Germany Fitness Equipment Market, By Type (namely body composition analyzers, fitness monitoring equipment, cardiovascular training equipment and strength training equipment) By Product Type(Bioimpedance analyzers, skinfold caliper, dual emission x-ray absorptiometry (DEXA), hydrostatic weighing and, air displacement plethysmography), By End User (health clubs/ gyms, home settings, corporate settings, hotels, apartments, hospitals, clinics), By Geography (Germany) – Trends and Forecast to 2024
The Germany Fitness Equipment Market is expected to reach USD 1,861.9 million by 2024 from USD 1,100.0 million in 2016, at a CAGR of 6.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.Fitness Equipment Market is growing owing to the factors such as rising awareness regarding health & fitness, increasing obese population, improved lifestyle of people, rising disposable income of the individuals, increasing ageing population, increase in the incidence of cardiovascular diseases. The demand for the fitness equipment will be always there as long as people want to stay fit or lose weight.
The Germany Fitness Equipment Market is segmented on the basis of type and end-user.
The Germany Fitness Equipment Market is segmented into four product types, namely body composition analyzers, fitness monitoring equipment, cardiovascular training equipment and strength training equipment. In 2017, cardiovascular market segment is expected dominate the market.
Cardiovascular training equipment is sub-segmented into treadmills, elliptical trainers, stationery cycles, rowing machines, stair steppers and others. In 2017, the treadmills market segment is expected to dominate the market.
Strength training equipment market is sub-segmented into single stations, plate loaded equipment, free weights, benches & racks, multistations and, accessories. In 2017, single stations market segment is expected to dominate the market.
On the basis of end-users, the Germany fitness equipment instruments market segment is sub-segmented into health clubs/gyms, home settings, corporate settings, apartments, hotels, hospitals and clinics. In 2017, health clubs/gyms market segment is expected to dominate the market.
The Germany Fitness Equipment Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the major players operating in this market are:
- TechnoGym S.p.A
- Nautilus, Inc.
- Omron Healthcare, Inc.
- Schnell Trainingsgeräte GmbH
- Johnson Health Tech
- Brunswick Corporation
- GE Healthcare
- Among Others