Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Physical Fitness Equipment market. Market segmentation includes Equipment Type (Cardiovascular Training, Strength Training and Other Equipment Types) and End-Use (Health Club/Gym, Home Consumers and Other End-Uses).
focus on health and wellness against the backdrop of increasing health consciousness amidst rising incidents of chronic diseases. Growth in the market is driven by the strong focus on leading healthy lifestyles through healthy diets and fitness regimes. The COVID-19 situation has increased awareness among people of the positive impact of exercise on overall health and this has boded well for such offerings. With majority of gyms and outdoor facilities remaining closed for most part of 2020 to curb the spread of the virus, fitness enthusiasts are now creating their own home gym facilities. As a result, the market for at home physical fitness equipment has been exhibiting exorbitant growth. Additionally, growing impetus on exercising for improving immunity as well as fighting mental illnesses is fueling demand for novel devices.
Growth in the fitness equipment market is catalyzed by increasing number of individuals in countries across the world affected by overweight and obesity. Rise in number of fitness centers, health clubs and gyms and gym memberships is also expected to improve growth in the mid-long term.Rapid urbanization globally has resulted in hectic schedules, longer working hours, sedentary lifestyles and unhealthy eating habits that are known to increase the risk of various diseases such as obesity, cholesterol, diabetes, blood pressure and heart diseases. These factors are driving increasing number of people to focus on their health. While people with sufficient time have options to join yoga classes or gym, others rely on fitness equipment, driving the global market for these devices. Growing economic strength of the global middle class, focus on preventive healthcare along with easy access to wellness information and online programs as a result of broader penetration of the Internet is positively influencing demand for home physical fitness equipment. Therapeutic tools for heart patients, cardio machines and equipment are witnessing healthy demand. Rise in the number of health clubs, fitness centers, recreational outfits, and gyms, is also benefiting growth in the market. The trend is especially favoring cardio machines such as treadmills and elliptical trainers, steppers, bicycles and rowing machines. Future growth in the market will be driven by the rise of the connected consumers and the digital disruption caused by advanced technologies intended to enhance customer experience. The rapidly changing digital world is driving fitness facilities and equipment makers to focus on tech-based solutions and interactions such as activity trackers, sophisticated physical fitness equipment, apps, smart connected fitness equipment, wearable devices, sensor-embedded workout wear, artificial intelligence, and VR headsets.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 852. Among this pool, 172 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 34 unique participations, a total of 16 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Amer Sports Corporation
ICON Health & Fitness, Inc.
Cybex International, Inc.
Dyaco International, Inc.
Heart Rate, Inc.
Johnson Health Tech Co., Ltd.
BFT Fitness Co., Ltd.
Segments Covered in the Report -
Equipment Type (Cardiovascular Training, Strength Training, Other Equipment Types)
End-Use (Health Club/Gym, Home Consumers, Other End-Uses)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.