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ASIA-PACIFIC FITNESS EQUIPMENT MARKET FORECAST 2021-2028

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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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

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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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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. 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
    1. 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
    2. MARKET BY TYPE
      • CARDIOVASCULAR EQUIPMENT
      • STRENGTH TRAINING EQUIPMENT
      • OTHER EQUIPMENT
    3. MARKET BY DISTRIBUTION CHANNEL
      • ONLINE
      • OFFLINE
    4. MARKET BY END-USER
      • HOME
      • APARTMENT
      • HEALTH CLUB/GYM
      • HOTEL
      • CORPORATE OFFICE
      • OTHER END-USERS
    5. 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
    1. 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)

    1. 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
    1. MARKET BY TYPE
      • CARDIOVASCULAR EQUIPMENT
      • STRENGTH TRAINING EQUIPMENT
      • OTHER EQUIPMENT
    2. MARKET BY DISTRIBUTION CHANNEL
      • ONLINE
      • OFFLINE
    3. MARKET BY END-USER
      • HOME
      • APARTMENT
      • HEALTH CLUB/GYM
      • HOTEL
      • CORPORATE OFFICE
      • OTHER END-USERS

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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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