Thailand Gym and Fitness Equipment Introduction and Overview
According to SPER Market Research, the Thailand Gym and Fitness Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Thailand Gym and Fitness Equipment Market, including market size and trends, product mix, Applications, and supplier analysis. Any machine or apparatus needed for physical activity to control body weight, increase endurance, and build muscle is considered fitness equipment. Global demand for workout equipment has surged as a result of rising health consciousness. Additionally, it is recommended to exercise while receiving several medical treatments.
Market Opportunities and Challenges
Thailand's gym and fitness equipment sector appears to have a bright future because of opportunities in both home and health clubs. The growing prevalence of obesity and chronic illnesses among the populace, the expansion of corporate wellness initiatives, and public awareness of fitness and healthy living are the main factors propelling this market. Today, the exercise equipment sector is driven by the growing desire for health and fitness. A number of important factors, including increased urbanisation, the rise in obesity and chronic diseases brought on by unhealthy lifestyles, the expansion of corporate wellness initiatives, and demand from a variety of industries, are propelling the growth of the fitness equipment market. In addition, the market's overall expansion is driven by rising demand for minimally invasive and non-invasive surgeries, the ageing population, and rising awareness of the negative effects of rising obesity.
The market for exercise equipment is expanding, but it is being constrained by the introduction of new training programmes and shifting consumer tastes. Certain equipment that is extremely expensive, particularly for middle-class and lower-class people in developing and impoverished nations, serves as a growth inhibitor. With the development of technology, expensive fitness wearables and equipment have become more and more expensive. The initial cost of the exercise equipment and device is directly increased by adding several features, such as improved software, wireless connectivity, tracking of extra vitals, high definition display, and increased power efficiency. The usage of wearable technology by consumers is driving up the cost of fitness and healthcare. Wearable device demand is directly impacted by an increase in application coverage, which drives up the device's price.
Market Competitive Landscape
Prominent companies have increased their market share through product launches and developments, followed by agreements, contracts, partnerships, mergers and acquisitions, expansions, and collaborations. To improve market penetration and strengthen their position in the cutthroat sector, the companies have employed a variety of strategies. The major players in the market include: Core Fitness, Decathlon, HomeFitTools, Nortus Fitness, Super Sports, TechnoGym Showroom, Others.
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 Equipment, By End User
|
| Regions covered | Central Thailand, Eastern Thailand, Northern Thailand, Southern Thailand, Western Thailand
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| Companies Covered | Core Fitness, Decathlon, HomeFitTools, Nortus Fitness, Super Sports, TechnoGym Showroom, Others
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COVID-19 Impact on Thailand Gym and Fitness Equipment Market
There has been some beneficial influence on the exercise gym and fitness equipment sector because to the COVID-19 pandemic. Lockdowns and social separation are two new rules and regulations brought up 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 work from home during the pandemic, there has been a rise in demand for fitness equipment due to the growing popularity of at-home workouts. Following the epidemic, there has been a notable surge in the use of fitness applications and platforms due to the heightened focus on self-care, exercise, and overall wellness. Manufacturers are taking a variety of calculated risks in an effort to recover from COVID-19. The participants are engaged in various research and development endeavours, launching new products, and forming strategic alliances to enhance the technology and outcomes of the tests.
Key Target Audience:
- Fitness Enthusiasts
- Gym Owners and Operators
- Health-conscious Individuals
- Home Gym Users
- Online Shoppers
- Retail Consumers
- Sports Professionals and Athletes
- Others
Our in-depth analysis of the Thailand Gym and Fitness Equipment includes the following segments:
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By Equipment:
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Cardiovascular
Strength Training
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By End User:
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Health Club
Home
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By Region:
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Central Thailand
Eastern Thailand
Northern Thailand
Southern Thailand
Western Thailand
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Key Topics Covered in the Report:
- Thailand Gym and Fitness Equipment Market Size (FY’2023-FY’2033)
- Overview of Thailand Gym and Fitness Equipment Market
- Segmentation of Thailand Gym and Fitness Equipment Market By Equipment (Cardiovascular, Strength Training, Other)
- Segmentation of Thailand Gym and Fitness Equipment Market By End User (Health Club, Home, Others)
- Statistical Snap of Thailand Gym and Fitness Equipment Market
- Expansion Analysis of Thailand Gym and Fitness Equipment Market
- Problems and Obstacles in Thailand Gym and Fitness Equipment Market
- Competitive Landscape in the Thailand Gym and Fitness Equipment Market
- Impact of COVID-19 and Demonetization on Thailand Gym and Fitness Equipment Market
- Details on Current Investment in Thailand Gym and Fitness Equipment Market
- Competitive Analysis of Thailand Gym and Fitness Equipment Market
- Prominent Players in the Thailand Gym and Fitness Equipment Market
- SWOT Analysis of Thailand Gym and Fitness Equipment Market
- Thailand Gym and 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 Thailand Gym and 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. Thailand Gym and Fitness Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Thailand Gym and Fitness Equipment Market
7. Thailand Gym and Fitness Equipment Market, By Equipment (USD Million)
7.1. Thailand Gym and Fitness Equipment Market Value Share and Forecast, By Equipment, 2023-2033
7.2. Cardiovascular
7.3. Strength Training
7.4. Other
8. Thailand Gym and Fitness Equipment Market, By End User (USD Million)
8.1. Thailand Gym and Fitness Equipment Market Value Share and Forecast, By End User, 2023-2033
8.2. Health Club
8.3. Home
8.4. Others
9. Thailand Gym and Fitness Equipment Market Forecast, 2019-2033 (USD Million)
9.1. Thailand Gym and Fitness Equipment Market Size and Market Share
10. Thailand Gym and Fitness Equipment Market, By Equipment, 2019-2033 (USD Million)
10.1. Thailand Gym and Fitness Equipment Market Size and Market Share By Equipment (2019-2026)
10.2. Thailand Gym and Fitness Equipment Market Size and Market Share By Equipment (2027-2033)
11. Thailand Gym and Fitness Equipment Market, By End User, 2019-2033 (USD Million)
11.1. Thailand Gym and Fitness Equipment Market Size and Market Share By End User (2019-2026)
11.2. Thailand Gym and Fitness Equipment Market Size and Market Share By End User (2027-2033)
12. Thailand Gym and Fitness Equipment Market, By Region, 2019-2033 (USD Million)
12.1. Thailand Gym and Fitness Equipment Market Size and Market Share By Region (2019-2026)
12.2. Thailand Gym and Fitness Equipment Market Size and Market Share By Region (2027-2033)
12.3. Central Thailand
12.4. Eastern Thailand
12.5. Northern Thailand
12.6. Southern Thailand
12.7. Western Thailand
13. Company Profile
13.1. Core Fitness
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Decathlon
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. HomeFitTools
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Nortus Fitness
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Super Sports
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. TechnoGym Showroom
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. 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.
