Fitness Equipment Market Size and Share 2020-2026, Industry Statistics in North America, Europe and APAC with COVID-19 Impact Analysis: Graphical Research


Europe Fitness Equipment Market Size To Exceed $ 4 Billion Valuation By 2026 | Cardiovascular Equipment Segment to Drive Growth in North American Market | Asia-Pacific industry to register 7% CAGR over time

Graphical Research has released a report on the Fitness Equipment Market which gives a detailed overview of this business vertical during the forecast period. The report includes the major drivers of the industry and provides an accurate analysis of the main growth trends and market prospects in the coming years, in addition to the competitive hierarchy of this sphere.

The following 9 trends are expected to mark the advancement of the fitness equipment market outlook:

Weight training equipment to gain ground in Europe

As strength training equipment can dramatically improve bone health and provide relief from ailments such as arthritis, the demand for dumbbells, dumbbells and free weights has been on an upward trend in recent times. The lower costs of this equipment make it an ideal choice for people who prefer home gyms. These factors fueled the Europe Fitness Equipment Market Outlook. Additionally, the health and fitness industry can be expected to regain momentum after the COVID-19 crisis.

Home gym equipment is growing in Europe

The growing popularity of home workouts and virtual workouts in European countries has spurred the expansion of the home gym equipment segment. With the COVID-19 pandemic forcing the closure of gyms and fitness clubs, home workouts are increasingly preferred even in post-pandemic times due to their high convenience and lower costs.

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Several market players have sought to stay ahead of the curve by offering customers live training classes with an experienced fitness trainer. For example, Technogym showcased its digital live platform through which operators can stream studio or club classes to members at home.

Connected gym equipment across North America

With the Internet of Things (IoT) making inroads into almost every industry, the trend for connected devices in gyms and fitness centers is gaining traction. Advances in technology have popularized smart and portable devices, with integration with artificial intelligence (AI) and cloud technologies.

This trend has encouraged individuals to engage in immersive workouts, thereby enhancing their experience. The North America fitness equipment market share is expected to increase with many market players offering personalized solutions to their customers through digitally connected fitness equipment.

Spiral Fitness Club Memberships Across the United States

With the growing number of fitness club memberships in the United States, the North America Fitness Equipment Industry Forecast should progress significantly. The reopening of health clubs, fitness centers and gymnasiums has caused the volume of such memberships to increase further after the coronavirus pandemic. In 2018, the total number of gym memberships exceeded 62 million, according to the International Health, Racquet & Sportsclub Association (IHRSA).

In addition, the demand for gymnastic equipment such as leg presses is likely to increase significantly in fitness clubs by 2026, as these machines are suitable for beginners as well as recovering people. The growing attention to the development of the glutes, quads and hamstrings has led to the adoption of leg presses throughout the region.

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Gym infrastructure in the North American business sector

In order to ensure optimal health and fitness for their employees, several companies, including Microsoft, Intel and Google, have provided gyms and health centers on their campuses. A significant number of companies have realized the need to provide employees with resources to maintain their health. Concerns about general health and well-being as well as optimal productivity of the workforce are expected to drive demand for gymnastic equipment in North American countries.

Cardiovascular gymnastics equipment to see higher demand

The growing risk of heart disease manifested by the growing number of heart failure cases in the region has fueled the demand for cardiovascular equipment in North America. The cardio equipment segment held a share of over 50% of total revenue in 2019.

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Efforts to lose weight and improve heart health have boosted the outlook for the regional fitness equipment market. Exercise bikes, treadmills, climbers, and ellipticals are types of cardio equipment that are in constant adoption.

Growing awareness of health and fitness in APAC

Triggered by the increasing prevalence of chronic diseases such as diabetes and cardiovascular disorders, a significant increase in health awareness is seen among the population in Asia Pacific. The growth in the dissemination of information about heart health and the risks posed by health problems such as obesity has created an increased demand for commercial gym equipment and home gym equipment. In developing countries, gym equipment is now available with easy financing and payment options.

Increased deployment in major hotels in Asia-Pacific

Many leading hotels in Asia Pacific offer fitness facilities as part of their improved infrastructure. For example, in Singapore, top hotels such as The Westin and Marina Bay Sands offer a 24-hour gym. The growing demand for hotels has generated higher revenues through the Asia-Pacific Fitness Equipment Market Forecast. The thriving hospitality sector will certainly add to this propulsion.

Growing burden of heart disease in Asia-Pacific

The marked increase in the prevalence of heart disease in countries like India, Singapore and Taiwan has been responsible for the growth in the deployment of cardio equipment in the region to promote heart health. In 2017, every 25 minutes that passed witnessed death from heart disease in Taiwan, according to the Taipei Times.

Amer Sports Corporation, Torque Fitness, Hoist Fitness Systems, Technogym SpA, Johnson Health Tech, True Fitness, Heinz Kettler and Nautilus Inc. are among the leading manufacturers of fitness equipment in the world.

About graphical search:

Graphical Research is a business research company providing industry insights, market forecasts, and strategic contributions through granular research reports and advisory services. We publish targeted research reports with the aim of meeting the varied needs of clients, from market penetration and entry strategies to portfolio management and strategic perspectives. We understand that business requirements are unique: our syndication reports are designed to ensure relevance to industry participants throughout the value chain. We also provide custom reports tailored to the exact needs of the client, with dedicated analyst support throughout the purchase lifecycle.

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Source URL: https://marketersmedia.com/fitness-equipment-market-size-share-2020-2026-north-america-europe-apac-industry-statistics-with-covid-19-impact-analysis-graphical-research/89039941

Source: Marketers Media

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