Maximize Market Research, a top global provider of information and research on the regional and global aerospace and defence industry, has published a report on the Fitness Equipment market. Along with other crucial business information, the report offers market sizes by area and projections until 2029.
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A variety of market and industry-related topics are covered in the report. A few marketing techniques include product launches, business expansion, alliances, joint ventures, and acquisitions. This study’s preparation has taken into account all crucial aspects of market research that are pertinent to the current state of the sector. The main business trends, difficulties, and opportunities are also included in this market research analysis. The aerospace and defence industry’s leading business consultant, Maximize Market Research, just released a report on the competitive environment and market intelligence for the Fitness Equipment Market. An expert with 18 years of experience used primary and secondary data to examine the market from both a domestic and international perspective.
Global Fitness Equipment Market size was valued at US$ 11.98 Bn in 2021 and the total revenue is expected to grow at 3.32 % through 2022 to 2029, reaching nearly US$ 15.56 Bn.
Fitness Equipment Market Overview:
The fundamentals of the Fitness Equipment Market may be better understood by undertaking a thorough statistical analysis of present and emerging trends. The study looks at Porter’s five forces in order to evaluate the significance of a number of factors, such as threats posed by various agents, competitive strength, and the comprehension of a resource by aspirant young firms. In order to determine the total market size by countries and market categories, the study examined each nation at the micro level. The size of the regional and global markets is calculated using a technique called “bottom-up” forecasting. How much the underground market contributes to the expansion of the larger market can be ascertained by performing a micro level examination of each nation. In-depth interviews with well-known local business owners supported the findings. Both for-profit and open-access sources provide the data that is used in secondary research, which is subsequently analysed. Actual government data, commercial databases, and annual reports of publicly traded companies are the sources for consumption by category and supply by each player in each nation.
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Fitness Equipment Market Segmentation:
Based on Product Type, the global Fitness Equipment market is segmented into Cardiovascular Training Equipment, Strength Training Equipment and Other Equipment. The Cardiovascular Training Equipment segment held the largest market share of xx% in 2021 and it is expected to grow at a highest CAGR of 3.42% in the global fitness equipment market during the forecast period on account of its greater penetration in developed markets such as the U.S. and Europe. Emerging nations, such as Asia-Pacific and LAMEA, are expected to witness higher growth rates over-developed regions on account of an increase in health consciousness, a rise in disposable income, and an increase in obesity levels.
Based on End-User, the global Fitness Equipment market is segmented into Home Consumer, Health Club/Gym and Other Commercial User. The Health Club/Gym segment held the largest market share of xx% with such a revenue of USD 5.59 billion in 2021. The growing number of community clubs, gyms, and fitness boutiques in countries such as the United States, China, and Japan is driving the economy for fitness equipment in health clubs. Whereas, the home consumer segment held the 2nd largest market share of xx% with such a revenue of USD 3.08 billion in 2021. Due to increased consumer interest in regular exercise and fitness activities. The rising rate of obesity and cardiovascular illness has increased customer attention in leading a healthy lifestyle and engaging in regular exercise. However, the Other Commercial User segment is expected to grow at a highest CAGR of 3.42% in the global Fitness equipment market during the forecast period.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa (MEA)
- South America
The analysis of the Fitness Equipment Market in the research considers cost structures, market shares, the producers’ supply networks, and the laws and regulations in effect at the time. By comparing the price of locally produced goods to the profit made, it is feasible to analyse the regional marketplaces for the Fitness Equipment Market.
Fitness Equipment Market Key players:
• Amer Sports Corporation
• Nautilus, Inc.
• Core Health and Fitness, LLC
• TRUE Fitness Technology, Inc.
• Impulse (Qingdao) Health Tech Co. Ltd.
• Torque Fitness, LLC.
• Star Trac Health and Fitness Inc.
• Body-Solid Inc.
• Yowza fitness
• Precor Incorporated
• Paramount Fitness Corp.
• NordikTrack Inc.
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