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Fitness Equipment Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5031439
  • Report
  • March 2020
  • Region: Global
  • 520 Pages
  • Allied Analytics LLP
1 of 6

FEATURED COMPANIES

  • Amer Sports Corporation
  • Brunswick Corporation
  • Core Health, Fitness LLC
  • Nautilus Inc.
  • Technogym S.p.A
  • Torque Fitness LLC
  • MORE

Fitness equipment is any machine or device required for physical exercise to manage overall weight, improve physical stamina, and develop muscular strength. The demand for fitness equipment has increased globally, due to an increase in health awareness. In addition, physical exercise is advised during certain medical treatments. The most commonly used fitness equipment includes treadmills, elliptical, stationary bicycle weightlifting machines & strength building machines, and others. An increase in the prevalence of obesity and a rise in health consciousness has majorly boosted the growth of the global fitness equipment market. Furthermore, a surge in the number of gym memberships, a rise in the sale of in-home equipment, upsurge in urban population, and an increase in government initiatives to promote healthy life has fueled the adoption of fitness equipment.

Fitness equipment is widely used for physical fitness, weight management, and improving body stamina & muscular strength. The commonly used fitness equipment are treadmills, stationary bicycles, stair climbers, and weightlifting machines. Rise in awareness regarding health & fitness, increase in obese population, government initiatives to promote a healthy lifestyle, and an increase in youth population are the major factors that drive the growth of the global fitness equipment market. However, counterfeiting of fitness equipment is a key restraining factor of the market. On the contrary, upsurge in youth population, improved lifestyle, and a rise in disposable income of individuals in developing countries is anticipated to offer immense opportunities for the market players.

The global fitness equipment market is segmented into type, end user, and region. Depending on the type, the fitness equipment market is categorized into cardiovascular training equipment, strength training equipment, and other equipment. The cardiovascular training equipment segment is sub-segmented into treadmill, elliptical, stationary bike, rowing machine, and others. By end user, the market segregated into home consumer, health club/gym, and other commercial users. The home consumer segment is further fragmented into the home, apartment, and gyms in the apartment, whereas another commercial user is subdivided into hotel, corporate office, hospitals & medical center, and public institution.

Some of the key players in the fitness equipment market analysis includes ICON Health & Fitness, Inc., Brunswick Corporation, Johnson Health Tech Co., Ltd., Technogym S.p.A, Amer Sports Corporation, Nautilus, Inc., Core Health and Fitness, LLC, TRUE Fitness Technology, Inc., Impulse (Qingdao) Health Tech Co., Ltd., and Torque Fitness, LLC.

Fitness Equipment Market Segments

By Type

  • Cardiovascular Training Equipment
  • Treadmill
  • Elliptical
  • Stationary Bike
  • Rowing Machine
  • Others
  • Strength Training Equipment
  • Other Equipment

By End User

  • Home consumer
  • Home
  • Apartment
  • Gyms in Apartment
  • Health club/gym
  • Other commercial user
  • Hotel
  • Corporate Office
  • Hospitals & Medical Center
  • Public Institution

By Sales Channel

  • Hypermarket and Supermarket
  • Specialty Stores
  • Retail Pharmacies
  • Online sales Channel

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Portugal
  • Benelux
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • Korea
  • China
  • India
  • Hong Kong
  • Indonesia
  • Vietnam
  • Australia
  • Malaysia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Rest of LAMEA

