Asia Pacific Fitness Equipment Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Asia Pacific Fitness Equipment Market Size- By Type, By User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Asia Pacific Fitness Equipment Market Size- By Type, By User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: MACH2403 Pages: 1 - 157 Formats*:     
Category : Equipment and Machinery
 Asia-Pacific Fitness Equipment Market Introduction and Overview 

According to SPER Market Research, the Asia-Pacific Fitness Equipment Market is estimated to reach USD 3.48 billion by 2033 with a CAGR of 7.73%.

The report includes an in-depth analysis of the Asia-Pacific Fitness Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. Fitness equipment comprise devices for carrying out physical tasks. In the Asia-Pacific fitness equipment market, treadmills, stair climbers, weightlifting machines, and stationary bicycles are frequently seen pieces of equipment. These devices are all intended for use in various forms of physical exercise and medical care. For instance, cardiovascular tools like stair climbers and treadmills are good for managing weight and enhancing stamina. Strength training tools, on the other hand, are useful for increasing muscle strength.

  • The Bowflex BXT8J treadmill, which offers customers a full fitness solution at an affordable price point, will be available at select online and in-store retail partners starting in September 2022, according to Nautilus, Inc., a leader in home fitness innovation. High-performance cardio is provided by the Bowflex BXT8J treadmill, which also allows users to pair their device with the JRNY adaptive fitness app. This has aided the business in growing its line of products.
  • Johnson Health Tech became the first fitness equipment company to have a wholly-owned subsidiary in India when it announced in June 2022 that it had acquired the fitness division of Cravatex Brands Limited, a former distributor.
Asia-Pacific Fitness Equipment Market
Market Opportunities and Challenges

Opportunities: Increasing Adoption of Smartphones, the Internet, and E-Commerce Platforms
The modern world depends on smartphones for communication, grocery shopping, medical consultations, and self-fitness awareness. A lot of people find it impossible to imagine their lives without smartphones. Instead of working out at gyms and fitness centers, people prefer to get fit at home using comfortable methods. Therefore, by merely using their fitness app, users can receive a diet plan, exercise schedule, and other things. The fitness app serves as a bridge in this way. More people are using smartphones in their daily lives as a result of national technological development and advancement.

Challenges: Modification of Client Preferences The industry has found its savior in digital fitness as more and more people become accustomed to it. As lockdown restrictions loosen, the current boom in digital fitness is likely to fade. People had structure, fitness, a sense of community, and communication thanks to online training during the lockdown. They preserved people's health. Customers will always need online training because they anticipate hybrid offerings in the future. A gym that provides online training is more accessible to members, even though many eventually go back to their typical studio routines. Due to the abundance of fitness options and competitive prices that can be found online, gym patrons are growing more cost-conscious. Furthermore, competition is strong as fitness centers and studios get ready to expand into online and studio spaces in the future.

Asia-Pacific Fitness Equipment Market


Market Competitive Landscape
The competitive landscape of the Asia-Pacific fitness equipment market includes information broken down by rival. Company overview, financials, revenue, market potential, R&D investment, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, pipelines for product trials, approvals, patents, product breadth and breath, application dominance, and technology lifeline curve are all included in the details. Some of the key players are Amer Sports Corporation, Impulse Health Tech Ltd. Co., Shuhua Co. Ltd., Nautilus Inc., Technogym SpA, Brunswick Corporation, ICON Health & Fitness Ltd.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Type, By User
 Regions covered
China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of Asia-Pacific

 Companies CoveredAmer Sports Corporation, Impulse Health Tech Ltd. Co., Shuhua Co. Ltd., Nautilus Inc., Technogym SpA, Brunswick Corporation, ICON Health & Fitness Ltd., Konami Kabushiki Kaisha(Konami Corporation), Johnson HealthTech Ltd., Cybex International Inc.
COVID-19 Impact on Asia-Pacific Fitness Equipment Market
The fitness equipment industry has benefited greatly from the COVID-19 pandemic. Lockdowns and social distancing are two new rules and regulations brought about by the pandemic to stop the virus from spreading. People were compelled to stay at home as a result, which gave rise to new trends like working from home. During the pandemic, there has been a rise in demand for exercise equipment due to the growing popularity of at-home workouts. Following the pandemic, there has been a notable increase in the popularity of fitness apps and platforms due to the heightened focus on self-care, exercise, and health. Furthermore, the pandemic has motivated individuals who are not fitness enthusiasts to prioritize maintaining their health and fitness, which contributes to the growth of the movement.

