ASIA-PACIFIC FITNESS EQUIPMENT MARKET 2022-2028

Consumer Goods & Services | Personal Care Products

ASIA-PACIFIC FITNESS EQUIPMENT MARKET 2022-2028

Market by Type, End-user, Distribution Channel, and Country | Forecast 2022-2028

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As per Triton Market Research’s report, the Asia-Pacific fitness equipment market is estimated to advance with a CAGR of 6.55% over the forecast period 2022-2028.



 Report scope can be customized per your requirements. Request For Customization

The countries assessed in the given region include:

•         China

•         Japan

•         India

•         South Korea

•         ASEAN Countries

•         Australia & New Zealand

•         Rest of Asia-Pacific

In Asia-Pacific, China captures the largest share in the fitness equipment market. Over the years, the number of obese people has surged across the region, increasing the need for fitness equipment. Further, there has been a growth in fitness influencers that have encouraged consumers to gain interest in fitness routines. The gym culture and fitness awareness are among the other factors stimulating the demand for these gear, thereby driving the studied market’s growth across the region.

China has witnessed significant growth in the obese population in the past few years. As per the National Health Commission, over 50% of adults are categorized overweight, with many falling under the obese group. In this regard, the surge in national health consciousness has fueled the fitness sector. This has ultimately led to a rise in gym memberships and fitness clubs. Fitness influencers have further highlighted fitness trends in the country, simultaneously boosting the fitness equipment market’s growth.

On the other hand, there is a low prevalence of obesity in Japan as people emphasize vegetables, seafood, and soybean products in their diet. The country’s population is heavily focused on improving health standards, leading to a rise in fitness clubs. Hence, these factors are expected to widen the market’s scope and growth in the upcoming years.

Several online channels enable consumers to procure goods from a seller over the internet via ecommerce websites and applications. Through the online distribution channel, ecommerce companies are promoting fitness equipment via social media channels, such as Instagram and Facebook, to gain customer attention. The studied report evaluated the market’s growth based on type, end-user, and distribution channel. The distribution channel is bifurcated into online and offline.

Some of the leading firms in the fitness equipment market consist of iFIT Health and Fitness Inc, Impulse Health Tech Co Ltd, Cybex International Inc, Core Health and Fitness LLC, Heinz Kettler Gmbh and Co KG, and Johnson Health Tech Co Ltd.

Johnson Health Tech Co Ltd is involved in the research, development, design, and sale of cardiopulmonary resuscitation fitness machines, along with weight training machines. The company’s product portfolio entails electric treadmills, vertical and lying exercise bikes, rowing machines, steppers, electric massage chairs, and others. The company is one of the largest fitness manufacturers, with operations across all regions. It is headquartered in Taichung City, Taiwan.

Matrix Fitness, a global brand by Johnson Health Tech, partnered with iFit, a leader in interactive, connected fitness technology, to bring iFit’s platform to its touchscreen fitness portfolio. This collaboration reinforces Matrix’s products and digital solutions in the market.  

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies

     Comprehensive information and estimation of the fitness equipment market revenue growth in the Asia-Pacific and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

    A wide-ranging study of factors that will challenge the APAC fitness equipment market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. ASIA-PACIFIC FITNESS EQUIPMENT MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON FITNESS EQUIPMENT MARKET

2.2. KEY INSIGHTS

2.2.1. RISING ADOPTION OF WEARABLE DEVICES

2.2.2. INCREASING POPULARITY OF HIGH-INTENSITY INTERVAL TRAINING

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. MERGERS & ACQUISITIONS

2.6.2. CONTRACTS & AGREEMENTS

2.6.3. PRODUCT LAUNCHES

2.6.4. EXPANSIONS & DIVESTITURES

2.7. MARKET DRIVERS

2.7.1. GROWING POPULARITY OF FITNESS CULTURE

2.7.2. RISING HEALTH CONSCIOUSNESS DUE TO AN INCREASE IN OBESITY

2.7.3. ADVANTAGES OF FITNESS EQUIPMENT

2.8. MARKET CHALLENGES

2.8.1. INCREASING FRAUDULENT PRODUCTS

2.8.2. COSTLY FITNESS EQUIPMENT

2.9. MARKET OPPORTUNITIES

2.9.1. RISING HOME WORKOUTS

2.9.2. APPLICATIONS OF SMART HOME GYM EQUIPMENT

3. ASIA-PACIFIC FITNESS EQUIPMENT MARKET OUTLOOK - BY TYPE

3.1. CARDIOVASCULAR EQUIPMENT

3.2. STRENGTH TRAINING EQUIPMENT

3.3. OTHER EQUIPMENT

4. ASIA-PACIFIC FITNESS EQUIPMENT MARKET OUTLOOK - BY END-USER

4.1. HOME

4.2. APARTMENT

4.3. HEALTH CLUB/GYM

4.4. HOTEL

4.5. CORPORATE OFFICE

4.6. OTHERS

5. ASIA-PACIFIC FITNESS EQUIPMENT MARKET OUTLOOK - BY DISTRIBUTION CHANNEL

5.1. ONLINE

5.2. OFFLINE

6. ASIA-PACIFIC FITNESS EQUIPMENT MARKET – REGIONAL OUTLOOK

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7. COMPETITIVE LANDSCAPE

7.1. CORE HEALTH AND FITNESS LLC

7.2. CYBEX INTERNATIONAL INC

7.3. GYMEQUIP EU

7.4. HEINZ KETTLER GMBH AND CO KG

7.5. IFIT HEALTH AND FITNESS INC

7.6. IMPULSE HEALTH TECH CO LTD

7.7. JOHNSON HEALTH TECH CO LTD

7.8. LIFE FITNESS

7.9. NAUTILUS INC

7.10. PELOTON INTERACTIVE INC

7.11. PRECOR INCORPORATED

7.12. TECHNOGYM SPA

7.13. TOTAL FITNESS EQUIPMENT

7.14. TRUE FITNESS TECHNOLOGY INC

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: PERCENTAGE OF OBESE ADULTS BY COUNTRY IN 2021

TABLE 4: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY TYPE, 2021 & 2028 (IN %)

FIGURE 3: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY END-USER, 2021 & 2028 (IN %)

FIGURE 7: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY HOME, 2022-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY APARTMENT, 2022-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2022-2028 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY HOTEL, 2022-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2022-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028 (IN %)

FIGURE 14: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY ONLINE, 2022-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, BY OFFLINE, 2022-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC FITNESS EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 17: CHINA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)

FIGURE 18: JAPAN FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)

FIGURE 19: INDIA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: SOUTH KOREA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: ASEAN COUNTRIES FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: AUSTRALIA & NEW ZEALAND FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: REST OF ASIA-PACIFIC FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)

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