Market by Type, End-user, Distribution Channel, and Country | Forecast 2022-2028
Triton’s research report suggests that the fitness equipment market in North America is set to register revenue growth at a CAGR of 2.13% during the forecast phase 2022-2028.
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The
countries examined in the region consists of:
•
United States
•
Canada
Canada holds the largest market share within the
North American region.
The region’s growth is attributed to the rise in obesity levels, which has
increased awareness of health and fitness. Moreover, the growth in home
workouts due to the pandemic has surged the demand for fitness gear among
people. In this regard, the trend of virtual training has resulted in a rapid
boom in the virtual fitness sector. The convenience and availability of
high-quality trainers online have encouraged consumers to opt for home fitness
equipment. Hence, the growing emphasis on health and rising home workouts are
boosting the fitness equipment market’s growth in the region.
Over the years, the number of obese population
has increased dramatically across Canada. As a result, several people are
opting for home workouts to manage health despite busy schedules. This has led
to a rise in demand for various fitness gear, including smart home gym
equipment. This equipment offers online access to live and on-demand workouts, in
addition to personal tracking and customization. Besides, they can be paired
with smart devices, such as watches, phones, and TV. For instance, Lululemon
Athletica offers smart workout mirrors that display live workout sessions and
more. Such trends are anticipated to widen the scope and growth of the fitness
equipment market.
Strength training equipment is highly in demand as they help perform exercises that are designed to enhance endurance. Weight lifting machines, bars & weights, benches, and racks are some of the examples of strength training gear. Here, the weight machines are restricted to vertical movement and are used to isolate the muscles. The given market report is examined across multiple segments, such as type, end-user, and distribution channel. The type section is categorized into cardiovascular equipment, strength training equipment, and other equipment.
The
renowned companies assessed in the market are Life Fitness, Total Fitness
Equipment, Johnson Health Tech Co Ltd, Nautilus Inc, True Fitness Technology
Inc, iFIT Health, and Fitness Inc.
Life Fitness is among the leading companies in
commercial fitness equipment, game tables, and furnishings. It is engaged in
manufacturing and marketing strength and cardiovascular equipment, game room
furniture, and other accessories. The company’s offerings are under brand names
Life Fitness, Hammer Strength, Cycling Group, and others. Additionally, the
company’s fitness product line includes an elevation series treadmill,
elliptical cross-trainer, and upright exercise bike. With operations across
various countries, Life Fitness is headquartered in Illinois, the United
States.
The company launched a Life Fitness Connect
mobile application integrated with advanced workout tracking abilities, along
with on-demand classes. It offers advanced connectivity with its equipment,
compatible smart wearable, and heart rate monitors to track the sessions.
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 North America 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 NA 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. NORTH
AMERICA 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. INCREASING
HOME WORKOUTS
2.9.2. APPLICATIONS
OF SMART HOME GYM EQUIPMENT
3. NORTH
AMERICA FITNESS EQUIPMENT MARKET OUTLOOK - BY TYPE
3.1. CARDIOVASCULAR
EQUIPMENT
3.2. STRENGTH
TRAINING EQUIPMENT
3.3. OTHER
EQUIPMENT
4. NORTH
AMERICA 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. NORTH
AMERICA FITNESS EQUIPMENT MARKET OUTLOOK - BY DISTRIBUTION CHANNEL
5.1. ONLINE
5.2. OFFLINE
6. NORTH
AMERICA FITNESS EQUIPMENT MARKET – REGIONAL OUTLOOK
6.1. UNITED
STATES
6.2. CANADA
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: NORTH AMERICA 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: NORTH AMERICA FITNESS
EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA FITNESS
EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA FITNESS
EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE
3: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT,
2022-2028 (IN $ MILLION)
FIGURE
4: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT,
2022-2028 (IN $ MILLION)
FIGURE
5: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2022-2028 (IN $ MILLION)
FIGURE
6: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE
7: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HOME, 2022-2028 (IN $ MILLION)
FIGURE
8: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY APARTMENT, 2022-2028 (IN $ MILLION)
FIGURE
9: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2022-2028 (IN $
MILLION)
FIGURE
10: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HOTEL, 2022-2028 (IN $ MILLION)
FIGURE
11: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2022-2028 (IN
$ MILLION)
FIGURE
12: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE
13: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2021 &
2028 (IN %)
FIGURE
14: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY ONLINE, 2022-2028 (IN $ MILLION)
FIGURE
15: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OFFLINE, 2022-2028 (IN $
MILLION)
FIGURE
16: NORTH AMERICA FITNESS EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021 & 2028
(IN %)
FIGURE
17: UNITED STATES FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
18: CANADA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)