Global Gym Equipment Market 2019-2024
The gym equipment market is expected to witness the fastest growth. There will be increasing demand from developing countries like China and India. Gym equipment is used for physical exercise for improving physical stamina, managing weight as well as developing muscular strength. The commonly used cardiovascular equipment are elliptical, stationary bikes as well as treadmills.
They stimulate the heart rate and help in burning excess body fat as well as maintaining the overall fitness as well as fitness. Strength training equipment is used for gaining muscular strength as well as to improve one’s appearance as well as personality. They comprise free weights and strength machines.
There is a rise in awareness related to fitness and health that drives the growth of the global gym equipment market among the youth population. There is an increase in the obese population, so government initiatives are undertaken for the promotion of good health. The high cost of fitness equipment is a critical restraining factor for the market. An increase in the population of youth, improvement in their lifestyle, and income of an individual in developing countries will provide growth opportunities to the players in the market.
The report also covers the study of the global fitness equipment market based on the user, type, and region. Based on its kind, it is categorized into cardiovascular training equipment, strength training equipment as well as other equipment. Based on its user, it is categorized into health clubs or gym, home consumer as well as other commercial users.
The other commercial user segment is then categorized into corporate offices, hotels, medical centers, hospitals, and public institutions. On region based, the market in different areas such as Europe, Asia-pacific, Latin Middle East, as well as the Latin America and Africa is analysed.
The global gym equipments market is expected to boost at a CAGR of 4.2% over the forecast period i.e. 2016-2024. The global gym equipment market is accounted for USD 8.7 billion in 2015 and anticipated to reach USD 12.1 billion by 2024.
Top Key Players:
Impulse Health Tech Co Ltd
ICON Health & Fitness
Hoist Fitness Systems.
Paramount Health Group
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On the basis of user, region, and type the global gym equipment market of fitness is categorized. Based on the user, the market segmentation is classified into gyms, clubs, home consumers, and commercial users. The user segment witnessed an increase in health gym due to the growing obesity rate as well as consciousness in health.
The U.S held a large number of health gyms with the highest rates followed by Brazil. The segment will grow due to awareness and demographics. Home consumers are the second revenue contributors to the fitness equipment market by the user. It has the highest penetration in the United States and is expected to have healthy growth in Europe.
Cardiovascular training equipment will remain the market as a leader throughout the period in the developed countries such as the United States as well as Europe. Developing countries such as Asia-Pacific and Latin America are going to experience the highest growth rate.
The study shows an in-depth analysis of the global gym equipment market trends and investment analysis. It also enables the stakeholder to capitalize on market opportunities. The report demonstrates the business practices followed by market players in different regions. SWOT analysis of the internal environment that leads to the formulation of company strategy is also discussed in the report.
Table of Contents:
1. Executive Summary
2. Research Methodology
3. Regional Opportunity Analysis on the basis of Competitors
4. Global Gym Equipments Market Size (USD Billion) and Forecast Analysis, 2016-2024
5. Market Dynamics: Growth Drivers, Restraints and Opportunities
6. Global Gym Equipments Market Segmentation
7. Competitive Outlook
8. Porter’s Five Force Model
9. Market Landscape: Competition and Beyond
10. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
11. Expert Analysis
12. Concluding Remarks
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