This report covers the recent COVID-19 and its impact on Fitness Equipment Market. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
New York, United States – July 10, 2020 /MarketersMedia/ —
Fitness equipment is necessary to control overall weight, enhance body endurance, and strengthen muscle strength. Treadmills, stationary bicycles, and weight lifting equipment are widely used fitness equipment.
The sedentary lifestyle and busy time make people have no time to exercise. Using gym equipment to exercise at home can save money for gym members. This growing trend of exercising at home has made home fitness equipment a large market share. At the same time, the gym has become a contemporary trend, and the number of gyms has increased rapidly. The impact of COVID-19 allows people to buy more home fitness equipment, which is expected to increase market share. Another reason for the rapid growth of the fitness equipment market is the growth of the population in developing countries. The age demographics of developing countries (e.g. India, China) provide opportunities for the fitness equipment market, with the majority of the Chinese population. The cardiovascular training equipment category accounts for the largest share of the fitness equipment market and is expected to grow at the highest compound annual growth rate during the forecast period.
The important factors driving the development of the global fitness equipment industry are the increase in the number of obese people, the intensification of health problems, and the growth of the youth population. The growth of the urban population and the improvement of health awareness will promote the expansion of the global fitness equipment market. The continuous growth of government initiatives related to health awareness is another factor that is expected to boost the size of the fitness equipment market. These initiatives aim to promote and maintain health by reducing the diseases and mortality associated with unhealthy diets. Also, the increase in the number of gym members and the increase in indoor fitness equipment sales have led to an increase in the market size of fitness equipment.
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The Major Players Profiled in This Report Include:
ICON Health & Fitness, Inc
Johnson Health Tech Co., Ltd
Amer Sports Corporation
Core Health and Fitness, LLC
TRUE Fitness Technology, Inc
Impulse (Qingdao) Health Tech Co., Ltd
Torque Fitness, LLC
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
Cardiovascular Training Equipment
Strength Training Equipment
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Other commercial users
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North America is expected to occupy the largest market share of fitness equipment. Due to a large number of obese people in North America, people pay more attention to fitness. It is expected that the Asia-Pacific region will have the highest growth rate during the forecast period. The increase in disposable income and rapid economic growth in the Asia-Pacific region have led to an increase in sedentary lifestyles and fast-food consumption. In turn, this leads to an unhealthy lifestyle. The prevalence of lifestyle diseases such as obesity, diabetes, heart disease, hypertension, and other bone diseases has also increased. People’s growing understanding of the long-term effects of these diseases has inspired people to exercise in gyms and fitness centers to keep them healthy.
Fitness Equipment Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Fitness Equipment Market by Types
Chapter 4 Segmentation of Fitness Equipment Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Fitness Equipment Market in Major Countries
Chapter 7 North America Fitness Equipment Landscape Analysis
Chapter 8 Europe Fitness Equipment Landscape Analysis
Chapter 9 Asia Pacific Fitness Equipment Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Fitness Equipment Landscape Analysis
Chapter 11 Major Players Profile
11.1 ICON Health & Fitness, Inc
11.1.1 ICON Health & Fitness, Inc Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Brunswick Corporation
11.2.1 Brunswick Corporation Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Johnson Health Tech Co., Ltd
11.3.1 Johnson Health Tech Co., Ltd Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered in This Report:
Which Trends Are Causing These Developments?
Who Are the Global Key Players in Fitness Equipment Market? What’ s Their Company Profile, Their Product Information, Contact Information?
What Was Global Market Status of Fitness Equipment Market? What Was Capacity, Production Value, Cost, and PROFIT of Fitness Equipment Market?
What’s Market Analysis of Fitness Equipment Market by Taking Applications and Types in Consideration?
What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What About Import and Export?
What Is Fitness Equipment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact on Fitness Equipment Market? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
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