Personalization and Immersive Experience Gain Space as Boutique Fitness Clubs Crop up

Global Market for Physical Fitness Equipment

Dublin, March 06, 2023 (GLOBE NEWSWIRE) — The “Physical Fitness Equipment: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Physical Fitness Equipment estimated at US$14.8 Billion in the year 2022, is projected to reach a revised size of US$23.2 Billion by 2030, growing at a CAGR of 5.8{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} over the analysis period 2022-2030.

Cardiovascular Training, one of the segments analyzed in the report, is projected to record a 6.3{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} CAGR and reach US$13.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Strength Training segment is readjusted to a revised 5.3{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 7.7{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} CAGR

The Physical Fitness Equipment market in the U.S. is estimated at US$4.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 7.7{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} and 4.9{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e} CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2030.

Select Competitors (Total 97 Featured) –

• Amer Sports Corporation

• Precor Incorporated

• BFT Fitness Co., Ltd.

• Body-Solid, Inc.

• Cybex International, Inc.

• Life Fitness, Inc.

• Dyaco International Inc.

• Heart Rate Inc.

• ICON Health & Fitness, Inc.

• Johnson Health Tech Co., Ltd.

• Nautilus, Inc.

• Reebok International Ltd.

• SportsArt Fitness, Inc.

• Star Trac Health & Fitness, Inc.

• Technogym S.p.A.

• Total Gym Global Corp.

• TRUE Fitness Technology, Inc.

• Tunturi New Fitness B.V.

• YANRE Fitness Equipment Co., Ltd.

Story continues

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies – Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Report Metrics:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Impact on Fitness Sector

• Demand for Home Fitness Equipment Soars Amidst COVID-19 Pandemic

• Fitness Routine Changes of People as A Result of COVID-19

• Commercial Fitness Equipment Takes a Hit as Gyms Face Hardships

• UK Gym and Fitness Club Memberships in Million (2014: 2020E)

• Physical Fitness Equipment – Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Physical Fitness Equipment: A Prelude

• Types of Equipment

• Outlook

• Growth Drivers in a Nutshell

• Key Growth Impeding Factors

• Analysis by Segment

• Developing Countries: Focal Point for Current and Future Market Growth

• Competition

• Recent Market Activity

• World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Covid-19 Pandemic Boosts the Connected Fitness

• Advanced Equipment Offer Futuristic Workouts

• Technology Disrupts Fitness Regimen

• Personalization and Immersive Experience Gain Space as Boutique Fitness Clubs Crop up

• Technology to the Aid of Tread Mills

• Major Trends in the Health, Wellness and Fitness Industry Summarized

• Health and Fitness Clubs: A Major Market for Fitness Equipment

• Considerations while Selecting Commercial Physical Fitness Equipment

• Recovery in Gyms and Health Clubs to Improve Growth

• Number of Health and Fitness Clubs Worldwide (in Thousands): 2011: 2025

• Bodybuilders Remain the Core Customer Group for Commercial Equipment

• Home Fitness Equipment: An Expanding Market

• Key Trends Facilitating Transition to Home Workouts

• Focus on Preventative Healthcare to Fuel Demand for Home Fitness Equipment

• Rise in Adoption of Elliptical Trainers for Home Use

• Growing Prominence of Exercise Bikes as an Effective Fitness Solution for Cardiovascular Health Drive Demand

• Growing Overweight and Obese Population Benefit Market Prospects

• Classification of BMI

• Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025

• Average Per Capita Annual Health Expenditure (In US$) due to Obesity

• Rising Participation of Women in Sports and Fitness Due to Increasing Spending Power Boosts Sales

• Surging Interest in Home Gym Exercising among Women

• Big Sporting Events Underpin Sales Growth

• Muscle Strengthening Equipment Gain Popularity among Youth

• Cardio Equipment Outweigh Weights

• Elliptical Trainers: Offering Advantages over Treadmills

• Trends Towards Group Exercise Promotes Market Expansion

• Technology Integration in Fitness Equipment for the Visually Impaired Augurs Well for the Market

• Emerging Technologies, Advanced Software, and Personalized Solutions for Specialized Training Drive Demand from Military Sector

• Favorable Demographic and Other Macro Trends Strengthen Market Prospects

• Rising Need to Maintain Physical Activity among the Aging Population: A Weighty Growth Driver

• Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050

• Exponential Increase in Urban Population

• World Urban Population in Thousands: 1950-2050

• Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050

• Increasing Affluence of the Ballooning Middle Class Population

• Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035

• Global Middle Class Spending (in US$ Trillion) by Geographic Region

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/7vkdib

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