The report puts special emphasis on the most important details of the global Gym Equipment market, filtered out with the help of industry-best analytical methods. A detailed and professional overview of the Gym Equipment market has been compiled by industry experts and presented in the most concise manner to present only the details that matter the most. The report analyzes the industrial chain supporting the global gym equipment market in detail, and includes accurate information about the aspects such as production capacity, efficiency in the utilization of the available production capacity, manufacturing chain, demand and supply dynamics, and industry policies affecting the global equipment market.
Increasing prevalence of lifestyle diseases and obesity continues to be a major concern. Federal governments in various countries are stepping up their efforts to spread awareness about several health risks from lack of physical activity. In many countries, governments have already introduced programs to encourage individuals to enroll themselves in recreational activities as well as adopt a healthier lifestyle that involves regular exercise. The modern man is more susceptible to mental stress and chronic ailments such as diabetes, heart diseases, and cancer, which, in turn, has triggered the urgency to engage oneself in programs focused on health management. Factors as such are having a cumulative effect on sales of gym equipment across the globe. Moreover, rising trend to enhance physical appearance and to maintain body fitness is also favoring the prospects of the global gym equipment market. More and more people, especially from the urban and working population are joining gyms to maintain body fitness. In addition, increasing health awareness among aged population, predominantly in regions such as North America, Europe and Asia Pacific is leading to a higher a number of health clubs and specialized gyms memberships. As the latest report published by Fact.MR, the global gym equipment market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022).
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Gym equipment is any device or apparatus used during physical activity to improve the conditioning effects and the nature of the exercise by providing either an adjustable or a fixed amount of resistance. Gym equipment can otherwise be used to enhance both the experience and outcome of an exercise regimen
Cardiovascular Machines – Top-Selling Gym Equipment
On the basis of product type, preference for cardiovascular machines will continue to grow throughout the forecast period. The cardiovascular machines product type segment currently accounts for around 17% market share in terms of revenue. By the end of 2022, over US$ 1,200 Mn worth of cardiovascular machines are expected to be sold worldwide.
Among regions, the market in Europe is projected to remain highly attractive in 2017 and beyond. Increased consciousness about risks of obesity coupled with higher expenditure on gym equipment that enhance physical attributes is projected support the growth of the market in the region. During the forecast period, Europe’s gym equipment market is expected to register a CAGR of 4.6%.
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Global Market for Gym Equipment – Key Projections
- In terms of revenue, Europe is anticipated to dominate the global gym equipment market over the next few years. Between 2017 and 2022, the market in Europe gym is expected to remain highly attractive and register to a sound CAGR.
- North America and Asia-Pacific excluding Japan (APEJ) are expected to emerge as the two other lucrative markets for gym equipment during the assessment period.
- Based on product type, the cardiovascular machines segment is projected to retain its leading position over 2022. The segment currently commands for nearly 17% revenues share of the global market. Meanwhile, ground base equipment are expected to remain the second largest product type segment during the forecast period.
- Sport stores and online retail stores are the two largest distributional channels for gym equipment. Both the distributional channel segments collectively account for close to two-third market share in terms of revenue. However, sport store distribution channel segment is project to witness a higher CAGR over 2022.
Competition Tracking
Fact.MR in its report has profiled the key players functioning in the global gym equipment market, which include Brunswick Corporation, Johnson Health Tech Co. Ltd., Technogym SpA, Nautilus, Inc, Core Health and Fitness LLC, Torque Fitness LLC, Cosco Capital, Inc., Amer Sports Corporation, Impulse Healthtech Co. Ltd., Icon Health & Fitness, INC.
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