Ongoing Study Traces the Expansion of Fitness Equipment Market during 2019 | Straits Research

Fitness Equipment Market:

The global fitness equipment market was valued at USD 4 billion in 2017 and is expected to exceed over 13 billion USD at CAGR 4% during the forecast period 2019–2026.

Today, the market is witnessing a new trend of fitness taking over the population around the world, health conscious population is increasing, and more people are preferring gym to stay fit. In line with this, the network of fitness technologies, gyms, and fitness clubs are expanding to cater to the consumer demand.  Moreover, increasing awareness about health and fitness among the geriatric population is leaving positive impact on the market.

According to CDC, over 62.5 million U.S. citizens had signed up for gym membership in 2018, and the number is estimated to reach over 90 million by the end of 2019. This is further supported by surging cardiovascular population adding fuel to the demand for stationary bicycles, treadmills, and weightlifting machines across the globe. Globally, the revenue for health and fitness sector is estimated to reach USD 230 million, Health Racquet and Sports Club Associations. In addition, more than a billion healthcare and fitness centers are present globally.  The U.S. alone has the world’s largest health and wellness club market with over 38477 clubs followed by Brazil with 34509 clubs.

According to OECD, by 2030 obesity levels are expected to be particularly high in the United States, England, and Mexico, where 47%, 35% and 39% of the population respectively are projected to be obese in 2030. Apart from this, West Virginia has the highest adult obesity rates which is 38.1% and Colorado has the lowest at 22.6 %. Increase in bad cholesterol (LDL) leads to heart disease such as, heart attacks, coronary artery disease, heart failure. According to American Heart association, in 2016 coronary heart disease was leading cause for deaths amongst US population accounted for (43.2%), moreover 30.3% of American adults had high LDL cholesterol level. Cardiovascular training helps to maintain (LDL) levels Thus, increasing high LDL levels, rising obesity rates is enhancing demand for cardiovascular training equipment such as treadmills, Weightlifting machines, and bicycles.

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The Major Prominent Players Covered in this Report:
Cybex Technologies, Brunswick Corporation, Icon health and fitness, Impulse Health Tech Ltd., and True fitness. & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

By Type, Cardiovascular Training Equipment, Strength Training Equipment, Rowing Machine, Treadmill, Other Cardiovascular Training Equipment
By End User, Health clubs, Gyms, Home, Consumer, Hotels

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Fitness Equipment Market Trends:
- The report identifies, determines, and forecasts the Global Fitness Equipment Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Fitness Equipment Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Fitness Equipment Market.

Key Questions Answered in The Report:
What will the Fitness Equipment market growth rate?
What are the key factors driving the global Fitness Equipment market?
Who are the key manufacturers in the Fitness Equipment market space?
What are the market opportunities, market risk, and market overview of the Fitness Equipment market?
What are sales, revenue, and price analysis of top manufacturers of the Fitness Equipment market?
Who are the distributors, traders, and dealers of the Fitness Equipment market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Fitness Equipment Industry?
What are sales, revenue, and price analysis by regions of Fitness Equipment industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Our Report Covers:
Historical inferences, findings & analysis of the market from 2016 to 2018
Projections and performance forecast analysis for the future from 2019 to 2026
Production and consumption point of view (POV) analysis
Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects

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This release was published on openPR.