Allied Market

PORTLAND, OREGON, UNITED STATES, September 23, 2022 /EINPresswire.com/ -- According to a new report by Allied Market Research titled, “Europe Fitness Equipment Market Size “, the European fitness equipment market is expected to reach $3.7 billion by 2022, registering a CAGR of 3.0% during 2016 to 2022. The U.K. is the largest fitness equipment market in Europe, followed by Germany. Increasing obese population would be the key growth propellant of the fitness equipment market in the European region.

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Increasing adoption of fitness exercises significantly contributes to the growth of the fitness equipment industry across the European region. The obese population are the major users of cardiovascular equipment for weight management. In addition, increased awareness about fitness and its related health benefits drives the adoption of fitness equipment, especially through gym memberships and in-home equipment sales. Initiatives, such as corporate wellness programs, contribute to the growth of the fitness equipment market. Further, the number of fitness centers at super specialty hospitals have increased due to the supportive government measures to promote health awareness, thereby further supplementing the demand of fitness equipment. The trend of fitness equipment resales is quite evident, which is a major factor restricting the growth of the Europe fitness equipment market. However, increasing demand from health clubs would ensure the overall growth of the Europe fitness equipment market.

The European fitness equipment market size is expected to witness a steady growth in the coming years. Increased health and fitness awareness especially among obese population is the key factor driving the market in Europe. The number of fitness centers has increased at various places such as hotels, hospitals, and enterprises. Government agencies in this region have invested in fitness facilities, which would eventually drive the fitness equipment market. In addition, numerous companies in this region have invested heavily in wellness programs to improve the health of their employees.

The number of fitness centers in Europe has spiraled in the last few years, leading to significant adoption of fitness equipment across health clubs. Renovation of fitness facilities at fitness centers would create lucrative opportunities for the market players. The geriatric population in countries, such as Germany, prefer exercising at home rather than going to fitness facilities such as health club or gym. Cardiovascular fitness equipment would continue to dominate the market during the forecast period, owing to their increasing adoption among end-users, especially the geriatric population.

Fitness trackers & monitors have gained substantial market in countries such as the U.K. and France. Further, it is gradually gaining acceptance among people in other countries of Europe. Among the end user segments of fitness equipment, home/individual users significantly drive the growth of the market, favored by increasing adoption due to growing fitness consciousness, particularly in Germany and France. The geriatric population in Germany prefer exercising at home, which boosts the cardiovascular fitness equipment market within the home user segment.

The European fitness equipment market size is expected to witness a steady growth in the coming years. Increased health and fitness awareness especially among obese population is the key factor driving the market in Europe. The number of fitness centers has increased at various places such as hotels, hospitals, and enterprises. Government agencies in this region have invested in fitness facilities, which would eventually drive the fitness equipment market. In addition, numerous companies in this region have invested heavily in wellness programs to improve the health of their employees.

The number of fitness centers in Europe has spiraled in the last few years, leading to significant adoption of fitness equipment across health clubs. Renovation of fitness facilities at fitness centers would create lucrative opportunities for the market players. The geriatric population in countries, such as Germany, prefer exercising at home rather than going to fitness facilities such as health club or gym. Cardiovascular fitness equipment would continue to dominate the market during the forecast period, owing to their increasing adoption among end-users, especially the geriatric population. Several corporate companies have set up fitness centers at their premises to enhance their value offerings and improve the health of their employees. Government in this region have taken proactive measures to launch effective and timely healthcare programs, which would create a favorable environment for the fitness equipment market in this region.

Key findings of the study:

The U.K. would continue to dominate the market, accounting for more than one-fifths of the market size in 2022.
The market in France is dominated by home users; on contrary, health club segment leads the market in Germany
The cardiovascular equipment segment accounted for largest, i.e., more than 54% share of the market in 2015, and is projected to maintain this trend throughout the forecast period
The adoption of fitness equipment by home users is estimated to grow at a CAGR of 4.3% during the forecast period particularly due to growing fitness consciousness among geriatric population.

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Key players in the market include Amer Sports Corporation, Nautilus, Inc., Brunswick Corp., Johnson Health Tech Ltd., Cybex International, Inc., ICON Health & Fitness, Inc., Technogym SpA, Tuntari New Fitness B.V., Exigo, Kettler (GB) Limited, and Torque Fitness LLC. The operating players in the market have majorly adopted product launch and partnership strategies to sustain the stiff competition the market. The market growth can be attributed to innovative product launches and increasing collaborations between fitness equipment vendors and health clubs/gym owners. The need to improve the infrastructural offerings by gym owners considerably supplements the demand for fitness equipment.

Related Report :-
Gym Accessories Market : https://www.alliedmarketresearch.com/gym-accessories-market-A16938
Outdoor Fitness Equipment Market : https://www.alliedmarketresearch.com/outdoor-fitness-equipment-market-A16177
Connected Gym Equipment Market : https://www.alliedmarketresearch.com/connected-gym-equipment-market
Diving Equipment Market : https://www.alliedmarketresearch.com/diving-equipment-market

Source ;- https://www.dailyreportsworld.com

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