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

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Global Market for Physical Fitness Equipment

Global Market for Physical Fitness Equipment

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.

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:

Report Attribute

Details

No. of Pages

393

Forecast Period

2022 – 2030

Estimated Market Value (USD) in 2022

$14.8 Billion

Forecasted Market Value (USD) by 2030

$23.2 Billion

Compound Annual Growth Rate

5.8{fc1509ea675b3874d16a3203a98b9a1bd8da61315181db431b4a7ea1394b614e}

Regions Covered

Global

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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