Fitness Equipment Market Size to grow by USD 7.71 billion| Increased Demand for Home Fitness Equipment to Boost Market Growth | 17,000+ Technavio Research Reports | State

NEW YORK, Dec. 28, 2021 /PRNewswire/ — The “Fitness Equipment Market by Product (cardiovascular training equipment, strength training equipment, and other equipment), End-user (individual users and health clubs and gyms), and Geography (North America, APAC, Europe, MEA, and South America) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the fitness equipment market between 2020 and 2025 is USD 7.71 billion, as per the latest market analysis report from Technavio. The report also identifies the report to witness a decelerating CAGR of 18.52% during the forecast period. Factors influencing the market positively and adversely are also discussed comprehensively in the report.

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

• Market Driver
• Market Challenges

The increased demand for home fitness equipment and technological advancements in fitness equipment are some of the key market drivers. Consumers are learning to use advanced home fitness equipment via online videos and apps without the need to engage trainers, thus saving on costs. Furthermore, hectic work schedules and an increase in health issues have compelled people to undertake some form of exercise daily to remain healthy and prevent health-related issues, thus increasing the demand for fitness equipment.

However, factors such as high cost of fitness equipment and the availability of counterfeit products will challenge market growth. Consumers find joining health clubs more economical than buying home fitness equipment. Also, some people living in developing countries are more skeptical about spending on health clubs and gym memberships. Furthermore, the presence of several local brands offering counterfeit products in the global fitness equipment market is leading to market fragmentation, thus resulting in issues such as the lack of price standardization, an uneven competitive scenario, and market share erosion. 

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The fitness equipment market report is segmented by Product (cardiovascular training equipment, strength training equipment, and other equipment), End-user (individual users and health clubs and gyms), and Geography (North America, APAC, Europe, MEA, and South America). The fitness equipment market share growth by the cardiovascular training equipment segment will be significant during the forecast period. The cardiovascular training equipment segment includes treadmills, cross-trainers, stationary bikes, and ski machines. Increasing health awareness among consumers is driving the segment’s growth.

North America will be the leading region with 38% of the market’s growth during the forecast period. The US is a key market for fitness equipment in North America. Market growth in this region will be faster than the growth of the market in Europe. The increased prevalence of age-related health conditions will facilitate the fitness equipment market growth in North America over the forecast period. 

View our sample report for additional insights into the contribution of all the segments and regional opportunities

Some Companies Mentioned

• Core Health and Fitness LLC
• Dyaco International Inc.
• Icon Health and Fitness Inc.
• Impulse (Qingdao) Health Tech Co. Ltd.
• Johnson Health Tech Inc.
• Life fitness
• Nautilus Inc.
• Panatta Srl
• TECHNOGYM Spa
• Tunturi New Fitness BV
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:

Interactive Fitness Market by End-user and Geography – Forecast and Analysis 2021-2025

Home Fitness Equipment Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025

Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Product
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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