Indoor Fitness Equipment Market Scope
Fitness is very crucial part of an individual life. To develop and maintain fitness, exercise is very essential. Now-a-days due to hectic work life schedule, individuals are becoming reluctant from outdoor exercises. They usually prefer indoor fitness equipment’s or join health club, so as to exercise as per their convenience. Indoor fitness equipment are used to improve fitness levels of an individual, which will make them physically and mentally strong. Fitness includes five important components like flexibility, cardio-respiratory fitness, muscular endurance, muscular strength, and body composition, and indoor fitness equipment’s are available for such every exercise. People are becoming more conscious about weight management and want to live a healthy life that will drive the growth of indoor fitness market.
According to AMA, the Global Indoor Fitness Equipment market is expected to see growth rate of 3.33% and may see market size of USD14.76 Billion by 2026.
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Indoor Fitness Equipment market throughout the predicted period.
Amer Sports Corporation (Finland), BFT Fitness Co., Ltd. (China), Body-Solid, Inc. (United States), Brunswick Corporation (United States), Cybex International, Inc. (United States), Dyaco International Inc. (Taiwan), Heart Rate Inc. (United States), Heinz Kettler GmbH und Co. KG (Germany), ICON Health & Fitness, Inc. (United States), Johnson Health Tech Co., Ltd. (Taiwan), Life Fitness, Inc. (United States), Nautilus, Inc. (United States) and Paramount Fitness Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are SportsArt Fitness, Inc. (United States), Star Trac Health & Fitness, Inc. (United States), Technogym S.p.A. (Italy), Precor Incorporated (United States) and Reebok International Ltd. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Indoor Fitness Equipment market by Type (Treadmills, Elliptical, Stationary bike, Rowing machine and Others), by Application (Home Consumer, Health Clubs/Gyms and Commercial Users) and Region with country level break-up.
On the basis of geography, the market of Indoor Fitness Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Mobile Phones Apps for taking reading of equipment's
- Recent fitness watches with the facility to connect with equipment
- ECO-POWER Treadmill and Air Resistance fitness Bike
- Classic Cruiser Exercise Bike based on Retro
- Level Spinner Chrono Bikes
- High Intensity Interval Training
Market Drivers
- Increasing number of Health & Fitness Clubs
- buzz of weight management
- availability of technologically advanced equipment's
- Growing awareness regarding the benefits of exercise
- Improving Standards of Living
Opportunities
- Emergence to join health clubs due to increasing health issues
- Adoption of Smart Connected Fitness Equipment
- Increasing necessity of Advanced Equipment
Restraints
- Limited lifespan
- Cost of maintenance
Key Target Audience
Manufacturer, Raw material supplier, Distributors/traders/dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations