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NEW YORK, Dec. 28, 2021 /PRNewswire/ — The “Fitness Equipment Market by Product (cardiovascular training equipment, strength training equipment, and other equipment), End-user (individual users and health clubs and gyms), and Geography (North America, APAC, Europe, MEA, and South America) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the fitness equipment market between 2020 and 2025 is USD 7.71 billion, as per the latest market analysis report from Technavio. The report also identifies the report to witness a decelerating CAGR of 18.52% during the forecast period. Factors influencing the market positively and adversely are also discussed comprehensively in the report.

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

Market Driver
Market Challenges

The increased demand for home fitness equipment and technological advancements in fitness equipment are some of the key market drivers. Consumers are learning to use advanced home fitness equipment via online videos and apps without the need to engage trainers, thus saving on costs. Furthermore, hectic work schedules and an increase in health issues have compelled people to undertake some form of exercise daily to remain healthy and prevent health-related issues, thus increasing the demand for fitness equipment.

However, factors such as high cost of fitness equipment and the availability of counterfeit products will challenge market growth. Consumers find joining health clubs more economical than buying home fitness equipment. Also, some people living in developing countries are more skeptical about spending on health clubs and gym memberships. Furthermore, the presence of several local brands offering counterfeit products in the global fitness equipment market is leading to market fragmentation, thus resulting in issues such as the lack of price standardization, an uneven competitive scenario, and market share erosion.

To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report!

The fitness equipment market report is segmented by Product (cardiovascular training equipment, strength training equipment, and other equipment), End-user (individual users and health clubs and gyms), and Geography (North America, APAC, Europe, MEA, and South America). The fitness equipment market share growth by the cardiovascular training equipment segment will be significant during the forecast period. The cardiovascular training equipment segment includes treadmills, cross-trainers, stationary bikes, and ski machines. Increasing health awareness among consumers is driving the segment’s growth.

North America will be the leading region with 38% of the market’s growth during the forecast period. The US is a key market for fitness equipment in North America. Market growth in this region will be faster than the growth of the market in Europe. The increased prevalence of age-related health conditions will facilitate the fitness equipment market growth in North America over the forecast period.

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Most local residents now have to travel to nonprofit dental clinics in Hawley, Fergus Falls, Park Rapids, Moorhead, Bemidji and Halstad — and even then there’s often a long wait for an appointment, said Jane Neubauer, dental services coordinator with Partnership4Health.

Apple Tree Dental clinic in Hawley has a waiting list of about 1,300 people, while the newly-expanded Apple Tree Dental clinic in Fergus Falls has a waiting list of about 800 people, she said.

Neubauer spoke at separate meetings of the Detroit Lakes City Council and the Becker County Board of Commissioners last week.

There are only five dentists that serve Minnesota health care programs recipients in the entire region, including one that exclusively handles people with special needs, she said.

“It’s a real problem,” she said in an interview. The various mobile dental clinics that come through the Detroit Lakes area just can’t keep up with demand, and travel can be difficult for people without much money.

The need is great: There were more than 11,000 Becker County residents aged zero to 69 enrolled in one of the Minnesota Health Care Programs in 2019, but only about a third of them saw a dentist in 2019.

(The exception is young people ages 6 to 20. Nearly 57% of them received dental care in 2019.)

Neubauer said she is part of a committee that has been meeting to review the dental access problems in the region and working to address them.

“We’ve been talking to Apple Tree Dental and Northern Dental Access (in Bemidji) to see if they are interested in partnering on a building in Detroit Lakes,” she said. “They’re having some discussions about what a combined effort might look like as far as providing services here.”

The next step is to hire a planner to do a feasibility study and a formal business plan, she added. “That will give us some formal structure as to what a building might look like and who would run it.”

She met with the Detroit Lakes and Becker County elected officials to keep them in the loop and ask for their support. “We’re looking for additional stakeholders from the Detroit Lakes community to join us in this planning process,” she said. “We have to get our ducks in a row before we start fundraising.”

The meetings with the city council and county board went well, she said: “The city had some very valid questions about the problem. Overall it was very optimistic and positive. The county was very, very supportive of the idea.”

Minnesota has long had a dismal record of supporting dental care for lower-income people.

According to the Larkin Hoffman law firm, a 2018 study by the Health Policy Institute of the American Dental Association found that Minnesota’s Medicaid program (Medical Assistance) ranked 49th out of 50 states for pediatric dental reimbursement and 47th in adult dental reimbursement.

This year, the Legislature (bolstered by federal stimulus dollars) took strong action, targeting $61 million to boost the state’s MA reimbursement

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Fitness Equipment Market Size to grow by USD 7.71 billion| Increased Demand for Home Fitness Equipment to Boost Market Growth | 17,000+ Technavio Research Reports |

Smile, Detroit Lakes may become home to nonprofit dental clinic