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.
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.
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 covered | By Type, By User
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| Regions covered | China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of Asia-Pacific
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| 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.
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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:
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By Type: |
Cardiovascular Training Equipment
Strength Training Equipment
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|
By User: |
Home/Individual Usage
Health Clubs/ Gyms
Others
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By Region: |
China
India
Japan
South Korea
Australia and New Zealand
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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