Refurbished Fitness Equipment Global Market Report 2022: Growing Trend of Home Gyms Presents Opportunities
Refurbished Fitness Equipment Market
Dublin, March 03, 2023 (GLOBE NEWSWIRE) -- The "Refurbished Fitness Equipment Market by Type, End-user, Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
According to the report the refurbished fitness equipment market was valued at $1.1 billion in 2021, and is estimated to reach $1.9 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.
Key factors driving the growth of the refurbished fitness equipment market include rise in health awareness among consumers, increase in the number of gyms and fitness clubs, lower costs of refurbished fitness equipment. In recent years, hectic schedules and work pressure have made the human body vulnerable to a variety of health problems.
Increasing health-related risks put pressure on consumers to live an active, balanced, and healthy lifestyle, which leads to an increase in the adoption of fitness and sports routines, as well as fitness equipment. The refurbished fitness equipment market is being driven by a rise in health awareness and a desire for an active and healthy lifestyle around the world.
Increased health risks have resulted from sedentary lifestyles and dietary changes. As a result, increased awareness of the importance of regular physical activity in maintaining a healthy lifestyle boosts the growth of the refurbished fitness equipment market, particularly in the residential sector.
The market also offers growth opportunities to the key players in the market. With the increasing consumer awareness regarding health and well-being, many consumers have started incorporating gyms and fitness centers into their daily routines. However, many consumers find it difficult to visit such establishments on a daily basis due to several reasons such as lack of time due to hectic lifestyles, long distances between home & centers, opposing time schedules and more.
Owing to such reasons, many consumers are making their own gyms at home. This is especially prevalent in North America and Europe where consumers possess stand-alone homes with enough space to build their own gyms. Several apartment complexes and residential buildings have started building their own gyms to provide their residents with health facilities. This trend can help provide several growth opportunities in the market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the refurbished fitness equipment market analysis from 2021 to 2031 to identify the prevailing refurbished fitness equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the refurbished fitness equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global refurbished fitness equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
Weight Training Equipment
Upper body machines
Lower body machines
By End User
By Distribution Channel
Rest of Europe
Rest of Asia-Pacific
Key Market Players
USA Fitness Equipment Depot
FITLINE INDIA PVT. LTD
AME Fit Equipment
Origin Fitness Ltd.
THINK Fitness Co., Ltd.
Pro Gym Supply, Inc.
Best Used Gym Equipment
Johnson Health Tech. Co,Ltd.
Fitness Superstore, Inc.
GLOBAL FITNESS, INC.
UK Gym Equipment Ltd.
FitKit UK Ltd
Key Market Insights
By type, the cardio equipment segment dominated the market in 2021 and the weight training equipment is likely to have the highest growth during the forecast period.
By end user, the commercial segment is anticipated to be the fastest-growing segment during the forecast period.
By distribution channel, online channels had the highest market share in 2021 and are also expected to have the highest growth during the forecast period.
No. of Pages
2021 - 2031
Estimated Market Value (USD) in 2021
Forecasted Market Value (USD) by 2031
Compound Annual Growth Rate
For more information about this report visit https://www.researchandmarkets.com/r/8kzvma
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