Key Market Players

  • ICON Health & Fitness, Inc.
  • Brunswick Corporation
  • Johnson Health Tech Co., Ltd.
  • Technogym S.p.A
  • Amer Sports Corporation
  • Nautilus, Inc.
  • Core Health and Fitness, LLC
  • TRUE Fitness Technology, Inc.
  • Impulse (Qingdao) Health Tech Co., Ltd.
  • Torque Fitness, LLC.
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Amer Sports Corporation
  • Brunswick Corporation
  • Core Health, Fitness LLC
  • Nautilus Inc.
  • Technogym S.p.A
  • Torque Fitness LLC
  • MORE
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for the stakeholder
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.1.1. Rise in health consciousness
3.2.1.2. Increase in obese population across world
3.2.1.3. Initiatives by government to promote healthy lifestyle :
3.2.1.4. a rise in the number of gyms and fitness centers globally
3.2.1.5. High cost of fitness equipment
3.2.1.6. Increase in disposable income across emerging countries
3.2.2. Top winning strategies
3.2.3. Top winning strategies, by year, 2015-2018
3.2.4. Top winning strategies, by development, 2015-2018 (%)
3.2.5. Top winning strategies, by company, 2015-2018
3.2.6. Top investment pockets
3.2.7. Latest trends in the market
3.3. Porter’s five force analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Value chain analysis
3.5. Market share analysis
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Rise in health awareness
3.6.1.2. Increase in obese population
3.6.1.3. Increase in government initiatives to promote healthy lifestyle
3.6.1.4. Upsurge in number of gyms and fitness clubs
3.6.2. Restraint
3.6.2.1. High cost of fitness equipment
3.6.3. Opportunities
3.6.3.1. Increase in disposable income across emerging economies
3.6.3.2. Upsurge in young population in developing countries

CHAPTER 4: FITNESS EQUIPMENT MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Cardiovascular training equipment
4.2.1. Market size and forecast
4.2.2. Key market trends
4.2.3. Competitive scenario
4.2.4. Key growth factors and opportunities
4.2.5. Market analysis by country
4.2.6. Treadmills
4.2.7. Stationary cycles
4.2.8. Elliptical & others
4.3. Strength training equipment
4.3.1. Market size and forecast
4.3.2. Key market trends
4.3.3. Competitive scenario
4.3.4. Key growth factors and opportunities
4.3.5. Market analysis by country
4.3.6. Free weights
4.3.7. Other machines
4.4. Other Equipment
4.4.1. Market size and forecast
4.4.2. Key market trends
4.4.3. Competitive scenario
4.4.4. Key growth factors and opportunities
4.4.5. Market analysis by country
4.4.6. Activity monitors
4.4.7. Body analyzers

CHAPTER 5: FITNESS EQUIPMENT MARKET, BY USER
5.1. Overview
5.1.1. Market size and forecast
5.2. Home consumer
5.2.1. Market size and forecast
5.2.2. Market analysis by country
5.2.3. Home
5.2.4. Apartment
5.2.5. Gyms in Apartment
5.3. Health clubs/Gyms
5.3.1. Market size and forecast
5.3.2. Market analysis by country
5.4. Other commercial users
5.4.1. Market size and forecast
5.4.2. Market analysis by country
5.4.3. Hotels
5.4.4. Corporate offices
5.4.5. Hospitals & Medical Centers
5.4.6. Public Institutions (Schools, Universities, and Others)

