Fitness Equipment Market 2024 By Top Industry Participants Amer Sports Corporation, Brunswick Corporation, HOIST Fitness, ICON Health and Fitness, Nautilus Inc. and Technogym

Fitness Equipment Market size is set to exceed USD 14 billion by 2024. Increasing geriatric population across the globe and the need to eliminate health problems in them is creating several opportunities for the fitness equipment market demand. To address these requirements, a rapid development is observed in the establishment of health and fitness clubs globally. As a result, the consumption of exercise machines in such infrastructures is further driving the market growth.

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The key players in the market include Amer Sports Corporation, Brunswick Corporation, FitnessEM, HOIST Fitness, ICON Health and Fitness, Johnson Health Tech. Co., Ltd., Nautilus Inc., Technogym, Torque Fitness, True Fitness.

The rising adoption of smartphones & connected devices that manage the customers’ exercising patterns and daily performance drives the industry growth. Moreover, the advancements of health clubs that deploy smart performance tracking machinery and huge discount packages attract more customer subscriptions resulting in the industry development. Several governmental policies in countries including the U.S., India, and others to support the expansion of healthcare facilities and fitness infrastructures that include loans with low interest rates are creating fitness equipment market growth opportunities.

Cardiovascular machines in the fitness equipment market are anticipated to grow at a fast pace due to an increasing emphasis on weight reduction and body maintenance among the young population. Additionally, innovations in treadmills and exercising bikes including technologies, such as Bluetooth and Wi-Fi, for efficient performance tracking are further increasing their demand.

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Home fitness equipment market is predicted to witness developments over the forecast timespan due to the increasing deployment of these machines in residential settings. A transition in the living standard of consumers and increased spending on maintaining a healthy lifestyle support the inclination toward using fitness machinery. Furthermore, public and societal gyms in modern housing societies and government infrastructures accelerate the product demand.

Additionally, the trend of hiring personal fitness trainers who offer customized training services create opportunities for home segment expansion. Commonly used machines in the residential settings are treadmills, elliptical machines, kettlebells, and weights that aid easy exercising and provide high outputs to consumers.

The Europe fitness equipment market is expected to grow rapidly over the coming years due to increased consumer awareness about health & fitness in countries including Germany, Italy, and others. Rising issues of obesity and heart diseases in the European countries create the need for these products.

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The Asia Pacific fitness equipment market is witnessing substantial expansion due to the incorporation of new technologies and machines across all industry verticals in countries including China, Japan, and India. Increasing disposable income in the region and penetration of companies based in the U.S. account for growing consumer awareness about the latest technologies. The presence of a major manufacturing sector across the countries including South Korea, China, and Japan is adding up to the production and consumption of various machines.

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