Global Fitness Equipment Market 2018 Outlook, Opportunities, Trends and Forecast 2025 by Technologies, Applications, Key Players and Regions
Jul 2, 2018
OrbisResearch.com has published a new Industry report on “Global Fitness equipment Market: 2018-2025 Key Industry Insights, Segments, Opportunities, and Forecasts” to its research database.
Dallas, United States - July 2, 2018 /MarketersMedia/ —
Global fitness equipment market was valued at USD 3.4 billion in the year 2017 and is projected to rise at a CAGR of 3.6% during the forecast period. These equipment are assisting to improve the lifestyle and lifespan by serving the individuals to maintain ideal body weight.
The global fitness equipment market was valued at USD 3.4 billion in the year 2017 and is projected to grow at a CAGR of 3.6% during the forecast period. Growing obesity index, increasing fitness awareness and social media influence are major drivers of the market.
Bad nutrition and unhealthily lifestyle leads to problems such as spondylitis, arthritis, high blood pressure, increased diabetics, heart problems, obesity and others. To deal with these health issues, a large portion of the population of the world is considering improving their fitness levels driving the growth of the market in the forecast period. For instance, 38.2% population of U.S. above the age 15 were obese in the year 2017. This population along with the population that is already into the practice of using the gym to stay healthy and fit is anticipated to drive the market in the US.
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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, fitness equipment are likely to surge in demand.
Cardio machines have seen a lot of technological advancement such as more infotainment options, compatibility with smart devices, and others are the reason they have surged in demand.
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Key industry insights
Strength training types of equipment help the users build muscular strength. Strength training equipment market is anticipated to grow at 3.1% in the forecast period.
• Cardio training equipment is anticipated to grow at 3.9% in the forecast period. These equipment have surged in demand as they assists in maintaining the health of the heart and in burning calorie. This equipment also contribute in improving the cardiovascular endurance of the whole body.
• Treadmills have seen an exponential rise in demand, in the cardio training category is anticipated to grow at an above average CAGR in the forecast year. Treadmills which have display console offers infotainment options, connectivity with smart devices and other features are the reason for surge in demand.
• Commercial gyms/health clubs offers many facilities such as strength, cardio, and others training types to its members at one single stop. Due to which an increase in gym membership is seen all over the world.
• North America’s 32.8% population above the age of 15 was obese in 2017, the highest in the world. Thus, North America fitness equipment market is anticipated to grow at highest at CAGR during the forecast period.
• Gym memberships in Europe are on a rise owing to the government initiatives in the region, driving the demand for fitness equipment
• Precor, Brunswick Corporation, Rogue Fitness, Johnson Health Tech Co. Ltd.,
Core Health and Fitness LLC and others are key players associated with the market.
• Majority of the players in the industry may adopt to technological advancement especially in the cardio training equipment as its strategy to strengthen their market share. As these machines have surged in demand owing to its features.
• Key players in this industry are most likely to adopt to collaborations as the strategy in the forecast years. For instance, Brunswick Corporation, Core Health & Fitness LLC, Johnson Health Tech Co. Ltd. have collaborated with Apple Inc. The collaboration aims to improve compatibility of apple devices with the infotainment system which offers users with the various application.
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Key Segments
• Product Overview, 2014 – 2025(Revenue USD Million)
Strength Training Equipment
Cardiovascular Training Equipment
Elliptical cross tanner
Rowing machines
Treadmills
Stationary bikes
Other Training Equipment
• End user Overview, 2014 – 2025(Revenue USD Million)
Health clubs/Gyms
Home consumers
Others end user
Hotels
Corporates
Hospitals & medical centers
Publics institutions
The report has company profiles of few of the players in the global fitness equipment market:
Precor
Brunswick Corporation
Core Health and Fitness LLC
Exigo
Johnson Health Tech Co. Ltd.
Technogym S.p.A.
Rogue Fitness.
Others
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Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Fitness Equipment Market, By Type
Chapter 5. Fitness Equipment Market ,By End User
Chapter 6. Fitness Equipment Market ,By Region
Chapter 7. Company Profiles
Chapter 8. Industry Structure
What does the report include?
Significant parameters that impact the market such as drivers, restraints, and opportunities have been discussed in detail in the report.
• The study analyzes the market dynamics using various tools including Porter’s Five Forces Model.
• In depth analysis based on segmentation by type, end user and region which assist in estimating the market potential in the forecast period.
• Company profiles of the key players in the global fitness equipment market which include product offering, financial performance and key strategic initiatives.
• In depth study of silent features of cardio training equipment of the key players in the market.
• Analysis of trends that are likely to drive the market during the forecast period.
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Source: MarketersMedia
Release ID: 370162
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