"The Fitness Equipment Market document provides insights into consumers' demands, preferences, and their changing preferences for a particular product. This market report is a verified source of information that offers a telescopic view of current market trends, situations, opportunities, and status. The market analysis examines various segments expected to witness the fastest growth based on the approximated forecast frame. Granular market information can assist clients in making efficient business decisions, and the same is provided with the Fitness Equipment Market research report. This credible report covers all aspects of the market necessary to generate the finest and top-notch market research report.
An international Fitness Equipment Market business report systematically gathers, records, and analyzes data related to the marketing of goods and services, serving businesses with an excellent market research report. The report offers CAGR value fluctuation during the forecast period of 2022-2029 for the market. This market research report provides excellent business solutions that can overcome many business challenges. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. Thus, the wide-ranging market information in a first-rate Fitness Equipment Market document is sure to grow business and improve return on investment (ROI).
The growing desire for health and fitness now drives the exercise equipment industry. The growth of the fitness equipment market is driven by key factors such as increasing urbanization, the prevalence of obesity and chronic diseases due to unhealthy lifestyles, and growing corporate wellness programs and demand from various industries. Moreover, growing awareness about the consequences of increasing obesity, the growing geriatric population, and the growing demand for minimally invasive and non-invasive surgeries fuel the market’s overall growth. On the other hand, high costs of installation or setup of equipment or devices and increasing demand for the resale of cost-saving exercise equipment are estimated to restrain the market growth during the forecast period.
Explore Further Details about This Research Fitness Equipment Market Report https://www.databridgemarketresearch.com/reports/fitness-equipment-market
Data Bridge Market Research analyzes that the global fitness equipment market is expected to reach the value of USD 17,580.99 million by 2030, at a CAGR of 7.0% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2020-2015) |
Quantitative Units | Revenue in USD Million, Pricing in USD |
Segments Covered | By Product Type (Strength Training Equipment, Cardiovascular Training Equipment, Body Composition Analyzers, Fitness Monitoring Equipment and Others), Application (Weight Loss, Body Building, Physical Fitness, Mental Fitness and Others), Gender (Male and Female), Buyer Type (Individual, Institution and Others), Usage (Residential and Commercial), Type (Outdoor and Indoor), End User (Health Clubs/Gyms, Home Consumer, Hotels, Corporates, Hospital and Medical Centers, Public Institutions and Others), Distribution Channel (Retail Stores, Specialty and Sports Shops, Department and Discount Stores, Online and Others) |
Countries Covered | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Belgium, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, and Rest of Middle East and Africa |
Market Players Covered | Nautilus, Inc., Life Fitness, Johnson Health Tech, TECHNOGYM S.p.A, TRUE, Impulse (QingDao) Health Tech CO., LTD, iFIT, Torque Fitness., Body-Solid Inc., Core Health & Fitness, LLC., Precor Incorporated, Afton, Fitness World, Shanghai Define Health Tech CO LTD, REALLEADER FITNESS CO., LTD, Shandong Aoxinde Fitness Equipment Co., Ltd., BFT Fitness, Yanre Fitness, FITKING FITNESS, and Fitline India. |
Global Fitness Equipment Market Definition
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. Exercise equipment is a machine that resists a person while they perform physical exercises to increase strength and endurance, manage weight and improve flexibility. It helps to enhance the personality and appearance. Treadmills, elliptical machines, weight machines, free weights and other exercise equipment are available. These devices have been used by fitness centers, gyms, home users and corporate offices. According to (VA.gov), cardio equipment with preset programs is considered commercial. Use programs for those with a wide range of aerobic abilities.
Global Fitness Equipment Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Growing Number of People Involved in Physical Activities Competitions
Physical activity has significant health benefits for the heart, body, and mind, and exercise helps prevent and manage non-communicable diseases such as cardiovascular disease, cancer, and diabetes. Nowadays, people worldwide can take their hard fitness training results to competitive tournaments and test their skills at various functional fitness events. There are many fitness activities competitions, such as powerlifting, bodybuilding, long distance running events, fun runs, and cross-fit competitions. So many companies and fitness organizations have taken the initiative and arranged various fitness competitions and outdoor activities. The participation rate of men was higher (20.7 percent) than women (18 percent). This included sports, exercise, and other active leisure activities.
Thus, growing numbers of people involved in physical activities drive market growth.
- Covid-19 Pandemic Resulted in a Rising Demand for Home Fitness Equipment
The COVID-19 pandemic has had a substantial positive impact on the fitness equipment sector. The pandemic has imposed new norms and regulations, such as social distancing and lockdowns, to prevent the spread of the virus. As a result, people worldwide were forced to stay at home, which led to new trends such as working at home. The growing popularity of home workouts has increased the demand for exercise equipment during the pandemic. The increased focus on self-care, exercise, and health have helped fitness apps and platforms gain significant traction in the wake of the pandemic. In addition, the pandemic has also propelled non-fitness enthusiasts to give more importance to maintaining their health and fitness, which thus helps to generate traction.
Moreover, the COVID-19 pandemic has also enhanced the demand for at-home fitness equipment and fitness apps so much that the number of fitness equipment sold-out online and fitness app downloads increased by almost 30% in 2020.
The report provides insights on the following pointers:
- Fitness Equipment Market Penetration: Comprehensive information on the product portfolios of the top players in the Fitness Equipment Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Fitness Equipment Market.
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