Press release
Fitness Equipment Market to See Revolutionary Growth Over 2021 – 2026| Leading Key Players are Icon Health & Fitness, Johnson Health Tech Hoist Fitness Systems, Amer Sports Corporation, True Fitness, Technogym S.p.A, Torque Fitness
The fitness equipment market is expected to witness a lucrative rate of growth in coming years owing to ongoing technological advancements. The increase in number of gyms and fitness centers is also one of the other growth factors that is expected to fuel industry growth. The coronavirus outbreak is expected to slow down growth rate in the short term since gyms and fitness centers are closed. However, once the situation is under control, the industry is expected to bounce back substantially.Asia Pacific fitness equipment market is registering robust growth given to the mounting need for fitness equipment especially across countries like Japan and China. The region’s advanced electronics sector has effectively developed wearable fitness tracking devices that utilize advanced sensors.
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The market for connected fitness equipment is likely to grow at a rapid pace over the estimated time frame. The collaboration of fitness equipment manufacturers with technology providers so as to provide improved fitness related solutions is likely to form a primary trend in the market.
The cardiovascular equipment segment is likely to gain importance owing to numerous health benefits provided by these fitness equipment. Increasing issues related to stress and health concerns due to sedentary lifestyles are stimulating the demand for fitness equipment. Exercise bikes boost muscle strengthening and also enhances the cardio-respiratory capacity, whereas climbers enable in muscle toning and weight reduction.
Exercise bikes can effectively boost muscle strength and help enhance the body’s cardio-respiratory capacity. Companies are launching different models of exercise bikes for indoor and outdoor use and are installed touch screen console for better user experience.
The demand for fitness equipment is likely to increase across the globe owing to the increasing number of gyms and health clubs. Europe has also observed a rise in health club memberships. In fact, in Switzerland, health insurance providers offer subsidies to individuals paying for health club memberships. Due government associations stressing on the significance of well-being and health, the number of fitness centers have begun to increase.
Overall, the aforementioned trends are likely to offer a diverse range of growth opportunities for fitness equipment market. The competitive spectrum of fitness equipment market includes companies like Johnson Health Tech, Amer Sports Corporation, Icon Health & Fitness, Nautilus Inc., Brunswick Corporation, and Technogym S.p.A among others.
The competitive landscape of global fitness equipment market is inclusive of players such as Amer Sports Corporation, Brunswick Corporation, Icon Health & Fitness, Johnson Health Tech, Technogym S.p.A, and Nautilus Inc. among others.
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Partial Chapter of the Table of Content
Chapter 4. Fitness Equipment Market, By Equipment
4.1. Key trends by equipment
4.2. Cardiovascular
4.2.1. Market estimates and forecast, 2015 - 2026
4.2.2. Market estimates and forecast, by equipment, 2015 - 2026
4.2.3. Market estimates and forecast, by end-use, 2015 - 2026
4.3. Strength training
4.3.1. Market estimates and forecast, 2015 - 2026
4.3.2. Market estimates and forecast, by equipment, 2015 - 2026
4.3.3. Market estimates and forecast, by end-use, 2015 - 2026
4.4. Others
4.4.1. Market estimates and forecast, 2015 - 2026
4.4.2. Market estimates and forecast, by end-use, 2015 - 2026
Chapter 5. Fitness Equipment Market, By End-Use
5.1. Key trends by end-use
5.2. Home
5.2.1. Market estimates and forecast, 2015 - 2026
5.3. Health Clubs
5.3.1. Market estimates and forecast, 2015 - 2026
5.4. Offices
5.4.1. Market estimates and forecast, 2015 - 2026
5.5. Hotels
5.5.1. Market estimates and forecast, 2015 - 2026
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