Fitness Equipment Market Analysis By Device (Cardiovascular Training, Strength Training), By End-Use (Home, Health Clubs) And Segment Forecasts To 2022

Published: Dec, 2015 | Pages: 89 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global fitness equipment market size is expected to reach USD 13.24 billion by 2022 according to a new study by Grand View Research, Inc.

Increasing awareness of health & wellness, increasing urbanization, and an exponential increase in obese population across the world are some of the factors expected to drive the global fitness equipment market growth.

The market is analyzed in accordance to equipment type such as cardiovascular, strength training, and other devices such as monitors & trackers. Treadmills, stationary bicycles, stair climbers, and weightlifting machines are commonly used by people across all age groups for weight management and to maintain an overall body well-being.

Governments in developed countries are constantly in the process of conceptualizing and establishing effective and timely healthcare programs. Developing countries also indicate a significantly growing trend of healthcare offerings across all sectors. Additionally, increasing trends of corporate fitness and wellness programs offered by organizations across different industry verticals to their employees have further propelled industry growth.

Further key findings from the study suggest:

Cardiovascular training devices are expected to strengthen their presence over the forecast period and are expected to grow at a CAGR of over 3% from 2015 to 2022. Adoption of cardiovascular training devices is comparatively higher as compared to strength training devices as it offers dual benefit of disease prevention and well-being. Cardiovascular training devices such as treadmills, stationary bicycles, rowing machines, and stair machines are extensively used to maintain body fitness and keep the Body Mass Index (BMI) within healthy limits.

Health clubs and gyms dominated the industry accounting for over 45% of the market share in 2014. Home users of such devices procure different equipment for their personal use while these devices are an essential prerequisite for health clubs and gyms in order to run their businesses. Other commercial users, such as hotels, hospitals, and corporate offices, purchase them to improve the customer experience they offer.

Asia Pacific is expected to grow at a CAGR of over 7% over the forecast period due to a relatively untapped market for sophisticated and advanced fitness equipment in the region. Large youth population with rising disposable incomes in countries such as China and India are expected to drive industry growth during the next seven years. Rising overweight population in North America has led the region to dominate the industry. North America occupied nearly 45% of the overall industry share in 2014 and is projected to grow steadily over the forecast period at a CAGR of nearly 2%.

Companies operate their businesses in highly competitive market by launching new products or updated versions of existing products. Technological and product innovations have driven the highly dynamic market. Industry participants such as Brunswick, Cybex International Inc., Johnson Health Tech, Nautilus Inc., Paramount, and Precor have formed strategic alliances with gym and health club service providers to gain the industry revenue share and establish their dominance in the market.

Table of Content

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Fitness equipment - Industry snapshot and key buying criteria, 2012 - 2022
Chapter 3. Fitness Equipment Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Fitness equipment value chain analysis
3.4. Fitness equipment - Technology roadmap
3.5. Fitness equipment market dynamics
3.5.1. Market driver analysis
3.5.1.1. Increased awareness for health and fitness
3.5.1.2. Initiatives from government and enterprises
3.5.1.3. Increased emphasis on corporate wellness
3.5.2. Market restraint analysis
3.5.2.1. Resale of used fitness equipment
3.5.2.2. Material processing regulations
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. Fitness equipment - Key competitor analysis, 2014
3.8.1. Company strategy analysis
3.9. Fitness equipment market PESTEL analysis, 2014
Chapter 4. Fitness Equipment Device Outlook
4.1. Cardiovascular training
4.1.1. Global market estimates and forecasts, 2012 - 2022
4.2. Strength training
4.2.1. Global market estimates and forecasts, 2012 - 2022
4.3. Others
4.3.1.1. Global market estimates and forecasts, 2012 - 2022
Chapter 5. Fitness Equipment End-Use Outlook
5.1. Home
5.1.1. Global market estimates and forecasts, 2012 - 2022
5.2. Health club
5.2.1. Global market estimates and forecasts, 2012 - 2022
5.3. Others
5.3.1. Global market estimates and forecasts, 2012 - 2022
Chapter 6. Fitness Equipment Regional Outlook
6.1. North America
6.1.1. Fitness equipment market by device, 2012 - 2022
6.1.2. Fitness equipment market by end-use, 2012 - 2022
6.2. Europe
6.2.1. Fitness equipment market by device, 2012 - 2022
6.2.2. Fitness equipment market by end-use, 2012 - 2022
6.3. Asia Pacific
6.3.1. Fitness equipment market by device, 2012 - 2022
6.3.2. Fitness equipment market by end-use, 2012 - 2022
6.4. RoW
6.4.1. Fitness equipment market by device, 2012 - 2022
6.4.2. Fitness equipment market by end-use, 2012 - 2022
Chapter 7. Competitive Landscape
7.1. Amer Sports (Precor)
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Brunswick Corporation (Life Fitness)
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Cybex International Inc.
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Fitness EM
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5. Icon Health & Fitness
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Johnson Health Tech
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Nautilus Inc.
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Paramount Fitness Corporation
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. Technogym
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Torque Fitness
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives

List of Tables

TABLE 1 Fitness equipment - Industry snapshot & key buying criteria, 2012 - 2022
TABLE 2 Global fitness equipment market, 2012 - 2022 (USD Million)
TABLE 3 Global market estimates and forecasts by region, 2012 - 2022 (USD Million)
TABLE 4 Global market estimates and forecasts by equipment, 2012 - 2022 (USD Million)
TABLE 5 Global market estimates and forecasts by end-use, 2012 - 2022 (USD Million)
TABLE 6 Fitness equipment - Key market driver impact
TABLE 7 Fitness equipment - Key market restraint impact
TABLE 8 Key fitness equipment vendors
TABLE 9 Global cardiovascular equipment demand, 2012 - 2022 (USD Million)
TABLE 10 Global cardiovascular equipment demand by region, 2012 - 2022 (USD Million)
TABLE 11 Global strength training equipment demand, 2012 - 2022 (USD Million)
TABLE 12 Global strength training equipment demand by region, 2012 - 2022 (USD Million)
TABLE 13 Global other fitness equipment demand, 2012 - 2022 (USD Million)
TABLE 14 Global other fitness equipment demand region, 2012 - 2022 (USD Million)
TABLE 15 Global fitness equipment demand in home, 2012 - 2022 (USD Million)
TABLE 16 Global fitness equipment demand in home by region, 2012 - 2022 (USD Million)
TABLE 17 Global fitness equipment demand in health club, 2012 - 2022 (USD Million)
TABLE 18 Global fitness equipment demand in health club by region, 2012 - 2022 (USD Million)
TABLE 19 Global fitness equipment demand in other end-use, 2012 - 2022 (USD Million)
TABLE 20 Global fitness equipment demand in other end-use by region, 2012 - 2022 (USD Million)
TABLE 21 North America market by device, 2012 - 2022 (USD Million)
TABLE 22 North America market by end-use, 2012 - 2022 (USD Million)
TABLE 23 Europe market by device, 2012 - 2022 (USD Million)
TABLE 24 Europe market by end-use, 2012 - 2022 (USD Million)
TABLE 25 Asia-Pacific market by device, 2012 - 2022 (USD Million)
TABLE 26 Asia-Pacific market by end-use, 2012 - 2022 (USD Million)
TABLE 27 RoW market by device, 2012 - 2022 (USD Million)
TABLE 28 RoW market by end-use, 2012 - 2022 (USD Million)