CHAPTER 6: FITNESS EQUIPMENT MARKET BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by type
6.2.4. Market size and forecast, by user
6.2.5. Market size and forecast, by country
6.2.6. U. S.
6.2.6.1. Key market trends
6.2.6.2. Market size and forecast, by type
6.2.6.3. Market size and forecast, by end user
6.2.6.3.1. Market size and forecast, for home consumer
6.2.6.3.1.1. Home
6.2.6.3.1.2. Apartment
6.2.6.3.1.3. Gyms in apartment
6.2.6.3.2. Market size and forecast, for health club/gym
6.2.6.3.3. Market size and forecast, for other commercial users
6.2.6.3.3.1. Hotel
6.2.6.3.3.2. Corporate office
6.2.6.3.3.3. Hospitals & medical center
6.2.6.3.3.4. Public institution
6.2.7. Canada
6.2.7.1. Key market trends
6.2.7.2. Market size and forecast, by type
6.2.7.3. Market size and forecast, by end user
6.2.7.3.1. Market size and forecast, for home consumer
6.2.7.3.1.1. Home
6.2.7.3.1.2. Apartment
6.2.7.3.1.3. Gyms in apartment
6.2.7.3.2. Market size and forecast, for health club/gym
6.2.7.3.3. Market size and forecast, for other commercial users
6.2.7.3.3.1. Hotel
6.2.7.3.3.2. Corporate office
6.2.7.3.3.3. Hospitals & medical center
6.2.7.3.3.4. Public institution
6.2.7.4. Mexico
6.2.7.5. Key market trends
6.2.7.6. Market size and forecast, by type
6.2.7.7. Market size and forecast, by end user
6.2.7.7.1. Market size and forecast, for home consumer
6.2.7.7.1.1. Home
6.2.7.7.1.2. Apartment
6.2.7.7.1.3. Gyms in apartment
6.2.7.7.2. Market size and forecast, for health club/gym
6.2.7.7.3. Market size and forecast, for other commercial users
6.2.7.7.3.1. Hotel
6.2.7.7.3.2. Corporate office
6.2.7.7.3.3. Hospitals & medical center
6.2.7.7.3.4. Public institution
6.3. Europe
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by type
6.3.4. Market size and forecast, by user
6.3.5. Market size and forecast, by country
6.3.6. UK
6.3.6.1. Key market trends
6.3.6.2. Market size and forecast, by type
6.3.6.3. Market size and forecast, by end user
6.3.6.3.1. Market size and forecast, for home consumer
6.3.6.3.1.1. Home
6.3.6.3.1.2. Apartment
6.3.6.3.1.3. Gyms in apartment
6.3.6.3.2. Market size and forecast, for health club/gym
6.3.6.3.3. Market size and forecast, for other commercial users
6.3.6.3.3.1. Hotel
6.3.6.3.3.2. Corporate office
6.3.6.3.3.3. Hospitals & medical center
6.3.6.3.3.4. Public institution
6.3.6.4. France
6.3.6.5. Key market trends
6.3.6.6. Market size and forecast, by type
6.3.6.7. Market size and forecast, by end user
6.3.6.7.1. Market size and forecast, for home consumer
6.3.6.7.1.1. Home
6.3.6.7.1.2. Apartment
6.3.6.7.1.3. Gyms in apartment
6.3.6.7.2. Market size and forecast, for health club/gym
6.3.6.7.3. Market size and forecast, for other commercial users
6.3.6.7.3.1. Hotel
6.3.6.7.3.2. Corporate office
6.3.6.7.3.3. Hospitals & medical center
6.3.6.7.3.4. Public institution
6.3.6.8. Germany
6.3.6.9. Key market trends
6.3.6.10. Market size and forecast, by type
6.3.6.11. Market size and forecast, by end user
6.3.6.11.1. Market size and forecast, for home consumer
6.3.6.11.1.1. Home
6.3.6.11.1.2. Apartment
6.3.6.11.1.3. Gyms in apartment
6.3.6.11.2. Market size and forecast, for health club/gym
6.3.6.11.3. Market size and forecast, for other commercial users
6.3.6.11.3.1. Hotel
6.3.6.11.3.2. Corporate office
6.3.6.11.3.3. Hospitals & medical center
6.3.6.11.3.4. Public institution
6.3.6.12. Italy
6.3.6.13. Key market trends
6.3.6.14. Market size and forecast, by type
6.3.6.15. Market size and forecast, by end user
6.3.6.15.1. Market size and forecast, for home consumer
6.3.6.15.1.1. Home
6.3.6.15.1.2. Apartment
6.3.6.15.1.3. Gyms in apartment
6.3.6.15.2. Market size and forecast, for health club/gym
6.3.6.15.3. Market size and forecast, for other commercial users
6.3.6.15.3.1. Hotel
6.3.6.15.3.2. Corporate office
6.3.6.15.3.3. Hospitals & medical center
6.3.6.15.3.4. Public institution
6.3.6.16. Spain
6.3.6.17. Key market trends
6.3.6.18. Market size and forecast, by type
6.3.6.19. Market size and forecast, by end user
6.3.6.19.1. Market size and forecast, for home consumer
6.3.6.19.1.1. Home
6.3.6.19.1.2. Apartment
6.3.6.19.1.3. Gyms in apartment
