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2020-09-01
724
Global
Gym equipments are the major part of health and fitness industry, mainly used for improvement of stamina, weight management and to develop muscular strength. Cardiovascular equipments such as treadmills, stationary bikes among others are commonly used equipments in gyms as they are very helpful in burning fat and maintaining overall health and fitness. Strength training equipments are used in gyms to increase muscular strength and to improve individual's personality and appearance. Rising health concerns and growing fatalities of chronic diseases are the major factors driving the growth of gym equipment market. Government and corporate initiatives to encourage people to adopt healthier lifestyle has also been impelling the growth of gym equipment market. Numerous corporate are providing their employees memberships and discounts in various gyms to promote healthy lifestyle. For instance, more than 70% of the large companies in United States are proving gym services in their offices and offering wellness programs for their employees. Big players of fitness industry such as fitness equipment manufacturers and gyms are acquiring businesses to sustain market competition and to maintain their strong presence in the market. For instance, Gold's Gym, world's leading chains of fitness centers, acquired the Rush Fitness Complex in 2015, a regional gym in Carolina boasting 23 clubs. Manufacturers of gym equipments are also adopting merger and acquisitions as their business strategies. In 2016, Brunswick, a leader in the fitness, marine and billiards industry, acquired Cybex, Indoor Cycling Group and SciFit, which are the well-known brands of fitness equipment market.
By Product Type
By Distribution Channels
By Geography
North America region is expected to dominate the global gym equipment market with more than 35% market share in terms of equipment sales. North America accounts for more than 150,000 health clubs with more than 130 million active members. North America gym equipments market is driving on the back of rising obesity rates and growing spending over gym equipments. North America is closely followed by the Europe with more than 25% market share in global gym equipment market. Germany and U.K are the major regions contributing to largest revenue share in Europe's gym equipment market. Europe is generating revenue from more than 45,000 fitness centers and nearly 41 million active members. Asia-Pacific region is expected to be the fastest growing market owing to rapid urbanization in developing countries. Chine is the largest market with more than 2,600 operational health clubs with more than 3.5 million members. Australia and New Zealand collectively accounts for more than 3,000 health clubs and more than 2.1 million active memberships.
By Product Type
By Geography
Market Synopsis
Market Segmentation
The global gym equipments market is segmented as follows:
Global Gym Equipments Market Report covered insights of below mentioned regions:
Market Dynamics: Growth Drivers, Restraints and Opportunities
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Gym Equipment Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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