Fitness Equipment Market worth $13.5bn by 2023: Global Market Insights Inc.
The report “Fitness Equipment Market Size By Application (Gym/Health Clubs, Home/Individuals, Hospitals, Offices, Hotels), By Product (Strength Training Equipment, Cardiovascular Training Equipment, Activity Monitors, Body Analyzers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2023�, Global Fitness Equipment Market share to grow at 3.8% from 2016 to 2023. Increasing consciousness among the youths worldwide to be fit and maintain the aesthetic appearance is likely to boost the industry revenue. Sedentary lifestyles have created a greater need in society for physical activities leading to spontaneous growth in fitness equipment market. Fitness equipment industry is witnessing a spur due to technological advancements such as digital connectivity, monitoring the heath related data such as steps taken, calories burned, sleep duration, etc. Moreover, rising awareness regarding health & fitness, maintaining cardiovascular functioning, improving physical stamina and flexibility will further propel the fitness equipment market trends.
Taking into consideration the products trends, fitness equipment market is segmented into body analyzers, cardiovascular training equipment, strength training equipment, and activity monitors. Among these cardiovascular holds majority of the market share by accounting for over 57% of global fitness equipment market, owing to its health benefits such as heart rate conditioning, body toning, metabolism improvement, and fat burning. Strength training equipment market is growing substantially, owing to its use in improving strength through muscular workouts and anaerobic endurability. Moreover, increasing health programs, motivational, and promotional activities conducted by health clubs will surge fitness equipment industry share over the coming years. Interesting developments regarding healthy lifestyles in emerging economies will be one of the lucrative growth aspects in fitness equipment industry. The most lucrative application contributing significantly towards the global fitness equipment market is the Gym/Health Clubs which include treadmills, benches, racks, functional training machines, etc. Health clubs accounted for over 50% of the overall fitness equipment industry share in 2015, and is projected to witness a CAGR of 3.3% over the period of 2016-2023. Furthermore, considerable adoption of these equipment in offices, hotels, homes, etc. to change the inactive lifestyles by undertaking health and wellness programs will further stimulate the fitness equipment industry. Home fitness equipment market is anticipated to grow at a rate of 4.7% over coming six years. 1|Page
MEA Fitness Equipment Market size, by product, 2012-2023 (USD Million)
Asia Pacific fitness equipment market will achieve significant escalation in the coming timeframe. The growth can be primarily attributed to changing lifestyles, growing obesity, and increasing health awareness across the region. Growing urbanization in China, Japan, South Korea, and Australia is set to significantly catalyze the regional industry share. North America is set to witness a rising number of gyms and health clubs along with increasing application of strength training and cardio systems, which will stimulate the regional share. US fitness equipment market accounted for over USD 4.5 billion in 2015, and is likely to lead the regional growth. The global fitness equipment industry will be highly competitive with market players investing in wearable technologies for additional value coupled with attracting customers with discount schemes and annual subscription. The key players include Technogym, Icon Health & Fitness, Nautilus, Johnson Health Tech, Amer Sports, and Brunswick Corporation. Browse key industry insights spread across 84 pages with 30 market data tables & 26 figures & charts from the report Fitness Equipment Market in detail along with the table of contents: https://www.gminsights.com/industry-analysis/fitness-equipment-market-report
2|Page
This latest Fitness Equipment Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the fitness equipment industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles. Reasons to Buy This Report •
Global Fitness Equipment Market size & forecast by product & application. Growth drivers, pitfalls & industry challenges. Key Fitness Equipment Market growth opportunities & emerging business models. Competitive benchmarking with market share analysis and company profiles.
• • •
Table Contents of Fitness Equipment Market:
Chapter 1. 1.1.
Research Methodology 1.1.1.
Initial data exploration
1.1.2.
Statistical modeling and forecast
1.1.3.
Industry insights and validation
1.2.
Data Sources
Chapter 2. 2.1.
3|Page
Methodology and Scope
Executive Summary Fitness equipment industry 3600 synopsis, 2013 - 2023
2.1.1.
Business trends
2.1.2.
Application trends
2.1.3.
Regional trends
Chapter 3.
Fitness Equipment Industry Insights
3.1.
Industry segmentation
3.2.
Industry size, forecast and growth prospects, 2012 - 2023
3.3.
Industry ecosystem analysis
3.5.
Industry Impact forces 3.5.1.
Growth drivers 3.5.1.1 Growing awareness regarding health & fitness 3.5.1.2 Corporate wellness programs 3.5.1.3 Considerable health initiatives
3.5.2.
Industry pitfalls & challenges 3.5.2.1 Used fitness equipment demand
3.6.
Growth potential analysis
3.7.
Porter’s analysis
3.8.
Key competitor analysis, 2015 3.8.1.
3.9.
4|Page
Company strategy landscape
PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com
5|Page