Fitness Equipment market report comprises of basic, secondary and advanced information related to the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2018 - 2025. Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What's more, Fitness Equipment report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions.
Data Bridge Market Research analyzes that the global fitness equipment market is expected to reach the value of USD 17,580.99 million by 2030, at a CAGR of 7.0% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Global Fitness Equipment Market Overview
Global Fitness equipment basically refers to the equipment that are generally utilized during any physical or fitness related activities. They help in enhancing the strength or for improving the physical fitness. Generally, the fitness equipment includes various equipment such as free weights, rowing machines, treadmills, weight machines, stationary bikes, elliptical cross tanner and stair stepper among others. Exercise equipment is a machine that resists a person while they perform physical exercises to increase strength and endurance, manage weight and improve flexibility. It helps to enhance the personality and appearance. Treadmills, elliptical machines, weight machines, free weights and other exercise equipment are available. These devices have been used by fitness centers, gyms, home users and corporate offices. According to (VA.gov), cardio equipment with preset programs is considered commercial. Use programs for those with a wide range of aerobic abilities.
Some of the major players operating in the global fitness equipment market are Nautilus, Inc., Life Fitness, Johnson Health Tech, TECHNOGYM S.p.A, TRUE, Impulse (QingDao) Health Tech CO., LTD, iFIT, Torque Fitness., Body-Solid Inc., Core Health Fitness, LLC., Precor Incorporated, Afton, Fitness World, Shanghai Define Health Tech CO LTD, REALLEADER FITNESS CO., LTD, Shandong Aoxinde Fitness Equipment Co., Ltd., BFT Fitness, Yanre Fitness, FITKING FITNESS, and Fitline India among others.
Global Fitness Equipment Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Growing Number of People Involved in Physical Activities Competitions
Physical activity has significant health benefits for the heart, body, and mind, and exercise helps prevent and manage non-communicable diseases such as cardiovascular disease, cancer, and diabetes. Nowadays, people worldwide can take their hard fitness training results to competitive tournaments and test their skills at various functional fitness events. There are many fitness activities competitions, such as powerlifting, bodybuilding, long distance running events, fun runs, and cross-fit competitions. So many companies and fitness organizations have taken the initiative and arranged various fitness competitions and outdoor activities. The participation rate of men was higher (20.7 percent) than women (18 percent). This included sports, exercise, and other active leisure activities.
Thus, growing numbers of people involved in physical activities drive market growth.
- Covid-19 Pandemic Resulted in a Rising Demand for Home Fitness Equipment
The COVID-19 pandemic has had a substantial positive impact on the fitness equipment sector. The pandemic has imposed new norms and regulations, such as social distancing and lockdowns, to prevent the spread of the virus. As a result, people worldwide were forced to stay at home, which led to new trends such as working at home. The growing popularity of home workouts has increased the demand for exercise equipment during the pandemic. The increased focus on self-care, exercise, and health have helped fitness apps and platforms gain significant traction in the wake of the pandemic. In addition, the pandemic has also propelled non-fitness enthusiasts to give more importance to maintaining their health and fitness, which thus helps to generate traction.
Moreover, the COVID-19 pandemic has also enhanced the demand for at-home fitness equipment and fitness apps so much that the number of fitness equipment sold-out online and fitness app downloads increased by almost 30% in 2020.
Restraint
- High Cost Associated With Fitness Equipment
Some fitness equipment available at very high prices, especially for middle and low-income in developing and underdeveloped countries, acts as a limiting factor for growth. With technological advancement, the price hike is evident in the case of high-tech fitness equipment and fitness wearable devices. Incorporating multiple features like high quality display, increased power efficiency, tracking of additional vitals, wireless connectivity, and upgraded software, among others, directly increases the initial cost of the fitness equipment and fitness device. Various consumers' use of wearable devices is increasing their expenditure on fitness healthcare. An increase in the application coverage by wearable devices increases its demand which directly aids in its high cost.
Thus, high cost associated with fitness equipment is hampering the market growth.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Pharmaceutical Isolator Market Landscape
Part 04: Global Pharmaceutical Isolator Market Sizing
Part 05: Global Pharmaceutical Isolator Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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