Fitness Equipment Market Showing Exponential Growth by Size, Share, Trends, Outlook and Analysis by 2029
The global Fitness Equipment market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
Increase in obesity rates mainly in urban population across the world has occasioned in improved health and fitness awareness among consumers. To prevent like diseases, people are increasingly concentrating on their fitness and wellness, driving the fitness equipment market demand in residential and commercial applications. Medical concerns have an impact on the mortality rate. At the global level, a rise in the health issues of cholesterol, diabetes, and heart-related problems is being perceived. Keeping oneself physically fit can be measured as one of the best precautions to eradicate or avoid the risks of certain diseases. Fitness training centers have observed a spontaneous growth, owing to the number of health issues encountered in today’s world. The growth in the number of fitness centers across the world has created a rise in demand for fitness equipment and this demand is anticipated to produce in the coming years. Treadmills, stationary bicycles, weightlifting machines are some of the most common fitness equipment preferred by consumers for cardiovascular fitness and muscle building.
The global Fitness Equipment market is segregated on the basis of Distribution Channel as Offline Store and Online Store. Based on Protective Equipment Type Barriers the global Fitness Equipment market is segmented in Weight Training and Cardiovascular Training. Based on End Use the global Fitness Equipment market is segmented in Health Clubs, Other Commercial Organizations, and Individual.
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The fitness equipment market is expected to reach US$15 billion by 2027, registering a CAGR of 3.5% from 2022 to 2027
The global Fitness Equipment market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Fitness Equipment market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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The report covers:
- Global Fitness Equipment market sizes from 2018 to 2027, along with CAGR for 2022-2027
- Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
- Global Fitness Equipment market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Fitness Equipment market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players