Fitness Equipment Market is doing warm-ups to pull growth-rich opportunities from the growing obesity rates accompanied by the sedentary lifestyles

 

Fitness equipment is any mechanical device or equipment used in sport or exercise to improve the physical performance or strength of that activity by providing either adjustable or constant levels of force, either of dynamic nature that is immediately available to exert (such as running) or of a static type that requires adjustments (such as a bicycle). Some common types of equipment are treadmills, elliptical machines, step machines, exercise bicycles, recumbent bikes, treadmill monitors, rowing machines, and many more. Fitness equipment is used in gyms and private home fitness facilities as well as public parks and recreational facilities. Fitness equipment for the home is designed to provide low-impact aerobic workouts. Some items are available for rent or sale on the Internet. Rowing machines and exercise bicycles can give an all-over body workout, while Schwinn exercise bicycles can be used to target specific muscles.

Fitness equipment for home gyms can be classified into cardiovascular exercise bikes and rowers. Cardiovascular exercise bikes are designed to give a continuous, low-impact workout. The cardiovascular equipment has two main components including an engine and a flywheel. The flywheel may also include an automatic transmission and gear-changing mechanism.

In July 2021, the U.S. fitness major, iFIT, acquired the fitness platform for women, Sweat, for around US$ 300 million to extend the former’s portfolio in the fitness equipment market. The majority of expensive fitness equipment such as tension knobs and heart rate grips are technically irreparable, which can act as a stumbling block in the expansion of the fitness equipment market.

Contrarily, the fitness equipment market is being driven by an increase in sedentary lifestyles coupled with rising obesity rates. Additionally, the fitness equipment market is also growing on account of an increase in the number of fitness service facilities and providers. Market participants are providing various weight loss plans and offers to gain as many customers as possible.

Among the cluster of regional markets, the fitness equipment market in North America is expanding at a rapid pace on the account of growing client-base at the fitness centers in the presence of major market players. In July 2021, the fitness equipment providing company, Spirit Fitness, opened a 150,000 sq. ft. fitness center in Jonesboro, Arkansas, U.S. to expand the company’s operations in the North America region. Likewise, Asia Pacific is an emerging region for the fitness equipment market on the heels of growing incidences of cardiovascular disorders and increased consumption of junk foods.