Amid the COVID-19 crisis and the looming economic recession, the Physical Fitness Equipment market worldwide will grow by a projected US$3.2 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.7%. Cardiovascular Training, one of the segments analyzed and sized in this study, is forecast to grow at over 4.1% and reach a market size of US$8.2 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Cardiovascular Training market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.3% CAGR. Within Europe, Germany will add over US$79 Million to the region's size over the next 7 to 8 years. In addition, over US$81 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Cardiovascular Training segment will reach a market size of US$397.5 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Physical Fitness Equipment market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 7.1% over the next couple of years and add approximately US$1 Billion in terms of addressable market opportunity.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Competitors identified in this market include, among others,
Amer Sports Corporation
BFT Fitness Co., Ltd.
Cybex International, Inc.
Dyaco International Inc.
Heart Rate Inc.
ICON Health & Fitness, Inc.
Johnson Health Tech Co., Ltd.
Life Fitness, Inc.
TRUE Fitness Technology, Inc.
Tunturi New Fitness B.V.
YANRE Fitness Equipment Co., Ltd.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Recent Market Activity
Key Trends Influencing Fitness Equipment Market
Growth Drivers in a Nutshell
Key Growth Impeding Factors in a Nutshell
Convergence of Fitness and Technology
Influence of Gen Y and Gen Z on the Marketplace
Self-Serve and On-Demand Experience
Digital Disruption Drive Focus on Innovation
Holistic Approach towards Health
Measuring Health Become More Personal
Digital Community-based Approach to Fitness
Major Technologies that are Transforming the Fitness Industry
Global Market Outlook
Developed Markets: Traditional Revenue Generators Continue to Maintain their Dominance
Global Competitor Market Shares
Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Number of Health and Fitness Clubs Worldwide
Facilities with Advanced Equipment Offer Futuristic Workouts with Immense Health Benefits
Major Trends in the Health, Wellness and Fitness Industry Summarized
Considerations while Selecting Commercial Physical Fitness Equipment
Bodybuilders Remain the Core Customer Group for Commercial Equipment
Flexibility, Privacy, and Minimal Distraction Benefits Drive Demand for Home Fitness Equipment
Key Trends Facilitating Transition to Home Workouts
Rising Incidents of Lifestyle Diseases
Demand for Online Fitness Programs
Adoption of Wearable Devices
Popularity of Functional Fitness
Alternative Fitness Coaching
Focus on Preventative Healthcare to Fuel Demand for Home Fitness Equipment
Myriad Benefits Drive Adoption of Elliptical Trainers for Home Use
Rising Need to Maintain Physical Activity among the Aging Population: A Weighty Growth Driver
Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
Growing Overweight and Obese Population Benefit Market Prospects for Treadmills andOther Fitness Equipment
Personalized Solutions for Specialized Training
Incorporation of Advanced Software
Rising Participation of Women in Sports and Fitness Due to Increasing Spending Power Boosts Sales
Large Number of Women Adopt Fitness,Sports Nutrition and Wearable Technology
Surging Interest in Home Gym Exercising among Women
Big Sporting Events Underpin Sales Growth
Muscle Strengthening Equipment Gain Popularityamong Youth
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