Market by Type, End-user, Distribution Channel, and Country | Forecast 2022-2028
Based on Triton’s research report, the fitness equipment market in Europe is expected to witness a CAGR of 3.78% during the forecasting years from 2022 to 2028.
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The
countries considered in the region comprise:
•
United Kingdom
•
Germany
•
France
•
Spain
•
Italy
•
Russia
•
Rest of Europe
Germany
secures the majority of the market share in Europe. As per estimates, the region’s obese
population increased significantly over the past few years. This rise in
obesity has led to a rise in fitness culture, leading to a surge in gym
memberships. Furthermore, the home workout trends have also gained momentum,
which has fueled the sales of home gym equipment. In this regard, several gyms
and fitness clubs are upgrading their equipment to advanced gear, especially
cardiovascular and resistance equipment. Thus, these are major factors
supporting the fitness equipment market’s development.
As per Robert Koch Institute, around 67% of men
and 53% of women are overweight in Germany, with many crossing obesity levels.
This rise in obesity rates has raised awareness about fitness. Several fitness
clubs are being established in the country. In this regard, Germany has one of
the largest health club industries in the region, generating a high revenue
alongside the United Kingdom. The growth in health clubs amplifies the adoption
of fitness gears, simultaneously contributing to the fitness equipment market’s
growth.
Likewise, the number of gyms and fitness centers
has doubled over the years owing to the booming fitness industry in the UK. As
per estimates, several people are overweight but not obese in the country. This
is mainly on account of rising fitness awareness, leading to a surge in gym
culture. Therefore, the growing gym and fitness club members spearhead the
studied market’s expansion.
Several people are opting for fitness equipment suitable for home settings as it enables them to exercise at their own pace and convenience. Here, compact equipment is generally used as it is designed primarily to fit into the basement, garage, or spare room. The report includes market analysis as per end-user, distribution channel, and type. The type segment is further branched into home, apartment, health club/gym, hotel, corporate office, and others.
The
prominent companies thriving in the market include Total Fitness Equipment,
Johnson Health Tech Co Ltd, Precor Incorporated, Impulse Health Tech Co Ltd,
Gymequip EU, Technogym SPA, and Cybex International Inc.
Technogym SPA is engaged in the recreational
products sector manufacturing fitness equipment. It offers products for
individuals, corporations, fitness centers, hotels, and medical centers. The
company’s product portfolio consists of treadmills, cross trainers, leg
equipment, steppers, weights, bars for cardiovascular training, functional
training gear, and fitness accessories, among others. Technogym has operations
across various regions, with headquarters based in Cesena, Italy.
Technogym and Dior partnered to design a
limited-edition series of fitness products made available in Dior Vibe’s pop-up
stores globally. This new line includes a treadmill, a wellness ball, and a
multifunction bench.
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 Europe 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 EU 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. EUROPE
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. EUROPE
FITNESS EQUIPMENT MARKET OUTLOOK - BY TYPE
3.1. CARDIOVASCULAR
EQUIPMENT
3.2. STRENGTH
TRAINING EQUIPMENT
3.3. OTHER
EQUIPMENT
4. EUROPE
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. EUROPE
FITNESS EQUIPMENT MARKET OUTLOOK - BY DISTRIBUTION CHANNEL
5.1. ONLINE
5.2. OFFLINE
6. EUROPE
FITNESS EQUIPMENT MARKET – REGIONAL OUTLOOK
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. RUSSIA
6.7. REST
OF EUROPE
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: EUROPE 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: EUROPE FITNESS EQUIPMENT
MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: EUROPE FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: EUROPE FITNESS
EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 7: EUROPE FITNESS
EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: EUROPE FITNESS EQUIPMENT MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE
3: EUROPE FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT, 2022-2028 (IN
$ MILLION)
FIGURE
4: EUROPE FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT, 2022-2028
(IN $ MILLION)
FIGURE
5: EUROPE FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2022-2028 (IN $
MILLION)
FIGURE
6: EUROPE FITNESS EQUIPMENT MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE
7: EUROPE FITNESS EQUIPMENT MARKET, BY HOME, 2022-2028 (IN $ MILLION)
FIGURE
8: EUROPE FITNESS EQUIPMENT MARKET, BY APARTMENT, 2022-2028 (IN $ MILLION)
FIGURE
9: EUROPE FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2022-2028 (IN $ MILLION)
FIGURE
10: EUROPE FITNESS EQUIPMENT MARKET, BY HOTEL, 2022-2028 (IN $ MILLION)
FIGURE
11: EUROPE FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2022-2028 (IN $
MILLION)
FIGURE
12: EUROPE FITNESS EQUIPMENT MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE
13: EUROPE FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028
(IN %)
FIGURE
14: EUROPE FITNESS EQUIPMENT MARKET, BY ONLINE, 2022-2028 (IN $ MILLION)
FIGURE
15: EUROPE FITNESS EQUIPMENT MARKET, BY OFFLINE, 2022-2028 (IN $ MILLION)
FIGURE
16: EUROPE FITNESS EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE
17: UNITED KINGDOM FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
18: GERMANY FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
19: FRANCE FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
20: SPAIN FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
21: ITALY FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
22: RUSSIA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
23: REST OF EUROPE FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)