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 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. Request for sample report: https://www.nextmsc.com/fitness-equipment-market/request-sample 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. Inquire before buying: https://www.nextmsc.com/fitness-equipment-market/inquire-beforebuying 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. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit: https://www.nextmsc.com
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