Market by Type, End-user, Distribution Channel, and Country | Forecast 2022-2028
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.
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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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VIEW REPORT1. 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
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)
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)