Fitness Equipment Market is expected to garner $14,201 million by 2025. Asia-Pacific is expected to witness the fastest growth, owing to increasing demand from developing countries such as India and China.
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Based on region, the market is studied across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Portugal, Benelux, and rest of Europe), Asia-Pacific (Japan, Korea, China, India, Hong Kong, Indonesia, Vietnam, Australia, Malaysia, and rest of Asia-Pacific), and Latin America, Middle East & Africa (LAMEA ‐ Brazil, and rest of Latin America). North America continues to be the market leader throughout the analysis period of 2017‐2025. Asia-Pacific is expected to grow at the highest CAGR during the forecast period on account of the increasing demand and a larger youth population base in the region. Australia had 3,351 health clubs with total number of memberships in the range of 3.4‐3.5 million in 2014. High prevalence of sports culture, increase in health consciousness, and rise in expenditure on fitness are the factors expected to propel the growth of the fitness equipment market in the country.
The key players profiled in the report are ICON Health & Fitness, Inc.; Brunswick Corporation, Johnson Health Tech Co. Ltd.; Technogym S.p.A., Amer Sports Corporation, Nautilus, Inc.; Core Health and Fitness LLC, TRUE Fitness Technology Inc.; Impulse (Qingdao) Health Tech Co. Ltd.; and Torque Fitness LLC.