GLOBAL FITNESS EQUIPMENT MARKET IS EXPECTED TO GROW WITH A CAGR OF ABOVE 7% BY THE YEAR 2025: BONAFIDE RESEARCH
December 14, 2020 at 01:12 AM EST
The fitness industry has witnessed a great transformation in the last decade. Historically fitness equipment was only limited to weight training and cardio exercises available only to health clubs and gyms. By the passing time number of changes have been observed in the fitness habit of consumers at a global stage. This change in fitness habits has led to the creation of a wide range of fitness equipment. The innovative products in the fitness market are being introduced by every existing major players as well as the upcoming players in the market. Some of the major fitness equipment manufacturing companies present are Icon health & fitness INC, Life fitness, Johnson Health Tech co ltd., Nautilus inc, etc. Currently, the market has not only been limited to the health clubs and gyms but also expanded its reach to the corporate institutions, and hotels. The major potential audience is from the residential segment. In these passing years it is observed that residential audiences have been highly attracted to fitness equipment. This is due to the preference towards setting up your own gym at home or to continue daily fitness routine without paying expensive gym fees.
According to the report “Global Fitness Equipment Market, Outlook, 2025” published by Bonafide Research, North-America and Europe are the two dominating regions in the fitness equipment market which together have generated more than 60% of the overall revenue. Both of these regions are also considered as the hub of major fitness equipment manufacturing companies. Health and fitness clubs are considered to be the major contributor to the global fitness equipment revenue generation. The presence of these health & fitness clubs is majorly from regions like North America, Europe, and the Asia-Pacific region. On comparison of the overall market, revenue growth from the Asia-Pacific region was found to be the fastest as it has shown the revenue growth of above 7% CAGR till the year 2019.
To avail the sample report for free: https://www.bonafideresearch.com/samplereport/200919941
With increasing health awareness, advancement in technology and fitness getting into lifestyle of people the global fitness market is experiencing a spike in sales. There are instances, where due to hectic schedules and busy work life, many people are unable to make it to the gym every day. Virtual reality (VR) is a transforming technology that is making its way into the fitness industry. VR is not only attracting the people for the daily exercise but also helps to fight the boredom associated with it. Working out in front of the television with loud music on till now was considered to be the best workout. Now people can exercise in an entirely different world, because the technology have changed the barriers of geography. The VR and augmented reality is the future of the fitness industry. Gyms and health clubs based in developed countries are already implementing these technologies to make exercise fun and attractive for people. They are making a great sum of money from this as well.
We provide 10% free customization with this report, we have considered the covid-19 effect for the year 2020 and in the forecast period.
Major Companies Present in the market
The key players of the Global Fitness Equipment market are Icon Health & Fitness Inc, Johnson Health Tech Co. Ltd, Technogym S.P.A, Amer Sports Corporation, Nautilus INC, Core Health & Fitness LLC, Precor Incorporated, Cybex International INC, Life Fitness, True Fitness INC, Tuffstuff Fitness International INC, Iron Grip Barbell Company, Hoist Fitness Systems, Torque Fitness, Tunturi New Fitness B.V, Exigo, Body Solid Europe, Impulse Fitness, Shuhua Sports Co Ltd, Rough Fitness, Sports Art Fitness, Stingray International LTD, BFT Fitness, Acme Fitness, Vivo Fitness, Dubai Sports LLC.
Considered in this report
Countries Covered in the report: USA, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, Australia, Brazil, Argentina, Colombia, UAE, Saudi Arabia, Qatar, Africa.
The following aspects are covered in the report “Global Fitness Equipment Market Outlook, 2025“
To Access Complete Report: https://www.bonafideresearch.com/product/200919941
Table of contents
Bonafide Research is one of the fastest-growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. In house, we have published 3500+ high quality research reports with major focus on Indian market. Our client base consists of BCG, Ernst & Young, PwC, McKinsey & Company, Inflexion, Nestle, Unilever, Crompton Greaves, SRF, CPF, Aramax, Stainhoff, Welspun, Blaupunkt, Brookfield, Lindt, Storck, GCPL, ITC, Microtek, Anchor, Hero Eco, LG Chem, Sojitz Corp., Sumitomo, FMC Corp., Lutron and many more.Contact Information: