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Fitness Equipment Market to Reach $14,200.8 Million | By Top Leading Companies ICON Health & Fitness, Inc.; Brunswick Corporation, Johnson Health Tech Co. Ltd.; Technogym S.p.A., Amer Sports Corporation, Nautilus, Inc.; Core Health and Fitness, LLC, TRUE

04-17-2019 10:24 AM CET | Sports

Press release from: Allied Market Research

Fitness Equipment Market

Fitness Equipment Market

An alarming rise in global obesity, especially in urban areas, supplements the growth of the fitness equipment market. Medium-priced cardiovascular fitness equipment with smarter workout tracking, and entertainment features are expected to attract more customers in developing countries such as India and China, due to price sensitivity. However, the developed markets are anticipated to be driven by high-end equipment with advanced and sophisticated user engagement and monitoring features.

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Allied Market Research published a report, titled, "Fitness Equipment Market by Type (Cardiovascular Training Equipment, Strength Training Equipment, and Other Equipment) and User (Home Consumer, Health Club/Gym, and Other Commercial User): Global Opportunity Analysis and Industry Forecast, 2018-2025". The report offers in-depth insights on the key investment pockets, market share analysis, drivers & opportunities, major market segments, strategic developments, and competitive landscape. According to the report, the global fitness equipment market was pegged at $10.68 billion in 2017 and is expected to reach $ 14.20 billion by 2025, registering the CAGR of 3.6% through 2025.

Market growth is fostered by rise in obese population, increase in number of health awareness initiatives by the government & other enterprises, and growth in number of gyms & fitness clubs, worldwide. However, rise in demand for non-machine fitness equipment has and high cost of fitness equipment restrain the market growth, particularly in emerging economies.

The cardiovascular training equipment segment captured more than half of the market share in 2017 and is anticipated to manifest the fastest CAGR of 3.8% from 2018 to 2025. Cardiovascular training equipment stimulates the heart rate and help in burning excess body fat and build endurance. The exercise also strengthens the metabolism and reduces stress levels. These equipment are best used for conditioning by athletes and regular people alike. The report also discusses about other types of fitness equipment which includes strength training equipment, and other equipment.

In 2017, health clubs/gyms segment dominated the global fitness equipment market, accounting for over 44.10% of the total fitness equipment market revenue. The segment is anticipated to maintain its dominance throughout the forecast period, growing at the highest CAGR of 4.2%. Increase in the number of health clubs and gyms significantly drive the growth of the global fitness equipment market. In the U.S., fitness clubs and membership rates have witnessed decent increase in the recent years owing to rise in incidence of obesity, with 34,460 clubs and 55 million members in 2015. Other users discussed in the report include home consumer, other commercial users.

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The North America fitness equipment market accounted for two-fifths of the total market share in 2017. U.S. exhibits the highest penetration of cardiovascular equipment across the world on account of high obesity rates and increased health consciousness. However, The Asia-Pacific fitness equipment market is projected to grow at the highest CAGR of 6.7% during the forecast period.

The key players profiled in the report include ICON Health & Fitness, Inc.; Brunswick Corporation, Johnson Health Tech Co. Ltd.; Technogym S.p.A., Amer Sports Corporation, Nautilus, Inc.; Core Health and Fitness, LLC, TRUE Fitness Technology, Inc.; Impulse (Qingdao) Health Tech Co. Ltd.; and Torque Fitness, LLC.

Analyst Review:

The fitness equipment industry is continuously developing innovative, new, and exciting exercise products for both home use and commercial gym environments to cater to the changes in trend for physical activity and exercises across the globe. The aim is to maximize fitness level alongside enhancing the overall workout experience of users. For instance, earlier, fitness equipment had a standard user interface. However, these user interfaces are now evolving to include more sophisticated smartphone-like features. In addition, fitness machines also provide advanced entertainment functionality, such as the ability to watch live TV, listen to music, and access the internet during workout to allow users to customize and monitor individual workouts.

Major manufacturers of fitness equipment explore options to improve overall user satisfaction and machine equipment effectiveness (OEE) by developing a next generation fitness machine product line that has reduced machine down time and improved user engagement. They also seek for a reliable and durable touch solution that can withstand the rigors of a typical commercial gym environment, while maintaining consistent optical clarity of the LCD and touch interface. To fulfil this requirement, OEMs have selected microtech system based on 3M Surface Capacitive Technology (3M SCT). This robust touch interface can withstand rigors of commercial environment and offer easy cleaning after use. Along with developing innovative products, OEMs are using acquisition, partnership and expansion as their key growth strategies in order to access other geographies, extend product lines and market share.

