The North America fitness equipment market is estimated to develop with a CAGR of 3.23% during the forecast period of 2021 to 2028. The market growth of the region is ascribed to key drivers such as the increasing awareness of health and fitness, the surging trend of workouts at home, and the prevalence of gyms as well as fitness facilities.
NORTH AMERICA FITNESS EQUIPMENT MARKET FORECAST 2021-2028
North America 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
The North America fitness equipment market is estimated to develop with a CAGR of 3.23% during the forecast period of 2021 to 2028. The market growth of the region is ascribed to key drivers such as the increasing awareness of health and fitness, the surging trend of workouts at home, and the prevalence of gyms as well as fitness facilities.
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The North America fitness equipment market growth evaluation entails the assessment of the United States and Canada. As per the Centers for Disease Control and Prevention (CDC), the country’s obesity incidence between 2017 and 2018 was 42.4%. Besides, from 1999 to 2000 through 2017 to 2018, the percentage of severe obesity increased from 4.7% to 9.2%. While 36.5% of adults are obese in the United States, 32.5% of American adults are overweight. In all, over two-thirds of adults in the United States are obese or overweight. Consequently, increasing awareness of obesity encourages people to purchase fitness equipment
On the other hand, the United States harbors major equipment companies such as Core Health & Fitness LLC, Precor Incorporated, iFIT Health & Fitness Inc, Peloton Interactive Inc, Life Fitness, and others. As a result, the presence of key players, in addition to the abovementioned factors, are set to influence the North America fitness equipment market growth over the forecasting years.
iFIT Health & Fitness, headquartered in the United States, is an international health and fitness technology company that offers fitness solutions and experiences to its augmenting community of millions of members across 120 nations. It provides the industry’s widest range of connected fitness products, including rowers, treadmills, strength equipment, ellipticals, climbers, bikes, reflective fitness mirrors, and others. Moreover, the company’s leading brands are powered by the iFIT integrated health and fitness platform.
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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 DRIVERS
- 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
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY DRIVERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- 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
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – FITNESS EQUIPMENT
TABLE 2: PERCENTAGE OF OBESE ADULTS BY COUNTRY IN 2021
TABLE 3: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 4: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 6: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 8: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 10: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 11: KEY PLAYERS IN NORTH AMERICA 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: NORTH AMERICA FITNESS EQUIPMENT MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
FIGURE 6: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA FITNESS EQUIPMENT MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2020
FIGURE 10: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY ONLINE, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OFFLINE, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA FITNESS EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 13: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HOME, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY APARTMENT, 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HOTEL, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2021-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA FITNESS EQUIPMENT MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
FIGURE 20: UNITED STATES FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 21: CANADA FITNESS EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY DRIVERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- 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
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