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Global Fitness Equipment Market 2016-2020

Fitness Equipment Sector: Worldwide Forecast until 2020

  • December 2015
  • 73 pages
  • ID: 3517802
In this report:
The global strength training equipment market was valued at $##.## billion in 2015 and is expected to reach $##.## billion by 2020 growing at a CAGR of ##.##%.
The global cardiovascular training equipment market was valued at $##.## billion in 2015 and is expected to reach $##.## billion by 2020 growing at a CAGR of ##.##%.

Summary

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Market outlook of the fitness equipment sector

Research's analyst anticipates the overall fitness equipment sector to grow steadily at a Compound annual growth rate of around 4% during the projection horizon. The increasing health awareness world-wide is a top driver for the growth fo this sector. The growing health conditions such as diabetes, cholesterol and obesity have increased, leading to heart-related ailments. For example during 2012, nearly 29 million Americans had diabetes. Diabetes was also the 7th leading cause of death in the USA during 2010. Continuous workout for the body helps prevent such diseases and increases the life expectancy of people.

The increase in government and corporate initiatives to promote fitness has also been driving the market increase. Various corporates are providing gym services within the company premises aiding employees to balance their work and health. For example, nearly 79.0 percent of the important companies and offer wellness programs in the whole Americas for their employees.

Product segmentation and analysis of the fitness equipment sector

Cardiovascular training equipment

Strength training equipment

Other equipment (activity monitors and body analyzers)

The cardiovascular training equipment segment is anticipated to dominate the sector during the outlook period and reach a market value of around US $ 6 billion. The increasing obese population segment is a main driver for the growth of this segment. For example, during 2014, around 2 billion adults above the age of 18 years were overweight with 600 million people in this group being classified as obese.

Segmentation by consumers and analysis of the fitness equipment sector

Home/individual usage

Health clubs/gyms

Other commercial users (corporate offices, hospitals, and hotels)

The home/individual user segment accounted for around 42.0 percent of the market share during 2015. Affluent consumers are the biggest users in this industry segment. Treadmills and cyclic machines comprise a main share of the home fitness equipment sector as they are convenient to use and don't require a trainer, which makes them more cost effective.

Geographical segmentation and analysis of the fitness equipment sector

Asia-Pac

Europe (EU)

North america (NA)

Rest of the world

North America (NA) controled the industry during 2015, accounting for a market share of around 36%.Factors including innovation, aging population, and increasing health issues are the top growth drivers for this zone. The analysis anticipates this area to retain its market leadership until the end of 2020.

What is the current competitive panorama? Who are the main vendors?

The overall fitness equipment sector is highly fragmented owing to the presence of many small and big merchants. Intense competition along quick changes in technology and consumer preferences constitute meaningful risk factors for the sellers in this sector.

The leading sellers in the market are-

Other main sellers in the market contain Accell Fitness, Asian Sports & Companies, Body Solid, Bullworker Enterprises, Johnson Health Tech, Jerai Fitness, Life Fitness, and Vibrogym.

What are the main questions answered?

What will the market value and the increase rate be in 2020?

What are the most significant drivers yielding the overall fitness equipment sector?

What are the main projections/trends in this sector/market? impacting the growth of the fitness equipment sector?

What are the key specifications that can lead to a growing segment?

Who are the major actors in this maket environment??

What are the opportunities in this industry and segment risks faced by the sellers in the overall fitness equipment sector?

Trending factors influencing the market shares of the APAC, Europe (EU), North America continent, and ROW?

What are the main outcomes of the Porter 5 forces analysis of the fitness equipment sector?

Research company also provides customization on reports established on particular client requirement.

What are the associated reports?

Hard Adventure Equipment Market in the US 2015-2019

Overall Smart Wearable Healthcare Devices and Services Market 2015-2019

Overall Smart Wearable Lifestyle Devices and Services Market 2015-2019

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