Amid the COVID-19 crisis, the global market for Physical Fitness Equipment estimated at US$11.3 Billion in the year 2020, is projected to reach a revised size of US$14.6 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Cardiovascular Training, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$8.2 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 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 6.7% CAGR
The Physical Fitness Equipment market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Other Equipment Types Segment to Record 4.3% CAGR
In the global Other Equipment Types segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$855.3 Million in the year 2020 will reach a projected size of US$1.1 Billion 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 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 331-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Amer Sports Corporation
- BFT Fitness Co., Ltd.
- Body-Solid, Inc.
- Brunswick Corporation
- Cybex International, Inc.
- Dyaco International Inc.
- Heart Rate Inc.
- ICON Health & Fitness, Inc.
- Johnson Health Tech Co., Ltd.
- Life Fitness, Inc.
- Nautilus, Inc.
- Precor Inc.
- Technogym S.p.A.
- TRUE Fitness Technology, Inc.
- Tunturi New Fitness B.V.
- YANRE Fitness Equipment Co., Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Physical Fitness Equipment: Enabling Fitnessthrough Cardiovascular Training, Strength Training, and Muscle Building
Recent Market Activity
Key Trends Influencing Fitness EquipmentMarket Summarized
Growth Drivers in a Nutshell
Key Growth Impeding Factors in a Nutshell
Connected Consumers and the Digital Disruptionin the Fitness Industry: FundamentalGrowth Drivers
Convergence of Fitness and Technology
Influence of Gen Y and Gen Z on the Marketplace
Self-Serve and On-Demand Experience
Digital Disruption Drive Focus on Innovation
Holistic Approach towards Health
Measuring Health Become More Personal
Digital Community-based Approach to Fitness
Major Technologies that are Transforming the Fitness Industry
Global Market Outlook
Developed Markets: Traditional Revenue Generators Continue to Maintain their Dominance
Global Competitor Market Shares
Physical Fitness Equipment Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Amer Sports Corporation (Finland)
Precor Incorporated (USA)
BFT Fitness Co., Ltd. (China)
Body-Solid, Inc. (USA)
Brunswick Corporation (USA)
Cybex International, Inc. (USA)
Life Fitness, Inc. (USA)
Dyaco International Inc. (Taiwan)
Heart Rate Inc. (USA)
Heinz Kettler GmbH und Co. KG (Germany)
ICON Health & Fitness, Inc. (USA)
Johnson Health Tech Co., Ltd. (Taiwan)
Nautilus, Inc. (USA)
Reebok International Ltd. (USA)
SportsArt Fitness, Inc. (USA)
Star Trac Health & Fitness, Inc. (USA)
Technogym S.p.A. (Italy)
Total Gym Global Corp. (USA)
TRUE Fitness Technology, Inc. (USA)
Paramount Fitness Corp. (USA)
Tunturi New Fitness B.V. (The Netherlands)
YANRE Fitness Equipment Co., Ltd. (China)
3. MARKET TRENDS & DRIVERS
Booming Health and Wellness Industry andExponential Increase in Health & Fitness Clubs Drive Demand for Commercial Equipment
Growing Number of Health and Fitness Clubs Worldwide
Facilities with Advanced Equipment Offer Futuristic Workouts with Immense Health Benefits
Major Trends in the Health, Wellness and Fitness Industry Summarized
Considerations while Selecting CommercialPhysical Fitness Equipment
Bodybuilders Remain the Core Customer Groupfor Commercial Equipment
Flexibility, Privacy, and Minimal Distraction Benefits Drive Demand for Home Fitness Equipment
Key Trends Facilitating Transition to Home Workouts
Rising Incidents of Lifestyle Diseases
Demand for Online Fitness Programs
Adoption of Wearable Devices
Popularity of Functional Fitness
Alternative Fitness Coaching
Focus on Preventative Healthcare to Fuel Demand for Home Fitness Equipment
Myriad Benefits Drive Adoption of Elliptical Trainersfor Home Use
Rising Need to Maintain Physical Activity amongthe Aging Population: A Weighty Growth Driver
Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
Growing Overweight and Obese Population BenefitMarket Prospects for Treadmills andOther Fitness Equipment
Emerging Technologies, Advanced Software, and Personalized Solutions for Specialized TrainingDrive Demand from Military Sector
Emergence of New Technologies
Personalized Solutions for Specialized Training
Incorporation of Advanced Software
Growing Prominence of Exercise Bikes as anEffective Fitness Solution for Cardiovascular Health Drive Demand
Cardiovascular Diseases: Key Facts & Figures
Rising Participation of Women in Sports and Fitness Due to Increasing Spending Power Boosts Sales
Large Number of Women Adopt Fitness,Sports Nutrition and Wearable Technology
Surging Interest in Home Gym Exercisingamong Women
Big Sporting Events Underpin Sales Growth
Muscle Strengthening Equipment Gain Popularityamong Youth
Cardio Equipment Outweigh Weights
Elliptical Trainers: Offering Advantagesover Treadmills
Stationary Upright Exercise Bicycle: Idealfor Cardio Workouts
Treadmill Desks: The New Fad
Trends Towards Group Exercise PromotesMarket Expansion
Technology Integration in Fitness Equipmentfor the Visually Impaired Augurs Well for the Market
Developing Countries: Focal Point for Current andFuture Market Growth
Increasing Production Activity to FavorMarket Growth
Favorable Demographic & Economic Trends Strengthen Market Prospects
The VUE VR Treadmill
Peloton-Tread: High-Technology Integrated Treadmill
Fitness Equipment & Device Innovations at CES 2018
Treadmills with Heart Rate Monitors
Fitness Equipment with Multiple Hi-Tech Features
Fitness Equipment that can Slash ExerciseTime and Increase Calories Burnt
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Physical Fitness Equipment Market Share (in %) by Company: 2018 & 2025
Market Facts & Figures
European Physical Fitness Equipment Market: Competitor Market Share Scenario (in %) for 2018 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 94