Global Fitness Equipment Markets estimated to reach $14.2 billion by 2025. The Asia-Pacific region is expected to witness the fastest growth, owing to increasing demand from developing countries such as India and China.
Portland, OR -- (SBWIRE) -- 07/10/2017 -- According to a latest report published by Progressive Markets, titled, "Global Fitness Equipment Market- Opportunity Analysis and Industry Forecast, 2016 - 2025", the industry is anticipated to gather revenue of worth $14.2 billion by 2025. It outlines market dynamics of the industry that would enable new entrants to have a comprehensive understanding of behavior of consumers.
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The research introduces the global fitness equipment market in terms of scope. It segments the industry into type, end- user, and geography. Based on product type, it splits the market into strength training equipment and cardiovascular training equipment. It further divides cardiovascular training equipment into treadmills, stationary bike, elliptical, and rowing machine. According to the study, the industry finds its application in home consumer, hotels, health clubs/gyms, corporate offices, public institutions, and hospitals & medical centers. On the basis of geography, it segments the market into North America, Asia-Pacific, Europe, and Latin America Middle East & Africa (LAMEA).
The report analyzes dynamics of the global fitness equipment market that are capable to influence the industry. It assesses factors that cater growth path of the market, such as rise in health awareness. Further, it evaluates many drivers of the industry which include growth in gyms & fitness clubs and rise in obese population. Alternative factor that propels growth of the market is initiatives in the industry to promote fitness. It also discusses aspects that restrict progress of the market, such as high cost of equipment for fitness. Moreover, the analyst explore opportunities that prevail in the market, such as rise in young population across the globe and increase in disposable income in the developing countries.
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The study discusses market players in value chain of the global fitness equipment market which include Icon Health & Fitness, Inc., Johnson Health Tech Co. Ltd., Brunswick Corporation, Technogym S.p.A, Nautilus, Inc., Amer Sports Corporation, Core Health and Fitness LLC, Impulse (Qingdao) Health Tech Co. Ltd., True Fitness Technology, Inc., Torque Fitness LLC, Kettler (GB) limited, Exigo, Octane Fitness, and Matrix Fitness. In addition, it also explore big market players of the industry, such as ICON Health & Fitness, Inc.; Torque Fitness LLC, Johnson Health Tech Co. Ltd.; Brunswick Corporation, Technogym S.p.A., Nautilus, Inc.; Amer Sports Corporation, Core Health and Fitness LLC, Impulse (Qingdao) Health Tech Co. Ltd.; and TRUE Fitness Technology Inc.
The report offers a comprehensive analysis of the global fitness equipment market by closely following positions of key products and monitors big market players within the industry framework. It includes findings of the industry, such as Asia-Pacific region is anticipated to observe the fastest progress. This is owing to the fact that this region would witness growth in demands from emerging economies. These include China and India. As per the study, the U.S. hold the largest number of health clubs along with the highest membership rates. This trend is followed by Brazil. Further, it reveals that the second highest contributors in revenue are the domestic consumers. The segment has the highest penetration in the U.S. and is expected to witness healthy growth rates in Europe.
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