6.3.6.19.2. Market size and forecast, for health club/gym
6.3.6.19.3. Market size and forecast, for other commercial users
6.3.6.19.3.1. Hotel
6.3.6.19.3.2. Corporate office
6.3.6.19.3.3. Hospitals & medical center
6.3.6.19.3.4. Public institution
6.3.6.20. Portugal
6.3.6.21. Key market trends
6.3.6.22. Market size and forecast, by type
6.3.6.23. Market size and forecast, by end user
6.3.6.23.1. Market size and forecast, for home consumer
6.3.6.23.1.1. Home
6.3.6.23.1.2. Apartment
6.3.6.23.1.3. Gyms in apartment
6.3.6.23.2. Market size and forecast, for health club/gym
6.3.6.23.3. Market size and forecast, for other commercial users
6.3.6.23.3.1. Hotel
6.3.6.23.3.2. Corporate office
6.3.6.23.3.3. Hospitals & medical center
6.3.6.23.3.4. Public institution
6.3.6.24. BENELUX
6.3.6.25. Key market trends
6.3.6.26. Market size and forecast, by type
6.3.6.27. Market size and forecast, by end user
6.3.6.27.1. Market size and forecast, for home consumer
6.3.6.27.1.1. Home
6.3.6.27.1.2. Apartment
6.3.6.27.1.3. Gyms in apartment
6.3.6.27.2. Market size and forecast, for health club/gym
6.3.6.27.3. Market size and forecast, for other commercial users
6.3.6.27.3.1. Hotel
6.3.6.27.3.2. Corporate office
6.3.6.27.3.3. Hospitals & medical center
6.3.6.27.3.4. Public institution
6.3.6.28. Rest of Europe
6.3.6.29. Key market trends
6.3.6.30. Market size and forecast, by type
6.3.6.31. Market size and forecast, by end user
6.3.6.31.1. Market size and forecast, for home consumer
6.3.6.31.1.1. Home
6.3.6.31.1.2. Apartment
6.3.6.31.1.3. Gyms in apartment
6.3.6.31.2. Market size and forecast, for health club/gym
6.3.6.31.3. Market size and forecast, for other commercial users
6.3.6.31.3.1. Hotel
6.3.6.31.3.2. Corporate office
6.3.6.31.3.3. Hospitals & medical center
6.3.6.31.3.4. Public institution
6.4. Asia-Pacific
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by type
6.4.4. Market size and forecast, by user
6.4.5. Market size and forecast, by user
6.4.6. Japan
6.4.6.1. Key market trends
6.4.6.2. Market size and forecast, by type
6.4.6.3. Market size and forecast, by end user
6.4.6.3.1. Market size and forecast, for home consumer
6.4.6.3.1.1. Home
6.4.6.3.1.2. Apartment
6.4.6.3.1.3. Gyms in apartment
6.4.6.3.2. Market size and forecast, for health club/gym
6.4.6.3.3. Market size and forecast, for other commercial users
6.4.6.3.3.1. Hotel
6.4.6.3.3.2. Corporate office
6.4.6.3.3.3. Hospitals & medical center
6.4.6.3.3.4. Public institution
6.4.6.4. Korea
6.4.6.5. Key market trends
6.4.6.6. Market size and forecast, by type
6.4.6.7. Market size and forecast, by end user
6.4.6.7.1. Market size and forecast, for home consumer
6.4.6.7.1.1. Home
6.4.6.7.1.2. Apartment
6.4.6.7.1.3. Gyms in apartment
6.4.6.7.2. Market size and forecast, for health club/gym
6.4.6.7.3. Market size and forecast, for other commercial users
6.4.6.7.3.1. Hotel
6.4.6.7.3.2. Corporate office
6.4.6.7.3.3. Hospitals & medical center
6.4.6.7.3.4. Public institution
6.4.6.8. China
6.4.6.9. Key market trends
6.4.6.10. Market size and forecast, by type
6.4.6.11. Market size and forecast, by end user
6.4.6.11.1. Market size and forecast, for home consumer
6.4.6.11.1.1. Home
6.4.6.11.1.2. Apartment
6.4.6.11.1.3. Gyms in apartment
6.4.6.11.2. Market size and forecast, for health club/gym
6.4.6.11.3. Market size and forecast, for other commercial users
6.4.6.11.3.1. Hotel
6.4.6.11.3.2. Corporate office
6.4.6.11.3.3. Hospitals & medical center
6.4.6.11.3.4. Public institution
6.4.7. India
6.4.7.1. Key market trends
6.4.7.2. Market size and forecast, by type
6.4.7.3. Market size and forecast, by end user
6.4.7.3.1. Market size and forecast, for home consumer
6.4.7.3.1.1. Home
6.4.7.3.1.2. Apartment
6.4.7.3.1.3. Gyms in apartment
6.4.7.3.2. Market size and forecast, for health club/gym
6.4.7.3.3. Market size and forecast, for other commercial users
6.4.7.3.3.1. Hotel
6.4.7.3.3.2. Corporate office
6.4.7.3.3.3. Hospitals & medical center
6.4.7.3.3.4. Public institution
6.4.7.4. Hong Kong
6.4.7.5. Key market trends
6.4.7.6. Market size and forecast, by type
6.4.7.7. Market size and forecast, by end user
