Fitness Equipment Market to Witness Comprehensive Growth By 2025: ICON Health & Fitness, Inc.; Brunswick Corporation, Johnson Health Tech Co. Ltd.; Technogym S.p.A., Amer Sports Corporation, Nautilus
Fitness Equipment Market is expected to garner $14,201 million by 2025. Asia-Pacific is expected to witness the fastest growth, owing to increasing demand from developing countries such as India and China.
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Rise in awareness regarding health & fitness, increase in obese population, government initiatives for promoting good health, and surge in youth population drive the growth of the global fitness equipment market. However, high cost of fitness equipment is a key restraining factor for the market. Increase in youth population, improvement in lifestyle, and rise in disposable income of individuals in developing countries offer growth opportunities for the market players.
The report covers the study of the global fitness equipment market based on type, user, and region. Based on type, it is categorized into cardiovascular training equipment, strength training equipment, and other equipment. Based on user, it is classified into home consumer, health clubs/gyms, and other commercial users. The other commercial user segment is further categorized into hotels, corporate offices, hospitals & medical centers, and public institutions. Based on region, the market is analyzed across four regions, namely North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East & Africa).
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Detailed analysis for the major countries across all four regions is provided in the report. Countries analyzed under the North American geographical segment include the U.S., Canada, and Mexico. Countries covered under Europe include the UK, France, Germany, #Italy, Spain, Portugal, Benelux, and rest of Europe. Countries covered in the Asia-Pacific region include #Japan, Korea, China, #India, Hong Kong, Indonesia, Vietnam, Australia, Malaysia, and rest of Asia-Pacific. Japan and South Korea are the leading fitness equipment markets in this region. LAMEA includes Brazil and rest of Latin America.
The key players profiled in the report are 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.
The other players in the value chain include Exigo, Kettler (GB) limited, Matrix Fitness, and Octane Fitness.
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