Outdoor fitness equipment is any equipment or tool used throughout physical activity to regulate overall weight, boost physical stamina, and develop body muscles and tolerance. It further serves to boost the strength or conditioning advantages of physical workouts by giving either fixed or adjustable amounts of resistance, therefore increasing the experience or outcome of a training routine. Outdoor training equipment comes in a range of shapes and sizes, each with its own set of features for working on different sections of the human body. These equipment are designed for usage in public or private open spaces. Individuals use this equipment to work out and train in the open air for free. Outdoor exercise equipment are equivalent to indoor fitness equipment in terms of benefits. The only significant difference is the installation site. Bicycles, elliptical machines, strength-building machines, stretching machines, and weightlifting machines are among the most commonly used.
The preference of youth and elderly population for working out in the open air is expected to drive the growth of the outdoor fitness equipment market. The preference for exercising outdoors is attributed to numerous benefits that could be gained, such as decreased blood pressure, stress reduction, insomnia relief, and it is typically free of charge. Furthermore, fresh air and natural light excite and energize the folks' minds and bodies. Moreover, exercising outdoors allows individuals to appreciate nature while working out, which is beneficial as hectic schedules do not enable them to go out and enjoy nature. As a result, increased interest of young and elderly people fosters the market growth.
According to the United Nations Department of Economic and Social Affairs (UN DESA), the youth population reached over 1.2 billion aged 15 to 24 years across the globe in 2019, accounting for 16% of the global population, with a high of nearly 1.4 billion people projected around 2065. Furthermore, the global population was 7.7 billion in 2019, with a projected increase to 11.2 billion by the end of the century. Older people accounted for more than 20% of the population in 17 nations, and it is anticipated to reach 155 countries, encompassing a total of 61% of the world's population, hence increasing the demand for outdoor gym equipment.
The global outdoor fitness equipment market is segmented into product type, application, and region. On the basis of product type, the market is categorized into action series, heavy-duty series, and regular series. Depending on the application, it is fragmented into public institutions, fitness parks & trails, government fitness centers, outdoor gyms, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, Saudi Arabia, and rest of LAMEA).
The players operating in the global outdoor fitness equipment market have adopted various developmental strategies to expand their outdoor fitness equipment market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Landscape Structures Inc., Beckmann, SportsPlay Equipment, Inc., Wicksteed Leisure Ltd, PlayCore Inc., Outdoor Fitness, Inc., Proludic Ltd., Xccent, Inc., the Great Outdoor Gym Company Ltd., and Kompan, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the outdoor fitness equipment market analysis from 2020 to 2030 to identify the prevailing outdoor fitness equipment market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the outdoor fitness equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global outdoor fitness equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Action Series
- Heavy duty Series
- Regular Series
By Application
- Public Institution
- Fitness Park and Trails
- Government Fitness Centers
- Outdoor Gyms
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Chile
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Kompan. A/S
- Landscape Structures Inc.
- Outdoor Fitness, Inc.
- PlayCore Inc.
- Proludic Ltd
- SportsPlay Equipment, Inc
- Stayfit Health and Fitness World Private Limited
- The Great Outdoor Gym Company Ltd
- Wicksteed Leisure Ltd
- Xccent, Inc
Table of Contents
Executive Summary
According to this report titled, 'Outdoor fitness equipment Market,' the outdoor fitness equipment market size was valued at $1.5 billion in 2020, and is estimated to reach $1.8 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.Any gear or device used during physical activity to regulate overall weight, boost physical stamina, and improve body muscles & endurance is considered outdoor fitness equipment. It further aids in boosting the strength or conditioning advantages of physical workouts by giving either fixed or adjustable amounts of resistance, thus improving the experience or outcome of an exercise routine. Outdoor training equipment are available in a range of shapes and sizes, with differing capabilities for working on different body parts.
Obesity is caused by sedentary lifestyles, lack of time for physical activity, and consumption of unhealthy food across the world. One of the primary factors driving the growth of the m, particularly in the developed regions such as Europe, is the growing incidence of obesity. Moreover, rise in the number of outdoor gymnasiums and fitness center providers offering a variety of equipment and free to low-cost workout fees has boosted the number of people using outdoor fitness facilities, thus contributing toward the outdoor fitness equipment market growth. Furthermore, key players in the global market are developing new equipment to provide a better experience, which is expected to foster the outdoor fitness equipment market opportunities for growth.
However, consumers disregard outdoor gyms, as they believe the equipment are not well-maintained, leading to a larger risk of injury when using the equipment. This had a negative impact on the market growth, as customers are drawn to joining commercial gyms or acquiring in-home fitness equipment to work out in the comfort of their own homes. In addition, exercise equipment are expensive, and there is a strong need for outdoor fitness equipment maintenance, which raises the entire cost, thus hampering the market growth. On the contrary, with the growing outdoor fitness market trends for fitness, outdoor gym owners are taking care of equipment and maintaining them up to the mark to attract consumers to work out in their open gyms, which is expected to offer remunerative opportunities for the expansion of the global market. Moreover, public fitness events in open fitness centers have raised the goodwill of these non-profit fitness centers as consumers gain their interest and trust in the equipment and are ready to work out at open gyms, thus increasing the outdoor fitness equipment market demand.
Moreover, lack of low-cost regular maintenance hinders organizations from obtaining high-priced training equipment for fitness centers and parks. The market's scarcity of low-cost regular maintenance has created the potential for manufacturers to launch new solutions with the sale of items that would cover maintenance and support at a cheap cost and encourage organizations to purchase high-end exercise equipment. Offering dual exercise qualities will help to cut total product prices because the user will not need to acquire separate equipment. For instance, a walker with an extended push-up bar will deliver two exercises in a single piece of equipment while reducing the cost of the product.
The global outdoor fitness equipment market is segmented into product type, application, and region. On the basis of type, the market is categorized into action series, heavy-duty series, and regular series. By application, it is segregated into public institutions, fitness parks & trails, government fitness centers, outdoor gyms, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, Saudi Arabia, and rest of LAMEA).
The players operating in the global outdoor fitness equipment market have adopted various developmental strategies to expand their outdoor fitness equipment market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Landscape Structures Inc., Beckmann, SportsPlay Equipment, Inc., Wicksteed Leisure Ltd., PlayCore Inc., Outdoor Fitness, Inc., Proludic Ltd., Xccent, Inc., the Great Outdoor Gym Company Ltd., and Kompan, Inc.
Key findings of the Study
- On the basis of product type, the action series segment is projected to witness the highest CAGR of 3.6%, in revenue terms, during the outdoor fitness equipment market forecast period.
- According to outdoor fitness equipment market analysis, by application, the fitness parks & trails segment is expected to grow at a significant CAGR during the forecast period.
- U.S. was the largest country, in terms of revenue generation for outdoor fitness equipment industry in 2020.
- Region wise, Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 5.8% from 2021 to 2030.
Companies Mentioned
- Kompan. A/S
- Landscape Structures Inc.
- Outdoor Fitness, Inc.
- PlayCore Inc.
- Proludic Ltd
- SportsPlay Equipment, Inc
- Stayfit Health and Fitness World Private Limited
- The Great Outdoor Gym Company Ltd
- Wicksteed Leisure Ltd
- Xccent, Inc
Methodology
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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