Among type segment, cardiovascular training equipment segment in the global fitness equipment market is estimated to account for a majority revenue share of 47.3% in 2017. The first five-year cumulative revenue (2017–2021) of this segment is projected to be US$ 28,337.8 Mn, compared to a moderately higher cumulative revenue total of US$ 35,026.1 Mn for the latter five years of the forecast period (2022–2026)
Fitness equipment’s are tools used for physical exercise to manage body weight, develop muscular strength, and to improve physical stamina. Treadmill, stair mill, rowing machine, airdyne, spin bike, elliptical, etc. are most commonly used cardiovascular equipment which stimulate the heart rate, also helps in burning excess body fat, and to maintain overall health and fitness.
Rising incidence of obesity, and chronic heart disease coupled with rising awareness regarding health & fitness is expected to drive growth of the global fitness equipment market. Also, increasing fitness service providers and gymnasiums across the globe are other factors expected to propel growth of the global fitness equipment market in the near future.
However, high manufacturing and maintainance cost, and consumer preference shifting towards traditional techniques of exercise such as yoga, aerobics, and swimming are factors expected to hamper growth of the global fitness equipment market.
Companies in this report are The Brunswick Corporation, Johnson Health Tech Co. Ltd., Technogym S.p.A., Amer Sports Corporation, Nautilus, Inc., Cybex International Inc., Elliptigo Inc., NordikTrack Inc., Body-Solid Inc., Torque Fitness LLC