Comprehensive Analysis on Fitness Equipment Market | Key Players are Amer Sports Corporation, Brunswick Corporation, HOIST Fitness, ICON Health and Fitness, Nautilus Inc., Technogym, True Fitness

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.

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The key players covered in this study: -
1. Amer Sports Corporation
2. Brunswick Corporation
3. FitnessEM
4. HOIST Fitness
5. ICON Health and Fitness
6. Johnson Health Tech. Co., Ltd.
7. Nautilus Inc.
8. Technogym
9. Torque Fitness
10. True Fitness

Some Points From Table Of Content: -
Chapter 3 Fitness Equipment Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel of fitness equipment manufacturers
3.3.1.1 Independent authorized dealers
3.3.1.2 Domestic & international distributor
3.3.1.3 E-commerce
3.3.1.4 Teleshopping
3.3.1.5 Direct sales
3.3.2 Vendor matrix
3.4 Regulatory landscape
3.4.1 Active Standard ASTM F2276
3.4.2 FDA Regulation of Health and Fitness Equipment
3.4.3 European Directives and Standards
3.5 Technology & innovation landscape
3.5.1 Wearable and smart technology
3.5.2 Digital connectivity
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Growing health and fitness consciousness in North America
3.6.1.2 Increasing corporate wellness programs and cross industry demand in North America
3.6.1.3 Government healthcare initiatives and increasing geriatric population in Europe
3.6.1.4 Increase in chronic diseases in Asia Pacific
3.6.1.5 Rise in disposable income in Asia Pacific
3.6.2 Industry pitfalls and challenges
3.6.2.1 High cost of the equipment
3.6.2.2 Growth of used fitness equipment market
3.7 Growth potential analysis
3.8 Price trend analysis, 2013 – 2024
3.9 Porter’s analysis
3.10 Competitive landscape, 2017
3.10.1 Company market share analysis
3.11 PESTEL analysis

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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.

Particularly led by Canada and the United States, the North America fitness equipment market has been depicting a highly commendable growth rate in the last few years. According to an industry statistics report by the government of Canada, the average annual revenue of around 6,984 fitness & recreational sports centers was about $310,000 in 2016. These numbers are further expected to rise as more and more individuals sign up to fitness centers for better health.

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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.

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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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