Gym Equipment Market Key Facts And Insights On Future Scenario To 2022

As the latest report published by Fact.MR, the global gym equipment market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022).Gym equipment is any device or apparatus used during physical activity to improve the conditioning effects and the nature of the exercise by providing either an adjustable or a fixed amount of resistance. Gym equipment can otherwise be used to enhance both the experience and outcome of an exercise regimen.

The modern man is more susceptible to mental stress and chronic ailments such as diabetes, heart diseases, and cancer, which, in turn, has triggered the urgency to engage oneself in programs focused on health management. Factors as such are having a cumulative effect on growth of gym equipment market. Moreover, rising trend to enhance physical appearance and to maintain body fitness is also favoring the prospects of the global gym equipment market.

Cardiovascular Machines – Top-Selling Product in Gym Equipment Market  

On the basis of product type, cardiovascular machines will continue to spearhead the gym equipment market, in terms of revenues. The cardiovascular machines accounted for around 17% revenue share of the gym equipment market in 2017. By the end of 2022, over US$ 1,200 Mn worth of cardiovascular machines are expected to be sold worldwide.

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Global Market for Gym Equipment – Key Projections 

North America and Asia-Pacific excluding Japan (APEJ) are expected to emerge as the two other lucrative markets for gym equipment during the assessment period. In terms of revenue, Europe is anticipated to dominate the global gym equipment market over the next few years. Between 2017 and 2022, the market in Europe gym is expected to remain highly attractive and register to a sound CAGR.

Competition Tracking

Fact.MR in its report has profiled the key players functioning in the global gym equipment market, which include Brunswick Corporation, Johnson Health Tech Co. Ltd., Technogym SpA, Nautilus, Inc, Core Health and Fitness LLC, Torque Fitness LLC, Cosco Capital, Inc., Amer Sports Corporation, Impulse Healthtech Co. Ltd., Icon Health & Fitness, INC.

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