NEW YORK, December 28, 2021 / PRNewswire / – The “Fitness Equipment Market by Product (Cardiovascular Training Equipment, Strength Training Equipment, and Other Equipment), End User (Individual Users and Health Clubs and Gyms) and Geography (North America, APAC, Europe, MEA and South America) – Forecast and analysis 2021-2025“has been added to Technavio’s offering. With ISO 9001: 2015 certification, Technavio is proud to partner with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the fitness equipment market between 2020 and 2025 is 7 USD0.71 billion, according to Technavio’s latest market analysis report. The report also identifies the report as witnessing an 18.52% CAGR deceleration during the forecast period. The factors which positively and negatively influence the market are also discussed in detail in the report.
To get the exact annual growth variance and the growth rate YOY, Talk to our analyst.
Key market dynamics:
- Market engine
- Market challenges
The increased demand for home fitness equipment and technological advancements in fitness equipment are some of the major drivers of the market. Consumers learn to use advanced home fitness equipment through videos and online apps without the need for trainers, saving costs. In addition, busy work schedules and increasing health problems have forced people to exercise daily to stay healthy and prevent health problems, thus increasing the demand for fitness equipment.
However, factors such as high cost of fitness equipment and availability of counterfeit products will challenge the growth of the market. Consumers find it more economical to join health clubs than to purchase home fitness equipment. Additionally, some people living in developing countries are more skeptical about spending on fitness clubs and gym memberships. In addition, the presence of several local brands offering counterfeit products in the global fitness equipment market leads to market fragmentation leading to issues like lack of price standardization, uneven competitive scenario and share erosion. Steps.
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The Fitness Equipment market report is segmented by Product (Cardiovascular Training Equipment, Strength Training Equipment, and Other Equipment), End User (Individual Users and Health Clubs and Gyms), and Geography (North America, APAC, Europe, MEA and South America). The growth of the fitness equipment market share by the cardiovascular training equipment segment will be significant during the forecast period. The cardiovascular equipment segment includes treadmills, ellipticals, stationary bikes and ski machines. Growing consumer health awareness is driving the growth of the segment.
North America will be the leading region with 38% of the market growth during the forecast period. The United States is a key market for fitness equipment in North America. The market growth in this region will be faster than the market growth in Europe. The increased prevalence of age-related health issues will facilitate the growth of the fitness equipment market by North America over the forecast period.
See our sample report for additional information on the contribution of all segments and regional opportunities
Some companies mentioned
- Core Health and Fitness LLC
- Dyaco International Inc.
- Health and Fitness Inc. icon
- Impulse (Qingdao) Health Tech Co. Ltd.
- Johnson Health Tech Inc.
- Life form
- Nautilus inc.
- Panatta Srl
- TECHNOGYM Spa
- Tunturi New Fitness BV
- To access more supplier profiles with their key offers available with Technavio, Click here
Associated reports:
Interactive Fitness Market by End User and Geography – Forecast and Analysis 2021-2025
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Scope of the fitness equipment market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth dynamics and CAGR |
Decelerate to a CAGR of 18.52% |
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Market growth 2021-2025 |
$ 7.71 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
48.57 |
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Regional analysis |
North America, APAC, Europe, MEA and South America |
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Efficient contribution to the market |
North America at 38% |
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Main consumer countries |
United States, China, Japan, United Kingdom and Germany |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
Core Health and Fitness LLC, Dyaco International Inc., Icon Health and Fitness Inc., Impulse (Qingdao) Health Tech Co. Ltd., Johnson Health Tech Inc., Life fitness, Nautilus Inc., Panatta Srl, TECHNOGYM Spa and Tunturi New Fitness BV |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period. |
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Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
Main topics covered:
- Summary
- Market landscape
- Market sizing
- Five forces analysis
- Market segmentation by product
- Customer landscape
- Geographic landscape
- Supplier landscape
- Supplier analysis
- appendix
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