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Physical Fitness Equipment - Global Market Trajectory & Analytics

  • ID: 338783
  • Report
  • May 2021
  • Region: Global
  • 393 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amer Sports Corporation
  • Body-Solid, Inc.
  • Dyaco International Inc.
  • Life Fitness, Inc.
  • Precor Incorporated
  • SportsArt Fitness, Inc.
  • MORE

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


Amid the COVID-19 crisis, 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. After an early analysis of the business implications of the pandemic and its induced economic crisis, 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.

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 3.9% 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. 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, while 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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amer Sports Corporation
  • Body-Solid, Inc.
  • Dyaco International Inc.
  • Life Fitness, Inc.
  • Precor Incorporated
  • SportsArt Fitness, Inc.
  • MORE
I. METHODOLOGY

II. 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
  • Exhibit 1: Fitness Routine Changes of People as A Result of COVID-19
  • Commercial Fitness Equipment Takes a Hit as Gyms Face Hardships
  • Exhibit 2: UK Gym and Fitness Club Memberships in Million (2014: 2020E)
  • 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
  • Exhibit 3: 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
  • Exhibit 4: Classification of BMI
  • Exhibit 5: Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Exhibit 6: Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Rising Participation of Women in Sports and Fitness Due to Increasing Spending Power Boosts Sales
  • Surging Interest in Home Gym Exercising among Women
  • Big Sporting Events Underpin Sales Growth
  • Muscle Strengthening Equipment Gain Popularity among Youth
  • Cardio Equipment Outweigh Weights
  • Elliptical Trainers: Offering Advantages over Treadmills
  • Trends Towards Group Exercise Promotes Market Expansion
  • Technology Integration in Fitness Equipment for the Visually Impaired Augurs Well for the Market
  • Emerging Technologies, Advanced Software, and Personalized Solutions for Specialized Training Drive Demand from Military Sector
  • Favorable Demographic and Other Macro Trends Strengthen Market Prospects
  • Rising Need to Maintain Physical Activity among the Aging Population: A Weighty Growth Driver
  • Exhibit 7: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Exponential Increase in Urban Population
  • Exhibit 8: World Urban Population in Thousands: 1950-2050
  • Exhibit 9: Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Increasing Affluence of the Ballooning Middle Class Population
  • Exhibit 10: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Exhibit 11: Global Middle Class Spending (in US$ Trillion) by Geographic Region
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • 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
  • Exhibit 12: High Blood Pressure Prevalence in the US: Prevalence Rates for Male and Female Population by Age Groups
  • Prevalence of Diabetes Mellitus in the US
  • Exhibit 13: Diabetes and Population Statistics in North America and Caribbean Region (2019, 2030 & 2045)
  • Exhibit 14: 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
  • Exhibit 15: CVD in the US: Cardiovascular Disease* Prevalence in Adults by Gender & Age Group
  • Mounting Healthcare Spending Drives Uptake of Self Care Fitness Equipment
  • Exhibit 16: 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
  • Exhibit 17: Fitness Activity Participation in the US by Population Generation
  • Aging Population: An Important User Category for the Fitness Equipment Market
  • Exhibit 18: Aging Population in the US (2015 & 2030): 60 Years and Above Population (in Thousands) and Percentage of Population
  • Rising Population of Obese & Overweight People
  • Exhibit 19: Obesity Prevalence in the US Adult Population by Age Group: 2019
  • Health Club Demographics Remain Lackluster Due to Current Crisis
  • Exhibit 20: Health Clubs & Fitness Centers in the US for 2011, 2013, 2015, 2017 & 2019 (in ‘000s
  • Competitive Scenario
  • Exhibit 21: Market Share of Leading Players in the US Physical Fitness Equipment Market (2019)
CANADA

JAPAN
  • Market Overview
  • Health Awareness Prompts Fitness Drive in Japan
CHINA
  • Market Overview
  • Intensifying Competition
EUROPE
  • Market Overview
  • Outlook
  • Major Trends and Drivers
FRANCE

GERMANY
  • Market Overview
ITALY

UNITED KINGDOM
  • Market Overview
  • Home Gym and Fitness Equipment Market
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Market Overview
AUSTRALIA

INDIA
  • Market Overview
  • Domestic Fitness Industry: An Overview
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL
  • Market Overview
MEXICO

REST OF LATIN AMERICA

MIDDLE EAST
  • Market Overview
IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 97
Note: Product cover images may vary from those shown

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.
Note: Product cover images may vary from those shown
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