Fitness Equipment Market - by Equipment Type (Cardio-Respiratory Equipment, Muscular Equipment, Flexibility Equipment, Body Fatness Equipment, and Others) and by End User (Hospital, Gym Centers/Health Clubs, Homecare, and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Global Fitness Equipment market, which was estimated at 11.56 (USD Billion) in 2019 and is predicted to accrue earnings worth 15.21(USD Billion) by 2026, is set to record a CAGR of nearly 4% over 2020-2026.

20-Dec-2016 | Number of pages: 110 | Report Code: ZMR-578 | Report Format : | Status : Published

Abstract

The global Fitness Equipment market, which was estimated at 11.56 (USD Billion) in 2019 and is predicted to accrue earnings worth 15.21(USD Billion) by 2026, is set to record a CAGR of nearly 4% over 2020-2026. The report offers valuation and analysis of Fitness Equipment market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Fitness device is required for focusing on physical activities to effectively handle total weight, enhance physical stamina, and improve muscular strength. Furthermore, need for fitness equipment has surged exponentially with rise in the health consciousness. Apart from this, physical activities are recommended in some of the specific kinds of medical therapies. The most prominently utilized fitness devices include bicycle, weight training devices, weight lifting device, treadmills, and strength building instruments.

Market Growth Dynamics

A prominent inflation in the number of gym memberships along with introduction of new health guidelines by the government promoting healthy living will boost the market trends. Apart from this, increase in inactive lifestyles is projected to create lucrative growth avenues for the fitness equipment industry over the estimated timeframe. Additionally, growing incidences of heart ailments will be a key factor for the growth of fitness equipment industry over the forecasting timeline. Awareness about lifestyle-related disorders will encourage adults as well as baby boomers to focus on physical workouts, thereby forming a strong base for market expansion in the foreseeable future.

Moreover, rise in the number of fitness centers will increase the product penetration globally. With healthcare service providers guiding people on healthy living, it is more likely that the market will gain traction within the next couple of years. With obesity being the growing health concern across the globe, it will also prompt market demand over the forecast timeline. Giant firms in IT as well as research & development sectors have set up their own gyms as well as fitness units, thereby assisting their employees to remain physically as well as mentally fit & active. This will further boost the business growth in the forthcoming years. 

Latin American Market To Establish Dominant Position Over 2020-2026

The expansion of the industry in the sub-continent over the estimated timeline is owing to a rapid surge in the health clubs and gymnasiums in the Latin American countries. Countries like Brazil and Argentina are predicted to be the major regional revenue pockets over the forthcoming years.

Key participants profiled in the report include Brunswick Corporation, Precor incorporated, Johnson Health Tech Co. Ltd., Amer Sports, Technogym, Nautilus Strength, Icon Health & Fitness, and Cybex International Inc.

The global fitness equipment market is segmented as follows:

By Equipment

  • Cardio-respiratory Equipment
  • Muscular Equipment
  • Flexibility Equipment
  • Body fatness Equipment
  • Other

By End User 

  • Hospital
  • Gym centers/ Health club
  • Homecare
  • Others

By Region

Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

A prominent inflation in the number of gym memberships along with introduction of new health guidelines by the government promoting healthy living will boost the market trends. Apart from this, increase in inactive lifestyles is projected to create lucrative growth avenues for the fitness equipment industry over the estimated timeframe. Additionally, growing incidences of heart ailments will be a key factor for the growth of fitness equipment industry over the forecasting timeline. Awareness about lifestyle-related disorders will encourage adults as well as baby boomers to focus on physical workouts, thereby forming a strong base for market expansion in the foreseeable future. Moreover, rise in the number of fitness centers will increase the product penetration globally. With healthcare service providers guiding people on healthy living, it is more likely that the market will gain traction within the next couple of years.

According to Zion market research report, the global Fitness Equipment market, which was estimated at 11.56 (USD Billion) in 2019 and is predicted to accrue earnings worth 15.21(USD Billion) by 2026, is set to record a CAGR of nearly 4% over 2020-2026.

Latin America is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2020-2026 can be credited to a rapid surge in the health clubs and gymnasiums in the Latin American countries. Countries like Brazil and Argentina are predicted to be the major regional revenue pockets over the forthcoming years.  


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