The Asia-Pacific fitness equipment market is set to rise with a CAGR of 7.72% during the forecasted years of 2021 to 2028. The surging prevalence of obesity, the increasing number of fitness influencers, the growing gym culture, and the rising awareness linked to fitness are among the key factors associated with the regional market’s growth.

ASIA-PACIFIC FITNESS EQUIPMENT MARKET FORECAST 2021-2028

Asia-Pacific Fitness Equipment Market by Type (Cardiovascular Equipment, Strength Training Equipment, Other Equipment) Market by Distribution Channel (Online, Offline) Market by End-user (Home, Apartment, Health Club/gym, Hotel, Corporate Office, Other End-users) by Geography

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Report Summary

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The Asia-Pacific fitness equipment market growth study encompasses the detailed analysis of India, Japan, South Korea, Australia & New Zealand, Indonesia, Vietnam, Thailand, China, and Rest of Asia-Pacific. China has witnessed a surge in the number of overweight or obese individuals over recent years. As per the National Health Commission (NHM) of China, over 50% of Chinese adults are classified as overweight, out of which more than 16% are obese. Moreover, with the recovery of the market economy, in addition to substantial development in terms of national health consciousness after 2015, the country’s fitness industry gathered pace, thus re-emerging and diversifying.

Japan records a low prevalence of obesity since the country’s traditional diet constitutes seafood, vegetables, and soybean products while limiting meat, animal fat, and dairy consumption. In 2019, Japan had around 6,200 fitness clubs, indicating an increase of over 2,000 compared to 2011. Notably, the country’s fitness industry is largely fueled by the geriatric population attending full-service clubs. Therefore, the abovementioned factors are accredited to the fitness equipment market growth in the Asia-Pacific during the forecast period.

Impulse (Qingdao) Health Tech Co Ltd operates as a fitness equipment production company. It manufactures and sells upright bikes, treadmills, elliptical machines, and other products across the globe. With operations in Europe, the Asia-Pacific, North America, Latin America, and the Middle East & Africa, the company is headquartered in Qingdao, Shandong province, China.

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RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
MARKET DYNAMICS
- KEY DRIVERS
  - GROWING HEALTH CONSCIOUSNESS DUE TO THE PREVALENCE OF OBESITY
  - BENEFITS OF FITNESS EQUIPMENT
  - POPULARITY OF FITNESS AND GYM CULTURE
- KEY RESTRAINTS
  - HIGH COSTS OF FITNESS EQUIPMENT
  - PRESENCE OF COUNTERFEIT PRODUCTS IN THE MARKET

KEY ANALYTICS
- IMPACT OF COVID-19 ON FITNESS EQUIPMENT MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
  - BUYERS POWER
  - SUPPLIERS POWER
  - SUBSTITUTION
  - NEW ENTRANTS
  - INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
MARKET BY TYPE
- CARDIOVASCULAR EQUIPMENT
- STRENGTH TRAINING EQUIPMENT
- OTHER EQUIPMENT
MARKET BY DISTRIBUTION CHANNEL
- ONLINE
- OFFLINE
MARKET BY END-USER
- HOME
- APARTMENT
- HEALTH CLUB/GYM
- HOTEL
- CORPORATE OFFICE
- OTHER END-USERS
GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
  - MARKET SIZE & ESTIMATES
  - KEY DRIVERS
  - KEY CHALLENGES
  - KEY PLAYERS
  - COUNTRY ANALYSIS
    - CHINA
    - JAPAN
    - INDIA
    - SOUTH KOREA
    - INDONESIA
    - THAILAND
    - VIETNAM
    - AUSTRALIA & NEW ZEALAND
    - REST OF ASIA-PACIFIC

COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
  - MERGERS & ACQUISITIONS
  - PRODUCT LAUNCHES & DEVELOPMENTS
  - PARTNERSHIPS & AGREEMENTS
  - EXPANSIONS
- COMPANY PROFILES
  - CORE HEALTH & FITNESS LLC
  - CYBEX INTERNATIONAL INC
  - GYMEQUIP.EU
  - HEINZ KETTLER GMBH & CO KG
  - IFIT HEALTH & FITNESS INC (FORMERLY ICON HEALTH & FITNESS INC)
  - IMPULSE (QINGDAO) HEALTH TECH CO LTD
  - JOHNSON HEALTH TECH CO LTD
  - LIFE FITNESS
  - NAUTILUS INC
  - PELOTON INTERACTIVE INC
  - PRECOR INCORPORATED (PREVIOUSLY OWNED BY AMER SPORTS)
  - TECHNOGYM SPA
  - TOTAL FITNESS EQUIPMENT
  - TRUE FITNESS TECHNOLOGY INC

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – FITNESS EQUIPMENT

TABLE 2: PERCENTAGE OF OBESE ADULTS BY COUNTRY IN 2021

TABLE 3: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 11: KEY PLAYERS IN ASIA-PACIFIC FITNESS EQUIPMENT MARKET

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15: LIST OF EXPANSIONS

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

FIGURE 6: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT, 2021-2028 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT, 2021-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2021-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2020

FIGURE 10: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY ONLINE, 2021-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY OFFLINE, 2021-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

FIGURE 13: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY HOME, 2021-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY APARTMENT, 2021-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2021-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY HOTEL, 2021-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2021-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

FIGURE 20: CHINA FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 21: JAPAN FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: INDIA FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: SOUTH KOREA FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: INDONESIA FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: THAILAND FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: VIETNAM FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: AUSTRALIA & NEW ZEALAND FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: REST OF ASIA-PACIFIC FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

SEGMENTATION

GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
  - MARKET SIZE & ESTIMATES
  - KEY DRIVERS
  - KEY CHALLENGES
  - KEY PLAYERS
  - COUNTRY ANALYSIS
    - CHINA
    - JAPAN
    - INDIA
    - SOUTH KOREA
    - INDONESIA
    - THAILAND
    - VIETNAM
    - AUSTRALIA & NEW ZEALAND
    - REST OF ASIA-PACIFIC

MARKET BY TYPE
- CARDIOVASCULAR EQUIPMENT
- STRENGTH TRAINING EQUIPMENT
- OTHER EQUIPMENT
MARKET BY DISTRIBUTION CHANNEL
- ONLINE
- OFFLINE
MARKET BY END-USER
- HOME
- APARTMENT
- HEALTH CLUB/GYM
- HOTEL
- CORPORATE OFFICE
- OTHER END-USERS