The fitness equipment market worldwide, is expected to reach $11.9 billion by 2020, registering a CAGR of 3.89% during 2015 - 2020.
The cardiovascular fitness equipment would continue driving the fitness equipment market during the analysis period. The cardiovascular equipment would contribute for more than 50% of the market size throughout the analysis period. The adoption of the fitness equipment by all the end users (home, health clubs, other commercial users such as hotels etc.) would grow considerably in future. The adoption by health clubs would grow at a CAGR of 4.13% during 2015 - 2020.
The increasing obese population across the world, especially in developed countries such as U.S.A., UK, Canada, etc. drives the usage of fitness equipment. Presently, about 2/3rd of the global obese population resides in developed countries. The use of cardiovascular fitness equipment by the obese end-user segment largely drives the overall fitness equipment market, particularly in North America and Europe. Strength training equipment are most commonly preferred by the youth for body building and muscle strengthening. Therefore, this market holds promising future across the developing regions with a large presence of young population.
Among the end user segments of fitness equipment, the home/ individual users significantly drive the market growth. A majority of the home users of fitness equipment are from the U.S. There is a significant increase in the count of health conscious aging population across developed countries such as U.S., UK, Canada that indicate a higher preference for exercising at home, which, in turn boosts the market for fitness equipment.
The report covers a detailed study of numerous players such as Paramount, Amer Sports, Nautilus Inc., Brunswick Corp., Cybex International Inc., ICON Health & Fitness Inc., Johnson Health Tech Ltd., Technogym SpA, Impulse Health Tech Ltd. Co., Torque Fitness LLC and Fitness EM.
MARKET SEGMENTATION
MARKET BY TYPE
- Cardiovascular training equipment
- Strength training equipment
- Other equipment
-- Activity monitors
-- Body analyzers
MARKET BY USER
- Home/Individual User
- Health Clubs/Gym
- Other Commercial User
-- Corporate offices
-- Hospitals
-- Hotels
For more information visit http://www.researchandmarkets.com/research/nhqb4t/global_fitness
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
SOURCE Research and Markets through PRNewswire by press release ©
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