UNITED STATES FITNESS EQUIPMENT MARKET RESEARCH, INDUSTRY TRENDS, ESTIMATION, FORECAST 2016 – 2024
United States Fitness Equipment Market was valued at $3,589 million in 2016 and is expected to reach $4,377 million in 2024, having a CAGR of 2.5% during the forecast period of 2017-2024.In 2016, the cardiovascular segment held the largest share of fitness equipment market in United States. Fitness Equipment is used for physical exercises to manage overall weight, improve physical stamina, and develop muscular strength. The most commonly used cardiovascular equipment are treadmills, elliptical and stationary bike. They stimulate the heart rate, help in burning excess body fat and maintain the overall health and fitness. Strength training equipment is used to gain muscular strength and improve one’s appearance and personality. A growing number of health and fitness clubs has been witnessed in recent years, due to rising awareness regarding health and fitness, increasing obesity and government initiatives to promote health, which has led to significant growth of the fitness equipment market. Moreover, high consumption of fast food and sedentary lifestyle are other prominent factors complementing the demand for fitness or exercise equipment. However, high cost of fitness equipment is the key restraining factor for the market. High demand for used fitness equipment, as products are highly durable and can withstand long-term usage, would restrain the demand for new products. Improved
lifestyle and increased disposable income of individuals in the United States offer immense growth opportunities for the market players.
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The major vendors in the United States fitness equipment market are Amer Sports Corporation, TRUE Fitness, Cybex International Inc., Impulse (Qingdao) Health Tech Ltd. Co., Brunswick Corporation, Johnson Health Tech Co. Ltd., Fitness EM LLC., Icon Health & Fitness Inc., Torque Fitness LLC., Nautilus Inc.
United States Fitness Equipment Market Segmentation
By Type • Cardiovascular Training Equipment o Treadmills o Elliptical o Stationary bike o Rowing machine o Others
• Strength Training Equipment • Other Equipment
By End User • Home Consumer • Health Clubs/Gyms • Other Commercial Users
o Hotels o Corporate Offices o Hospitals & Medical Centers o Public Institutions (Schools, Universities, and others)
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