Fitness Equipment Market 2022 | Industry Demand, Fastest Growth, Opportunities Analysis and Forecast To 2028
The Fitness Equipment market report covers all the important information associated with the market such as target market size, share, current trends, challenges, restraints, competition analysis, and market potential during the forecast period of 2021 to 2028. The report gives an overall market view that helps to understand the environment of the business and allow to discern the threats and opportunities associated with area of industry.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fitness equipment market include TECHNOGYM S.p.A, Core Health & Fitness, LLC, Seca GmbH, Brunswick Corporation, ICON Health & Fitness, Nautilus, Inc., Omron Healthcare, Inc., Cybex International, Inc., HAMMER FITNESS, and Precor Incorporated. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market
Dynamics
The fitness equipment market has bright
prospects, although it is facing a temporary downfall at the moment. The
fitness equipment market is primarily driven by increasing obesity and other
lifestyle diseases, sedentary lifestyle, and rising health awareness among
individuals. Over the past several years, the need to lead a healthy lifestyle
has resulted in an increasing number of gyms across the globe coupled with
growing demand for fitness equipment. A surge in the number of gym
subscriptions to remain in perfect shape has increased the demand for fitness
equipment, creating a positive impact on its market. The fitness equipment
market is growing, with individuals facing time constraints and the
inconvenience of visiting a gym. Furthermore, factors like government
initiatives to promote health awareness and online availability of fitness
equipment will fuel market growth. However, the temporary closure of gyms due
to the Covid-19 pandemic, home quarantines, and the need to maintain social
distancing to prevent the spread of the disease hinders the growth of the
fitness equipment market to some extent. In addition, growing preference
towards yoga restricts fitness equipment market growth.
The research report covers Porter’s Five
Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These
tools help to get a clear picture of the industry’s structure and evaluate the
competition attractiveness at a global level. Additionally, these tools also
give an inclusive assessment of each segment in the global market of fitness
equipment. The growth and trends of fitness equipment industry provide a
holistic approach to this study.
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Global Fitness Equipment Market
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Market
Segmentation
This section of the fitness equipment
market report provides detailed data on the segments at country and regional
level, thereby assisting the strategist in identifying the target demographics
for the respective product or services with the upcoming opportunities.
By
Application
· Cardiovascular Training Equipment
· Weight Training Equipment
· Others
By
End Use
· Homes
· Health Clubs
· Others
Regional
Analysis
This section covers the regional outlook,
which accentuates current and future demand for the Fitness Equipment market
across North America, Europe, Asia-Pacific, Latin America, and Middle East
& Africa. Further, the report focuses on demand, estimation, and forecast
for individual application segments across all the prominent regions.
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