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.
Fitness equipment is any device or gadgetry used during physical exercise to enhance the effects of that particular exercise. The combination of exercise and fitness equipment help in boosting immunity, improve muscle and bone strength and manage BMI. Globally, more than 1 billion adults are overweight or obese. Additionally 38 million children in 2019, as young as 5 years old, were found to be overweight or obese. Worsening obesity problems worldwide, as well as, growing ideal shift among the population are prime factors that have fostered the growth of the fitness equipment market.
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Top Companies: Torque Fitness LLC, Cybex International Inc., Icon Health and Fitness, True Fitness Technology Inc., Life Fitness, Nautilus Inc., Matrix Fitness, Amer Sports Corporation, Johnson Health Tech and others.
The Fitness Equipment Market is segmented on the basis of product type, end user and geography. Based on product type, the market has been sub segmented into cardio equipment and strength equipment. Cardio equipment has been further categorized into treadmills, stationary bicycle, rowing machine and others Strength building equipment has also been sub segmented into Weights, Extension Machines, Power Racks, Barbells and Ladders etc. Based on end user, the market has been segmented into household consumer such as apartments and independent homes, Gyms/Health Clubs and other commercial users like corporate offices, hotels and medical centers. In terms of geographical analysis and breakdown the market is segmented into North America, Asia Pacific, Europe and rest of the world.
Recent analysis indicate that North America is leading in the global fitness equipment market but is expected to be surpassed by the Asia Pacific region with the fastest growing CAGR during the forecast period. The competitive nature of the global fitness equipment market allows big players like Cybex International Inc., ICON Health and Fitness, Johnson Health tech Co., Torque Fitness LLC and others to exercise various innovative developmental activities to generate maximum growth and extract more revenue even within the narrow profit lines.
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Strategic alliances between manufacturers and corporate organizations is a commonly adopted strategy used to maintain market dominance. The possession of commonly used fitness equipment and strength building equipment is expected to increase due to the recent inclination of people towards fitness and healthy lifestyles set in due to the pandemic. Schemes from organizations like WHO that promote healthy life have escalated the demand for fitness equipment. In the Asia Pacific region, the rise of disposal income among the population has led to unhealthy way of lifestyle. Rising cases of diseases such as diabetes, obesity etc have also propelled the growth of the fitness equipment market in this region.
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Fitness Equipment Market by Global Demand and Outlook 2020 to 2030
The global Fitness Equipment Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Fitness Equipment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/fitness-equipment-market/download-sampleMarket DynamicsThe fitness equipment market has bright prospects, although it is facing a temporary downfall at the moment.
Over the past several years, the need to lead a healthy lifestyle has resulted in an increasing number of gyms across the globe coupled with growing demand for fitness equipment.
A surge in the number of gym subscriptions to remain in perfect shape has increased the demand for fitness equipment, creating a positive impact on its market.
Furthermore, factors like government initiatives to promote health awareness and online availability of fitness equipment will fuel market growth.
The global Fitness Equipment Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Fitness Equipment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/fitness-equipment-market/download-sampleMarket DynamicsThe fitness equipment market has bright prospects, although it is facing a temporary downfall at the moment.
Over the past several years, the need to lead a healthy lifestyle has resulted in an increasing number of gyms across the globe coupled with growing demand for fitness equipment.
A surge in the number of gym subscriptions to remain in perfect shape has increased the demand for fitness equipment, creating a positive impact on its market.
Furthermore, factors like government initiatives to promote health awareness and online availability of fitness equipment will fuel market growth.