Australia Fitness Equipment Market Overview
According to SPER Market Research, the Australia Fitness Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The fitness equipment market in Australia is a growing industry. With increasing awareness about the importance of physical fitness and health, more and more Australians are investing in fitness equipment for personal or commercial use. The market includes a wide range of products such as treadmills, ellipticals, stationary bikes, strength training equipment, and accessories like fitness trackers, gym mats, and resistance bands.
Exploring the Growth Drivers of the Australia Fitness Equipment Market Industry
The Australia fitness equipment market is being driven by various factors that are contributing to its growth. One of the main growth drivers is the increasing health consciousness and awareness among Australians, which is leading to a rise in demand for fitness equipment. With an increasing focus on physical fitness, more people are looking for ways to stay fit, healthy, and active, and are willing to invest in fitness equipment to achieve their goals. Another key driver is the growing trend of home fitness due to the COVID-19 pandemic. With gyms and fitness centers closed or operating at limited capacity, many Australians have turned to home workouts to stay active. This has led to a surge in demand for home fitness equipment, including treadmills, exercise bikes, and weight-training equipment.
What challenges does the Australia Fitness Equipment Market face?
The fitness equipment market in Australia faces several challenges that could impact its growth and profitability. One of the key challenges is the increasing competition in the market. With more players entering the market, there is a risk of oversupply and price wars, which could lead to lower profit margins for businesses. Other challenges are the cost of fitness equipment, changing consumer preferences and the emergence of new fitness trends could pose a challenge for businesses in the industry, The COVID-19 pandemic has also had a significant impact on the fitness equipment market in Australia.
In what ways has the COVID-19 pandemic affected Australia Fitness Equipment Market?
The COVID-19 pandemic has a major impact on the Australia fitness equipment market. With the closure of gyms and fitness centers due to lockdowns and restrictions, many Australia’s turned to home fitness equipment to stay active and maintain their fitness levels. This led to a surge in demand for fitness equipment that could be used at home, including treadmills, exercise bikes, and weight training equipment. As a result, the sales of home fitness equipment soared, with many retailers and manufacturers reporting a significant increase in sales during the pandemic.
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 Cardiovascular Fitness Equipment, By Strength Fitness Equipment, By End-User.
|
| Regions covered | New South Wales, Queensland, Tasmania, Victoria, Western Australia, Rest of Australia
|
| Companies Covered | Technogym, Life Fitness, Matrix Fitness, Precor, Gymquip Fitness, Aussie Fitness Equipment.
|
Key Target Audience:
- Gyms and fitness centers
- Hotels and resorts
- Corporate wellness programs
- Rehabilitation centers
- Others
Australia Fitness Equipment Market Segmentation:
1. By Type:
- Australia Fitness Equipment Market Value Share and Forecast, By Type, 2023-2033
- Cardiovascular
- Strength
2. By Cardiovascular Fitness Equipment:
- Australia Fitness Equipment Market Value Share and Forecast, By Cardiovascular Fitness Equipment, 2023-2033
- Treadmill
- Stationary bike
- Elliptical trainer
- Rowing machine
- Cross-Country ski
- Stair stepper
3. By Strength Fitness Equipment:
- Australia Fitness Equipment Market Value Share and Forecast, By Strength Fitness Equipment, 2023-2033
- Dumbbells
- Weight plates
- Hydraulic equipment
- Resistance bands & tubes
4. By End User:
- Australia Fitness Equipment Market Value Share and Forecast, By End User, 2023-2033
- Commercial
- Residential
5. By Region:
- New South Wales
- Queensland
- Tasmania
- Victoria
- Western Australia
- Rest of Australia
Key Topics Covered in the Report:
- Australia Fitness Equipment Market Size (FY’2023-FY’2033)
- Overview of the Australia Fitness Equipment Market
- Segmentation of the Australia Fitness Equipment Market By Type (Cardiovascular and Strength)
- Segmentation of the Australia Fitness Equipment Market By Cardiovascular Fitness Equipment (Treadmill, Stationary bike, Elliptical trainer, Rowing machine, Cross-country ski, and Stair stepper)
- Segmentation of the Australia Fitness Equipment Market By Strength Fitness Equipment (Dumbbells, Weight Plates, Hydraulic equipment, Resistance brands & tubes.
