Fitness Equipment Market Competitive Landscape, Research Methodology, Business Opportunities, Statistics and Industry Analysis Report by 2025
The historical development trajectory of the global Fitness Equipment market is examined in the report, offering solid factual support to the analysis and estimations presented in the report.
Dallas, United States – May 21, 2021 /MarketersMedia/ —
Fitness equipment is any system or appliance used for physical activity to maintain overall weight, increase physical endurance, and gain muscle strength. Thanks to growth in health literacy, the market for fitness equipment has grown worldwide. Physical activity is also recommended during certain medical procedures. Treadmills, ellipticals, stationary cycling, weightlifting, and strength-building machines, and others are among the most widely used fitness equipment. Obesity prevalence is on the increase, and people are becoming more health-conscious, which has improved the global fitness equipment industry significantly.
Previously in 2018, the global fitness equipment market size was valued at USD 3.57 billion and expected to grow significantly over the forecast period.
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Furthermore, the use of fitness equipment has been fueled by an increase in the number of gym memberships, an increase in the selling of in-home equipment, an increase in the metropolitan population, and an increase in government programs to encourage a healthier lifestyle. The use of workout equipment is projected to rise among the general public. In-home fitness equipment has become popular as a result of sedentary lifestyles and hectic schedules. Exercising at home with workout equipment saves money on a gym membership. However, demand development is constrained by space constraints and high equipment costs.
The United States has the largest penetration of in-home fitness equipment. Free weights are one of the most widely used pieces of resistance equipment, and they come with both fixed and adjustable weights. Home workout machines with cables and flexible pulleys are available, including options for abdomen, back, stomach, arm, shoulder, leg press, and calf raises in a single multipurpose piece of equipment. Furthermore, the industry’s leading players are developing novel solutions. The growing popularity of bodybuilding and personality growth among the youth population leads to a rise in gym memberships and the use of aerobic equipment such as treadmills and spin bikes.
The global fitness equipment industry is divided into segments such as end-user, product, and geographical region. On the basis of product, the market is segmented into cardiovascular training equipment, strength training equipment, and other training equipment. In terms of end-user, the market is segregated into home consumers, health clubs/gyms, and others end-users. In terms of region, North America has the largest market revenue. Likewise, the Asia-Pacific market is also likely to grow at the fastest rate in the coming years. Rapid economic development and increased disposable income in the Asia-Pacific region have resulted in increased fast food spending as well as unhealthy lifestyles. Obesity, coronary disease, asthma, hypertension, and other bone conditions have all become more common as a result of this. People are becoming more mindful of the long-term effects of such conditions, which has inspired them to keep fit by exercising at gyms and wellness centers. In addition, rapid urbanization in emerging countries, an aging population, and growing per capita disposable income are projected to drive fitness equipment adoption in the region.
Leading players of the global fitness equipment market include Precor, Brunswick Corporation, Core Health and Fitness LLC, Exigo, Johnson Health Tech Co. Ltd., TRU Fitness Technology Inc., Technogym S.p.A., Torque Fitness LLC, HOIST Fitness Systems, Inc., Rogue Fitness, GZ Fitness Equipment Co., LTD., BFT Fitness, Jerai Fitness, and Tuntari New Fitness B.V.
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Key segments of the global fitness equipment market
Product Overview, 2014 – 2025 (Revenue USD Million)
Strength Training Equipment
Cardiovascular Training Equipment
Elliptical cross tanner
Rowing machines
Treadmills
Stationary bikes
Other Training Equipment
End-user Overview, 2014 – 2025 (Revenue USD Million)
Health Clubs/Gyms
Home Consumers
Others end user
Hotels
Corporates
Hospitals & Medical Centers
Public Institutions
Region Overview, 2014 – 2025 (Revenue USD Million)
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
Some Major Points from Table of Contents:
LIST OF FIGURE
FIG. 1 Global fitness equipment market, 2014 – 2025 (USD million)
FIG. 2 Rate of Obesity in some of the major countries, 1970 – 2030 (%)
FIG. 3 Gym & Fitness Club Membership in World, 2010 – 2016 (Million)
FIG. 4 Government and corporate initiatives
FIG. 5 Porter’s Five Forces Analysis of Fitness Equipment Market
FIG. 6 Global strength training equipment market, 2014 – 2025 (USD million)
FIG. 7 Global cardiovascular training equipment market, 2014 – 2025 (USD million)
FIG. 8 Global elliptical cardiovascular training equipment market, 2014 – 2025 (USD million)
FIG. 9 Global rowing machines training equipment market, 2014 – 2025 (USD million)
FIG. 10 Global stationary bike training equipment market, 2014 – 2025 (USD million)
FIG. 11 Global treadmills market, 2014 – 2025 (USD million)
FIG. 12 Global other cardiovascular training equipment market, 2014 – 2025 (USD million)
FIG. 13 Global other training equipment market, 2014 – 2025 (USD million)
FIG. 14 Global fitness equipment market for health clubs/gyms, 2014 – 2025 (USD million)
FIG. 15 Global fitness equipment market for home consumers, 2014 – 2025 (USD million)
FIG. 16 Global fitness equipment market for other end-users, 2014 – 2025 (USD million)
FIG. 17 Global fitness equipment market for hotels, 2014 – 2025 (USD million)
FIG. 18 Global fitness equipment market for corporate offices, 2014 – 2025 (USD million)
FIG. 19 Global fitness equipment market for hospitals & medical centers, 2014 – 2025 (USD million)
FIG. 20 Global fitness equipment market for public institutions, 2014 – 2025 (USD million)
FIG. 21 North America fitness equipment market, 2014 – 2025 (USD million)
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