Fitness Equipment Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance, the global Fitness Equipment Market size is projected to reach a CAGR of 7.0% from 2023-2030.
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Fitness Equipment Market is segmented into various segments such as type, end user, and region:
On the basis of Product Type
· Cardiovascular Training Equipment
· Strength Training Equipment
· Other Equipment (Pilates, Yoga, Boxing, etc.)
On the basis of the end-user
· Home/Residential
· Commercial (Gyms, Fitness Centers, etc.)
· Institutional (Hospitals, Rehabilitation Centers, etc.)
On the basis of the Distribution Channel
· Online
· Offline
On the basis of region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
Recent Developments of Fitness Equipment Market
· In 2021, Nautilus launched its connected Bowflex Max Trainer M9 machine and Bowflex T22 treadmill with an enhanced JRNY digital fitness platform, offering curated workouts and entertainment options that stream while being coached.
· In 2021, Johnson Health Tech (JHT) announced its acquisition of Matrix Fitness South Africa, a distributor for JHT before the acquisition, becoming the first fitness equipment company to have a wholly-owned subsidiary in Africa.
The prominent players in Fitness Equipment Market are
· ICON Health & Fitness
· Life Fitness
· Peloton
· Technogym
· Precor
· Nautilus
· Johnson Health Tech
· Dyaco
· Impulse
· Shuhua Sports
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Home exercise/fitness equipment is any apparatus or device used during physical activity to enhance the strength or conditioning effects on the body. Fitness equipment mainly consists of weightlifting machines, treadmills, stationary bikes, and others for physical exercise and is specifically used in fitness clubs, homes, hotels, gyms, and corporate offices. Such equipment help maintains weight, reduce excessive fat, and boost stamina.
Growth of the Fitness Equipment Market is due to various factors such as increasing sedentary lifestyle is driving the demand for fitness equipment across the world. Also, rising number of fitness service providers and centers. Furthermore, growth in the prevalence of cardiovascular diseases is also providing an impetus to the demand for fitness equipment.
The market for fitness equipment is a quickly expanding sector of the economy that provides a wide range of goods intended to support physical fitness and exercise. The market is driven by the rising trend of exercise and wellness activities, the rising trend of public health consciousness, and the rising demand for home gym equipment as a result of the COVID-19 epidemic. In order to better understand market dynamics and consumer behaviour, the market is categorized based on product type, end-user, distribution channel, and geography.
The home/residential end-user sector, the online distribution channel segment, and the cardiovascular training equipment segment are predicted to have the biggest market shares. Overall, the fitness equipment market is anticipated to develop steadily over the next few years, offering several chances for manufacturers and distributors to increase their operations and meet changing customer expectations.
North America to Dominate the Fitness Equipment Market
· The North American market witnessed significant growth due to the rising health awareness among consumers, with the growing adoption of exercises related to physical well-being, weight management, improving body stamina, and muscular strength. The rising obese population and increasing health concerns are other major factors driving the home fitness equipment market in the region.
· The rising preventive healthcare measures and the augmenting healthcare costs are enabling consumers to engage in regular workouts to remain fit. Additionally, with the growing demand, manufacturers operating in the global market are expanding their presence to achieve a competitive advantage in the market. Moreover, due to the consumer's growing interest in in-home workouts, the demand for such home equipment is growing, which is also driving the global home equipment market simultaneously.
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· Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Frequently Asked Questions
· What are the years considered to study Fitness Equipment Market?
· What is the compound annual growth rate (CAGR) of the Fitness Equipment Market?
· Which region holds the largest market share in Fitness Equipment Market?
· Which is the fastest growing region in Fitness Equipment Market?
· Who are the major players in Fitness Equipment Market?
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