Fitness Equipment Market in APAC Region is Projected to Grow at A Rapid Rate Over 2018 - 2024 | Key Players - Amer Sports Corporation, Brunswick Corporation, HOIST Fitness, ICON Health and Fitness, Nautilus Inc., Technogym
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The fitness equipment market, a pivotal sub-sphere of the global fitness sector – has been strongly reinforcing its stance in its parent industry ever since the advent of fitness gyms. Valued at $10 billion in 2017, fitness equipment market has been showcasing an exponential rate of growth primarily on account of the fact that the lifestyle of a modern-day human is increasingly becoming more and more sedentary. The prevalence of this lifestyle coupled with the modern-day conveniences, where cheaply-priced fast-food is readily made available at the touch of a button, creates an extremely flourishing environment for cases of obesity as well as chronic diseases. This trend further propagates the inherent need to exercise and pursue fitness, augmenting fitness equipment industry trends.
The Major Key Players in the Market are as follows:
1. Amer Sports Corporation
2. Brunswick Corporation
4. HOIST Fitness
5. ICON Health and Fitness
6. Johnson Health Tech. Co., Ltd.
7. Nautilus Inc.
9. Torque Fitness
10. True Fitness
Cardiovascular machines are witnessing a high adoption in several application areas due to the increased heart problems faced by people. These machines include exercise bikes, treadmills, and elliptical machines, which help users in burning the calories consumed, eliminating the occurrence of heart attacks and diabetes. Moreover, these machines are being integrated with advanced systems, allowing users to track several health parameters.
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For instance, mobile tracking applications help users in tracking their health status by connecting these machines with their mobile devices. Moreover, applications of these machines are growing rapidly in health clubs and gyms, driving the fitness equipment market.
The fitness equipment market is experiencing a high adoption in offices owing to the increased corporate focus on the health conditions of employees & staff members. The multinational companies, which have large infrastructure & buildings are developing a separate space for establishing health & wellness centers for their employees. The companies are offering such services to increase the employee productivity in the organization.
Moreover, the manufacturers in the fitness equipment market are developing and offering several advanced systems that are specifically developed for corporate sectors. For instance, Isokinetics, Inc. is offering Pedal Exercise, which is best suited for office use. The product helps companies to save their office space by installing small and portable machines in their gyms.
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Driven by the robust awareness regarding sound health and good fitness levels, the revenue graph of fitness equipment market is expected to demonstrate an exponential rate of growth. According to a report by Global Market Insights, Inc., the growing demand for these equipment in health clubs across the globe is projected to stimulate the fitness equipment market, slated to cross $14 billion by 2024.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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