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The fitness industry growth has skyrocketed over the past years. read more about the fitness equipment market trends and key highlights in the global market.
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GlobalMarketStudyontheFitnessEquipmentTrends Withthegenerationofover$80billioninrevenueeachyear,thefitnessindustrygrowthhasskyrocketedoverthepastyears.Thisissupportedbytherisinghealthconsciousnessamongpeople.Moreover,thesectorhasevolvedsignificantlyfromgymmembershipstofitnessclubstohomeworkouttrends.Asaresult,franchisesareupgradingtheirfitnessequipmenttomodernsportsgear,includingsmartfitnessequipment. Consideringthegrowingsocialmediainfluence,consumersareexposedtocommercialadsthatlaydownthephysicalandmentalbenefitsoffitnessasalifestylechoice.Asaresult,gymculturehasbecomeagetawaytoreleasestressamongpeopleexposedtohigh-pacedworkingenvironments.Infact,thegrowingobesitylevelsduetohigh-calorieconsumptionhaveimpactedpopulationsacrossNorthAmerica,Europe,andtheAsia-Pacificimmensely.Forinstance,asperWHO,theglobalobesitylevelshavetripledsince1975. • FitnessEquipmentMarket:KeyHighlights • Theglobal fitness equipment marketisexpectedtoriseataCAGRof3.95%duringtheforecastperiod2022-2028. • Ourstudyestimatesthemarkettogeneratearevenueworth$13.61billionbytheyear2028. • Giventhehighrisksassociatedwithobesity,includingcardiovasculardiseases,thedemandforfitnessequipmenthassoaredtremendouslyacrossgyms,offices,homesettings,andotherfacilities.
Healthclub/gymcapturesthehighestshareintheend-usersegment.Newhealthclubsarelaunchingsnackbars,memberlounges,equipment,andnutritioncounselingtoattractnewmembers.Healthclub/gymcapturesthehighestshareintheend-usersegment.Newhealthclubsarelaunchingsnackbars,memberlounges,equipment,andnutritioncounselingtoattractnewmembers. • IntheUnitedStates,around36.5%ofadultsareobese,and32.5%areoverweight,accountingformorethantwo-thirdsoftheoveralladultpopulation.Asaresult,thecountry’sfitnessequipmentadoptioninhomeworkoutsettingsandgymshassoaredoverthepastyears. • TheAsia-Pacificisanticipatedtoattainthefastestgrowthinthefitnessequipmentmarket.Thehighobesityrates,withtwooutofeveryfiveadultsbeingobese,andtherisingnumberoffitnessinfluencersaddtothegrowingfitnessequipmentadoption. TrendofSmartandWearableFitness: Inahighlycompetitiveenvironment,fitnessequipmentmanufacturersareconstantlyinnovatingproductstogainacompetitiveedge.Inthisregard,smartgearhasemergedasanadvancedsegmentastheyefficientlymonitorheartrate,logexercises,trackcalories,andenablewatchingtelevision.Thereasonbehindthegrowingpopularityoftechnologyisthegrowingneedfordevicesthatservevariouspurposes. Popularproductsinthesmartfitnessgearssegmentinclude: SmartBikes:Mostindoorbikesareintegratedwithtouchscreentablets,featuringcustomizablefitnessroutines,heartratemonitors,andmore.Severalcompaniesareinnovatinginthissegmenttooffercomfortwithaccuratetrainingtousers.Forinstance,PelotonInteractiveIncoffersa21.5inchHDtouchscreencompatiblewithsmartwatches,heartratemonitors,andotherconnecteddevices. SmartMirrors:Similartoregularmirrors,thesesmartmirrorsareeasytoinstallandarecompact.Integratedwithsensors,cameras,andelectronicdisplays,thesemirrorsoperateasanextensionofmobiledevices,enablinguserstobrowsesocialmedia,trackhealth,andgetvideoworkoutsessions.Thesedeviceshavegainedsignificanttractioninthefitnessaswellasretailindustry,compellingcompaniestoincludeadvancedfeatures.LululemonAthletica,forinstance,offerssmartmirrorsthatcanbeinstalledontheflatwall,displaysliveworkoutsessions,andmonitorstheusertoofferpersonalizedrecommendations.Googlealsointroducedapatentapplicationforsmartmirrorsthatemploysopticalsensorstomonitoranindividual’scardiovascularhealthbytrackingchangesinappearances. SmartEllipticalTrainers:Ellipticalmachinesareamongthemostpopularfitnessequipmentastheyhelpusersworkonvariousmusclesatagiventime,includingglutes,hipflexors,andquadriceps.Eventhoughitisalow-impactmachine,numerousfitnessequipmentmanufacturersaredevelopingellipticalsforhigh-intensitytraining.NautilusisonesuchcompanythatoffersBowflexMaxTrainerM9,ahybridellipticaltrainerandstepclimber.Itisinstalledwitha10-inchinteractiveinterface,20resistancesettings,andfourgriphandlebars.
4.FitnessWatches:Similartomosttechnologies,thesmartwearabletrendisdrivenbyconstantinnovation.Smartwatchesaregainingsignificanttractionbymeasuringstepcount,intensity,stresslevels,sleeppatterns,andevenbloodoxygenlevels.Amongtheusers,around48%ofusersaremillennials,followedbyapproximately36%Gen-X.Estimatesalsosuggestthataround80%ofpeoplestatedthatfitnesstrackershadimprovedtheiroverallhealthandperformance.InOctober2021,WithingsintroducedtheScanWatchHorizoncomprisingarangeoffeatures,includingheartrate,ECG,bloodoxygenlevels,andothers.4.FitnessWatches:Similartomosttechnologies,thesmartwearabletrendisdrivenbyconstantinnovation.Smartwatchesaregainingsignificanttractionbymeasuringstepcount,intensity,stresslevels,sleeppatterns,andevenbloodoxygenlevels.Amongtheusers,around48%ofusersaremillennials,followedbyapproximately36%Gen-X.Estimatesalsosuggestthataround80%ofpeoplestatedthatfitnesstrackershadimprovedtheiroverallhealthandperformance.InOctober2021,WithingsintroducedtheScanWatchHorizoncomprisingarangeoffeatures,includingheartrate,ECG,bloodoxygenlevels,andothers. WorkoutfromHome:AleapintoVirtualFitness Whilehealth-consciousnessandobesityrateshavemotivateduserstooptforfitnesssolutions,technologicaltrendsareexpectedtoupholdtheirinterest.MetaverseisonesuchdevelopmentthatwillenablefitnessenthusiaststopursuetheirgoalwithadvancedworkoutgamessupportedbyVRandARtechnologies. Needlesstosay,diversityinequipmentpushesusers’ desires.Thus,thefutureofthefitnessequipmentmarketislikelytoshinewiththecollaborationbetweenofflineestablishmentsandonlinecompaniestofulfilltheever-growingtrendofvirtualfitness.