6.4.7.7.1. Market size and forecast, for home consumer
6.4.7.7.1.1. Home
6.4.7.7.1.2. Apartment
6.4.7.7.1.3. Gyms in apartment
6.4.7.7.2. Market size and forecast, for health club/gym
6.4.7.7.3. Market size and forecast, for other commercial users
6.4.7.7.3.1. Hotel
6.4.7.7.3.2. Corporate office
6.4.7.7.3.3. Hospitals & medical center
6.4.7.7.3.4. Public institution
6.4.7.8. Indonesia
6.4.7.9. Key market trends
6.4.7.10. Market size and forecast, by type
6.4.7.11. Market size and forecast, by end user
6.4.7.11.1. Market size and forecast, for home consumer
6.4.7.11.1.1. Home
6.4.7.11.1.2. Apartment
6.4.7.11.1.3. Gyms in apartment
6.4.7.11.2. Market size and forecast, for health club/gym
6.4.7.11.3. Market size and forecast, for other commercial users
6.4.7.11.3.1. Hotel
6.4.7.11.3.2. Corporate office
6.4.7.11.3.3. Hospitals & medical center
6.4.7.11.3.4. Public institution
6.4.8. Vietnam
6.4.8.1. Key market trends
6.4.8.2. Market size and forecast, by type
6.4.8.3. Market size and forecast, by end user
6.4.8.3.1. Market size and forecast, for home consumer
6.4.8.3.1.1. Home
6.4.8.3.1.2. Apartment
6.4.8.3.1.3. Gyms in apartment
6.4.8.3.2. Market size and forecast, for health club/gym
6.4.8.3.3. Market size and forecast, for other commercial users
6.4.8.3.3.1. Hotel
6.4.8.3.3.2. Corporate office
6.4.8.3.3.3. Hospitals & medical center
6.4.8.3.3.4. Public institution
6.4.9. Australia
6.4.9.1. Key market trends
6.4.9.2. Market size and forecast, by type
6.4.9.3. Market size and forecast, by end user
6.4.9.3.1. Market size and forecast, for home consumer
6.4.9.3.1.1. Home
6.4.9.3.1.2. Apartment
6.4.9.3.1.3. Gyms in apartment
6.4.9.3.2. Market size and forecast, for health club/gym
6.4.9.3.3. Market size and forecast, for other commercial users
6.4.9.3.3.1. Hotel
6.4.9.3.3.2. Corporate office
6.4.9.3.3.3. Hospitals & medical center
6.4.9.3.3.4. Public institution
6.4.10. Malaysia
6.4.10.1. Key market trends
6.4.10.2. Market size and forecast, by type
6.4.10.3. Market size and forecast, by end user
6.4.10.3.1. Market size and forecast, for home consumer
6.4.10.3.1.1. Home
6.4.10.3.1.2. Apartment
6.4.10.3.1.3. Gyms in apartment
6.4.10.3.2. Market size and forecast, for health club/gym
6.4.10.3.3. Market size and forecast, for other commercial users
6.4.10.3.3.1. Hotel
6.4.10.3.3.2. Corporate office
6.4.10.3.3.3. Hospitals & medical center
6.4.10.3.3.4. Public institution
6.4.11. Rest of Asia-Pacific
6.4.11.1. Key market trends
6.4.11.2. Market size and forecast, by type
6.4.11.3. Market size and forecast, by end user
6.4.11.3.1. Market size and forecast, for home consumer
6.4.11.3.1.1. Home
6.4.11.3.1.2. Apartment
6.4.11.3.1.3. Gyms in apartment
6.4.11.3.2. Market size and forecast, for health club/gym
6.4.11.3.3. Market size and forecast, for other commercial users
6.4.11.3.3.1. Hotel
6.4.11.3.3.2. Corporate office
6.4.11.3.3.3. Hospitals & medical center
6.4.11.3.3.4. Public institution
6.4.11.4. LAMEA
6.4.12. Key market trends
6.4.13. Key growth factors and opportunities
6.4.14. Market size and forecast, by type
6.4.15. Market size and forecast, by user
6.4.16. Brazil
6.4.16.1. Key market trends
6.4.16.2. Market size and forecast, by type
6.4.16.3. Market size and forecast, by end user
6.4.16.3.1. Market size and forecast, for home consumer
6.4.16.3.1.1. Home
6.4.16.3.1.2. Apartment
6.4.16.3.1.3. Gyms in apartment
6.4.16.3.2. Market size and forecast, for health club/gym
6.4.16.3.3. Market size and forecast, for other commercial users
6.4.16.3.3.1. Hotel
6.4.16.3.3.2. Corporate office
6.4.16.3.3.3. Hospitals & medical center
6.4.16.3.3.4. Public institution
6.4.16.4. Rest of LAMEA
6.4.16.5. Key market trends
6.4.16.6. Market size and forecast, by type
6.4.16.7. Market size and forecast, by end user
6.4.16.7.1. Market size and forecast, for home consumer
6.4.16.7.1.1. Home
6.4.16.7.1.2. Apartment
6.4.16.7.1.3. Gyms in apartment
6.4.16.7.2. Market size and forecast, for health club/gym
6.4.16.7.3. Market size and forecast, for other commercial users
6.4.16.7.3.1. Hotel
6.4.16.7.3.2. Corporate office
6.4.16.7.3.3. Hospitals & medical center
6.4.16.7.3.4. Public institution

