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Fitness Equipment Market by Type, by End User - Global Opportunity Analysis and Industry Forecast, 2020 - 2030

  • ID: 5215109
  • Report
  • March 2020
  • Region: Global
  • 582 pages
  • Next Move Strategy Consulting
1 of 4

FEATURED COMPANIES

  • Amer Sports Corporation
  • Brunswick Corporation
  • Nautilus, Inc
  • Technogym S.P.A
  • Torque Fitness LLC
  • MORE
Market Definition:

The Global Fitness Equipment Market size was valued at USD 11.44 billion in 2019 and is predicted to reach USD 16.56 billion by 2030, with a CAGR of 3.3% from 2020-2030.

Any machine or apparatus utilized during physical activity, with an objective to sculpt the body, manage the BMI, improve bone & muscle strength, as well as boost-up the immunity and stamina, are known as fitness equipment. Commonly used fitness equipment are treadmills, stationary bicycles, ellipticals, strength building machines, stretching machines, weightlifting machines, and others. Physical activities involving fitness equipment are recommended by medical practitioners to cope with certain ailments.

According to the Global Burden of Disease report presented by the World Health Organization, about 4 million people died of obesity worldwide, in the year 2017. At global level 1.9 billion adults (18+age) were overweight of which 650 million people were obese. Additionally, in the year 2019, nearly 38 million children under the age of 5, were either overweight or obese. This global scenario has fostered the growth of fitness equipment market in the past and is expected to supplement the market growth in coming future.

Market Dynamics and Trends

The increasing prevalence of obesity, diabetes, hypertension, bone deformations, and cardiac diseases, is leading towards higher demand of health and fitness equipment, thereby propagating the growth of fitness equipment market.

Furthermore, factors such as proliferating number of gyms, health-clubs and training centres, higher adoption of in-home fitness equipment, attractive yearly membership packs offered by gyms to influence more customers, and increasing influence of the social-media trend to stay fit, are anticipated to pave new avenues for the growth of global fitness equipment market, throughout the forecast period.

However, high costing fitness equipment and space constraints are the limiting factors, anticipated to hamper the growth of global fitness equipment market, during the forecast period.

Moreover, increasing awareness regarding fit & healthy lifestyles, higher standards of living, and government initiatives emphasizing on the importance of staying fit, are the factors expected to create lucrative opportunities for the growth of global fitness equipment market, in coming future.

Market Segmentations and Scope of the Study:

The global fitness equipment market share has been analyzed based on type, end user and geography.

Based on type, the fitness equipment market is segmented into cardiovascular training equipment, strength training equipment and others. The cardiovascular training segment is sub classified into treadmill, stationary bike, elliptical, rowing machine, and others. The strength training equipment segment is further divided into weight-lifting equipment, weights, barbells & ladders, extension machines, and power racks. Based on end user, the fitness equipment market is divided into home consumer, health club/gym, and other commercial users. The other Commercial User segment is further sub-segmented into hospitals & medical center, hotel, corporate office, and public institution. Geographic breakdown and analysis of each of the previously mentioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America region is expected to dominate the global fitness equipment market, accounting for the highest market share throughout the forecast period. This is attributed to higher inclination towards fitness trends, increased awareness regarding healthy lifestyles, unhealthy food habits and sedentary lifestyles leading to higher requirements of exercising equipment. Furthermore, well established gyms, training centers, and health clubs in this region along with availability of highly advanced training equipment, tend to foster the growth of fitness equipment market.

Asia Pacific region demonstrate a substantial growth in the fitness equipment market and is expected to grow with the highest CAGR values throughout the forecast period, owing to higher prevalence of diseases like hypertension, diabetes, obesity, and others, specifically in the youth. Furthermore, rapid urbanization, increasing awareness towards healthy lifestyles, government initiatives encouraging healthy & fit lifestyles and increase in per capita disposable income, are fueling the growth of fitness equipment market in this region.

Competitive Landscape

The fitness equipment market is highly competitive and consists of various market players that include Johnson Health Tech Co. Ltd., Matrix Fitness, Icon Health & Fitness, Inc., Torque Fitness LLC., Nautilus, Inc., True Fitness Technology, Inc., Technogym S.p.A., Impulse (Qingdao) Health Tech Co. Ltd., Exigo-UK, Amer Sports Corporation, Kettler (GB) Limited, Octane Fitness Life Fitness a subsidiary of Brunswick Corporation, Nautilus, Inc., and Core Health and Fitness LLC among others.

The key players are employing strategies such as joint ventures, collaboration, capacity expansion, mergers, and acquisition in-order to gain stronger position in the global fitness equipment market.

