Fitness Equipment Market 2019-2025: Global Industry Analysis by Value chain, Porter’s Five Forces, Product Types, Price, Trends, Opportunities
Feb 11, 2019
Global Fitness equipment market worth USD 4.52 billion by 2025.The demand for Fitness Equipment is expected to rise on account of the increasing number of health and fitness chains across the globe
Dallas, Texas - February 11, 2019 /MarketersMedia/ —
Adroit Research launched a study titled, “Global Fitness Equipment Market Size 2017 By Type (Strength Training Equipment, Cardiovascular Training Equipment {Elliptical, Rowing machine, Stationary bike, Treadmills, Other Cardiovascular Training Equipment} and Other equipment), By End User (Health Clubs/Gyms, Home Consumer, Other End-Users {Hotels, Corporate Offices, Hospitals & Medical Centers} and Public Institutions), By Region and Forecast 2018 to 2025”. The study covers the global fitness equipment market value for a period ranging in between 2015 to 2025, where 2015 to 2017 imply the historical value with forecast between 2018 and 2025.
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The global fitness equipment market size is expected to reach USD 4.52 billion by 2025. As a result of growing health related issues and increasing obesity. Obesity is a major issue in developed and developing countries. It causes numerous health issues such as heart diseases diabetes, and increase in cholesterol level. To overcome this doctors and physicians are advising to go on a regular exercise and follow a strict eating habit. The United States has recoded with highest number of population suffering from obesity and the rate of obesity is expected to increase in the coming years.
Key segments of the global fitness equipment market
Type Overview, 2015-2025 (USD Million)
Strength Training Equipment
Cardiovascular Training Equipment
Elliptical
Rowing machine
Stationary bike
Treadmills
Other Cardiovascular Training Equipment
Other equipment
End User Overview, 2015-2025 (USD Million)
Health Clubs/Gyms
Home Consumer
Other End-Users
Hotels
Corporate Offices
Hospitals & Medical Centers
Public Institutions (Schools, Universities, and Others)
Regional Overview, 2015-2025 (USD Million)
North America
Europe
Asia Pacific
South America
Middle East & Africa
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People are enjoying the perks of technological advancement, as technology is developing rapidly, people are being dependent on it for day to day activities. However, it has reduced the physical activities and has given rise to the need for balancing the bodyweight to stay fit and avoid health related issues. Moreover, exercise is advisable in a variety of medical treatment. Additionally, people are becoming more health conscious and focus more on fitness resulting in a rise in the growth of the fitness industry. The rise in number of fitness clubs globally has increased the demand of fitness equipment industry globally and this demand is expected to grow in the coming years.
Internet has emerged as the strongest platform to drive any trend or market. Influence of social media has resulted in creating a health-conscious society with more number of internet users becoming increasingly aware of their physique and fitness. Consequently, more and more people are trying to look good and have fitter physique, with gym being a way for people to achieve these goals. Awareness through social media apps and online advertisements are one of the factor due to which fitness equipment market trend is witnessing demand and is expected to grow in the coming years.
Government and enterprises are promoting benefits of good health and fitness by conducting various healthcare programs. The Dubai Government and Dubai Sports Council launched the Dubai Fitness Challenge in October 2017 to motivate residents to take up physical activity. Similarly, the Government of Australia has organized national fitness campaign “Fit for purpose” for awareness among people in 2011. Such initiatives and activities are boosting the demand for fitness equipment market share further.
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Cardiovascular training equipment segment dominated the overall fitness equipment market by occupying accounted for 65.5% in 2017. This equipment helps in burning calories and maintaining the health of the heart. Moreover, this equipment helps in improving the cardiovascular strength of the entire body. Owing to its health benefits, growing popularity and advancement in technology this segment is expected to maintain its dominance over the forecast period.
High cost of maintenance and long downtimes are other major concerns of buyers. On an average, equipment is used for approximately16 hours per day in gyms and health clubs. This results in wear & tear and downtime of the equipment. Any fitness equipment is an asset to the gym as long as it is usable. During downtime, the equipment is a cost to the buyer. Additionally, the spares and repair of fitness equipment are expensive. This adds to the costs for the gym owners.
The major players analysed in global fitness equipment market are Brunswick Corporation, Exigo, Core Health and Fitness LLC, Precor, TRUE Fitness Technology, Inc and Johnson Health Tech Co. Ltd.
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Some points from fitness equipment market Table of Contents:
1. Executive Summary
2. Research Methodology
• Research approach
• Scope, definition, and assumptions
• Data sources
3. Market Outlook
• Introduction
• Key trends
• Market drivers
• Market restraints
• Market opportunities
• Porter’s Five Forces’ analysis
• Value chain analysis
4. Fitness Equipment Market Overview, By Type
• Global fitness equipment market share, by type , 2017-2025Strength Training Equipment
• Market size and projections, 2014-2025 (USD Million)
• Cardiovascular Training Equipment
• Market size and projections, 2014-2025 (USD Million)
• Elliptical
• Market size and projections, 2014-2025 (USD Million)
• Rowing machine
• Market size and projections, 2014-2025 (USD Million)
• Treadmills
• Market size and projections, 2014-2025 (USD Million)
• Other Cardiovascular Training Equipment
• Market size and projections, 2014-2025 (USD Million)
• Other equipment
Continued….
About US:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Website: https://www.adroitmarketresearch.com/industry-reports/fitness-equipment-market
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Source: MarketersMedia
Release ID: 481139
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