Global Exercise Equipment Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global exercise equipment market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising government initiatives related to health awareness, and increasing corporate wellness programs. In addition, the rising awareness about healthy lifestyle, higher disposable income, and rapid urbanization leading to lifestyle disorders such as high sugar, blood pressure, and obesity which encourage people to engage in fitness activities. These are some factors that propel the growth of the global exercise equipment market during the forecast period. Furthermore, the increasing geriatric population especially in Europe, increase in prevalence of chronic diseases, increasing awareness about the consequences of obesity that include high blood pressure, heart strokes, and diabetes, rise in disposable income, rising urbanization coupled with the rising number of health clubs are further boosting the growth odf the market during the forecast period.

Some major players in the market include Icon Health & Fitness, Inc., Johnson Health Tech Co., Ltd., and Technogym S.p.A., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2021, Nautilus Inc. announced the launch of its connected Bowflex Max Trainer M9 machine and Bowflex T22 treadmill with an enhanced JRNY digital fitness platform, offering curated workouts and entertainment options that stream while being coached. Further, in 2021, Johnson Health Tech Co. announced that the company acquired Matrix Fitness South Africa, a distributor for Johnson Health Tech Co. before the acquisition, becoming the first fitness equipment company to have a wholly-owned subsidiary in Africa. Moreover, Lululemon Athletica Inc. announced that the company acquire the Mirror a home fitness brand for $500 million.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Product Type
o By End-Use
o By Sales Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Icon Health & Fitness, Inc., Johnson Health Tech Co., Ltd., and Technogym S.p.A., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Exercise Equipment Market is available at:
https://orionmarketreports.com/global-exercise-equipment-market/109462/

Global Exercise Equipment Market Report by Segment

By Product Type
• Treadmills
• Elliptical Machines
• Stationary Cycles
• Rowing Machines
• Strength Training Equipment
• Others

By End Use
• Home
• Health Clubs
• Office
• Hotel
• Others

By Sales Channel
• Online
• Offline

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This release was published on openPR.