Market Insights:
Fitness Equipment Market size was valued at USD 12.8 Billion in 2021, registering a CAGR of 3.7% during the forecast period (2022-2030), and the market is projected to be worth USD 17.7 Billion by 2030.
Fitness equipment is broadly defined as any piece of equipment used in any physical or fitness-related activity. They can help you gain strength or improve your physical fitness. Free weights, rowing machines, treadmills, weight machines, stationary cycles, elliptical cross tanners, and stair steppers are examples of fitness equipment.
Fitness Equipment Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Equipment (Cardiovascular, Strength Training), By Organization Size (SME, Government, Large Enterprises), By End Use (Home, Health club, Office, Hotels) and companies (Impulse Health Technology Co., Ltd, Amer Sports, General Electric, HOIST Fitness Systems, Jerai Fitness, Cybex India, Life Fitness, Precor Incorporated, Schnell Trainigsgerate GmbH, Johnson Health Tech.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.7%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Fitness Equipment in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Fitness Equipment also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Fitness Equipment in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 17.7 Billion |
| CAGR (2022-2030) | 3.7% |
| By Equipment | Cardiovascular, Strength Training. |
| By Organization Type | SME, Government, Large Enterprises |
| By End-use | Home, Health club, Office, Hotels. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Impulse Health Technology Co., Ltd, Amer Sports, General Electric, HOIST Fitness Systems, Jerai Fitness, Cybex India, Life Fitness, Precor Incorporated, Schnell Trainigsgerate GmbH, Johnson Health Tech. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Fitness Equipment market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Impulse Health Technology Co., Ltd, Amer Sports, General Electric, HOIST Fitness Systems, Jerai Fitness, Cybex India, Life Fitness, Precor Incorporated, Schnell Trainigsgerate GmbH, Johnson Health Tech.
Market Segment Analysis:
By Equipment
- Cardiovascular
- Elliptical machines
- Treadmills
- Exercise bikes (Spinning, stationary, and assault air bikes)
- Strength Training
- Weight-lifting equipment
- Weights
- Barbells and ladders
By Organization Type
- SME
- Government
- Large Enterprises
By End-use
- Home
- Health club
- Office
- Hotels
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Fitness Equipment industries in the region.
Key Fitness Equipment Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Fitness Equipment Market segments.
– Largest Market Share Held by Industry to Industry for Fitness Equipment
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Fitness Equipment Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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