According to Research for Markets, the Global Fitness Equipment market is expected to grow from $11.99 billion in 2016 to reach $17.48 billion by 2023 with a CAGR of 5.5%. Increasing health awareness among the youth, rising obese population and increasing market initiatives for promoting good health by government and companies are some of the key factors fuelling the market. In addition, technological advancements such as wearable technologies and connected devices are fuelling the fitness equipment market. However, high costs of fitness equipment’s are hampering the market growth.
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By equipment type, cardiovascular training equipments are used to facilitate physical activity that the human body can use to promote good health, lose weight and even relieve stress. In addition use of these equipments give mental stress relief and minimizes the effects of depression. Treadmills, Stairclimbers, Exercise Bikes, Rowing Machines, Ellipticals and Circuit Weight Training are some of the cardiovascular training equipments. United States is the major contributor to the growth of these equipments owing to high obesity rates and increased health consciousness.
Geographically, Asia Pacific region is expected to witness huge growth due to rising aging population and increasing cardiovascular disorder among various age groups. Rapid urbanization, rising disposable income, and increasing youth population are the key propellants for the growth of the market in APAC countries as population is actively getting involved in fitness activities.
Some of the key players in the fitness equipment market are Johnson Health Tech Co. Ltd., Amer Sports Corporation, Icon Health & Fitness, Inc., Technogym S.p.A, Nautilus, Inc., Brunswick Corporation, Core Health and Fitness LLC, Torque Fitness LLC, Impulse (Qingdao) Health Tech Co. Ltd., True Fitness Technology, Inc., Matrix Fitness, Exigo, Octane Fitness, Precor incorporated and Kettler (GB) limited.
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Distribution Channels Covered:
- Offline Stores
- Online Stores
End Users Covered:
- Health Club
- Other End Users
Equipment Types Covered:
- Strength Training Equipment
- Cardiovascular Training Equipment
- Other Equipment Types
- North America
- Asia Pacific
- South America
- Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Table of Content
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fitness Equipment Market, By Distribution Channel
5.2 Offline Stores
5.3 Online Stores
6 Global Fitness Equipment Market, By End User
6.3 Health Club
6.4 Other End Users
7 Global Fitness Equipment Market, By Equipment Type
7.2 Strength Training Equipment
7.3 Cardiovascular Training Equipment
7.4 Other Equipment Types
8 Global Fitness Equipment Market, By Geography
8.2 North America
8.4 Asia Pacific
8.5 South America
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.1 Johnson Health Tech Co. Ltd.
10.2 Amer Sports Corporation
10.3 Icon Health & Fitness, Inc.
10.4 Technogym S.p.A
10.5 Nautilus, Inc.
10.6 Brunswick Corporation
10.7 Core Health and Fitness LLC
10.8 Torque Fitness LLC
10.9 Impulse (Qingdao) Health Tech Co. Ltd.
10.10 True Fitness Technology, Inc.
10.11 Matrix Fitness
10.13 Octane Fitness
10.14 Precor incorporated
10.15 Kettler (GB) limited
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