DUBLIN, July 13, 2021 / PRNewswire / – The “Physical Fitness Equipment – Global Market Development and Analysis” The report was added to the ResearchAndMarkets.com offering.

Reaching Global Physical Fitness Equipment Market $ 19.4 billion by 2027

In the midst of the COVID-19 crisis, the world market for fitness equipment is valued at $ 13.5 billion in 2020 is expected to reach a revised size of $ 19.4 billion by 2027 with a CAGR of 5.3% in the analysis period 2020-2027.

Cardiovascular exercise, one of the segments analyzed in the report, is expected to see and achieve a CAGR of 5.7% $ 11 billion until the end of the analysis period. After an early analysis of the business impact of the pandemic and its triggered economic crisis, growth in the strength training segment will be adjusted to a revised annual growth rate of 5% for the next 7-year period.

The US market is estimated at $ 4.5 billionWhile China is forecasting 7.3% CAGR growth

The fitness equipment market in the US is estimated at $ 4.5 billion in 2020. China, the second largest economy in the world, is expected to reach a market size of $ 3.2 billion by 2027 with a CAGR of 7.3% over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canadawho forecast growth of 3.9% and 4.5% respectively for the period 2020-2027. Inside Europe, Germany is forecast to grow around 4.5% CAGR.

Other Device Types segment has 4.2% CAGR

In the global Other Equipment Types segment USA, Canada, Japan, China and Europe will drive the estimated CAGR of 3.9% for this segment. These regional markets make a combined market size of $ 652.7 million in 2020 a forecast size of $ 852 million until the end of the analysis period.

China will be one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India, and South Korea, the market in Asia Pacific is expected to be achieved $ 2.5 billion until 2027 while Latin America will grow with a CAGR of 5.4% over the analysis period.

Key topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

  • Insights into the influencer market
  • World market trajectories
  • Effects of Covid-19 and an impending global recession
  • Effects on the fitness sector
  • Demand for home fitness equipment is increasing amid the COVID-19 pandemic
  • Changes in people’s fitness routine as a result of COVID-19
  • Commercial fitness equipment takes a hit when gyms face hardships
  • Fitness equipment: a prelude
  • Types of equipment
  • outlook
  • Growth drivers in brief
  • Important growth inhibiting factors
  • Analysis by segments
  • Developing countries: focus for current and future market growth
  • contest
  • Current market activity
  • World brands

2. FOCUS ON SELECTED PLAYERS (97 recommended in total)

  • Amer Sports Corporation
  • Precor Incorporated
  • BFT Fitness Co., Ltd.
  • Body-Solid, Inc.
  • Cybex International, Inc.
  • LifeFitness, Inc.
  • Dyaco International Inc.
  • Heart Rate Inc.
  • ICON Health & Fitness, Inc.
  • Johnson HealthTech Co., Ltd.
  • Nautilus, Inc.
  • Reebok International Ltd.
  • SportsArt Fitness, Inc.
  • Star Trac Health & Fitness, Inc.
  • Technogym SpA
  • Total Gym Global Corp.
  • TRUE Fitness Technology, Inc.
  • Tunturi New Fitness BV
  • YANRE Fitness Equipment Co., Ltd.

3. MARKET TRENDS & DRIVERS

  • Covid-19 pandemic increases networked fitness
  • Advanced machines offer futuristic workouts
  • Technology disrupts fitness program
  • Personalization and immersive experience gain space when boutique fitness clubs pop up
  • Technology to support treadmills
  • Key trends in the health, wellness and fitness industries summarized
  • Health and Fitness Clubs: An important market for fitness equipment
  • Considerations When Choosing Commercial Fitness Equipment
  • Recreation in gyms and gyms to increase growth
  • Body builders remain the core customer group for commercial vehicles
  • Home fitness equipment: a growing market
  • Key trends that will ease the transition to home training
  • Focus on preventive health care to drive demand for home fitness equipment
  • Increased adoption of home elliptical trainers
  • The growing importance of exercise bikes as an effective fitness solution for cardiovascular health is driving demand
  • Growing overweight and obese populations are benefiting from the market outlook
  • Increasing participation of women in sport and fitness due to increasing purchasing power increases sales
  • Growing interest in home fitness training among women
  • Major sporting events support sales growth
  • Muscle strengthening devices are gaining popularity among teenagers
  • Cardio machines outweigh weights
  • Elliptical trainer: advantages over treadmills
  • Group exercise trends encourage market expansion
  • Technology integration in fitness equipment for visually impaired augurs good for the market
  • New technologies, advanced software and personalized solutions for specialized training are driving demand in the military sector
  • Favorable demographic and other macro trends strengthen the market outlook
  • Growing need for physical activity in the aging population: a major growth driver
  • Exponential increase in urban population
  • The rising wealth of the ballooning middle class

4. PERSPECTIVE OF THE GLOBAL MARKET

III. MARKET ANALYSIS

  • UNITED STATES
  • Market overview
  • Proven concept of physical fitness to drive future growth
  • Fitness fashion trends in the US
  • Growth promoter for the fitness industry
  • Expand the consumer base to drive home momentum
  • Rising incidence of chronic diseases increases the need for physical activity and fitness equipment
  • Prevalence of hypertension in the US
  • Diabetes mellitus prevalence in the United States
  • Incidence of CVD increases in the United States
  • Rising healthcare spending is promoting the adoption of fitness equipment for self-sufficiency
  • Increase in the adoption of new technologies and devices
  • Networked devices are multiplying the market
  • Devices connected to smartphones are gaining traction
  • Age-dependent participation levels prefer fitness activities
  • Aging Population: An important user category for the fitness equipment market
  • Increasing population of obese and overweight people
  • The gym demographics remains lackluster due to the current crisis

NS. CONTEST

  • Total number of companies featured: 97

For more information on this report, see https://www.researchandmarkets.com/r/xwwi49

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