Europe Fitness Equipment Market, By Type (Cardiovascular Training Equipment{Treadmills, Elliptical Trainers, Stationery Cycles, Stair Steppers, Rowing Machines, Others} Strength Training Equipment{ Single Stations, Multistations, Benches & Racks, Free Weights, Plate Loaded Equipment, Accessories}, Fitness Monitoring Equipment, Body Composition Analyzers{Bioimpedance Analyzer, Dual Emission X-Ray Absorptiometry (DEXA), Skinfold Caliper, Hydrostatic Weighing, Air Displacement Pelthysmography}), By End-Users (Health Clubs/Gym, Home Settings, Corporate Settings, Hotels, Apartments, Hospitals, Clinics), By Country (Germany, United Kingdom, France, Spain, Italy, Russia, Turkey, Belgium, Nether lands, Switzerland, Rest of Europe)– Industry Trends and Forecast to 2024
The Europe Fitness Equipment Market is expected to reach USD 7,870.57 million by 2025, from USD 4,854.55 million in 2017 growing at a CAGR of 6.3% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors driving the growth of this market are rising incidences of the chronic diseases, and increasing health insurance. The fitness equipment market in the Germany region is leading in Europe.
Market Segmentation: Europe Fitness Equipment Market
- The Europe fitness equipment market is segmented on the basis of type, end-user and geography. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
- The Europe fitness equipment market is segmented based on type into four notable segments; body composition analyzers, 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. The fitness equipment market is dominated by cardiovascular training equipment with 68.4% market share in 2018, growing at a CAGR of 6.9% in the forecast period.
- The Europe fitness equipment market is segmented based on industry into seven notable segments; health clubs/gyms, home settings, corporate settings, apartments, hotels, hospitals and clinics. In 2018, the health clubs/ gym segment is expected to dominate the market with 45.7% market share.
Key Drivers: Europe Fitness Equipment Market
The growth in this market is due to increased demand of fitness equipment rising incidences of the chronic diseases, and increasing health insurance.
Key Points: Europe Fitness Equipment Market
Brunswick Corporation is going to dominate the Europe fitness equipment following with Technogym, Johnson Health Tech. Co. Ltd. and Precor Incorporated.
- Cardiovascular training equipment segment is expected to dominate the Europe fitness equipment market.
- The fitness equipment market in the Europe region is leading in Germany, France, U.K., Italy and Spain. Germany accounts for the highest market share in this region.
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