Fitness Equipment Market Expected to reach USD15.56 Bn at a CAGR of 3.32 Percent by 2029: Maximize Market Research

Pune 17 Feb 2023: The report expects the market to grow from USD 11.98 Bn in 2021 to USD 15.56 Bn by 2029 at a CAGR of 3.32 percent during the forecast period from 2022 to 2029. Maximize Market research, a leading global healthcare research firm, that delivers data and analysis on the global and regional healthcare industry has published a report on the "Fitness Equipment market". The report includes key business insights and market sizing by region, Type and End-Use, with forecast till 2029.

Fitness Equipment Market Report Scope and Research Methodology

The report provides a complete analysis of the competition, segmentation, dynamics and geographic advancement of the global Fitness Equipment market. The report analyzes Fitness Equipment market segments are Type and End-Use. It offers a comprehensive overview of the present and the growing advancements occurring in all business sectors. The market drivers, restraints, opportunities, and barriers for Fitness Equipment Market. The competitive analysis of the Fitness Equipment Market includes information on the revenue, financial condition, portfolio, technological adoption, mergers and acquisitions, joint ventures, and strategic alliances of the major market participants.

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The bottom-up approach was used to estimate the Fitness Equipment market size. Data was gathered through primary as well as secondary data sources. Surveys, administering questionnaires, and telephonic interviews with industry specialists, market leaders, and marketing professionals were included in the primary data collection methods. Secondary data includes official databases of various organizations and government sites, industry journals, white papers, annual reports, and releases of products from manufacturers and suppliers in the industry, along with paid databases. SWOT analysis was conducted to identify the strengths and weaknesses of the Fitness Equipment market, while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Fitness Equipment market.

Increase in the chronic disease to contribute to Fitness Equipment Market growth

Changing dietary habits, sedentary lifestyles and a rise in physical inactivity are the drivers to increase chronic diseases and obesity. During the forecast period, the global Fitness Equipment Market is expected to be driven by increasing awareness about fitness benefits, government initiatives for fitness activities, a growing population, an increase in disposable income and technological advancements in fitness equipment, and development of the smart gyms. It is also expected to be driven by increasing awareness about self-care products among people. Over the forecast period, the Fitness Equipment Market growth is expected to be hampered by the high cost associated with modern exercise machinery and lack of technological advancement for health benefits in developing countries.

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North America dominated the global Fitness Equipment Market holding the largest market share in 2021

In 2021, North America held the global Fitness Equipment Market with the largest market share of 35.1 percent and is expected to maintain its dominance throughout the forecast period. The regional market growth is expected to be driven by increasing awareness of fitness benefits, rising technological advancements in fitness equipment and presence of the large fitness center chains.

During the forecast period, the Asia Pacific region is expected to grow at a rapid CAGR of 6.21 percent in the global Fitness Equipment Market. Increasing fitness programs and development of the fitness clubs in the region are expected drivers for the regional Fitness Equipment market growth.

Fitness Equipment Market Segmentation

By Type

Cardiovascular Training Equipment
Treadmill
Elliptical
Stationary Bike
Rowing Machine
Others
Strength Training Equipment
Other Equipment

By End-User

Home Consumer
Health Club/Gym
Other Commercial User
Hotel
Corporate Office
Hospitals & Medical Center
Public Institution

Fitness Equipment Market Key Players include:

ICON Health & Fitness, Inc.
Brunswick Corporation
Johnson Health Tech Co. Ltd.
p.A.
Amer Sports Corporation
Nautilus, Inc.
Core Health and Fitness, LLC
TRUE Fitness Technology, Inc.
Impulse (Qingdao) Health Tech Co. Ltd.
Torque Fitness, LLC.
Star Trac Health and Fitness Inc.
Body-Solid Inc.
Yowza fitness
Precor Incorporated
Paramount Fitness Corp.
NordikTrack Inc.
Cybex International Inc.
Body by Jake Global LLC
Nautilus Inc.
Fitness EM
Motus
Technogym
Seca GmbH
Omron Healthcare, Inc.

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Table of for Global Fitness Equipment Market:

Global Market: Research Methodology

Global Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Fitness Equipment Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Market Segmentation

Global Market, by Type (2021-2029)
Global Market, by End-User (2021-2029)

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Regional Global Market(2021-2029)

Regional Market, by Type (2021-2029)
Regional Market, by End-User (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of Type, End-User and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

Maximize Market Research is Healthcare research firm, has also published the following reports:

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Home Fitness Equipment Market - Growth, Segmentation Based on Product Type, Distribution Channel, End-User, and Price Point: know more
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Yoga Clothing Market: Global Market Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics and Segmentation: know more
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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