Global fitness equipment market size is slated to cross over US$25 billion by 2027, says GMI, Inc. Expanding health concerns and the rise in awareness about physical wellness and appearance, are predicted to augment the fitness equipment industry progression in the forthcoming years. The prevalence of chronic heart diseases worldwide has influenced people to adapt regular physical exercise to their daily routine.

As per the Center for Disease Control and Prevention, heart disease causes more death in most ethnic and radical groups, than any other chronic ailments in the United States. Owing to such escalating health issues, the demand for cardiovascular equipment, that supports heart health, has increased drastically in recent years.

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Stationary exercise bikes induce an aerobic effect, weight loss, caloric burning, and muscle strengthening. On account of these health benefits, along with compactness and easy installation, stationary bikes have proved to be the perfect fitness equipment for in-home exercising. These bikes also help in improving the functions of lungs and heart.

Exercise bikes have witnessed strong demand in recent times, as stringent COVID-19-enforced lockdowns dented the physical activeness of people across the globe. Moreover, the shutdown of fitness clubs, swimming pools, gymnasiums, and others, has positively impacted the adoption of fitness equipment tailor-made for workouts at home.

Home, office, hotel, and health clubs are some major end-users of fitness equipment market. There has been a growing trend of establishing fitness centers among luxury hotels to attract health-conscious visitors. Moreover, to cater to the rising demand for a comprehensive wellness experience from long-term tourists and other guests, hotels extensively invest in deploying fitness centers.

In order to achieve optimum output, the physical wellness of employees and workers is becoming a priority in offices and large corporate houses. To accomplish such objectives, companies are increasingly deploying fitness equipment on their premises. As per a Harvard Study report, more than 80% of large U.S. companies offer physical wellness programs to employees, and the investment in such schemes was estimated at US$3.6 million in 2019.

Asia Pacific fitness equipment market is anticipated to progress at a notable pace in the coming years, owing to the growing awareness about physical health among the large population base and surging number of gymgoers. Moreover, a substantial rise in disposable income of consumers in countries like India, China, and South Korea, has led to a grown investment in fitness equipment, such as treadmills and stationary bikes.

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Asia Pacific has one of the largest young and working populations across the globe. Their stressful lifestyles are expected to encourage them to adopt regular exercise, or avail fitness services, in order to reduce stress levels. The growing inclination towards physical wellness among the large population base is attracting fitness equipment manufacturers to expand their bases in APAC.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology and forecast parameters

1.3    Impact of COVID-19

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    Middle East & Africa

1.4    Data sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Executive Summary

2.1    Fitness equipment market 360⁰ synopsis, 2017 – 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Equipment trends

2.1.4    End-use trends

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