DUBLIN–(BUSINESS WIRE)–The “Europe Fitness Equipment (Cardiovascular & Strength) Market Outlook, 2027” report has been added to ResearchAndMarkets.com’s offering.
This report provides an all-round analysis of Europe’s fitness equipment market with the historical and forecasted performance of its segments. The Europe fitness equipment market was valued at around USD 3 Billion in 2021 which is anticipated to register CAGR of nearly 5% for 2022-2027.
Europe is the second biggest market in the fitness equipment category, which has been majorly driven by higher member penetration in health & fitness clubs. European countries have the trend of larger gyms, and lower prices have attracted several consumers. It has led to increased procurement of quality & premium fitness equipment posed as a major factor market’s growth.
Moreover, the emergence of the equipment manufacturing companies like Core Health & Fitness, Johnson Health Tech, Exigo, Torque fitness LLC, and others as a leading B2B manufacturing company. Health and fitness clubs the major revenue generator have been very attractive for the investors. Increasing adoption of fitness exercises significantly contributes to the growth of the fitness equipment industry across the European region. The obese population is the major users of cardiovascular equipment for weight management.
In addition, increased awareness about fitness and its related health benefits drives the adoption of fitness equipment, especially through gym memberships and in-home equipment sales. Initiatives, such as corporate wellness programs, contribute to the growth of the fitness equipment market. Further, the number of fitness centers at super specialty hospitals have increased due to the supportive government measures to promote health awareness, thereby further supplementing the demand of fitness equipment.
The European fitness equipment market has been driven by the revenue generated from the top five economies of Germany, the United Kingdom, France, Italy, and Spain. Out of which the United Kingdom, Germany & France are the major revenue generator which combines generated around 48% of the revenue for the year 2021.
Other than this, Spain, Italy & the rest of Europe have been a considerable contributor to the region’s fitness equipment market. Most of the countries in the European nation have been engaged in sports and outdoor fitness which have given rise to the trend of functional, free weight, resistance, cross-fit, etc. forms of cardio plus strength endurance training.
Cardiovascular fitness routines are a highly preferred form of training practice in Europe weather in gyms or at home. Attraction towards aerobic exercises along with the growing concern related to obesity has let the consumers move towards cardiovascular fitness. However, strength training has observed attraction from the consumers with the involvement of innovative forms of training like cross fit, body weight.
The increase in concern of people about living an overall healthy lifestyle and physical fitness to get relief from disease such as diabetics, heart attacks, fluctuations in blood pressure, arthritis and others have led to increase in demand for different fitness equipment such as strength training equipment which helps an individual to build muscle endurance with strong strength and stamina.
Cardiovascular training equipment helps to strengthen the heart and lungs, which helps in minimizing heart diseases, boosting the respiratory system. Fitness monitoring equipment is a wearable device for heart rate monitoring, blood-oxygen monitoring, measuring calorie burn, sleep tracking and others. The wearable devices provide real-time statistics for an individual’s body as total calorie burn; heart rate has led to an increase in the fitness equipment market.
According to the report, Spain has recorded the fastest growth as the market in the country has been emerging with innovations. Spain has a high population base that is involved in indoor and outdoor fitness routines. Some of the innovations in its business model include specialist clubs or boutiques: small facilities where members pay per visit. The market has been uplifted with the emergence of key domestic low-cost chains such as Altafit, VivaGym, Salter, Yorksfitness, Bodytone, etc. as well as with the leading international operator’s Anytime Fitness, Mcfit Global Group, and Basic-Fit. Such emerging facilities and influx of companies in the market will let the fitness equipment market growth of Spain to witness significant rise.
Major companies in the market
Icon Health & Fitness Inc, Life Fitness, Johnson Health Tech Co. Ltd, Nautilus INC, Technogym S.P.A, Amer Sports Corporation, Core Health & Fitness LLC, Precor Incorporated, Tuntari New Fitness B.V, Exigo, Body Solid Europe, Rough Fitness, SportsArt Fitness, Inc., BFT Fitness
Considered in the report
- Geography: Europe
- Base year: 2021
- Historical year: 2016
- Estimated year: 2022
- Forecasted year: 2027
Segments covered in the market
By Cardiovascular fitness equipment
- Stationary bike
- Elliptical trainer
- Rowing machine
- Cross Country ski
- Stair stepper
By Strength fitness equipment
- Weight plates
- Hydraulic equipment
- Resistance band & tubes
For more information about this report visit https://www.researchandmarkets.com/r/z4gfb0