DUBLIN, July 13th 2021 – (BUSINESS WIRE)–The “Physical Fitness Equipment – Global Market Development and Analysis” Report was added to ResearchAndMarkets.com to offer.

The global fitness equipment market is expected to reach $ 19.4 billion by 2027

In the midst of the COVID-19 crisis, the global fitness equipment market, which is estimated at $ 13.5 billion in 2020, will reach a revised size of $ 19.4 billion by 2027 and with a CAGR in the analysis period of 2020 grow by 5.3% -2027.

Cardiovascular exercise, one of the segments analyzed in the report, is expected to have a CAGR of 5.7% and reach $ 11 billion by the end of the analysis period. After an early analysis of the business impact of the pandemic and the economic crisis it caused, growth in the strength training segment will be adjusted to a revised CAGR of 5% for the next 7-year period.

The US market is valued at $ 4.5 billion, while China is forecast to grow by 7.3% CAGR

The fitness equipment market in the US is estimated at $ 4.5 billion in 2020. China, the world’s second largest economy, is projected to reach a market size of $ 3.2 billion by 2027, a CAGR of 7.3% over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, which will grow 3.9% and 4.5% respectively over the 2020-2027 period. A growth of approx. 4.5% CAGR is forecast for Germany within Europe.

Other Device Types segment has 4.2% CAGR

In the global Other Equipment Types segment, the United States, Canada, Japan, China, and Europe will drive the CAGR estimated for that segment of 3.9%. These regional markets, with a total market size of $ 652.7 million in 2020, are projected to reach a projected size of $ 852 million by 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 Asia-Pacific market is projected to reach $ 2.5 billion by 2027, while Latin America is expected to grow 5.4% CAGR over the analysis period.

The story goes on

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

  • competition

  • 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

IV. COMPETITION

For more information on this report, see https://www.researchandmarkets.com/r/wbk482

View source version on businesswire.com: https://www.businesswire.com/news/home/20210713005654/en/

contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For EST office hours, call 1-917-300-0470
For US / CAN toll free call 1-800-526-8630
For GMT office hours, call + 353-1-416-8900. at