Home Fitness Equipment Market forecast to grow at 4.7% from 2016 to 2023

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Global Fitness Equipment Market to grow at 3.8
from 2016 to 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Fitness Equipment Market

• Sedentary lifestyles have created a greater need
  in society for physical activities leading to
  spontaneous growth in fitness equipment market.
  Fitness equipment industry is witnessing a spur
  due to technological advancements such as digital
  connectivity, monitoring the heath related data
  such as steps taken, calories burned, sleep
  duration, etc. Moreover, rising awareness
  regarding health fitness, maintaining
  cardiovascular functioning, improving physical
  stamina and flexibility will further propel the
  fitness equipment market trends.
• According to Global Market Insights, Inc.,
  Fitness Equipment Market size worth USD 10
  billion in 2015, is estimated to grow at a CAGR
  of 3.8 over the period of 2016-2023. Increasing
  consciousness among the youths worldwide to be
  fit and maintain the aesthetic appearance is
  likely to boost the industry revenue.

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Continued...

• Taking into consideration the products trends,
  fitness equipment market is segmented into body
  analyzers, cardiovascular training equipment,
  strength training equipment, and activity
  monitors. Among these cardiovascular holds
  majority of the market share by accounting for
  over 57 of global fitness equipment market,
  owing to its health benefits such as heart rate
  conditioning, body toning, metabolism
  improvement, and fat burning.
• Strength training equipment market is growing
  substantially, owing to its use in improving
  strength through muscular workouts and anaerobic
  endurability. Moreover, increasing health
  programs, motivational, and promotional
  activities conducted by health clubs will surge
  fitness equipment industry share over the coming
  years. Interesting developments regarding healthy
  lifestyles in emerging economies will be one of
  the lucrative growth aspects in fitness equipment
  industry.
• The most lucrative application contributing
  significantly towards the global fitness
  equipment market is the Gym/Health Clubs which
  include treadmills, benches, racks, functional
  training machines, etc. Health clubs accounted
  for over 50 of the overall fitness equipment
  industry share in 2015, and is projected to
  witness a CAGR of 3.3 over the period of
  2016-2023. Furthermore, considerable adoption of
  these equipment in offices, hotels, homes, etc.

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MEA Fitness Equipment Market size, by product,
2012-2023 (USD Million)

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Continued...

• Asia Pacific fitness equipment market will
  achieve significant escalation in the coming
  timeframe. The growth can be primarily attributed
  to changing lifestyles, growing obesity, and
  increasing health awareness across the region.
  Growing urbanization in China, Japan, South
  Korea, and Australia is set to significantly
  catalyze the regional industry share.
• North America is set to witness a rising number
  of gyms and health clubs along with increasing
  application of strength training and cardio
  systems, which will stimulate the regional share.
  US fitness equipment market accounted for over
  USD 4.5 billion in 2015, and is likely to lead
  the regional growth.
• The global fitness equipment industry will be
  highly competitive with market players investing
  in wearable technologies for additional value
  coupled with attracting customers with discount
  schemes and annual subscription. The key players
  include Technogym, Icon Health Fitness,
  Nautilus, Johnson Health Tech, Amer Sports, and
  Brunswick Corporation.

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