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Physical Fitness Equipment - Global Market Trajectory & Analytics

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    Report

  • 393 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338783

Global Physical Fitness Equipment Market to Reach $19.4 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Physical Fitness Equipment estimated at US$13.5 Billion in the year 2020, is projected to reach a revised size of US$19.4 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Cardiovascular Training, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$11 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Strength Training segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 7.3% CAGR

The Physical Fitness Equipment market in the U.S. is estimated at US$4.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2027.

Other Equipment Types Segment to Record 4.2% CAGR

In the global Other Equipment Types segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$652.7 Million in the year 2020 will reach a projected size of US$852 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 97 Featured) -

  • Amer Sports Corporation
  • Precor Incorporated
  • BFT Fitness Co., Ltd.
  • Body-Solid, Inc.
  • Cybex International, Inc.
  • Life Fitness, Inc.
  • Dyaco International Inc.
  • Heart Rate Inc.
  • ICON Health & Fitness, Inc.
  • Johnson Health Tech Co., Ltd.
  • Nautilus, Inc.
  • Reebok International Ltd.
  • SportsArt Fitness, Inc.
  • Star Trac Health & Fitness, Inc.
  • Technogym S.p.A.
  • Total Gym Global Corp.
  • TRUE Fitness Technology, Inc.
  • Tunturi New Fitness B.V.
  • YANRE Fitness Equipment Co., Ltd.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Impact on Fitness Sector
  • Demand for Home Fitness Equipment Soars Amidst COVID-19 Pandemic
  • Fitness Routine Changes of People as A Result of COVID-19
  • Commercial Fitness Equipment Takes a Hit as Gyms Face Hardships
  • UK Gym and Fitness Club Memberships in Million (2014: 2020E)
  • Physical Fitness Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Physical Fitness Equipment: A Prelude
  • Types of Equipment
  • Outlook
  • Growth Drivers in a Nutshell
  • Key Growth Impeding Factors
  • Analysis by Segment
  • Developing Countries: Focal Point for Current and Future Market Growth
  • Competition
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Covid-19 Pandemic Boosts the Connected Fitness
  • Advanced Equipment Offer Futuristic Workouts
  • Technology Disrupts Fitness Regimen
  • Personalization and Immersive Experience Gain Space as Boutique Fitness Clubs Crop up
  • Technology to the Aid of Tread Mills
  • Major Trends in the Health, Wellness and Fitness Industry Summarized
  • Health and Fitness Clubs: A Major Market for Fitness Equipment
  • Considerations while Selecting Commercial Physical Fitness Equipment
  • Recovery in Gyms and Health Clubs to Improve Growth
  • Number of Health and Fitness Clubs Worldwide (in Thousands): 2011: 2025
  • Bodybuilders Remain the Core Customer Group for Commercial Equipment
  • Home Fitness Equipment: An Expanding Market
  • Key Trends Facilitating Transition to Home Workouts
  • Focus on Preventative Healthcare to Fuel Demand for Home Fitness Equipment
  • Rise in Adoption of Elliptical Trainers for Home Use
  • Growing Prominence of Exercise Bikes as an Effective Fitness Solution for Cardiovascular Health Drive Demand
  • Growing Overweight and Obese Population Benefit Market Prospects
  • Classification of BMI
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Rising Participation of Women in Sports and Fitness Due to Increasing Spending Power Boosts Sales
  • Surging Interest in Home Gym Exercising among Women
  • Big Sporting Events Underpin Sales Growth
  • Muscle Strengthening Equipment Gain Popularity among Youth
  • Cardio Equipment Outweigh Weights
  • Elliptical Trainers: Offering Advantages over Treadmills
  • Trends Towards Group Exercise Promotes Market Expansion
  • Technology Integration in Fitness Equipment for the Visually Impaired Augurs Well for the Market
  • Emerging Technologies, Advanced Software, and Personalized Solutions for Specialized Training Drive Demand from Military Sector
  • Favorable Demographic and Other Macro Trends Strengthen Market Prospects
  • Rising Need to Maintain Physical Activity among the Aging Population: A Weighty Growth Driver
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Exponential Increase in Urban Population
  • World Urban Population in Thousands: 1950-2050
  • Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Increasing Affluence of the Ballooning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Global Middle Class Spending (in US$ Trillion) by Geographic Region