CHAPTER 7: COMPANY PROFILE
7.1. ICON HEALTH & FITNESS, INC.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. SWOT analysis
7.2. BRUNSWICK CORPORATION
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.2.7. SWOT analysis
7.3. JOHNSON HEALTH TECH CO. , LTD.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.3.7. SWOT analysis
7.4. TECHNOGYM S. P. A.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.4.7. SWOT analysis
7.5. AMER SPORTS CORPORATION
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.5.7. SWOT analysis
7.6. NAUTILUS, INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.6.7. SWOT analysis
7.7. CORE HEALTH & FITNESS, LLC.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. Key strategic moves and developments
7.8. TRUE FITNESS TECHNOLOGY, INC.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.8.4. Key strategic moves and developments
7.9. TORQUE FITNESS LLC
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Key strategic moves and developments
7.9.4. SWOT analysis
7.10. IMPULSE (QINGDAO) HEALTH TECH LTD. CO.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Key strategic moves and developments
7.10.5. SWOT analysis
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amer Sports Corporation
  • Brunswick Corporation
  • Core Health, Fitness LLC
  • Nautilus Inc.
  • Technogym S.p.A
  • Torque Fitness LLC
  • MORE

According to this report titled, 'Fitness Equipment Market by Type, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027,' the global fitness equipment market size was $11.5billionin 2019, and is projected reach $15.2 billion by 2026, registering a CAGR of 3.5% from 2020 to 2027

