China Fitness Equipment Market Research Report, 2027

China Fitness Equipment Market Research Report, 2027

Actual Market Research 27-07-2022 65 Pages Figures : 9 Tables : 24 Region : Asia-Pacific Country : China Category : Consumer Goods & Services Appliances & Equipment

The Chinese fitness equipment market has expanded fast in recent years, owing to expanding health and fitness consciousness, rising disposable income, and government measures to promote sports and physical exercise. Treadmills are the most often used piece of workout equipment in China, followed by exercise bikes, elliptical trainers, and rowing machines. there is an increasing need for creative and high-quality fitness equipment, with consumers seeking devices with enhanced features and usefulness. In recent years, the Chinese government has made significant investments in the development of sports infrastructure, with a special emphasis on the construction of stadiums and sports complexes. As more individuals are encouraged to participate in sports and physical exercise, this is projected to stimulate demand for fitness equipment in the country. Domestic and foreign brands are well-represented in the Chinese fitness equipment market in terms of market players. Brands such as Johnson Health Tech, Dyaco, and Technogym are major players, as are local manufacturers such as Icon Health & Fitness and BH Fitness. The Chinese fitness equipment market is estimated to reach $6.3 billion by 2025, driven by rising demand for health and fitness items among the country's burgeoning middle class. Treadmills are the most popular piece of fitness equipment in China, accounting for more than 40% of the market. The COVID-19 pandemic has resulted in a boom in demand for home exercise equipment in China, with sales soaring by more than 200% year on year in the first quarter of 2020. Smart fitness equipment, which can collect workout data and connect to smartphone apps for personalized training programs, is becoming increasingly popular in China. According to the research report "China fitness equipment Market Outlook, 2027," published by Actual Market Research, the forecast of the fitness equipment market in Russia can grow by USD 727 Million by 2027. With the country's rapid economic growth, more Chinese consumers have higher disposable incomes, enabling them to afford fitness equipment and gym memberships. The Chinese government has been promoting fitness and healthy lifestyles as part of its national agenda, with initiatives such as the "National Fitness Program" and the promotion of sports and fitness events. This has helped to raise awareness about the benefits of fitness and has contributed to the growth of the fitness equipment market. As a manufacturer and consumer, China is a prominent role in the worldwide fitness and equipment market. China is one of the world's biggest manufacturers of fitness equipment. Many well-known fitness brands, like Horizon Fitness, Sole Fitness, and ProForm, have their goods manufactured in China. Furthermore, China is home to many domestic brands that manufacture a wide range of exercise equipment, such as Realleader Exercise, X-Trend, and Hi-Power. China's increasing middle class is fuelling demand for exercise equipment and services as a consumer. As a result, several fitness clubs and gyms have sprouted up around the country, particularly in urban areas. Furthermore, the government has been pushing fitness and healthy lives. The growth of smart fitness equipment is an intriguing development in China's fitness equipment business. Chinese manufacturers have led the way in designing revolutionary fitness equipment that uses cutting-edge technology to deliver a more personalized and interactive training experience. Realleader Fitness, a Chinese fitness equipment manufacturer, has developed a range of smart fitness equipment that incorporates artificial intelligence (AI) technology to give users customized training programs. The equipment includes facial recognition, which can automatically alter the machine's settings to meet the user's tastes and fitness level. Keep, another Chinese business, has created a popular fitness software that creates a personalized training program for each user based on data such as heart rate, sleep patterns, and activity history. In china, the primary challenges of the Chinese fitness equipment market. like, Tough competition, Products that are counterfeit, Problems with quality control, Market penetration is low, and Regulatory stumbling blocks. These difficulties are typical in many businesses in China, including the fitness equipment market. While the industry has been quickly expanding in recent years, producers must be aware of these problems and take action to solve them in order to preserve competitiveness and long-term success. Except for garments and shoes, China produces up to 60% of the world's fitness equipment. Many corporations have sourced from the country due to lower labor and production expenses. There are around 80 fitness equipment firms and 500 sporting goods-related factories in Xiamen alone. Resistance training equipment has a lot of promise in the Chinese market. Sportswear and athleisure are growing in popularity among Chinese consumers. Due to the epidemic, China experienced tremendous development in the personal fitness equipment segment. Chinese consumers' growing health consciousness and disposable wealth are fuelling demand for fitness equipment and club subscriptions. As more people relocate to cities, there is a larger demand for fitness facilities and equipment, as many city dwellers have restricted access to outdoor exercise locations. Technological improvements have made it easier for people to monitor and track their fitness goals, thanks to the introduction of smart fitness equipment, wearable fitness gadgets, and fitness-related smartphone applications. This has made fitness more accessible and appealing to a broader spectrum of customers. These are the major challenges faced by China in terms of the fitness equipment market. The Chinese fitness equipment market is a dynamic and fast-rising business that offers both possibilities and difficulties to manufacturers. With Chinese consumers' increased health consciousness and disposable cash, there is a growing demand for fitness equipment and gym memberships. The market is highly competitive, with both domestic and international competitors contending for market dominance, but opportunities exist for manufacturers who can innovate, distinguish, and handle market issues. Counterfeiting, quality control concerns, low market penetration, and regulatory impediments are among the challenges. Despite these obstacles, the Chinese fitness equipment market is expected to expand further, owing to factors such as urbanization, technological improvements, e-commerce, and government initiatives. Manufacturers who can manage the market's intricacies while maintaining high-quality standards and offering innovative and differentiated products will be well-positioned to capitalize on the prospects in this fast-paced business. Considered in this report • Geography: China • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • China Fitness Equipments market with its value and forecast along with its segments • Country-wise Fitness Equipmennts market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Cardiovascular • Strength By Cardiovascular Equipments • Cross-country ski machine • Elliptical trainers • Rowing machines • Stair-steppers • Stationary bicycle • Treadmill • Others By Strength Equipments • Hydralulic equipments • Weight plates • Dumbbells • Resistance band & tubes • Others By End Users • 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 and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers 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 Hair Care 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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