The growing desire for health and fitness drives the exercise equipment industry. The rise in urbanization, the prevalence of obesity and chronic diseases brought on by unhealthy lifestyles, the expansion of corporate wellness initiatives, and demand from various industries are some of the major factors driving the fitness equipment market. In addition, the geriatric population is expanding, and there is a rising demand for minimally invasive and non-invasive surgeries, contributing to the market's overall growth.
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Data Bridge Market Research analyses that the Asia-Pacific Fitness Equipment Market is expected to reach a value of USD 3,378.34 million by 2030 from USD 1,811.74 million in 2022, at a CAGR of 8.1% during the forecast period of 2023-2030. The rising awareness about the importance of leading an active and healthy lifestyle is driving the demand for fitness equipment in the Asia-Pacific region. Consumers are becoming more conscious of their physical well-being and are actively seeking fitness solutions to maintain a healthy lifestyle.
Key Findings of the Study
Growing obesity rates are expected to drive the market's growth rate
The growing obesity rates worldwide have played a significant role in driving the demand for fitness equipment. Governments, healthcare organizations, and individuals are increasingly aware of the importance of regular physical activity in managing weight and promoting overall well-being. Fitness equipment provides a convenient and accessible means to engage in structured exercise routines, helping individual’s combat obesity and improve their fitness levels. This recognition of the relationship between physical activity and health has fueled the demand for fitness equipment to combat the global obesity epidemic.
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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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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Nautilus, Inc. (U.S.), Life Fitness (U.S.), Johnson Health Tech (U.S.), TECHNOGYM S.p.A (Italy), 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 (U.S.), Fitness World (Canada), Shanghai Define Health Tech CO LTD (China), REALLEADER FITNESS CO., LTD (U.S.), Shandong Aoxinde Fitness Equipment Co., Ltd. (China), BFT Fitness (China), Yanre Fitness (China), FITKING FITNESS (U.S.), Fitline India (India)
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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 fitness equipment market is segmented on the basis of type, application, gender, buyer type, usage, type, end user, and distribution channel.
- On the basis of product type, the fitness equipment market is segmented into strength training equipment, cardiovascular training equipment, body composition analyzers, fitness monitoring equipment and others.
- On the basis of application, the fitness equipment market is segmented into weight loss, body building, physical fitness, mental fitness and others.
- On the basis of gender, the fitness equipment market is segmented into male and female.
- On the basis of buyer type, the fitness equipment market is segmented into individual, institution and others
- On the basis of usage, the fitness equipment market is segmented into residential and commercial.
- On the basis of type, the fitness equipment market is segmented into outdoor and indoor.
- On the basis of end user, the 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 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 fitness equipment market players in fitness equipment market are Life Fitness (U.S.), Johnson Health Tech (U.S.), TECHNOGYM S.p.A (Italy), 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 (U.S.), Fitness World (Canada)
Market Development
- In 2022, Nautilus, Inc., an innovation leader in home fitness, announced the launch of the Bowflex BXT8J treadmill with JRNY adaptive fitness app compatibility at select online and in-store retail partners providing customers with a complete fitness solution at an affordable price point.
- In 2022, Johnson Health Tech announced acquisition of the fitness division of Cravatex Brands Limited, a prior distributor for Johnson Health Tech, have become first fitness equipment company to have a wholly-owned subsidiary in India.
- In 2022, Peloton Interactive, Inc. launched Peloton Row, a fitness equipment. The equipment has innovative software and premium hardware design. The equipment is used for low-impact, full-body cardio and strength workouts.
- In 2021, The acquisition of Matrix Fitness South Africa by Johnson Health Tech (JHT), a distributor for JHT before the acquisition, enabled JHT to become the first manufacturer of fitness equipment to have a fully-owned subsidiary in Africa.
- In 2021, Peloton Interactive Inc. expanded its product offerings in Asia-Pacific by launching its products in Australia.
Regional Analysis
Geographically, the countries covered in the fitness equipment market report are Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
As per Data Bridge Market Research analysis:
China is the dominant region in the fitness equipment market during the forecast period 2023 - 2030
China dominates the Asia-Pacific fitness equipment market due to its rapid technological advancements in the fitness industry. The country is witnessing a surge in developing and adopting innovative fitness equipment, including smart wearables, connected devices, and virtual reality-based systems. Additionally, there has been a significant increase in the number of fitness clubs and gyms, providing consumers a wide range of fitness options. This combination of advanced technology and accessible fitness facilities has propelled China's dominance in the Asia-Pacific region.
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