Global Fitness Equipment market is expected to grow from $11.99 billion in 2016 to reach $17.48 billion by 2023 with a CAGR of 5.5%. Increasing health awareness among the youth, rising obese population and increasing market initiatives for promoting good health by government and companies are some of the key factors fuelling the market. In addition, technological advancements such as wearable technologies and connected devices are fuelling the fitness equipment market. However, high costs of fitness equipments are hampering the market growth.
By equipment type, cardiovascular training equipments are used to facilitate physical activity that the human body can use to promote good health, lose weight and even relieve stress. In addition use of these equipments give mental stress relief and minimizes the effects of depression. Treadmills, Stairclimbers, Exercise Bikes, Rowing Machines, Ellipticals and Circuit Weight Training are some of the cardiovascular training equipments. United States is the major contributor to the growth of these equipments owing to high obesity rates and increased health consciousness.
Geographically, Asia Pacific region is expected to witness huge growth due to rising aging population and increasing cardiovascular disorder among various age groups. Fast urbanization, growing disposable earnings, and increasing young people populace are the key propellants for the boom of the marketplace in apac countries as populace is actively getting worried in fitness activities.
Some of the key players in the fitness equipment market are
Johnson Health Tech Co. Ltd.
Amer Sports Corporation
Icon Health & Fitness, Inc.
Core Health and Fitness LLC
Torque Fitness LLC
Impulse (Qingdao) Health Tech Co. Ltd.
True Fitness Technology, Inc.
Kettler (GB) limited
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Distribution Channels Covered:
• Offline Stores
• Online Stores
End Users Covered:
• Health Club
• Other End Users
Equipment Types Covered:
• Strength Training Equipment
• Cardiovascular Training Equipment
• Other Equipment Types
Latest Update Related Domain (Equipment & Machinery Industry) –
Global demand for equipment and machinery is expected to witness an upward trend over the next couple of years. Rapid urbanization and industrial growth in countries like India and China continues to create new growth opportunities for the sector. Asia Pacific will remain a growth market in the mid-term if not beyond. The market is expected to climb at a strong rate in china, which will remain the major driver. The Chinese construction is unlikely to witness any major slowdown, as construction outlay remains sound, especially for urban infrastructure. India is also viewed as an emerging player an is likely to present attractive market opportunities in the coming years. India’ growth story remains an impressive one, attracting higher foreign direct investment. In Asia the overall scenario remains impressive.
In the U.S., productivity trends, and policy reforms are likely to drive the medium and long-terms growth. Construction expenditures likely to remain steady in 2019, reflecting moderate fluctuation in growth. However, increased focus on boosting domestic manufacturing may create new growth avenues. It is important to understand the disruptors influencing the sectors. Indeed, a high emphasis is being placed on technological developments and impact of new technologies that are being integrated in modern equipments and machineries.
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Fitness Equipment Market, By Distribution Channel
6 Global Fitness Equipment Market, By End User
7 Global Fitness Equipment Market, By Equipment Type
8 Global Fitness Equipment Market, By Geography
9 Key Developments
10 Company Profiling
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