- Segmentation of Australia Fitness Equipment Market By End User (Commercial and Residential)
- Statistical Snap of the Australia Fitness Equipment Market
- Growth Analysis of the Australia Fitness Equipment Market
- Problems and Challenges in Australia Fitness Equipment Market
- Competitive Landscape in the Australia Fitness Equipment Market
- Impact of COVID-19 on Australia Fitness Equipment Market
- Details on Recent Investment in the Australia Fitness Equipment Market
- Competitive Analysis of Australia Fitness Equipment Market
- Key Players in the Australia Fitness Equipment Market
- SWOT Analysis of Australia Fitness Equipment Market
- Australia 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 KOLs
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 on the Australia 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. Australia Fitness Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Australia Fitness Equipment Market
7. Australia Fitness Equipment Market, By Type (USD Million)
7.1. Australia Fitness Equipment Market Value Share and Forecast, By Type, 2023-2033
7.2. Cardiovascular
7.3. Strength
8. Australia Fitness Equipment Market, By Cardiovascular Fitness Equipment (USD Million)
8.1. Australia Fitness Equipment Market Value Share and Forecast, By Cardiovascular Fitness Equipment, 2023-2033
8.2. Treadmill
8.3. Stationary bike
8.4. Elliptical trainer
8.5. Rowing machine
8.6. Cross-Country ski
8.7. Stair stepper
9. Australia Fitness Equipment Market, By Strength Fitness Equipment (USD Million)
9.1. Australia Fitness Equipment Market Value Share and Forecast, By Strength Fitness Equipment, 2023-2033
9.2. Dumbbells
9.3. Weight plates
9.4. Hydraulic equipment
9.5. Resistance bands & tubes
10. Australia Fitness Equipment Market, By End User (USD Million)
10.1. Australia Fitness Equipment Market Value Share and Forecast, By End User, 2023-2033
10.2. Commercial
10.3. Residential
11. Australia Fitness Equipment Market Forecast, 2019-2033 (USD Million)
11.1. Australia Fitness Equipment Market Size and Market Share
12. Australia Fitness Equipment Market, By Type, 2019-2033 (USD Million)
12.1. Australia Fitness Equipment Market Size and Market Share By Type (2019-2026)
12.2. Australia Fitness Equipment Market Size and Market Share By Type (2027-2033)
13. Australia Fitness Equipment Market, By Cardiovascular Fitness Equipment, 2019-2033 (USD Million)
13.1. Australia Fitness Equipment Market Size and Market Share By Cardiovascular Fitness Equipment (2019-2026)
13.2. Australia Fitness Equipment Market Size and Market Share By Cardiovascular Fitness Equipment (2027-2033)
14. Australia Fitness Equipment Market, By Strength Fitness Equipment, 2019-2033 (USD Million)
14.1. Australia Fitness Equipment Market Size and Market Share By Strength Fitness Equipment (2019-2026)
14.2. Australia Fitness Equipment Market Size and Market Share By Strength Fitness Equipment (2027-2033)
15. Australia Fitness Equipment Market, By End User, 2019-2033 (USD Million)
15.1. Australia Fitness Equipment Market Size and Market Share By End User (2019-2026)
15.2. Australia Fitness Equipment Market Size and Market Share By End User (2027-2033)
16. Australia Fitness Equipment Market, By Region, 2019-2033 (USD Million)
16.1. Australia Fitness Equipment Market Size and Market Share By Region (2019-2026)
16.2. Australia Fitness Equipment Market Size and Market Share By Region (2027-2033)
16.3. New South Wales
16.4. Queensland
16.5. Tasmania
16.6. Victoria
16.7. Western Australia
16.8. Rest of Australia
17. Company Profile
17.1. Technogym
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Life Fitness
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Matrix Fitness
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Precor
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Gymquip Fitness
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Aussie Fitness Equipment
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. 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.
