Data Bridge Market Research analyzes that the global fitness equipment market is expected to reach the value of USD 17,580.99 million by 2030, at a CAGR of 7.0% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
This Fitness Equipment Market report has been meticulously crafted to precisely address your business's strategic requirements. Employing robust methodologies like SWOT analysis and Porter’s Five Forces, it offers a comprehensive insight into the ABC industry landscape. Delving deeply into market dynamics, recent developments, and pivotal strategies of key industry players, the report provides invaluable insights for actionable decision-making.
With a focus on market drivers, restraints, opportunities, and challenges, this Fitness Equipment Market doesn't just present information—it equips your business with the tools to navigate and thrive in a rapidly evolving marketplace. From detailed company profiles to nuanced market estimations, this report encapsulates the essence of rigorous market analysis, ensuring a competitive edge for your business.
Fitness equipment basically refers to the equipment that are generally utilized during any physical or fitness related activities. They help in enhancing the strength or for improving the physical fitness.
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Key Growth Drivers:
Growing Number of People Involved in Physical Activities Competitions
Physical activity has significant health benefits for the heart, body, and mind, and exercise helps prevent and manage non-communicable diseases such as cardiovascular disease, cancer, and diabetes. Nowadays, people worldwide can take their hard fitness training results to competitive tournaments and test their skills at various functional fitness events. There are many fitness activities competitions, such as powerlifting, bodybuilding, long distance running events, fun runs, and cross-fit competitions. So many companies and fitness organizations have taken the initiative and arranged various fitness competitions and outdoor activities. The participation rate of men was higher (20.7 percent) than women (18 percent). This included sports, exercise, and other active leisure activities.
Thus, growing numbers of people involved in physical activities drive market growth.
Covid-19 Pandemic Resulted in a Rising Demand for Home Fitness Equipment
The COVID-19 pandemic has had a substantial positive impact on the fitness equipment sector. The pandemic has imposed new norms and regulations, such as social distancing and lockdowns, to prevent the spread of the virus. As a result, people worldwide were forced to stay at home, which led to new trends such as working at home.
The report emphasizes the participation of key entities, notably:
Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa.
Report Scope:
- Analysis of market trends influencing the beverage stabilizers market's growth.
- Examination of trends within key regional and country-level markets based on type, function, and application.
- Providing a comprehensive overview of the Fitness Equipment Market Evaluation of historical, current, and projected market sizes in terms of volume and value.
- Offering a neutral perspective on market performance.
- Essential information for market players seeking to maintain and expand their market presence.
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Key players:
TECHNOGYM S.p.A, TRUE, Impulse (QingDao) Health Tech CO., LTD, iFIT, Torque Fitness., Body-Solid Inc., Core Health & Fitness, LLC., Precor Incorporated, Afton, Fitness World, Shanghai Define Health Tech CO LTD,
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