Dublin, March 06, 2023 (GLOBE NEWSWIRE) -- The "Physical Fitness Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Physical Fitness Equipment estimated at US$14.8 Billion in the year 2022, is projected to reach a revised size of US$23.2 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.
Cardiovascular Training, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$13.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Strength Training segment is readjusted to a revised 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 7.7% CAGR
The Physical Fitness Equipment market in the U.S. is estimated at US$4.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2030.
Select Competitors (Total 97 Featured) -
- Amer Sports Corporation
- Precor Incorporated
- BFT Fitness Co., Ltd.
- Body-Solid, Inc.
- Cybex International, Inc.
- Life Fitness, Inc.
- Dyaco International Inc.
- Heart Rate Inc.
- ICON Health & Fitness, Inc.
- Johnson Health Tech Co., Ltd.
- Nautilus, Inc.
- Reebok International Ltd.
- SportsArt Fitness, Inc.
- Star Trac Health & Fitness, Inc.
- Technogym S.p.A.
- Total Gym Global Corp.
- TRUE Fitness Technology, Inc.
- Tunturi New Fitness B.V.
- YANRE Fitness Equipment Co., Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 393 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $14.8 Billion |
| Forecasted Market Value (USD) by 2030 | $23.2 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Impact on Fitness Sector
- Demand for Home Fitness Equipment Soars Amidst COVID-19 Pandemic
- Fitness Routine Changes of People as A Result of COVID-19
- Commercial Fitness Equipment Takes a Hit as Gyms Face Hardships
- UK Gym and Fitness Club Memberships in Million (2014: 2020E)
- Physical Fitness Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Physical Fitness Equipment: A Prelude
- Types of Equipment
- Outlook
- Growth Drivers in a Nutshell
- Key Growth Impeding Factors
- Analysis by Segment
- Developing Countries: Focal Point for Current and Future Market Growth
- Competition
- Recent Market Activity
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Covid-19 Pandemic Boosts the Connected Fitness
- Advanced Equipment Offer Futuristic Workouts
- Technology Disrupts Fitness Regimen
- Personalization and Immersive Experience Gain Space as Boutique Fitness Clubs Crop up
- Technology to the Aid of Tread Mills
- Major Trends in the Health, Wellness and Fitness Industry Summarized
- Health and Fitness Clubs: A Major Market for Fitness Equipment
- Considerations while Selecting Commercial Physical Fitness Equipment
- Recovery in Gyms and Health Clubs to Improve Growth
- Number of Health and Fitness Clubs Worldwide (in Thousands): 2011: 2025
- Bodybuilders Remain the Core Customer Group for Commercial Equipment
- Home Fitness Equipment: An Expanding Market
- Key Trends Facilitating Transition to Home Workouts
- Focus on Preventative Healthcare to Fuel Demand for Home Fitness Equipment
- Rise in Adoption of Elliptical Trainers for Home Use
- Growing Prominence of Exercise Bikes as an Effective Fitness Solution for Cardiovascular Health Drive Demand
- Growing Overweight and Obese Population Benefit Market Prospects
- Classification of BMI
- Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
- Average Per Capita Annual Health Expenditure (In US$) due to Obesity
- Rising Participation of Women in Sports and Fitness Due to Increasing Spending Power Boosts Sales
- Surging Interest in Home Gym Exercising among Women
- Big Sporting Events Underpin Sales Growth
- Muscle Strengthening Equipment Gain Popularity among Youth
- Cardio Equipment Outweigh Weights
- Elliptical Trainers: Offering Advantages over Treadmills
- Trends Towards Group Exercise Promotes Market Expansion
- Technology Integration in Fitness Equipment for the Visually Impaired Augurs Well for the Market
- Emerging Technologies, Advanced Software, and Personalized Solutions for Specialized Training Drive Demand from Military Sector
- Favorable Demographic and Other Macro Trends Strengthen Market Prospects
- Rising Need to Maintain Physical Activity among the Aging Population: A Weighty Growth Driver
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Exponential Increase in Urban Population
- World Urban Population in Thousands: 1950-2050
- Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
- Increasing Affluence of the Ballooning Middle Class Population
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
- Global Middle Class Spending (in US$ Trillion) by Geographic Region
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7vkdib
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