APAC Fitness Equipment Market is Projected to Register a Healthy CAGR of 6.7 % iThe market insights of APAC Fitness Equipment Market report helps businesses obtain granular level clarity on current business trends and expected future developments. For this, market data is broken down in a systematic process to highlight focus areas of client’s interest. For producing such excellent market research report, principal attributes such as highest level of spirit, practical solutions, dedicated research and analysis, innovation, talent solutions, integrated approaches, most advanced technology and commitment plays a key role. A numerous markets, marketing strategies, trends, future products and rising opportunities have been considered while studying market for preparing this APAC Fitness Equipment Market.
Asia-Pacific fitness equipment market is expected to reach USD 5,154.34 million by 2025 from USD 3,096.59 million in 2017, at a CAGR of 6.7% in the forecast period 2018 to 2025.
Market Segmentation: APAC Fitness Equipment Market
- The Asia-Pacific fitness equipment market is segmented on the basis of resin type, industry and geography. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
- The Asia-Pacific fitness equipment market is segmented based on type into four notable segments; body composition analyzers, fitness monitoring equipment, cardiovascular training equipment and strength training equipment. The cardiovascular training equipment segment is sub segmented into treadmills, elliptical trainers, stationery cycles, rowing machines, stair steppers and others. The strength training equipment segment is sub segmented into single stations, plate loaded equipment, free weights, benches & racks, multistations and, accessories. The Asia-Pacific fitness equipment market is dominated by cardiovascular training equipment with 68.6% market share in 2018, growing with the highest CAGR of 7.3% in the forecast period.
- The market is segmented into ten major countries, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific.
Key Drivers: APAC Fitness Equipment Market
Some of the major factors driving the market for Asia-Pacific fitness equipment market are as rising incidences of the chronic diseases, and increasing health insurance. These factors demand the fitness equipment which boosts the market growth.
- Increasing demand of resale (used and refurbished) of fitness equipment may hinder the growth of the market.
- Many companies are increasingly focusing on technological advancement of fitness equipment in order to strengthen their product portfolios in the fitness equipment market.
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Key Points: APAC Fitness Equipment Market
Brunswick Corporation is going to dominate the Asia-Pacific fitness equipment market following with Technogym S.p.A., Johnson Health Tech. Co., Ltd. and Precor Incorporated. Some of the other players are Omron Healthcare, Inc., GE Healthcare among others.
- The Asia-Pacific cardiovascular training equipment market is expected to reach USD 3,671.70 million by 2025, from USD 2,110.98 million in 2017, growing at a CAGR of 7.3%.
- The health clubs/gym is expected to dominate the fitness equipment market with 45.9% market share, growing at a CAGR 6.3% in the forecast period 2018 to 2025.
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