Market outlook of the fitness equipment market
Technavio market research analyst predicts the global fitness equipment market to grow steadily at a CAGR of around 4% during the forecast period. The growing health awareness worldwide is a key driver for the growth fo this market. The rising health conditions like diabetes, cholesterol and obesity have increased, leading to heart-related ailments. For instance during 2012, nearly 29 million Americans had diabetes. Diabetes was also the 7th leading cause of death in the US during 2010. Continuous workout for the body helps prevent such diseases and increases the life expectancy of people.
The rise in government and corporate initiatives to promote fitness has also been driving the market growth. Numerous corporates are providing gym services within the company premises aiding employees to balance their work and health. For instance, nearly 79% of the large companies and offer wellness programs in the Americas for their employees.
Product segmentation and analysis of the fitness equipment market
Cardiovascular training equipment
Strength training equipment
Other equipment (activity monitors and body analyzers)
The cardiovascular training equipment segment is anticipated to dominate the market during the forecast period and reach a market value of around US $ 6 billion. The growing obese population segment is a key driver for the growth of this segment. For instance, during 2014, around 2 billion adults above the age of 18 years were overweight with 600 million people in this group being classified as obese.
Segmentation by end-users and analysis of the fitness equipment market
Other commercial users (corporate offices, hospitals, and hotels)
The home/individual user segment accounted for around 42% of the market share during 2015. Affluent consumers are the largest users in this segment. Treadmills and cyclic machines comprise a major share of the home fitness equipment market as they are convenient to use and don't require a trainer, which makes them more cost effective.
Geographical segmentation and analysis of the fitness equipment market
North America dominated the market during 2015, accounting for a market share of around 36%.Factors such as innovation, aging population, and rising health issues are the key growth drivers for this region. The report anticipates this region to retain its market leadership until the end of 2020.
Competitive landscape and key vendors
The global fitness equipment market is highly fragmented due to the presence of numerous small and large vendors. Intense competition coupled with rapid changes in technology and consumer preferences constitute significant risk factors for the vendors in this market.
The leading vendors in the market are-
ICON Health & Fitness
Other prominent vendors in the market include Accell Fitness, Asian Sports & Enterprises, Body Solid, Bullworker Enterprises, Johnson Health Tech, Jerai Fitness, Life Fitness, and Vibrogym.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global fitness equipment market?
What are the key market trends impacting the growth of the fitness equipment market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global fitness equipment market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
What are the key outcomes of the five forces analysis of the fitness equipment market?
Technavio also offers customization on reports based on specific client requirement.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
An overview of global sports equipment market
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Global fitness equipment market segmentation by product
Global cardiovascular training equipment market
Global strength training equipment market
Global other equipment market
PART 07: Market segmentation by end user
Market overview of global fitness equipment by end users
Global individual users fitness equipment market
Global health clubs and gyms fitness equipment market
Global other commercial fitness equipment market
PART 08: Geographical segmentation
Global fitness equipment market segmentation by geography
Fitness equipment market in North America
Fitness equipment market in Europe
Fitness equipment market in APAC
Fitness equipment market in ROW
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
Other prominent vendors
PART 16: Key vendor analysis
ICON Health and Fitness
PART 17: Appendix
List of abbreviations
PART 18: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global sports equipment market shares by products 2015-2020 (% share)
Exhibit 03: An overview of global fitness equipment market
Exhibit 04: Global fitness equipment market 2015-2020($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global fitness equipment market by product type 2015
Exhibit 07: Global fitness equipment market by product type 2020
Exhibit 08: Global cardiovascular training equipment market 2015-2020 ($ billions)
Exhibit 09: Global strength training equipment market 2015-2020 ($ billions)
Exhibit 10: Global other equipment market 2015-2020 ($ billions)
Exhibit 11: Global fitness equipment market segmentation by end users
Exhibit 12: Global home/individual fitness equipment market 2015-2020 ($ billions)
Exhibit 13: Global health clubs/gyms fitness equipment market 2015-2020 ($ billions)
Exhibit 14: Global other commercial fitness equipment market 2015-2020 ($ billions)
Exhibit 15: Global fitness equipment market segmentation by geography 2015
Exhibit 16: Global fitness equipment market segmentation by geography 2020
Exhibit 17: Fitness equipment market in North America 2015-2020 ($ billions)
Exhibit 18: Fitness equipment market in Europe 2015-2020 ($ billions)
Exhibit 19: Fitness equipment market in APAC 2015-2020 ($ billions)
Exhibit 20: Fitness equipment market in ROW 2015-2020 ($ billions)
Exhibit 21: Key leading countries
Exhibit 22: Market drivers for global fitness equipment market
Exhibit 23: Impact of drivers
Exhibit 24: Market challenges for global fitness equipment market
Exhibit 25: Impact of drivers and challenges
Exhibit 26: Market trends for global fitness equipment market
Exhibit 27: Key vendors in the global fitness equipment market
Exhibit 28: Cybex: Business segmentation
Exhibit 29: ICON Health and Fitness: Product categories
Exhibit 30: Nautilus: Business segmentation by revenue 2014
Exhibit 31: Nautilus: Business segmentation by revenue 2013 and 2014 ($ millions)
Exhibit 32: Nautilus: Geographical segmentation by revenue 2014
Exhibit 33: Paramount: Product segmentation
Exhibit 34: Precor: Product segmentation