Fitness Equipment Market to register appreciable gains through 2024 | Trends by Key Players: Amer Sports Corporation, Johnson Health Tech, Icon Health & Fitness, Brunswick Corporation, Technogym S.p.A., True Fitness, Torque Fitness, and Nautilus, Inc.
Key players operating in the fitness equipment market are Amer Sports Corporation, Johnson Health Tech, Icon Health & Fitness, Brunswick Corporation, Technogym S.p.A., True Fitness, Torque Fitness, and Nautilus, Inc., among others. The players are offering advanced monitoring and tracking health status systems to customers. For instance, ICAROS is offering several virtual realities enabled machines that provide effective and exciting exercise experiences to the users. Moreover, major companies are engaged in acquiring small players for expanding their business operations. For instance, in June 2018, PureGym acquired Soho Gyms and its ten fitness clubs based in London.
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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. 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.
Fitness Equipment Market is expected to exceed USD 14 billion by 2024. Rising health awareness among people of all age groups is expected to accelerate the fitness equipment market growth. The fitness equipment is largely used by the youth to improve the health & fitness as compared to the other age categories. Moreover, manufacturers consider this age group as their target market as a high demand is being witnessed from them. They are developing several advanced technologies to enhance the fitness levels of young persons. For instance, barbells and dumbbells, used as strength training equipment, are used mostly by this age group.
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.
The Asia Pacific fitness equipment market is witnessing a high growth owing to the rise in the development of several health clubs and gyms in several application segments. Rising obese population and increasing disposable income of individuals in the region offer significant growth opportunities to the industry Such factors encourage the public to focus on health conditions, driving the adoption of several advanced machines and providing an impetus to the fitness equipment market growth. Furthermore, the surge in the adoption of these products in hotels, corporate offices, and educational institutions is expected to fuel the demand in the fitness equipment market.
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Table of Content:
Chapter 1 Methodology & Scope
1.1 Definition and forecast parameters
1.1.1 Definition & forecast parameters
1.1.2 Methodology and forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Fitness equipment industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Equipment trends
2.1.4 End-use trends
Chapter 3 Fitness Equipment Industry 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
188.8.131.52 Independent authorized dealers
184.108.40.206 Domestic & international distributor
220.127.116.11 Direct sales
3.3.2 Vendor matrix
3.4 Regulatory landscape
3.5 Technology & innovation landscape
3.6 Industry impact forces
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
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
3.11 PESTEL analysis
Chapter 4 Fitness Equipment Market, By Equipment
4.1 Key trends by equipment
4.3 Strength training
Chapter 5 Fitness Equipment Market, By End-Use
5.1 Key trends by end-use
5.2.1 Market estimates and forecast, 2013 - 2024
5.2.2 Market estimates and forecast, by region, 2013 - 2024
5.3 Health Club
5.3.1 Market estimates and forecast, 2013 - 2024
5.3.2 Market estimates and forecast, by region, 2013 - 2024
5.4.1 Market estimates and forecast, 2013 - 2024
5.4.2 Market estimates and forecast, by region, 2013 - 2024
Chapter 6 Fitness Equipment Market, By Region
Chapter 7 Company Profiles
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