Buy Fitness Equipment Market Report Online (Business Opportunities - Marketing & Sales)

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Item ID 3646330 in Category: Business Opportunities - Marketing & Sales

Buy Fitness Equipment Market Report Online


Fitness Equipment Market by Product Type (Cardiovascular Training Equipment, Strength Training Equipment, and Others), End User (Home/Residential, Commercial, and Institutional), Distribution Channel, and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).
The global Fitness Equipment Market size is projected to reach a CAGR of 7.0% from 2023-2030.
Home exercise/fitness equipment is any apparatus or device used during physical activity to enhance the strength or conditioning effects on the body. Fitness equipment mainly consists of weightlifting machines, treadmills, stationary bikes, and others for physical exercise and is specifically used in fitness clubs, homes, hotels, gyms, and corporate offices. Such equipment help maintains weight, reduce excessive fat, and boost stamina.
Growth of the Fitness Equipment Market is due to various factors such as increasing sedentary lifestyle is driving the demand for fitness equipment across the world. Also, rising number of fitness service providers and centers. Furthermore, growth in the prevalence of cardiovascular diseases is also providing an impetus to the demand for fitness equipment.
On the other hand, a lot of people are inclined toward exercises such as dancing, aerobics, Pilates, and yoga, which require minimal use of fitness equipment. This has made fitness clubs buy less equipment and provide more & more open spaces. This is further expected to hinder the growth of the global fitness equipment market. There is difficulty in procuring parts/components utilized for fitness equipment such as heart rate grips, LED consoles, handlebars, tension knobs, motors, and so on, and most of these are complex to repair. This results in the replacement of the whole unit, increasing overall maintenance costs. This factor is estimated to restrain the growth of the fitness equipment market in the near future.
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Last Update : Jun 12, 2023 6:23 AM
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2024-05-20 (0.476 sec)