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Physical Fitness Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Physical Fitness Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Physical Fitness Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Cardiovascular Training by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Cardiovascular Training by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Cardiovascular Training by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Strength Training by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Strength Training by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Strength Training by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Other Equipment Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Other Equipment Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Other Equipment Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Health Club/Gym by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Health Club/Gym by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Health Club/Gym by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Home Consumers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Home Consumers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Home Consumers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Established Nature of Physical Fitness Concept to Drive Future Growth
  • Fitness Fads in the US
  • Growth Promoters for Fitness Industry
  • Widening Consumer Base to Fuel Momentum in Home Segment
  • Rising Incidence of Chronic Diseases Heighten the Need for Physical Activity and Fitness Equipment
  • Hypertension Prevalence in the US
  • High Blood Pressure Prevalence in the US: Prevalence Rates for Male and Female Population by Age Groups
  • Prevalence of Diabetes Mellitus in the US
  • Diabetes and Population Statistics in North America and Caribbean Region (2019, 2030 & 2045)
  • Diabetes Statistics in the US (2019): Number of Adults with Diabetes (in 000s), Number of Adults with Undiagnosed Diabetes (in 000s), Diabetes Prevalence (%) and Number of Diabetes-Related Deaths (in ‘000s)
  • Surge in CVD Incidence in the US
  • CVD in the US: Cardiovascular Disease* Prevalence in Adults by Gender & Age Group
  • Mounting Healthcare Spending Drives Uptake of Self Care Fitness Equipment
  • US Healthcare Spending (2006-2020) (in US$ Trillion)
  • Rise in Adoption of New Technologies, and Equipment
  • Connected Devices Proliferate the Market
  • Smartphone Connected Devices Gain Traction
  • Age Based Participation Levels Favor Fitness Activities
  • Fitness Activity Participation in the US by Population Generation
  • Aging Population: An Important User Category for the Fitness Equipment Market
  • Aging Population in the US (2015 & 2030): 60 Years and Above Population (in Thousands) and Percentage of Population
  • Rising Population of Obese & Overweight People
  • Obesity Prevalence in the US Adult Population by Age Group: 2019
  • Health Club Demographics Remain Lackluster Due to Current Crisis
  • Health Clubs & Fitness Centers in the US for 2011, 2013, 2015, 2017 & 2019 (in ‘000s
  • Competitive Scenario
  • Market Share of Leading Players in the US Physical Fitness Equipment Market (2019)
CANADA
JAPAN
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Health Awareness Prompts Fitness Drive in Japan
CHINA
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Intensifying Competition
EUROPE
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Outlook
  • Major Trends and Drivers
FRANCE
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview
ITALY
UNITED KINGDOM
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Home Gym and Fitness Equipment Market
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
AUSTRALIA
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Domestic Fitness Industry: An Overview
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINA
BRAZIL
  • Market Overview
MEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Physical Fitness Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 97

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amer Sports Corporation
  • Precor Incorporated
  • BFT Fitness Co., Ltd.
  • Body-Solid, Inc.
  • Cybex International, Inc.
  • Life Fitness, Inc.
  • Dyaco International Inc.
  • Heart Rate Inc.
  • ICON Health & Fitness, Inc.
  • Johnson Health Tech Co., Ltd.
  • Nautilus, Inc.
  • Reebok International Ltd.
  • SportsArt Fitness, Inc.
  • Star Trac Health & Fitness, Inc.
  • Technogym S.p.A.
  • Total Gym Global Corp.
  • TRUE Fitness Technology, Inc.
  • Tunturi New Fitness B.V.
  • YANRE Fitness Equipment Co., Ltd.