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Physical Fitness Equipment - Global Market Trajectory & Analytics

  • ID: 338783
  • Report
  • July 2020
  • Region: Global
  • 331 Pages
  • Global Industry Analysts, Inc
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Global Physical Fitness Equipment Market to Reach $14.6 Billion by 2027

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.
Note: Product cover images may vary from those shown
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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

Fusion CST

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

DisruptiveStrong

Fitness Equipment that can Slash ExerciseTime and Increase Calories Burnt

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Physical Fitness Equipment Market Share (in %) by Company: 2018 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Physical Fitness Equipment Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 94

Note: Product cover images may vary from those shown
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