The global Fitness Equipment Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fitness equipment market include TECHNOGYM S.p.A, Core Health & Fitness, LLC, Seca GmbH, Brunswick Corporation, ICON Health & Fitness, Nautilus, Inc., Omron Healthcare, Inc., Cybex International, Inc., HAMMER FITNESS, and Precor Incorporated. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The fitness equipment market has bright prospects, although it is facing a temporary downfall at the moment. The fitness equipment market is primarily driven by increasing obesity and other lifestyle diseases, sedentary lifestyle, and rising health awareness among individuals. Over the past several years, the need to lead a healthy lifestyle has resulted in an increasing number of gyms across the globe coupled with growing demand for fitness equipment. A surge in the number of gym subscriptions to remain in perfect shape has increased the demand for fitness equipment, creating a positive impact on its market. The fitness equipment market is growing, with individuals facing time constraints and the inconvenience of visiting a gym. Furthermore, factors like government initiatives to promote health awareness and online availability of fitness equipment will fuel market growth. However, the temporary closure of gyms due to the Covid-19 pandemic, home quarantines, and the need to maintain social distancing to prevent the spread of the disease hinders the growth of the fitness equipment market to some extent. In addition, growing preference towards yoga restricts fitness equipment market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fitness equipment. The growth and trends of fitness equipment industry provide a holistic approach to this study.
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Market Segmentation
This section of the fitness equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Cardiovascular Training Equipment
- Weight Training Equipment
- Others
By End Use
- Homes
- Health Clubs
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fitness Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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