Key Target Audience:
  • Individual Consumers
  • Commercial Gyms and Fitness Centers
  • Corporate Wellness Programs
  • Healthcare and Rehabilitation Facilities
Our in-depth analysis of the  Asia-Pacific Fitness Equipment Market includes the following segments:
By Type:
  • Cardiovascular Training Equipment
  • Strength Training Equipment
  • By User:
  • Home/Individual Usage
  • Health Clubs/ Gyms
  • Others
  • By Region:
  • China
  • India
  • Japan
  • South Korea
  • Australia and New Zealand
  • Key Topics Covered in the Report:
    • Asia-Pacific Fitness Equipment Market Size (FY’2023-FY’2033)
    • Overview of Asia-Pacific Fitness Equipment Market
    • Segmentation of Asia-Pacific Fitness Equipment Market By Type (Cardiovascular Training Equipment, Strength Training Equipment, Others)
    • Segmentation of Asia-Pacific Fitness Equipment Market By By User (Home/Individual Usage, Health Clubs/ Gyms, Others)
    • Segmentation of Asia-Pacific Fitness Equipment Market By End User (Architectural/Decorative, Automotive, Wood, Protective, General Industries, Transportation, Packaging)
    • Expansion Analysis of Asia-Pacific Fitness Equipment Market
    • Problems and Obstacles in Asia-Pacific Fitness Equipment Market
    • Competitive Landscape in the Asia-Pacific Fitness Equipment Market
    • Impact of COVID-19 and Demonetization on Asia-Pacific Fitness Equipment Market
    • Details on Current Investment in Asia-Pacific Fitness Equipment Market
    • Competitive Analysis of Asia-Pacific Fitness Equipment Market
    • Prominent Players in the Asia-Pacific Fitness Equipment Market
    • SWOT Analysis of Asia-Pacific Fitness Equipment Market
    • Asia-Pacific Fitness Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1.  Introduction
    1.1.  Scope of the report
    1.2.  Market segment analysis

    2.  Research Methodology
    2.1.  Research data source
    2.1.1.  Secondary Data
    2.1.2.  Primary Data
    2.1.3.  SPER’s internal database
    2.1.4.  Premium insight from KOL’s
    2.2.  Market size estimation
    2.2.1.  Top-down and Bottom-up approach
    2.3.  Data triangulation

    3.  Executive Summary

    4.  Market Dynamics
    4.1.  Driver, Restraint, Opportunity and Challenges analysis
    4.1.1.  Drivers
    4.1.2.  Restraints
    4.1.3.  Opportunities
    4.1.4.  Challenges
    4.2.  COVID-19 Impacts of the Asia-Pacific Fitness Equipment Market

    5.  Market variable and outlook
    5.1.  SWOT Analysis
    5.1.1.  Strengths
    5.1.2.  Weaknesses
    5.1.3.  Opportunities
    5.1.4.  Threats
    5.2.  PESTEL Analysis
    5.2.1.  Political Landscape
    5.2.2.  Economic Landscape
    5.2.3.  Social Landscape
    5.2.4.  Technological Landscape
    5.2.5.  Environmental Landscape
    5.2.6.  Legal Landscape
    5.3.  PORTER’s Five Forces 
    5.3.1.  Bargaining power of suppliers
    5.3.2.  Bargaining power of buyers
    5.3.3.  Threat of Substitute
    5.3.4.  Threat of new entrant
    5.3.5.  Competitive rivalry
    5.4.  Heat Map Analysis

    6.  Competitive Landscape
    6.1.  Asia-Pacific Fitness Equipment  Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2.  Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Fitness Equipment  Market 

    7.  Asia-Pacific Fitness Equipment Market, By Type (USD Million)
    7.1.  Asia-Pacific Fitness Equipment Market Value Share and Forecast, By Type, 2023-2033
    7.2.  Cardiovascular Training Equipment
    7.3.  Strength Training Equipment 
    7.4.  Others

    8.  Asia-Pacific Fitness Equipment Market, By User (USD Million)
    8.1.  Asia-Pacific Fitness Equipment Market Value Share and Forecast, By User, 2023-2033
    8.2.  Home/Individual Usage
    8.3.  Health Clubs/ Gyms
    8.4.  Others
     
    9.  Asia-Pacific Fitness Equipment Market Forecast, 2019-2033 (USD Million)
    9.1.  Asia-Pacific Fitness Equipment Market Size and Market Share

    10.  Asia-Pacific Fitness Equipment Market, By Type, 2019-2033 (USD Million)
    10.1.  Asia-Pacific Fitness Equipment Market Size and Market Share By Type (2019-2026)
    10.2.  Asia-Pacific Fitness Equipment Market Size and Market Share By Type (2027-2033)

    11.  Asia-Pacific Fitness Equipment Market, By User, 2019-2033 (USD Million)
    11.1.  Asia-Pacific Fitness Equipment Market Size and Market Share By User (2019-2026)
    11.2.  Asia-Pacific Fitness Equipment Market Size and Market Share By User (2027-2033)

