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Vietnam Fitness Equipment Market Size 2022 - Global Industry Share, Growth Prospects, Trends Under COVID-19, Top Players Updates, Future Strategies and Forecast to 2032: SPER Market Research
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Vietnam Fitness Equipment Market Overview (2022-2032)
Forecast CAGR (2022-2032): XX%
Forecast Market Size (2032): XX billion
The demand for exercise equipment is being driven by a number of causes, including rising disposable incomes, greater health consciousness among the general public, and young people's increasing embrace of fitness activities. The growth in the number of gyms and fitness centres in Vietnam has also helped the fitness equipment industry to expand. The market is fiercely competitive because it contains both domestic and foreign brands. A few of the market's major players include Life Fitness, Technogym, Johnson Health Tech, and ICON Health & Fitness. In order to appeal to a variety of consumer segments, these companies offer a wide range of exercise equipment at different pricing points.
Impact of COVID-19 on the Vietnam Fitness Equipment Market
The market for fitness equipment in Vietnam has been significantly impacted by the COVID-19 pandemic. Fitness equipment for home use is more in demand now that gyms and fitness centres are closed during lockdowns. Manufacturers now have the chance to capitalise on the rising demand for home fitness equipment. More people are focusing their health and fitness thanks to the pandemic, which has also changed consumer behaviour. As a result, more attention has been paid to creating cutting-edge, inventive, and technologically sophisticated workout equipment that can be utilised at home. In addition to these difficulties, the pandemic has caused manufacturing delays and supply chain disruptions in the industry. The need for fitness equipment has been impacted by the closure of gyms and fitness centres, which has also reduced revenue for these companies.
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Vietnam Fitness Equipment Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By End User:
Health Clubs/Gyms
Home Consumer
Others
By Type:
Cardiovascular Training Equipment
Strength Training Equipment
Others
By Region:
Da Nang
Hanoi
Ho Chi Minh City
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
Vietnam Fitness Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Body Solid, Hoist Fitness Systems, Johnson Health Tech, Life Fitness, Matrix Fitness, Reebok Fitness, Technogym.
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