Fitness Equipment Market by Competitive Research and Future Demand Outlook 2021-2030

The Global Fitness Equipment Market size was valued at USD 11.44 billion in 2019 and is predicted to reach USD 16.56 billion by 2030, with a CAGR of 3.3% from 2020-2030.

Fitness equipment is any device or gadgetry used during physical exercise to enhance the effects of that particular exercise. The combination of exercise and fitness equipment help in boosting immunity, improve muscle and bone strength and manage BMI. Globally, more than 1 billion adults are overweight or obese. Additionally 38 million children in 2019, as young as 5 years old, were found to be overweight or obese. Worsening obesity problems worldwide, as well as, growing ideal shift among the population are prime factors that have fostered the growth of the fitness equipment market.

Access Full Description of this report at:–

https://www.nextmsc.com/report/fitness-equipment-market

Competitive Landscape

The fitness equipment market is highly competitive and consists of various market players that include Johnson Health Tech Co. Ltd., Matrix Fitness, Icon Health & Fitness, Inc., Torque Fitness LLC., Nautilus, Inc., True Fitness Technology, Inc., Technogym S.p.A., Impulse (Qingdao) Health Tech Co. Ltd., Exigo-UK, Amer Sports Corporation, Kettler (GB) Limited, Octane Fitness Life Fitness a subsidiary of Brunswick Corporation, Nautilus, Inc., and Core Health and Fitness LLC among others.

The key players are employing strategies such as joint ventures, collaboration, capacity expansion, mergers, and acquisition in-order to gain stronger position in the global fitness equipment market.

For instance, in February 2020, Johnson Health Tech (JHT), one of the major players in fitness equipment market, announced the purchase of 60% share of Fuji Medical Instruments Mfg. Co., Ltd, the parent company of Fujiiryoki brand massage chairs, in approximately 57.72 million USD.

In the same month, Matrix Fitness, one of the leading companies in fitness equipment market, announced its partnership with Smart Fit, with an aim to equip 200 SmartFit facilities with its premium equipment.

In April 2020, BeaverFit LLC., the global leader in mobile as well as outdoor fitness equipment, entertaining both individual and commercial audience, announced its acquisition over Mobile Fitness Equipment Inc., a leading national fitness equipment provider; thereby reinforcing BeaverFit’s strategy to commercialize its revolutionary fitness training products in the global fitness equipment market.

In May 2020, Vitality Group, a global health & wellness company in the fitness equipment market, entered a strategic partnership with Health Fitness Corporation, a leading provider of fitness center management and wellness services, to encourage healthy changes in individuals and organizations.

Request sample copy of this report at:-

https://www.nextmsc.com/fitness-equipment-market/request-sample

Geographical Analysis

North America region is expected to dominate the global fitness equipment market, accounting for the highest market share throughout the forecast period. This is attributed to higher inclination towards fitness trends, increased awareness regarding healthy lifestyles, unhealthy food habits and sedentary lifestyles leading to higher requirements of exercising equipment. Furthermore, well established gyms, training centers, and health clubs in this region along with availability of highly advanced training equipment, tend to foster the growth of fitness equipment market.

Asia Pacific region demonstrate a substantial growth in the fitness equipment market and is expected to grow with the highest CAGR values throughout the forecast period, owing to higher prevalence of diseases like hypertension, diabetes, obesity, and others, specifically in the youth. Furthermore, rapid urbanization, increasing awareness towards healthy lifestyles, government initiatives encouraging healthy & fit lifestyles and increase in per capita disposable income, are fueling the growth of fitness equipment market in this region.

Contact Details
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.