Global Fitness Equipment Market to Witness Major Growth in Near Future

Global Fitness Equipment Market is projected reach $14.8 billion by 2028, registering a CAGR of 3.3% from 2021 to 2028.
The industry for exercise equipment is currently driven by the growing desire for health and fitness. The rise in urbanisation, the prevalence of obesity and chronic diseases brought on by unhealthy lifestyles, the expansion of corporate wellness initiatives, and demand from a variety of industries are some of the major drivers driving the fitness equipment market. In addition, the geriatric population is expanding and there is a rising desire for minimally invasive and non-invasive surgeries, which all contribute to the market's overall growth. On the other hand, it is predicted that the market expansion during the projection period will be constrained by high installation or setup costs for equipment or devices and rising demand for the resale of workout equipment that is cost-effective.

As more individuals are getting interested in fitness, the global market for fitness equipment has been growing at a respectable rate. By providing specialised workout equipment to an individual, the fitness sector has significantly expanded in terms of gym design and a holistic notion of fitness. The global rise in obesity rates, the rise in disposable income in developing nations, and the rise in the proportion of young people in developing regions are the main drivers impacting market expansion. The COVID-19 outbreak is another aspect, nevertheless, that has had a favourable effect on people's tastes with regard to their fitness objectives. The fitness equipment business is looking for methods to remain suitable in the face of COVID-19 by providing fitness equipment to consumers.

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Fitness equipment is essentially any piece of gear that is used for any exercise or fitness-related activity. They aid in increasing strength or developing physical fitness. In general, the fitness equipment consists of a variety of items, including stair steppers, elliptical cross trainers, free weights, rowing machines, treadmills, weight machines, stationary bikes, and weight machines. Exercise machines are devices that provide resistance to users when they engage in physical activity to enhance strength and endurance, control body weight, and improve flexibility. It improves one's appearance and personality. There are a variety of workout machines accessible, including treadmills, ellipticals, weight machines, and free weights.

Top key players of Global Fitness Equipment Market:
• ICON Health & Fitness
• Life Fitness
• Peloton
• Technogym
• Precor
• Nautilus
• Johnson Health Tech
• Dyaco
• Impulse
• Shuhua Sports
• True Fitness
• Shanxi Orient
• WaterRower
• WNQ Fitness

Market: By Types
• Treadmill
• Exercise Bike
• Elliptical
• Rower
• Strength Equipment

Market: By Applications
• Home
• Commercial

Global Fitness Equipment Market: Regional Analysis
The countries covered in the regional analysis of the Global Fitness Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Global Fitness Equipment market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Reasons to Purchase this Report:
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

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