Growing Virtual Fitness Sector to be a Opportunity for the Gym Equipment Manufacturers – Fact.MR Study

Key Segments Covered

• Product Type

  • Cardiovascular Machines
  • Strength Training Gym Equipment
  • Plate Loaded Gym Equipment
  • Ground Base Gym Equipment
  • Standalone Gym Equipment
  • Heavy Duty Elite Gym Racks
  • Gym Benches
  • Olympic Gym Bars and Collars
  • Dumbbells & Kettlebells

• Distribution Channel

  • Gym Equipment Sales via Specialty Stores
  • Gym Equipment Sales via Online Retail Stores
  • Gym Equipment Sales via Sport Stores
  • Gym Equipment Sales via Other Distribution Channels

• Buyer Type

  • Individual Gym Equipment
  • Institutional Gym Equipment
  • Promotional Gym Equipment

Gym Equipment Market- Scope of Report

A recent study by Fact.MR on the gym equipment market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering gym equipment.

The study also provides the dynamics responsible for influencing the future status of the gym equipment market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the gym equipment market, along with their product portfolios, enhances the reliability of this comprehensive research study.

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Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of gym equipment across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of gym equipment during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for gym equipment are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global gym equipment market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the Gym equipment during the forecast period.

Country-specific valuation on demand for gym equipment has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of gym equipment, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering Gym equipment has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the gym equipment domain.

Global Market for Gym Equipment – Key Projections

• 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.
• 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.
• Based on product type, the cardiovascular machines segment is projected to retain its leading position over 2022. The segment currently commands for nearly 17% revenues share of the global market. Meanwhile, ground base equipment are expected to remain the second largest product type segment during the forecast period.
• Sport stores and online retail stores are the two largest distributional channels for gym equipment. Both the distributional channel segments collectively account for close to two-third market share in terms of revenue. However, sport store distribution channel segment is project to witness a higher CAGR over 2022.
• By buyer type, the institution segment is projected to hold its dominant position through 2022. The segment currently commands for over one-third revenue share of the market and anticipated to reflect a healthy CAGR of 5.1% over the forecast period.