    12.  Asia-Pacific Fitness Equipment Market, By Region, 2019-2033 (USD Million)
    12.1.  Asia-Pacific Fitness Equipment Market Size and Market Share By Region (2019-2026)
    12.2.  Asia-Pacific Fitness Equipment Market Size and Market Share By Region (2027-2033)
    12.3.  China
    12.4.  India
    12.5.  Japan
    12.6.  South Korea
    12.7.  Australia and New Zealand
    12.8.  Indonesia
    12.9.  Thailand
    12.10.  Malaysia
    12.11.  Vietnam
    12.12.  Philippines
    12.13.  Singapore
    12.14.  Rest of Asia-Pacific

    13.   Company Profile
    13.1.  Amer Sports Corporation
    13.1.1.  Company details
    13.1.2.  Financial outlook
    13.1.3.  Product summary 
    13.1.4.  Recent developments
    13.2.  Brunswick Corporation
    13.2.1.  Company details
    13.2.2.  Financial outlook
    13.2.3.  Product summary 
    13.2.4.  Recent developments
    13.3.  Cybex International Inc.
    13.3.1.  Company details
    13.3.2.  Financial outlook
    13.3.3.  Product summary 
    13.3.4.  Recent developments
    13.4.  ICON Health & Fitness Ltd.
    13.4.1.  Company details
    13.4.2.  Financial outlook
    13.4.3.  Product summary 
    13.4.4.  Recent developments
    13.5.  Impulse Health Tech Ltd. Co.
    13.5.1.  Company details
    13.5.2.  Financial outlook
    13.5.3.  Product summary 
    13.5.4.  Recent developments
    13.6.  Johnson HealthTech Ltd.
    13.6.1.  Company details
    13.6.2.  Financial outlook
    13.6.3.  Product summary 
    13.6.4.  Recent developments
    13.7.  Konami Kabushiki Kaisha (Konami Corporation)
    13.7.1.  Company details
    13.7.2.  Financial outlook
    13.7.3.  Product summary 
    13.7.4.  Recent developments
    13.8.  Nautilus Inc.
    13.8.1.  Company details
    13.8.2.  Financial outlook
    13.8.3.  Product summary 
    13.8.4.  Recent developments
    13.9.  Shuhua Co. Ltd.
    13.9.1.  Company details
    13.9.2.  Financial outlook
    13.9.3.  Product summary 
    13.9.4.  Recent developments
    13.10.  Technogym SpA
    13.10.1.  Company details
    13.10.2.  Financial outlook
    13.10.3.  Product summary 
    13.10.4.  Recent developments

    14.  Reference Links

    15.  Conclusion

    16.  Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Asia-Pacific Fitness Equipment Market is projected to reach USD 3.48 billion by 2033, growing at a CAGR of 7.73% during the forecast period.
    Asia-Pacific Fitness Equipment Market size from 2022. The Market is expected to reach USD 3.48 billion by 2033, at a CAGR of 7.73% during the forecast period.
    Asia-Pacific Fitness Equipment Market CAGR of 7.73% during the forecast period.
    Asia-Pacific Fitness Equipment Market size is USD 3.48 billion from 2023 to 2033.
    Asia-Pacific Fitness Equipment Market Segment is covered By Type, By User.
    The Asia-Pacific and Africa is anticipated to have the highest market share in the Asia-Pacific Fitness Equipment Market.
    "The key players in the market include Companies Covered Amer Sports Corporation, Impulse Health Tech Ltd. Co., Shuhua Co. Ltd., Nautilus Inc., Technogym SpA, Brunswick Corporation, ICON Health & Fitness Ltd., Konami Kabushiki Kaisha(Konami Corporation), Johnson HealthTech Ltd., Cybex International Inc."
    A gym that provides online training is more accessible to members, even though many eventually go back to their typical studio routines.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here
    PLACE AN ORDER
    • 15% off
       
      $ 3400
    • 20% off
               
      $ 4520
    • 25% off
           
      $ 5650
    Pre-Purchase Inquiry
    SEND AN INQUIRY
    NEED CUSTOMIZATION?
    Request Customization
    CALL OR EMAIL US
    US:
    India:
    Email:
    100% Secure Payment

    SPER American Express
    SPER VISA
    SPER Master Card
    SPER Mestro
    SPER Paypal
    SPER CCAvenues

    Join Our SPER Panel

    Our Global Clients

    Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC

    SPER

    Market Research

    We are the leading, full-service global market research and consulting company.

    Certificates
    iso-1 iso-1 iso-1 ESOMAR
    Secure Payments
    SPER Payment Options
    Contact HR

     [email protected]

     +91-742-898-5650