Global Fitness Equipment (Cardiovascular & Strength) Market Research Report, 2027

Global Fitness Equipment (Cardiovascular & Strength) Market Research Report, 2027

Actual Market Research 25-07-2022 236 Pages Figures : 110 Tables : 68 Region : Global Category : Consumer Goods & Services Appliances & Equipment

1. Life Fitness

2. True Fitness INC

3. Tuffstuff Fitness International INC

4. Iron Grip Barbell Company

5. Hoist Fitness Systems


The global fitness equipment market is evolving at a decent pace in the recent years as the people are becoming enthusiastic toward fitness. The fitness industry has substantially grown in terms of model of gyms along with a holistic concept of fitness by offering dedicated fitness equipment to an individual. The top factors influencing the market growth include global rise in obese population, surge in disposable income in developing countries, and increase in young population across developing regions. In addition to that, self-care is becoming a vital part of people’s health amid COVID-19, including mental, physical, and emotional health. The pandemic has triggered health awareness among the public to boost their immune system and physical fitness. The report titled “Global Fitness Equipment Market Research Report, 2027”, by Actual Market Research provides a detailed analysis of fitness historical and forecasted performance of fitness equipment globally. Global fitness equipment market was valued at around USD 12 Billion. Further, the market is anticipated to expand with nearly 5% of CAGR during the forecast period. The fitness industry has been at a booming stage, so is the growth in the fitness equipment industry. Growing attraction towards fitness habits has allowed peoples to carry out fitness routine flexibly at home or by going to gyms. With the market getting dynamic day by day, the fitness equipment manufacturing companies are enhancing their operations with a range of innovative fitness equipment lines to attract consumers. The population across the globe is now aware of various diseases caused by a sedentary lifestyle. Key players operating in the global fitness equipment market are coming up with new outlets and chains of fitness clubs and spas. This is likely to positively impact membership subscriptions, which will ultimately boost the growth of the fitness equipment market over the projected period. The range of fitness equipment is majorly bifurcated into two main segments of cardiovascular fitness equipment & strength fitness equipment. Extending the facilities towards home fitness equipment and the increased usability towards specialized training forms such as CrossFit, free weights, resistance training has been posed a major driver to the growth. Globally health and fitness clubs are considered to be the major contributor to fitness equipment revenue generation. Also, the number of club counts is found to be in the highest in regions like North America & Europe. Along with this, both the region also has the highest concentration of fitness equipment companies and has been generating a major portion of the revenue from the overall market. Some of the major fitness equipment manufacturing companies present in these regions are Icon health & fitness INC, Life fitness, Johnson Health Tech co ltd., Nautilus inc, etc. Apart from this, the fastest growth observed from the overall market was from the Asia-Pacific region, which is just after North-America & Europe. Consumers in emerging markets such as India and China are shaping long terms goals, including a healthy lifestyle. This trend has fueled gym membership in countries like the Philippines, China, Japan, and India. For instance, during the novel Covid-19 pandemic, the Indian Express surveyed more than 11500 participants across India; around 58% of respondents said they were comfortable working out in an open space. The survey concluded that the people were interested in virtual classes, yoga, dance fitness, aerobics, cross-country running, and strength training. These trends are expected to fuel the demand for the fitness equipment market over the forecast period. From the overall market, revenue from cardiovascular equipment was found to be dominating as over the years its usability has expanded to the home segment from just being traditional gym equipment. Introduction of the equipment like elliptical trainers, rowing machines, stair steppers has generated wide options in place of traditional stationary bikes and treadmills. On the other hand, resistance training, free weight training, cross-fit training, and others have evolved the way of strength training. Also, the flexible and non-weighted equipment like hydraulic equipment and resistance band has enhanced consumer’s workout experience. Covid-19 Impacts: The COVID-19 pandemic has wreaked havoc across the world. GDP growth worldwide was already not great, and this outbreak has further worsened the situation. Restrictions on trade, export, and manufacturing activities have led to supply chain disruptions. Besides, with the shutting down of non-essential facilities across the world to contain the virus spread, gymnasiums and health clubs have been badly affected, leading to sluggish growth of the fitness equipment market. As lockdowns slowly ease across the world, market growth is expected to pick pace. Also, change in consumer preference and increasing awareness about the health benefits during the pandemic, the overall market growth is anticipated to witness prominent rise by the upcoming timeframe. Major Companies in the report Icon Health & Fitness Inc, Life Fitness, Johnson Health Tech Co. Ltd, Nautilus INC, True Fitness INC, Technogym S.P.A, Amer Sports Corporation, Torque Fitness LLC, Hoist Fitness Systems, Core Health & Fitness LLC, Precor Incorporated, Tuntari New Fitness B.V, Exigo, Body Solid Europe, Iron Grip Barbell Company, Tuffstuff Fitness International INC, Impulse (QingDao) Health Tech CO., LTD, Shuhua Sports Co Ltd, Rough Fitness, SportsArt Fitness, Inc., STINGRAY INT’L LTD, BFT Fitness, Acme Fitness, VIVA FITNESS, Dubai Sports LLC Considered in the report • Geography: Global • Base year: 2021 • Historical year: 2016 • Estimated year: 2022 • Forecasted year: 2027 Aspects covered in the report • Global fitness equipment market overview • North-America fitness equipment market overview • Europe fitness equipment market overview • Asia-Pacific fitness equipment market overview • Latin-America fitness equipment market overview • Middle-East & Africa fitness equipment market overview • Global cardiovascular fitness equipment market overview • Global strength fitness equipment market overview • Policy & regulations • Porters five force model • Company profile of top players • Strategic recommendation Segments covered in the market By Region • North America (USA, Canada, Mexico) • Europe (UK, Germany, France, Italy, Spain) • Asia Pacific (China, Japan, India, Australia) • Latin America (Brazil, Argentina, Chile) • Middle-East & Africa (Egypt, Saudi Arabia, South Africa, UAE) By Type • Cardiovascular • Strength By Cardiovascular fitness equipment • Treadmill • Stationary bike • Elliptical trainer • Rowing machine • Cross Country ski • Stair stepper By Strength fitness equipment • Dumbbells • Weight plates • Hydraulic equipment • Resistance band & tubes By End-User • Commercial • Residential The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the fitness equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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