Press release
Fitness Equipment Market is expected to grow at a CAGR of 1.31 % from 2023-2030 : Cognitive Market Research
Fitness Equipment Market is expected to grow at a CAGR of 1.31 % from 2023-2030 : Cognitive Market Research
Fitness equipment is a machine, which provides resistance to a person while performing physical exercises to manage overall weight gain strength and stamina, control weight, and improve flexibility. Physical exercise is counseled during certain medical treatments. The use of various fitness equipment such as treadmills, elliptical, stationary bicycles, weightlifting machines & strength building machines, and others.
Summary
• The Global Fitness Equipment Market Size Was Valued at USD 13.51 Billion In 2022 And Is Expected to Grow at A CAGR Of 1.31 % During the Forecast Period, Reaching USD 16.46 Billion By 2030.
• Based on type, the cardiovascular training equipment segment has the largest revenue share in the fitness equipment market.
• Based on the sales channel, the offline segment has the largest revenue share in the fitness equipment market.
• Based on end-user, the home consumer segment has the largest revenue share in the fitness equipment market.
• North America has the largest revenue share in the fitness equipment market.
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Market Dynamics
Increasing awareness regarding health & fitness and the obese population is the major factor expected to drive the growth of the fitness equipment market. Furthermore, several government initiatives to promote a healthy lifestyle are expected to create growth opportunities for the global fitness equipment market in the forecast period. However, the increasing cost associated with certain equipment and counterfeiting of fitness equipment hamper the growth of the fitness equipment market.
Market Segmentation:
By Type:
● Cardiovascular Training Equipment
● Strength Training Equipment
● Other Equipment
Based on type, the cardiovascular training equipment segment has the largest revenue share in the fitness equipment market. This is due to the increasing demand for cardiovascular equipment for at-home use expected to drive the growth of this segment.
By Sales Channel:
● Online
● Offline
Based on the sales channel, the offline segment has the largest revenue share in the fitness equipment market. This is due to offline channels' help in guiding customers to buy products as per their specific needs and requirements and convenience in terms of after-sale services.
By End User:
● Home Consumer
● Health clubs/gym
● Other commercial users
● Hospitals & Medical Centers
Based on end-user, the home consumer segment has the largest revenue share in the fitness equipment market. This is attributed to the closure of commercial gyms and fitness centers anticipated to drive the growth of the home consumer segment.
Competitive Analysis for Fitness Equipment Market:
ICON, Nautilus, Johson, Life Fitness, Technogym, Cybex, Precor, Star Tr, Ltd., Keiser Corporation, SportsArt Fitness, Inc., TRUE Fitness Technology, Inc., BH Fitness, Body-Solid, Inc., Ivanko Barbell Company, Others
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Regional Analysis
North America accounted for the largest share of the fitness equipment market
North America has the largest revenue share in the fitness equipment market. This is due to the presence of the largest number of fitness clubs in the region. In addition, the increasing obese population is anticipated to drive the growth of the fitness equipment market in the region.
News:
Lululemon has acquired home fitness
In June 2020, Lululemon has announced the complete acquisition of a home fitness brand called a mirror for USD 500 million.
Source: https://techcrunch.com/2020/06/29/lululemon-set-to-acquire-home-fitness-startup-mirror-for-500m/
Source (https://www.alivecor.com/press/press_release/fda-clears-worlds-first-credit-card-sized-personal-ecg/)
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Fitness Equipment Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Fitness Equipment Market Segmentation
1.5.1 Fitness Equipment Market Regional Fragmentation
1.5.1 Fitness Equipment Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Fitness Equipment Market
• 3.1 Global Fitness Equipment Market Size 2018 - 2030, (USD Million)
• 3.2 Global Fitness Equipment Market Statistics 2022: Snapshot
Chapter 4 Global Fitness Equipment Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Fitness Equipment Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Fitness Equipment Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Fitness Equipment Market by Sales Channel Segmentation Analysis (2018-2030)
Chapter 11 Global Fitness Equipment Market Regional Analysis
Chapter 12 North America Fitness Equipment Market Outlook (2018 - 2030)
Chapter 13 Europe Fitness Equipment Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Fitness Equipment Market Outlook (2018 - 2030)
Chapter 15 Latin America Fitness Equipment Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Fitness Equipment Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Fitness Equipment Market TOC click here:
https://www.cognitivemarketresearch.com/cardiology-electrodes-market-report#table_of_contents
Related Reports:
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https://www.cognitivemarketresearch.com/street-fitness-equipment-market-report
Aerobic Fitness Equipment Market:
https://www.cognitivemarketresearch.com/aerobic-fitness-equipment-market-report
Lateral Fitness Equipment Market:
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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