For instance, in February 2020, Johnson Health Tech (JHT), one of the major players in fitness equipment market, announced the purchase of 60% share of Fuji Medical Instruments Mfg. Co., Ltd, the parent company of Fujiiryoki brand massage chairs, in approximately 57.72 million USD.

In the same month, Matrix Fitness, one of the leading companies in fitness equipment market, announced its partnership with Smart Fit, with an aim to equip 200 SmartFit facilities with its premium equipment.

In April 2020, BeaverFit LLC., the global leader in mobile as well as outdoor fitness equipment, entertaining both individual and commercial audience, announced its acquisition over Mobile Fitness Equipment Inc., a leading national fitness equipment provider; thereby reinforcing BeaverFit’s strategy to commercialize its revolutionary fitness training products in the global fitness equipment market.

In May 2020, Vitality Group, a global health & wellness company in the fitness equipment market, entered a strategic partnership with Health Fitness Corporation, a leading provider of fitness center management and wellness services, to encourage healthy changes in individuals and organizations.

Key Market Segments:
Global Fitness Equipment market - By Type
  • Cardiovascular Training Equipment
  • Treadmill
  • Elliptical
  • Stationary Bike
  • Rowing Machine
  • Others
  • Strength Training Equipment
  • Weight-Lifting Equipment
  • Weights
  • Barbells & Ladders
  • Extension Machines
  • Power Racks
  • Other Equipment
Global Fitness Equipment market - By End User
  • Home Consumer
  • Health Club/Gym
  • Other Commercial User
  • Hotel
  • Corporate Office
  • Hospitals & Medical Center
  • Public Institution
Global Fitness Equipment market -By Geography
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • RoW
  • UAE
  • Saudi Arabia
  • South Africa
  • Brazil
  • Remaining countries
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amer Sports Corporation
  • Brunswick Corporation
  • Nautilus, Inc
  • Technogym S.P.A
  • Torque Fitness LLC
  • MORE
1. Introduction
1.1. Report Description
1.2. Research Methodology

2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics
4.1. Growth Drivers
4.2. Challenges
4.3. Opportunities

5. Global Fitness Equipment Market, by Type
5.1. Overview
5.2. Cardiovascular Training Equipment
5.3. Strength Training Equipment
5.4. Other Equipment

6. Global Fitness Equipment Market, by End-user
6.1. Overview
6.2. Home Consumer
6.3. Health Club/Gym
6.4. Other Commercial User

7. Global Fitness Equipment Market, by Region
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. Rest of World

8. Company Profiles
8.1. Icon Health & Fitness, Inc.
8.2. Brunswick Corporation
8.3. Johnson Health Tech Co. Ltd.
8.4. Technogym S.P.A.
8.5. Amer Sports Corporation
8.6. Nautilus, Inc.
8.7. Core Health & Fitness, LLC.
8.8. True Fitness Technology, Inc.
8.9. Torque Fitness LLC
8.10. Impulse (Qingdao) Health Tech Ltd. Co.
Note: Product cover images may vary from those shown
3 of 4

FEATURED COMPANIES

  • Amer Sports Corporation
  • Brunswick Corporation
  • Nautilus, Inc
  • Technogym S.P.A
  • Torque Fitness LLC
  • MORE
Fitness Equipment: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 - 2030

Increasing influence of the social-media trend to stay fit, proliferating number of gyms, health-clubs are key driving factors accountable for fitness equipment market growth.

Any machine or apparatus utilized during physical activity, with an objective to sculpt the body, manage the BMI, improve bone & muscle strength, as well as boost-up the immunity and stamina, are known as fitness equipment. Commonly used fitness equipment are treadmills, stationary bicycles, ellipticals, strength building machines, stretching machines, weightlifting machines, and others. Physical activities involving fitness equipment are recommended by medical practitioners to cope with certain ailments. The increasing prevalence of obesity, diabetes, hypertension, bone deformations, and cardiac diseases, is leading towards higher demand of health and fitness equipment, thereby propagating the growth of fitness equipment market.

The global fitness equipment market share has been segmented on the basis of type, end user and geography. Based on type, the fitness equipment market is segmented into cardiovascular training equipment, strength training equipment and others. The cardiovascular training segment is sub classified into treadmill, stationary bike, elliptical, rowing machine, and others. The strength training equipment segment is further divided into weight-lifting equipment, weights, barbells & ladders, extension machines, and power racks. Based on end user, the fitness equipment market is divided into home consumer, health club/gym, and other commercial users. The other Commercial User segment is further sub-segmented into hospitals & medical center, hotel, corporate office, and public institution. Geographic breakdown and analysis of each of the previously mentioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Note: Product cover images may vary from those shown
4 of 4
  • 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
  • Torque Fitness LLC
  • Impulse (Qingdao) Health Tech Ltd. Co
Note: Product cover images may vary from those shown
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