The Europe fitness equipment market is a dynamic industry that caters to the growing demand for fitness and wellness products across the continent. This market offers a wide range of equipment, for evolving consumer preferences and technological innovations, from cardio machines and strength training devices to wearables and smart fitness tech.
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Data Bridge Market Research analyses that the Europe Fitness Equipment Market is expected to grow at a CAGR of 6.4% during the forecast period of 2023 to 2030 and is expected to reach USD 5,185.68 million by 2030 from USD 3,156.98 in 2022. Increasing obesity rates stimulate demand for home fitness equipment and gym memberships as individuals seek to address weight-related health issues, fostering the fitness industry's growth in Europe.
Key Findings of the Study
Corporate wellness programs are expected to drive the market's growth rate
Corporate wellness programs are on the rise in Europe as employers recognize their role in promoting a healthy and productive workforce. Companies now provide fitness equipment and wellness initiatives, encouraging physical activity and stress management among employees. This not only enhances the well-being of workers but also boosts productivity, reduces absenteeism, and fosters a positive work environment. As a result, the Europe fitness equipment market is experiencing increased demand from corporate clients.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Strength Training Equipment, Cardiovascular Training Equipment, Body Composition Analyzers, Fitness Monitoring Equipment, and Others), Application (Weight Loss, Body Building, Physical Fitness, Mental Fitness, and Others), Gender (Male and Female), Buyer Type (Individual, Institution, and Others), Usage (Residential and Commercial), Type (Outdoor and Indoor), End User (Health Clubs/Gyms, Home Consumer, Hotels, Corporates, Hospital, and Medical Centers, Public Institutions and Others), Distribution Channel (Retail Stores, Specialty and Sports Shops, Department and Discount Stores, Online and Others)
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Countries Covered
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Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Belgium, Turkey, Rest of Europe.
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Market Players Covered
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FITKING FITNESS (India), Fitline India (India), Nautilus, Inc. (U.S.), Life Fitness (U.S.), Johnson Health Tech (Taiwan), TECHNOGYM S.p.A (Italy), Afton (India), Fitness World (India), TRUE (U.S.), Impulse (QingDao) Health Tech CO., LTD (China), iFIT (U.S.), Torque Fitness (U.S.), Body-Solid Inc. (U.S.), Core Health & Fitness, LLC. (U.S.), Precor, Incorporated (U.S.), Afton (India), Fitness World (India), Shanghai Define Health Tech CO LTD (China), REALLEADER FITNESS CO., LTD (China), Shandong Aoxinde Fitness Equipment Co., Ltd. (China), BFT Fitness (China), Yanre Fitness (China)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Europe fitness equipment market is segmented into product type, application, gender, buyer type, usage, type, end user, and distribution channel.
- On the basis of product type, the Europe fitness equipment market are segmented into strength training equipment, cardiovascular training equipment, body composition analyzers, fitness monitoring equipment, and others.
- On the basis of application, the Europe fitness equipment market is segmented into weight loss, body building, physical fitness, mental fitness, and others.
- On the basis of gender, the Europe fitness equipment market is segmented into male and female.
- On the basis of buyer type, the Europe fitness equipment market is segmented into individual, institution and others.
- On the basis of usage, the Europe fitness equipment market is segmented into residential and commercial.
- On the basis of type, the Europe fitness equipment market is segmented into indoor and outdoor.
- On the basis of end user, the Europe fitness equipment market is segmented into health clubs/gyms, home consumer, hotels, corporates, hospital and medical centers, public institutions, and others.
- On the basis of distribution channel, the Europe fitness equipment market is segmented into retail stores, specialty and sports shops, department and discount stores, online, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe fitness equipment market players in Europe fitness equipment market are FITKING FITNESS (India), Fitline India (India), Nautilus, Inc. (U.S.), Life Fitness (U.S.), Johnson Health Tech (Taiwan), TECHNOGYM S.p.A (Italy), Afton (India), Fitness World (India), TRUE (U.S.).
Market Developments
- In June 2023, Adidas and Technogym, prominent players in the European Fitness Equipment Market, jointly announced a strategic collaboration. This alliance aims to revolutionize the fitness industry by integrating cutting-edge wearable technology with state-of-the-art gym equipment, offering consumers a seamless and data-driven fitness experience.
- In September 2022, Nautilus, Inc., a prominent figure in home fitness innovation, introduced the Bowflex BXT8J treadmill with JRNY adaptive fitness app compatibility. This expansion enhanced their product range, providing customers with an affordable, high-performance cardio solution and the convenience of syncing with the JRNY app for an all-encompassing fitness experience.
- In June 2022, Johnson Health Tech made a significant move by acquiring the fitness division of Cravatex Brands Limited, a former distributor, establishing its first completely owned subsidiary in India. This strategic step, coupled with ongoing investments in product development and manufacturing, has propelled Johnson Health Tech to pioneer the fitness equipment market's expansion in Europe.
- In June 2020, TechnoFit, a leading fitness equipment provider in Europe, unveiled its collaboration with FitTech Innovations. This strategic collaboration paved the way for developing cutting-edge smart fitness devices, revolutionizing the European Fitness Equipment Market and driving increased market competitiveness.
Regional Analysis
Geographically, the countries covered in the Europe fitness equipment market report are Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Belgium, Turkey, Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in Europe fitness equipment market during the forecast period 2023 - 2030
Germany's supremacy in the European fitness market stems from its robust mass production of fitness equipment, catering to escalating demand in emerging markets and the thriving expansion of fitness industries. This dominance is marked by innovative technologies, high-quality manufacturing, and a strategic approach to meet global demands, solidifying Germany's position as a powerhouse in the fitness equipment sector within the European region.
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