The global fitness equipment market is analyzed in accordance to its users including home consumers, health clubs, and other commercial users such as hotels and hospitals. Home users currently drive the market due to high usage among the North American population. This market segment is expected to grow at a considerable growth rate during the forecast period. Also, with the rise in number of health clubs, the fitness equipment market for health club segment is expected to witness the highest growth rate during the forecast period. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America generated the highest revenue in 2017. Increase in adoption of fitness equipment systems is largely attributed to huge number of obese population and high fitness awareness in the North American region.

IST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. FITNESS EQUIPMENT MARKET, BY USER, 2018-2025 ($MILLION)
FIGURE 03. TOP IMPACTING FACTORS OF FITNESS EQUIPMENT MARKET, BY USER, 20182025
FIGURE 04. TOP INVESTMENT POCKETS, BY TYPE 2017
FIGURE 05. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06. HIGH BARGAINING POWER OF BUYERS
FIGURE 07. HIGH THREAT OF NEW ENTRANTS
FIGURE 08. MODERATE THREAT OF SUBSTITUTES
FIGURE 09. HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10. VALUE CHAIN MODEL OF FITNESS EQUIPMENT MARKET
FIGURE 11. MARKET SHARE ANALYSIS, 2017
FIGURE 12. FITNESS EQUIPMENT MARKET REVENUE SHARE, BY TYPE 2017-2025 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF CARDIOVASCULAR FITNESS EQUIPMENT MARKET REVENUE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF STRENGTH TRAINING FITNESS EQUIPMENT MARKET REVENUE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF OTHER FITNESS EQUIPMENT MARKET REVENUE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 16. FITNESS EQUIPMENT MARKET REVENUE SHARE, BY USER 2017-2025 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF FITNESS EQUIPMENT MARKET REVENUE FOR HOME CONSUMER, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF FITNESS EQUIPMENT MARKET REVENUE FOR HEALTH CLUBS/ GYMS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF FITNESS EQUIPMENT MARKET REVENUE FOR OTHER COMMERCIAL USERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 20. FITNESS EQUIPMENT MARKET REVENUE SHARE, BY REGION 2017-2025 (%)
FIGURE 21. U.S. FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 22. CANADA FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 23. MEXICO FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 24. UK FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 25. FRANCE FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 26. GERMANY FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 27. ITALY FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 28. SPAIN FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 29. PORTUGAL FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 30. BENELUX FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 31. REST OF EUROPE FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 32. JAPAN FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 33. JAPAN FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 34. CHINA FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 35. INDIA FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 36. HONG KONG FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 37. INDONESIA FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 38. VIETNAM FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 39. AUSTRALIA FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 40. MALAYSIA FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 41. REST OF ASIA-PACIFIC FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 42. BRAZIL FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 43. REST OF LAMEA FITNESS EQUIPMENT MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 44. ICON HEALTH & FITNESS: REVENUE, BY BUSINESS SEGMENT, 2017 (%)
FIGURE 45. ICON HEALTH & FITNESS - SWOT ANALYSIS
FIGURE 46. BRUNSWICK CORPORATION: REVENUE, 20152017 ($MILLION)
FIGURE 47. BRUNSWICK CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 48. BRUNSWICK CORPORATION: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 49. BRUNSWICK - SWOT ANALYSIS
FIGURE 50. JOHNSON HEALTH TECH CO., LTD: REVENUE, 20152017 ($MILLION)
FIGURE 51. JOHNSON HEALTH TECH - SWOT ANALYSIS
FIGURE 52. TECHNOGYM S.P.A: REVENUE, 20152017 ($MILLION)
FIGURE 53. TECHNOGYM S.P.A: REVENUE SHARE BY DISTRIBUTION CHANNEL, 2017 (%)
FIGURE 54. TECHNOGYM S.P.A: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 55. TECHNOGYM - SWOT ANALYSIS
FIGURE 56. AMER SPORTS CORPORATION: REVENUE, 20152017 ($MILLION)
FIGURE 57. AMER SPORTS CORPORATION: REVENUE SHARE BY SEGMENT T, 2017 (%)
FIGURE 58. AMER SPORTS CORPORATION: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 59. AMER SPORTS CORPORATION - SWOT ANALYSIS
FIGURE 60. NAUTILUS, INC.: REVENUE, 20152017 ($MILLION)
FIGURE 61. NAUTILUS, INC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 62. NAUTILUS, INC.: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 63. AMER SPORTS CORPORATION - SWOT ANALYSIS
FIGURE 64. TORQUE FITNESS LLC - SWOT ANALYSIS
FIGURE 65. IMPULSE HEALTH TECH LTD. CO.- SWOT ANALYSIS

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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