Fitness Equipment Market Size And Forecast
Fitness Equipment Market size was valued at USD 10.66 Billion in 2018 and is projected to reach USD 14.89 Billion by 2026, growing at a CAGR of 4.24 % from 2019 to 2026.
The growing obese population across the globe owing to unhealthy eating habits, changing lifestyle, boost the demand for a healthy and fit life, thereby tending to impose a positive impact on the growth of the Fitness Equipment Market. The Global Fitness Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Fitness Equipment Market Definition
The Fitness Equipment is the device used to perform physical activities to increase strength and stamina, manage weight, enhance the flexibility of an individual by providing resistance to a person, using a machine. It helps to improve the personality and appearance. The Fitness equipment includes treadmills, ellipticals, weight machines, free weight, and others. This equipment found its application in health clubs, gyms, home consumers, and corporate offices.
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Global Fitness Equipment Market Overview
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The growing obese population across the globe owing to unhealthy eating habits, changing lifestyle, boost the demand for a healthy and fit life, thereby tending to impose a positive impact on the growth of the Fitness Equipment Market. Moreover, government initiatives to spread awareness and conduct various activities regarding fitness contribute to growth. In addition, advancements in wearable technology such as the introduction of fitness bands, smartwatches, incorporation of smart devices in the workout machine add to propel the growth. The major factor responsible for restricting the growth of the market is the huge cost of fitness equipment.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Fitness Equipment Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Fitness Equipment Market: Segmentation Analysis
The Global Fitness Equipment Market is Segmented on the basis of Type, End-User, and Geography.
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Fitness Equipment Market, By Type
• Strength Training Equipment
• Cardiovascular Training Equipment
• Other Equipment
Based on Type, the market is segmented into Strength Training Equipment, Cardiovascular Training Equipment, and Other Equipment.
Fitness Equipment Market, By End-User
• Home Consumer
• Health Club
• Hospitals and Medical Center
• Other Commercial User
Based on End-User, the market is segmented into Home Consumer, Health Club, Hospitals and Medical Center, and Other Commercial User.
Fitness Equipment Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Fitness Equipment Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
Key Players
The “Global Fitness Equipment Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Brunswick Corporation, Technogym S.p.A., Amer Sports Corporation, Nautilus, Inc., TRUE Fitness Technology, Inc., Impulse (Qingdao) Health Tech Ltd. Co., ICON Health & Fitness, Inc., Johnson Health Tech Co., Ltd., Core Health & Fitness, LLC., Torque Fitness LLC.
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