Global Fitness Equipment Market size was valued at US$ 11.98 Bn in 2021 and the total revenue is expected to grow at 3.32 % through 2022 to 2029, reaching nearly US$ 15.56 Bn.
Fitness Equipment Market Overview
The market overview of the Fitness Equipment industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.
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Fitness Equipment Market Report Scope and Research Methodology
The research methodology employed in the report on the Fitness Equipment Market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.
The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Fitness Equipment market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Fitness Equipment market, which involves aggregating data from individual segments to arrive at a total market size estimate.
Fitness Equipment Market Regional Insights
The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.
Fitness Equipment Market Segmentation
According to Light Type, the market for light therapy is anticipated to expand at a CAGR of 5.6 percent over the course of the projected year. The market is expanding as a result of an increase in demand for non-invasive acne treatments that utilise light to kill bacteria on the skin. Additionally, the utilisation of blue light therapy will advance as blue light's various therapeutic applications do. The demand for blue light significantly increased during the COVID-19 pandemic. According to the study, blue light can act as an antibiotic against certain microorganisms. It renders dormant a number of viruses, including the coronavirus and the common flu virus.
The global fitness equipment market is divided into three segments based on end-user: home consumers, health clubs/gyms, and other commercial users. The need for fitness equipment in health clubs is being driven by the rise in the number of neighbourhood clubs, gyms, and fitness boutiques in nations including the United States, China, and Japan. The home consumer category, on the other hand, had the second-largest market share in 2021. because regular exercise and fitness activities are generating more customer interest. Customers are paying more attention to maintaining a healthy lifestyle and exercising on a regular basis due to the rise in obesity and cardiovascular disease.
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Fitness Equipment Market Key Players
• ICON Health Fitness, Inc.
• Brunswick Corporation
• Johnson Health Tech Co. Ltd.
• TechnogymS.p.A.
• Amer Sports Corporation
• Nautilus, Inc.
• Core Health and Fitness, LLC
• TRUE Fitness Technology, Inc.
• Impulse (Qingdao) Health Tech Co. Ltd.
• Torque Fitness, LLC.
• Star Trac Health and Fitness Inc.
• Body-Solid Inc.
• Yowza fitness
• Precor Incorporated
• Paramount Fitness Corp.
• NordikTrack Inc.
• Cybex International Inc.
• Body by Jake Global LLC
• Nautilus Inc.
• Fitness EM
• Motus
• Technogym
• Seca GmbH
• Omron Healthcare, Inc.
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Key questions answered in the Fitness Equipment Market are:
- What is Fitness Equipment?
- What are the factors driving the Fitness Equipment Market growth?
- What are the factors are limiting the Fitness Equipment Market growth?
- What was the Fitness Equipment market size in 2021?
- Which trends are expected to generate additional revenue for the Fitness Equipment market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Fitness Equipment Market?
- What growth strategies are the players considering to increase their foothold in the Fitness Equipment Market?
- Who held the largest market share in the Fitness Equipment Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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