Fitness equipment are widely used for physical fitness, weight management, and improving body stamina & muscular strength. The commonly used fitness equipment are treadmills, stationary bicycles, stair climbers, and weightlifting machines. Rise in awareness regarding health & fitness, increase in obese population, government initiatives to promote healthy lifestyle, and an increase in youth population are the major factors that drive the growth of the global fitness equipment market. However, counterfeiting of fitness equipment is a key restraining factor of the market. On the contrary, upsurge in youth population, improved lifestyle, and a rise in disposable income of individual in developing countries are anticipated to offer immense opportunities for the market players.

An alarming rise in global obesity, especially in urban areas, supplements the growth of the fitness equipment market. According to the WHO, there has been a startling increase in the number of obese people worldwide. In 2016, world’s 39% of adults aged 18 years and above were overweight and 13% were obese. Obesity is associated to a number of health issues or disorders such as sudden cardiac arrest, hypertension, hypotension, and diabetes. Therefore, to lose weight, reduce stress, and improve blood circulation, obese people tend to use more of fitness equipment, thereby increasing the sales for these products.

According to Shankar Bh andalkar, Team Lead-Research, Consumer Goods, “Medium-priced cardiovascular fitness equipment with smarter workout tracking, and entertainment features are expected to attract more customers in developing countries such as India and China, due to price sensitivity. However, the developed markets are anticipated to be driven by high-end equipment with advanced and sophisticated user engagement and monitoring feature.”

The global fitness equipment market is segmented into type, end user, and region. Depending on type, the fitness equipment market is categorized into cardiovascular training equipment, strength training equipment, and other equipment. The cardiovascular training equipment segment is sub segmented into treadmill, elliptical, stationary bike, rowing machine, and others. By end user, the market segregated into home consumer, health club/gym, and other commercial user. The home consumer segment is further fragmented into home, apartment, and gyms in apartment, whereas other commercial user is subdivided into hotel, corporate office, hospitals & medical center, and public institution.

KEY FINDINGS OF THE STUDY

  • North America dominates in terms of fitness equipment market share and is expected to retain its dominance during the forecast period.
  • In 2018, based on type, the cardiovascular training equipment segment leads in terms of market share, and is expected to gain market share in the upcoming years
  • The home consumer segment accounted for about one-third share of the fitness equipment market in 2018, however health club/gym segment is poised to grow at highest CAGR during the forecast period.
  • Health club/gymsegmentis expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 4.1% during the forecast period.
  • Based on region, Asia-Pacific is anticipated to grow with robust CAGR of 6.6% during the forecast period.

Companies can operate their business in highly competitive market by launching new products or updated versions of existing products. Partnership/collaboration agreement with key stakeholders is expected to be a key strategy to sustain in the market. In the recent past, many leading players opted for product launch or partnership strategies to strengthen their foothold in the market. To underst and the key trends of the market, strategies of leading players are analyzed in the report. Some of the key players in the fitness equipment market analysis includes ICON Health & Fitness, Inc., Brunswick Corporation, Johnson Health Tech Co., Ltd., Technogym S.p.A, Amer Sports Corporation, Nautilus, Inc., Core Health and Fitness, LLC, TRUE Fitness Technology, Inc., Impulse (Qingdao) Health Tech Co., Ltd., and Torque Fitness, LLC.

Note: Product cover images may vary from those shown
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  • ICON Health & Fitness Inc.
  • Brunswick Corporation
  • Johnson Health Tech Co. Ltd.
  • Technogym S.p.A
  • Amer Sports Corporation
  • Nautilus Inc.
  • Core Health, Fitness LLC
  • TRUE Fitness Technology Inc.
  • Impulse (Qingdao) Health Tech Co. Ltd.
  • Torque Fitness LLC
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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