Fitness Equipment Market Size & Share 2020-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research
Europe fitness equipment market size to cross $4 billion valuation by 2026 | Cardiovascular equipment segment to boost growth in North American market | Asia Pacific industry to register 7% CAGR through the projected duration
Pune, India – August 3, 2021 /MarketersMedia/ —
Graphical Research has launched a report on fitness equipment market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
The following 9 trends are expected to mark the progression of the fitness equipment market outlook:
Strength equipment to gain traction across Europe
As strength equipment can significantly boost bone health and offer relief in conditions such as arthritis, the demand for dumbbells, barbells, and free weights has been seeing a rising curve in the recent past. The lower costs of this equipment make them an ideal choice for individuals who prefer home gyms. These factors have been fueling the Europe fitness equipment market outlook. In addition, one can expect the health & fitness sector to regain momentum post the COVID-19 crisis.
Home gym equipment use to expand across in Europe
The trending popularity of home workouts and virtual workout sessions across the European countries has been spurring the expansion of the home gym equipment segment. With the COVID-19 pandemic forcing the closure of gyms and fitness clubs, home workouts are increasingly being preferred even in post-pandemic times due to their high convenience and lower costs.
Access sample pages of the report, “Europe Fitness Equipment Market Forecasts 2026” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1405/sample
Several market players have been seeking to stay ahead of the curve by offering live workout classes with an experienced fitness trainer to customers. For instance, Technogym introduced its live digital platform through which operators can stream studio classes or clubs to the members at home.
Connected gym equipment across North America
With the internet of things (IoT) making inroads into almost every sector, the trend of connected devices across gyms and fitness centers is gaining ground. The advancements in technology has been popularizing smart and wearable devices, featuring integration with artificial intelligence (AI) and cloud technologies.
This trend has been encouraging individuals to engage in immersive workout sessions, enhancing their experience. The North America fitness equipment market share is slated to expand with numerous market players offering customized solutions to their customers via digitally connected fitness equipment.
Spiraling health club memberships across U.S.
With the number of health club memberships soaring in the U.S., the North America fitness equipment industry forecast is expected to progress significantly. The reopening of health clubs, fitness centers, and gyms has ensured that the volume of these memberships expands further after the coronavirus pandemic. During 2018, the total number of gym memberships was over 62 million, according to the International Health, Racquet & Sportsclub Association (IHRSA).
Additionally, the demand for gym equipment such as leg press machines is likely to augment considerably across health clubs by 2026, since these machines are suitable for beginners as well as people recovering from injuries. The growing focus toward the development of glutes, quads, and hamstrings has been promoting the adoption of leg press machines across the region.
Access sample pages of the report, “North America Fitness Equipment Market Forecasts 2026” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1409/sample
Gym infrastructure across North American corporate sector
In order to ensure optimal health & fitness of their employees, several corporate companies including Microsoft, Intel, and Google have been providing gym and health center facilities across their campuses. A significant number of enterprises have realized the need to provide employees with resources to maintain their health. The concerns regarding the overall health & wellbeing as well as optimum productivity of the workforce is expected to push the demand for gym equipment across North American countries.
Cardiovascular gym equipment to sees higher demand
The rising risk of heart conditions manifested through the surging number of heart failure cases in the region has been fostering the demand for cardiovascular equipment in North America. The cardio equipment segment held a share of more than 50% of the total revenue during 2019.
Efforts toward achieving weight loss and improved heart health has been driving the regional fitness equipment market outlook. Exercise bikes, treadmills, climbers, and elliptical machines are some types of cardio equipment displaying consistent adoption.
Growing awareness regarding health & fitness across APAC
Triggered by the spiraling prevalence of chronic conditions such as diabetes and cardiovascular disorders, a significant rise in health-related awareness is observed amongst the population across Asia Pacific. The growth in the spread of information about heart health and the risks posed by health conditions such as obesity has been creating more demand for commercial gym equipment and home gym equipment alike. Across developing countries gym equipment is now available with easy financing and payment options.
Spike in deployment across leading hotels in Asia Pacific
Numerous leading hotels across Asia Pacific have been offering gym facilities as part of their enhanced infrastructure. For instance, in Singapore the prominent hotels such as The Westin and Marina Bay Sands provide a 24-hour gym facility to guests. The growing demand from hotels has been generating higher revenue across the Asia Pacific fitness equipment market forecast. The thriving hospitality sector will certainly add to this propulsion.
Rising burden of heart disease across Asia Pacific
The marked rise in the prevalence of heart disease in countries such as India, Singapore, and Taiwan has been responsible for the growth in the deployment of cardio gym equipment in the region for promoting heart health. During 2017, every passing 25 minutes bore witness to one death due to heart disease in Taiwan, according to the Taipei Times.
Amer Sports Corporation, Torque Fitness, Hoist Fitness Systems, Technogym S.p.A., Johnson Health Tech, True Fitness, Heinz Kettler, and Nautilus Inc. are some leading manufacturers of fitness equipment throughout the world.
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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