Global Fitness Equipment Market, By Equipment (Cardiovascular, Strength Training, Others), Distribution Channel (Direct, Indirect), End Use (Home Care, Health Club, Offices, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Fitness Equipment Market
Fitness equipment market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 3.67% in the above-mentioned forecast period.
Fitness equipment basically refers to the equipment that are generally utilized during any physical or fitness related activities. They help in enhancing the strength or for improving the physical fitness. Generally, the fitness equipment includes various equipment such as free weights, rowing machines, treadmills, weight machines, stationary bikes, elliptical cross tanner and stair stepper among others.
The factors such as surging urbanization, rising prevalence of population with obesity and chronic diseases due to unhealthy lifestyle along with increasing corporate wellness programs and cross industry demand are the primary factors responsible for driving the growth of the fitness equipment market. Additionally, the growing awareness about consequences of increasing obesity, increasing geriatric population coupled with growing demand for minimally-invasive and non-invasive surgeries also heighten the overall growth of the market. On the other hand, high set up or installation cost of devices or equipment and rising demand for resale of used fitness equipment for saving cost are estimated to obstruct the market’s growth within the above mentioned forecast period.
Furthermore, the various innovations and technological advancement by various manufacturers such as in the field of scientific research on human body for innovating better fitness equipment are expected to generate profitable opportunities for the market. On the other hand, the adoption of other exercise regimes and shifting customer preference pose as challenge for the market’s growth.
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 localized 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 Data Bridge Market Research fitness equipment market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fitness Equipment Market Scope and Market Size
Fitness equipment market is segmented on the basis of equipment, distribution channel and end-use. The growth amongst these segments will help you analyze 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.
- On the basis of equipment, fitness equipment market is segmented into cardiovascular, strength training, and others. Cardiovascular is further segmented into elliptical machines, treadmills, exercise bikes, climbers, and others. Strength training is sub segmented into weight lifting equipment, weights, barbells and ladders, extension machines, power racks and others. The others are sub-segmented into activity monitors and body analyzers.
- On the basis of distribution channel, fitness equipment market is segmented into direct and indirect. The indirect distribution channel is further sub-segmented into hypermarkets/supermarkets, specialty stores/sports chain outlets, multi-brand stores, discount stores, independent departmental stores, sports stores and online retailers.
- On the basis of end use, the fitness equipment market is segmented into home care, health club, offices and others.
Fitness Equipment Market Country Level Analysis
Fitness equipment market is analyzed and market size insights and trends are provided by equipment, distribution channel and end-use as referenced above.
The countries covered in the fitness equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fitness equipment market due to the presence of key players and high pace in advancement in technology whereas rising prevalence of obesity with changing lifestyle and increasing awareness about fitness and chronic diseases due to unhealthy lifestyle will boost market growth. Asia-Pacific on the other hand, is anticipated to show a rapid and lucrative growth rate in the forecast period of 2022 to 2029 owing to the factors such as rising healthcare awareness, growing healthcare expenditure and rise in disposable income within these regions.
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 2020.
Competitive Landscape and 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 capacities, 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.
Some of the major players operating in the fitness equipment market report are TECHNOGYM S.p.A, Core Health & Fitness, LLC, Seca, Brunswick Corporation, ICON Health & Fitness, Nautilus, Inc., Omron Healthcare, Inc., Cybex International, Inc., Life Fitness, Precor Incorporated, Schnell Trainigsgerate GmbH, Johnson Health Tech, TRUE, Impulse (Qingdao) Health Technology Co., Ltd.., Amer Sports, GENERAL ELECTRIC, HOIST Fitness Systems, JERAI FITNESS PVT LTD., Kettler, Torquo Fitness, Tunturi New Fitness, COSMED srl, and Tanita Corporation of America, Inc., among others.
Customization Available : Global Fitness Equipment Market
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 customized 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 analyzed 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.
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