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Fitness equipment market - Future growth

Fitness equipment market is expected to reach $14,201 Million by 2025 at a CAGR of 3.6%. It provides in-depth analysis with current trends & future estimations

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Fitness equipment market - Future growth

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  1. Fitness Equipment Market Expected To Garner $14,201 Million By 2025 | CAGR 3.6% Global Opportunity Analysis And Industry Forecasts, 2018 - 2025

  2. Fitness Equipment Market Overview: • Fitness Equipment Market is expected to garner $14,201 million by 2025. Asia-Pacific is expected to witness the fastest growth, owing to increasing demand from developing countries such as India and China. • Download Sample Report: • Fitness equipment are used for physical exercises for managing weight, improving physical stamina, and developing muscular strength. The most commonly used cardiovascular equipment are treadmills, elliptical, and stationary bikes. They stimulate the heart rate as well as help in burning excess body fat and maintaining the overall health and fitness. Strength training equipment are used to gain muscular strength and improve one’s appearance and personality. They comprise free weights and other strength machines. • Rise in awareness regarding health & fitness, increase in obese population, government initiatives for promoting good health, and surge in youth population drive the growth of the global fitness equipment market. However, high cost of fitness equipment is a key restraining factor for the market. Increase in youth population, improvement in lifestyle, and rise in disposable income of individuals in developing countries offer growth opportunities for the market players.

  3. Segment Review • The global fitness equipment market is segmented based on type, user, and region. Based on user, the market is segmented into home consumers, health clubs/gyms, and other commercial users. The user segment witnessed an upsurge in health clubs/gyms, owing to the growth in obesity rate and increase in health consciousness. In fact, the U.S. held the largest number of health clubs with the highest membership rates, followed by Brazil. This segment is also expected to grow at a notable growth rate due to the increase in health awareness and favorable demographics, primarily in developing economies. Home consumers are the second highest revenue contributors to the fitness equipment market by user. It has the highest penetration in U.S. and is expected to witness healthy growth rates in Europe. • Cardiovascular training equipment is expected to remain the market leader throughout the forecast period on account of its greater penetration in developed markets such as the U.S. and Europe. Developing regions, such as Asia-Pacific and LAMEA, are expected to witness higher growth rates over developed regions on account of increase in health consciousness, rise in disposable income, and surge in obesity levels.

  4. U.S.: The Largest Market For Fitness Equipment • The country exhibits the highest penetration of cardiovascular equipment across the world on account of high obesity rates and increased health consciousness. Moreover, there is an increase in the number of health clubs and memberships (number of members enrolled at these clubs). Research studies state that in 2015, approximately 26% of the total U.S. households with a household income of $100,000 or more spent under $1,000 on home fitness equipment. The adoption of cardiovascular equipment with advanced features is higher compared to the western European countries. Thus, increase in obesity rates and the rise in expenditure on home fitness equipment are expected to drive the fitness equipment market in the region.

  5. Increase In Disposable Income Across Emerging Countries There Has Been A Considerable Rise In The Per-capita Income In The Developing Countries, Leading To An Increase In Disposable Income. This Creates Opportunities For Investment In Personal Fitness, Which Is Expected To Have A Stronger Impact On The Market During The Forecast Period. Detailed Analysis For The Major Countries Across All Four Regions Is Provided In The Report. Countries Analyzed Under The North American Geographical Segment Include The U.S., Canada, And Mexico. Countries Covered Under Europe Include The UK, France, Germany, Italy, Spain, Portugal, Benelux, And Rest Of Europe. Countries Covered In The Asia-pacific Region Include Japan, Korea, China, India, Hong Kong, Indonesia, Vietnam, Australia, Malaysia, And Rest Of Asia-pacific. Japan And South Korea Are The Leading Fitness Equipment Markets In This Region. LAMEA Includes Brazil And Rest Of Latin America.

  6. Competitive Landscape The Key Players Profiled In The Report Are ICON Health & Fitness, Inc.; Brunswick Corporation, Johnson Health Tech Co. Ltd.; Technogym S.P.A., Amer Sports Corporation, Nautilus, Inc.; Core Health And Fitness LLC, TRUE Fitness Technology Inc.; Impulse (Qingdao) Health Tech Co. Ltd.; And Torque Fitness LLC. The Other Players In The Value Chain Include Exigo, Kettler (GB) Limited, Matrix Fitness, And Octane Fitness.

  7. Key Benefits For Fitness Equipment Market: • The study provides an in-depth analysis of the global fitness equipment market with current trends and future estimations to elucidate the imminent investment pockets. • The report provides a quantitative analysis from 2017 to 2025 to enable the stakeholders to capitalize on prevailing market opportunities. • The report provides actual historical figures for 2014 to 2017 and provides year on year forecasts for 2018 to 2025. • Extensive analysis by product type helps understand the various types of devices used for the treatment of neurological diseases and other related conditions. • Competitive intelligence highlights the business practices followed by leading players across various regions. • SWOT analysis studies the internal environment of the leading companies for strategy formulation.

  8. Fitness Equipment Key Market Segments:

  9. By Region Asia-Pacific Japan Korea China India Hong Kong Indonesia Vietnam Australia Malaysia Rest of Asia-Pacific LAMEA (Latin America, Middle East, and Africa) Brazil Rest of Latin America • North America • U.S. • Canada • Mexico • Europe • UK • France • Germany • Italy • Spain • Portugal • Benelux • Rest of Europe

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