Sport and fitness goods are meant to be used by fitness enthusiast, athletes and fashion aficionados in order to maintain and improve their overall health. There has been significant rise in number of people joining fitness centers with figure stood up to 62 million in United States alone in 2018 and also the country accounts for over 47 billion sporting goods store sales supplementing the growth of sports and fitness goods market. Sport and fitness goods comprises of exercising equipment such as Cardiovascular and Strength Training Equipment. In addition, other physical fitness activities such as racquet sports, skating, swimming and others. Cardiovascular gym equipment is dominating the market owing to increasing prevalence of disease such as diabetes, osteoarthritis, cardiovascular disease as it helps in reducing excess body fat and regulate heart rate.
AMA Research have segmented the market of Global Sports And Fitness Goods market by Type, Application and Region. On the basis of Type, Cardiovascular Training Equipment are dominating the market in the year 2020
On the basis of geography, the market of Sports And Fitness Goods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Growing Awareness for Weight Management Owing to Rise in Number of Obese Population
Increasing Number of Fitness and Sport Clubs and Rising Sport Culture and Fashion Industry Coupled With Favorable Government Initiatives
Growing Acceptance in Millennials and Growing Inclination towards Healthy Living
- Dominance of Local Players
- Rising Raw Material Cost
In addition to the aforementioned factor, Increasing Number of Fitness and Sport Clubs
is expected to propel the growth of the market over the forecast period.
The sports and fitness goods market is fragmented owing to presence of numerous players. Attractive marketing strategies and rise in awareness for fitness anticipated to offer lucrative growth prospects for the global sports and fitness goods market.
The key Vendors profiled in the study are 24 Hour Fitness USA, Inc. (United States), CrossFit Inc. (United States), Equinox Holdings, Inc. (United States), Gold’s Gym (United States), Konami Holdings Corporation (Japan), Life Time Fitness, Inc. (United States), Mcfit Global Group Gmbh (Germany), Planet Fitness, Inc. (United States), Town Sports International Holdings Inc., Virgin Active Limited (United Kingdom), Cybex International Inc. (United States), Fitness International LLC (United States), ICON Health & Fitness Inc. (United States) and Torque Fitness LLC (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.