According to Stratistics MRC, the Global Fitness Equipment market is accounted for $11.36 billion in 2015 and is expected to reach $16.56 billion by 2022 growing at a CAGR of 5.5%. Rising awareness among people to manage overall weight, improve physical stamina, and develop muscular strength are the factors favoring the market. Government initiatives for promoting good health coupled with increased obese population are fueling up the market. In addition to this, the change in lifestyle and increasing disposable incomes are some other factors boosting the market. However, high cost of equipment is one of the major factors restraining the market.
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Cardiovascular Training Equipment segment, among the fitness products type, holds the largest market share which is solely due to the improper junk food habits and consequential obesity. Health Clubs/Gyms is expected to grow at fastest CAGR on account of changing lifestyle coupled with awareness among the people. North America upholds the largest market share attributing to the highly dense obese population across the region and Asia Pacific is estimated to be the fastest growing market owing to growing fitness facilities and product development & availability.
Some of the key players of the Fitness Equipment market include Amer Sports Corporation, Brunswick Corporation, Core Health and Fitness LLC, Cybex International Inc, Exigo, Fitness EM, Icon Health & Fitness, Inc., Impulse (Qingdao) Health Tech Co. Ltd., Johnson Health Tech Co. Ltd., Kettler (GB) limited, Matrix Fitness, Nautilus, Inc., Octane Fitness, Paramount Fitness Corporation, Precor incorporated, Technogym S.p.A, Torque Fitness LLC, and True Fitness Technology, Inc…
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Product types Covered:
Strength Training Equipment
Cardiovascular Training Equipment
Other Cardiovascular Training Equipments
Rest of Europe
Rest of Asia Pacific
Rest of the World
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