Gym Equipment Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 251 | List of Figures : 87 | No. of Pages : 170 | Report Code : FACT220MR |

Gym equipment market witnesses a significant traction in line with rising concerns regarding prevalence of lifestyle diseases and obesity worldwide. Federal governments in various countries are stepping up their efforts to spread awareness about several health risks from lack of physical activity. In many countries, governments have already introduced programs to encourage individuals to enroll themselves in recreational activities as well as adopt a healthier lifestyle that involves regular exercise, thereby driving the gym equipment market growth.

The modern man is more susceptible to mental stress and chronic ailments such as diabetes, heart diseases, and cancer, which, in turn, has triggered the urgency to engage oneself in programs focused on health management. Factors as such are having a cumulative effect on growth of gym equipment market. Moreover, rising trend to enhance physical appearance and to maintain body fitness is also favoring the prospects of the global gym equipment market.

Gym equipment sales ride the coattails of more and more people, especially from the urban and working population, joining gyms to maintain their body fitness. In addition, increasing health awareness among aged population, predominantly in regions such as North America, Europe and Asia Pacific is leading to a higher a number of health clubs and specialized gyms memberships, in turn fuelling gym equipment market growth. As the latest report published by Fact.MR, the global gym equipment market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022).

Gym equipment is any device or apparatus used during physical activity to improve the conditioning effects and the nature of the exercise by providing either an adjustable or a fixed amount of resistance. Gym equipment can otherwise be used to enhance both the experience and outcome of an exercise regimen.

Market Taxonomy

Product Type

Distribution Channel

Buyer Type

Cardiovascular Machines

Speciality Stores

Individual

Strength Training Equipment

Online Retail

Institution

Plate Loaded Equipment

Sport Stores

Promotion

Ground Base Equipment

Others

 

Standalone Equipment

   

Heavy Duty Elite Racks

   

Benches

   

Olympic Bars and Collars

   

Dumbbells & Kettlebells

   

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Cardiovascular Machines – Top-Selling Product in Gym Equipment Market  

On the basis of product type, cardiovascular machines will continue to spearhead the gym equipment market, in terms of revenues. The cardiovascular machines accounted for around 17% revenue share of the gym equipment market in 2017. By the end of 2022, over US$ 1,200 Mn worth of cardiovascular machines are expected to be sold worldwide.

Among regions, the gym equipment market in Europe will remain highly attractive. Increased consciousness about risks of obesity coupled with higher expenditure on gym equipment that enhance physical attributes will support the gym equipment market growth in the region. During the forecast period, Europe’s gym equipment market is expected to register a CAGR of 4.6%.

Competition Tracking

Fact.MR in its report has profiled the key players functioning in the global gym equipment market, which include Brunswick Corporation, Johnson Health Tech Co. Ltd., Technogym SpA, Nautilus, Inc, Core Health and Fitness LLC, Torque Fitness LLC, Cosco Capital, Inc., Amer Sports Corporation, Impulse Healthtech Co. Ltd., Icon Health & Fitness, INC.

NoteThe insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Increasing occurrence of obesity and the serious liabilities it brings along is prompting people across the globe to adopt daily regimens that involve more physical activities, therefore, influencing the demand for gym equipment. The report, compiled by Fact.MR, provides in-depth analysis of the global gym equipment market for the forecast period 2017-2022, and offers key insights about future market direction.    

Scope

The scope of Fact.MR’s report is to analyze the global gym equipment market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Gym equipment manufacturers, stakeholders, and suppliers in the sporting goods & accessories industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to body fitness.   

Summary

The report commences with a brief information of the global gym equipment market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global gym equipment market.        

Overview

The next section offers an overview of the gym equipment market. This comprises an introduction to the market, along with a standard definition of the product – gym equipment. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.          

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global gym equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of gym equipment. With continuous evolution of the sporting goods & accessories industry, keeping a record of latest developments and trends is fundamental for gym equipment manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.    

Considering the wide scope of the global gym equipment market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The gym equipment market has been categorized on the basis of product type, distribution channel, buyer type and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.        

The report’s last section comprises of the global gym equipment market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global gym equipment market.  

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

Fact.MR offers custom research services that help clients to get specific research solutions

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Gym Equipment Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022