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The Largest Fitness Equipment Market in Europe Growing at CAGR of 3.0% during the period 2016-2022

02-21-2019 04:06 PM CET | Health & Medicine

Press release from: Allied Market Research

Fitness Equipment Market

Fitness Equipment Market

Europe Fitness Equipment Market Report, published by Allied Market Research, forecasts that the European market is expected to garner $3.7 billion by 2022, registering a CAGR of 3.0% during the period 2016-2022. The U.K. is the largest fitness equipment market in Europe, followed by Germany. Increasing obese population would be the key growth propellant of the fitness equipment market in the European region.

Fitness trackers & monitors have gained substantial market in countries such as the U.K. and France. Further, it is gradually gaining acceptance among people in other countries of Europe. Among the end user segments of fitness equipment, home/individual users significantly drive the growth of the market, favored by increasing adoption due to growing fitness consciousness, particularly in Germany and France. The geriatric population in Germany prefer exercising at home, which boosts the cardiovascular fitness equipment market within the home user segment.

Europe fitness equipment market is segmented on the basis of type, user, and country. Based on type of fitness equipment, the market is segmented into machines for cardiovascular training, strength training, and other instruments for monitoring and tracking.
The end user segment for the fitness equipment market comprise home/individuals, health clubs, and commercial organizations. The major commercial segment for this market includes equipment procured by hotels, corporate wellness centers at enterprises, and hospitals. The Europe fitness equipment market is analyzed on the basis of regions, which include the U.K., Germany, France, Italy, and Rest of Europe. The U.K. would dominate the European market throughout 2015 - 2022.

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Key Findings of Europe Fitness Equipment Market:
• The U.K. would continue to dominate the market, accounting for more than one-fifths of the market size in 2022.
• The market in France is dominated by home users; on contrary, health club segment leads the market in Germany
• The cardiovascular equipment segment accounted for largest, i.e., more than 54% share of the market in 2015, and is projected to maintain this trend throughout the forecast period
• The adoption of fitness equipment by home users is estimated to grow at a CAGR of 4.3% during the forecast period particularly due to growing fitness consciousness among geriatric population.

Key Players
• Amer Sports Corporation
• Nautilus, Inc.
• Brunswick Corp.
• Johnson Health Tech Ltd.
• Cybex International, Inc.
• ICON Health & Fitness, Inc.
• Technogym SpA
• Tuntari New Fitness B.V.
• Exigo
• Kettler (GB) Limited
• Torque Fitness LLC

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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