According to the stats recorded, the market value of fitness equipment on a worldwide scale was $11.6 billion in 2020. Keeping an eye on the rise in the demand for fitness equipment, the overall market size is expected to reach $19.4 billion by 2027.
First of all, fitness equipment is a collection of machines and devices required to stay fit. Its market is evolving in recent years and there are several factors responsible for that. Several people opting for a healthy lifestyle and taking up measures to stay fit being the top one. The modification of the fitness centers (gyms) and people buying equipment for their homes comes right behind it. In fact, COVID-19 played a huge part that immensely impacted the global market size of fitness equipment repair and services. With gym and fitness clubs shutting down, people began to show concern in staying fit and bought fitness equipment for their home workouts.
The classification of global fitness equipment market size
The global exercise equipment repair and service market has been divided into three parts that are type, end-user, and region. Coming to the first one, that is the type. It consists of cardiovascular, strength training equipment, and other equipment. The cardiovascular training segment includes a treadmill, elliptical, Cybex, etc. The strength training equipment includes free weights and commonly used machines like leg press, shoulder press, cable crossover, etc. The other equipment category consists of devices that help a user to see or track the progress like a monitor and trackers.
When it comes to the end-user segment, this section consists of home users, health clubs, and commercial users. The terms are themselves giving the definition like home users are the ones that buy equipment for their home work out, health clubs will include gyms, fitness centers, etc that provide gym equipment for their clients. The commercial users are hotels, medical centers, and other places where gym equipment is being used.
The fitness equipment market in the USA at a glance:
Even before the pandemic had stricken the world with severe health problems, a majority of Americans were already concerned about their health. Even before the coronavirus pandemic, the total number of gym memberships taken by Americans was more than 60 million. Several people started to take care of themselves and in order to stay fit, they ordered gym equipment online for their workout at home. Also, the demand for leg press machines suddenly went high and several gym owners asked for more machines even if they had a pair already at their centers.
"Gym Doctors" is a firm that provides gym equipment and repair services for several facilities in Northern California. Being active in the business since 1991, you can rely on their services if you need professionals for your treadmill repair or fixing any other equipment. If you need new equipment for your gym, they'll deliver the required machines and equipment for free, install it well, and get rid of your old equipment too. For more information, visit their official website https://www.gymdoc.com/.