Global Fitness Equipment Market Study Analysis: Increasing Public Knowledge Of Health Complications will Boost the Market's Growth

The global Fitness Equipment market size is expected to grow at a CAGR of 3.3% from 2021 to 2028. Fitness equipment is the device that helps in physical exercise to manage weight, develop muscular strength, and enhance physical stamina. The various fitness equipment includes treadmills, elliptical, stationary bicycles, weightlifting machines and strength building machines, stair lifters, and others. Various scientific research has stated that to stay fit and healthy physical exercise is a must. The awareness towards physical health and personality development is increasing all over the world and thus people are joining health clubs, gyms or focusing on personal training at home to stay fit and healthy. Fitness training is also becoming popular among people as it helps reduce mental stress as a result of a busy schedule and long working hours. Also, with growing income people are spending more on the fitness equipment. Even the companies are offering fitness training to their employees to improve their physical health that directly impacts their mental health as well. All these factors are expected to fuel the growth of the fitness equipment market.

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Global Fitness Equipment Drivers And Restrain:
The major factors that have impacted the growth of the fitness equipment market are increasing health awareness people are getting more concerned about their physical fitness, and increasing incidences in obesity and cardiovascular activities have increased the demand for fitness equipment, among others.

Increasing Health Awareness:
The best precaution to avoid any risk of certain diseases is to maintain physical health. The rising health issues such as diabetes, cholesterol, osteoarthritis, and heart-related alignments have surged the demand for physical fitness. By maintaining physical health these conditions can be controlled to a greater extent due to which various doctors and governmental bodies are continuously trying to increasing awareness about the benefits of physical health among young and old age groups that have resulted in growing preference for a healthy and fit lifestyle. This has increased the demand for fitness equipment. Also, the consumers are choosing physical exercise over medication to reduce weight, improve physical stigma and develop muscular strength is anticipated to increase the demand for fitness equipment.

Increasing incidences in obesity and cardiovascular conditions:
With the technological advancements and rapid increase in the use of mobile phones and indoor gaming apps, people all over the world have started living a more deskbound lifestyle. Longer working hours, higher stress levels, and unhealthy eating habits are also some of the major factors that have restricted physical activities. This has directly affected their physical health. Obesity and cardiovascular conditions are among the most rapidly increasing health issue among people of all age groups. According to the Centre for Disease Control (CDC) around 42.4 % of people were suffering from obesity in the year 2017-2018. According to the World Health Organization, the major causes of deaths all over the world is due to cardiovascular diseases. Around 17.9 million dies of cardiovascular diseases which contributes to 21% of deaths worldwide. Thus, to motivate people towards physical fitness, the demand for fitness equipment is rising which in turn is expected to boost the fitness equipment market growth.
The market is hampered by the high cost of equipment.

Impact Of COVID-19 on the Fitness Equipment Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Fitness Equipment Market Segments:
The global Fitness Equipment market is further segmented into device, end-user, and geography.
By Device: Cardiovascular Training and Strength Training
By End-User: Home, Health Clubs, Offices, and Hotels

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

Asia-Pacific region is estimated to considerably contribute to the fitness equipment market owing to increasing and rapidly developing economies. Moreover, sedentary and unhealthy lifestyles have led to diseases such as obesity, diabetes, heart disease, hypertension, and other bone diseases which have increased the demand for fitness equipment. The growing youth population and rapid urbanization are also expected to contribute to the fitness equipment market growth. Europe and North America are expected to show higher growth in the fitness equipment market due to the increasing obesity cases and organization’s health awareness programs. In these regions, the rising rates of gyms and health clubs are expected to contribute specifically toward home fitness equipment market growth.

Key Players of Global Fitness Equipment Market:
• Icon Health & Fitness
• Amer Sports Corporation
• Nautilus Inc
• Johnson Health Tech Co Ltd
• Brunswick Corporation
• TRUE Fitness Technology Inc
• Technogym
• Torque Fitness
• Cybex International Inc
• Elliptigo Inc

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Fitness Equipment Market
• Value Chain Analysis of Global Fitness Equipment Market
• What is the CAGR of the global Fitness Equipment Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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