Home fitness equipment enables people to perform exercises without leaving their homes. Consumers learn to use advanced home fitness equipment via online videos and apps without the need to involve trainers, thus saving costs. Moreover, hectic work schedules and the increase in health issues have forced people to do some form of daily exercise to stay healthy and prevent health related issues, thus Increasing demand for fitness equipment You will lead the market. In addition, the COVID-19 pandemic has contributed to an increase in the demand for home fitness equipment. Since the second quarter (Q2) of 2020, home fitness equipment has experienced strong demand growth globally. The rapid rise in the number of people diagnosed with the disease has prompted governments in various countries globally to impose lockdowns, forcing people to stay at home. In addition, most governments have announced the closure of gyms, fitness centers, yoga studios and recreation areas, which played a major role in triggering sales of home fitness equipment.
However, the The cost of home fitness equipment is high Which could hinder the market. Premium treadmill products can be more expensive. This hinders the purchase of fitness equipment, especially in developing countries. Consumers find it more economical to join health clubs than to purchase home fitness equipment. Also, some people who live in developing countries are more skeptical about spending on health clubs and gym memberships. Moreover, the presence of many domestic brands offering fake products in the global fitness equipment market leads to market segmentation, which leads to problems such as lack of price uniformity, uneven competitive scenario, and eroding market share. To gain a competitive advantage over global brands, these brands offer imitation products at a lower price but lack in quality and durability. However, these products are preferred by low-income consumers because they are affordable. As a result, original brands cannot achieve optimal market penetration, which leads to inventory buildup in their supply chain.
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Company Profile
fitness equipment market fragmented Vendors deploy various organic and inorganic growth strategies to compete in the market. The Fitness Equipment Market report includes information on the product launch, sustainability, and prospects of key vendors including Core Health and Fitness LLC, Dyaco International Inc. , and Icon Health and Fitness Inc. , and Impulse (Qingdao) Health Tech Inc., Johnson Health Tech Inc., Life Fitness, Nautilus Inc., Banata Real, TECHNOGYM Spa, and Tunturi New Fitness BV.
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competitive analysis
The competitive scenario presented in the Fitness Equipment market report analyzes, evaluates and positions the companies on the basis of various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market segmentation
Technavio report extensively covers Fitness Equipment Market segmentation by the product (Cardiovascular training equipment, strength training equipment, and other equipment), end user (individual users, health clubs and gyms), and geography (North Amaricaasia pacific, Europeand MEA and South america).
- by the product, The market is categorized as cardiovascular training equipment, strength training equipment and other equipment.
The growth of fitness equipment market share in Cardiovascular training equipment It will be an important revenue generation segment. The cardiovascular training equipment division includes treadmills, cross trainers, stationary bikes, and skating machines. Cardiovascular training equipment such as treadmills and cross trainers have a shorter life than strength training equipment. Therefore, the sales of replacement cardiovascular training equipment is higher than the sales of strength training equipment. This will increase sales of cardiovascular training equipment during the forecast period. Moreover, increasing health awareness among consumers is also driving the growth of this sector. - by geography, The market is categorized as North Amaricaasia pacific, Europeand MEA and South america. North Amarica It will have the largest share of the market. 38% of the market growth will come from North Amarica during the forecast period. The United States is a major market for fitness equipment in North Amarica. The market growth in this region will be faster than the market growth in Europe. The increasing prevalence of age-related health conditions will facilitate the growth of the North American fitness equipment market during the forecast period.
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Related Reports
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Fitness Equipment Market Scope |
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Report coverage |
details |
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page number |
120 |
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base year |
2020 |
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prediction period |
2021-2025 |
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Growth Momentum and CAGR |
Slowing at a compound annual growth rate of 18.52% |
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Market Growth 2021-2025 |
7.71 billion US dollars |
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Market Structure, Market Structure |
fragmented |
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Annual Growth (%) |
48.57 |
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Market share performance |
North America with 38% |
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Competitive scene |
Leading companies, competitive strategies and scope of consumer engagement |
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Company Profile |
Core Health and Fitness LLC and Dyaco International Inc. and Icon Health and Fitness Inc. and Impulse (Qingdao) Health Tech Co., Ltd. Ltd. and Johnson Health Tech Inc. and Life fitness and Nautilus Inc. Panatta Srl, TECHNOGYM Spa and Tunturi New Fitness BV |
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market dynamics |
Key market analysis, market growth triggers and obstacles, Analysis of fast-growing and slow-growing segments, Impact of COVID 19 and future consumer dynamics, Market status analysis for the forecast period, |
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field of personalization |
If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments. |
content list
Executive Summary
market view
- Market Ecosystem
- value chain analysis
market scaling
- Market definition
- Market Segment Analysis
- Market Size 2020
- Market Outlook: Outlook for 2020-2025
Five Forces Analysis
- Bargaining power of buyers
- Supplier bargaining power
- Threat of newcomers
- The threat of alternatives
- The threat of competition
- market condition
Market segmentation by product
- Market segments
- Compare by product
- Cardiovascular Training Equipment – Market Size and Forecast for 2020-2025
- Strength Training Equipment – Market Size and Forecast for 2020-2025
- Other Equipment – Market Size and Forecast for 2020-2025
- Market opportunity by product
Market segmentation by end user
- Market segments
- Comparison by end user
- Individual Users – Market Size and Forecast for 2020-2025
- Health Clubs and Gyms – Market Size and Forecast for 2020-2025
- Market opportunity by end user
customer scene
geographic landscape
- geographical segmentation
- geographical comparison
- North Amarica – Market Size and Forecast for 2020-2025
- Asia Pacific Region – Market Size and Forecast for 2020-2025
- Europe – Market Size and Forecast for 2020-2025
- Middle East and Africa – Market Size and Forecast for 2020-2025
- South america – Market Size and Forecast for 2020-2025
- Leading countries
- Market opportunity by geography
- Market Drivers
- Market Challenges
- Market trends
landscape seller
Vendor Analysis
- covered sellers
- Market position for sellers
- Core Health and Fitness LLC
- Dyaco International Inc.
- Icon Health and Fitness Inc.
- Paid (QingdaoHealth Tech Company Limited.
- Johnson Health Tech Company
- life fitness
- Nautilus Inc.
- Banata SAR
- Technogym Spa
- Tunturi New Fitness BV
appendix
- Report scope
- Currency exchange rates for US dollars
- Research Methodology
- List of Abbreviations
about us
Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .
Contact
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