programs to boost the fitness equipment market.
However, the high cost of fitness and the cost of equipment and their high maintenance are hampering the market growth. Young people prefer other activities such as aerobics, swimming and yoga that hinders the growth of the fitness equipment market.
Rapid industrialization and urbanization have led to health problems such as stress on population rates, working hours and unhealthy eating habits. To deal with these bad effects, membership in the gym has increased and has sparked a lot of opportunities in the market.
However, there is an important factor in the counterfeit market of fitness equipment, which is creating a lot of challenges for the market.
This fitness equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fitness equipment market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Fitness Equipment Market Scope and Market Size
Fitness equipment market is segmented on the basis of type and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the fitness equipment market is segmented into body composition analysers, fitness monitoring equipment, cardiovascular training equipment and strength training equipment. The cardiovascular training equipment segment is sub-segmented into treadmills, elliptical trainers, stationery cycles, rowing machines, stair steppers and others. The strength training equipment segment is sub-segmented into single stations, plate loaded equipment, free weights, benches & racks, multistations and, accessories.
Fitness equipment market has also been segmented based on the end-users into health clubs/gym, home settings, corporate settings, hotels, apartments, hospitals and clinics
Asia-Pacific Fitness Equipment Market Country Level Analysis
Fitness equipment market is analysed and market size insights and trends are provided by country, product and end-users as referenced above.
The countries covered in the fitness equipment market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific.
China dominates the fitness equipment market due to rising incidences of the chronic diseases, and increasing health insurance.
The country section of the fitness equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Fitness equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for fitness equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the fitness equipment market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Asia-Pacific Fitness Equipment Market Share Analysis
Fitness equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production cAsia-Pacificities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fitness equipment market.
The major players covered in the fitness equipment market report are Brunswick Corporation., TECHNOGYM S.p.A, Precor Incorporated., Omron Healthcare, Inc., Omron Healthcare, Inc., Core Health & Fitness, LLC., ICON Health & Fitness, Johnson Health Tech., Technogym S.p.AAmer Sports, Nautilus, Inc. , Core Health & Fitness, LLC , TRUE., and Torque Fitness, LLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (ASIA-PACIFIC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.