U.K. fitness equipment market size was estimated at USD _43.7 million in 2020 and is forecast to reach USD _87.9 million by 2027.
Growth and Trends
The United Kingdom fitness equipment market is likely to grow in the coming years, owing to a high prevalence of obesity and increase in health consciousness which have increased the adoption of fitness equipment by the population there. Moreover, the increase in the number of gym memberships, in-home equipment sales, and certain government initiatives to improve public heath boost the adoption of fitness equipment. Increase in the youth population and improvement in lifestyle are anticipated to ensure the overall market growth. As the features of fitness equipment consist of machines and advanced monitoring devices, which are required for performing physical exercises, further fuels the demand for them same. The end results offered by the use of fitness equipment in the form of weight management, development of physical stamina, and improvement of muscular strength, thus replacing medical treatment that is highly expensive in the United Kingdom, the demand for these advanced equipment is most likely to be bolstered. Official spaces also have begun to include commercial fitness equipment—treadmills, stair climbers, weightlifting machines, and stationary bicycles—for encouraging fitness among their employees. The obese population are major demand generators for cardiovascular equipment for weight management. Further, the number of fitness centres at super specialty hospitals have also increased owing to the supportive measures undertaken by the government to promote awareness of the importance of maintaining physical fitness, further bolstering the demand for fitness equipment in the country.
The trend of fitness equipment resale is a factor restricting the growth of the United Kingdom fitness equipment market. However, sustained demand from health clubs would stabilize the overall growth of its fitness equipment market to the extent that the United Kingdom may continue to dominate the market. Another constraint limiting the growth opportunity for the market is the high price of the equipment.
The overall consumption of exercise equipment is on a continuous, but steady rise all around the world, this should come as no surprise to any of us, considering the growing awareness about health and healthy living. With a projected Compound Annual Growth Rate of approximately 6% in European countries alone, it does not take a genius to figure just how lucrative this gap in the market could be in the near future.
With a big market, estimated at 11.5 billion Dollars in 2019, the demand for fitness equipment continues to rise steadily at a rate of 6.5% per annum from the base year 2019. The spike in demand for exercise equipment in the United Kingdom can be attributable to the health-conscious consumer whose main concern is moving away from a lethargically sedimentary lifestyle with little to no physical activity. With the rise in obesity, illnesses related to obesity, and an increased mortality rate, the fitness equipment market all over the world is seen as the next best solution to alleviate the devastating impact that an unhealthy lifestyle brings.
Fitness equipment is any machinery that is used in the management of weight, builds muscle, and improves stamina. The most popular article of equipment in the United Kingdom is the treadmill, closely followed by stationary bicycles. There has also been an increase in cardiovascular exercise equipment globally; this machinery is anything that raises the heart rate. This kind of equipment includes stair mills, weight lifting machinery, rowing machinery, and treadmills.
Busy lifestyles and hectic schedules have opened up a relatively new market in the fitness and exercise market in the United Kingdom, which is the home exercise equipment market. Home exercise, as the name clearly indicates, is working out at home and foregoing the exercise of leaving home just to work out at a gym. More and more people are increasingly evaluating the convenience of a home gym because there are no monthly fees, the gym is in your house, so there becomes a lesser need to leave the house, with our already hectic and busy lifestyles, having the gym in our home makes for a more flexible and accommodating schedule.
The fitness equipment industry in the United Kingdom is broken down into three different groups/ segments, namely; the end-user, the type of equipment, as well as the locations of the users of fitness equipment. Looking at the end-user of fitness equipment, this includes all retailers; physical and online that sell the equipment to the customers. The biggest group of end-users in the United Kingdom include hotels, hospitals, gyms, and corporate, as well as private individuals.
The United Kingdom Fitness Equipment Market Share
Top companies operating in the fitness equipment market analysis includes Amer Sports Corporation, Brunswick Corporation, Johnson Health Tech Co., Ltd., ICON Health & Fitness, Inc., Technogym S.p.A, Nautilus, Inc., Impulse (Qingdao) Health Tech Co., Ltd., Core Health and Fitness, LLC, TRUE Fitness Technology, Inc., and Torque Fitness, LLC. Market share analysis of the market will offer revenue and strategic insights of the top 10 companies in the industry.
UK Fitness Equipment Market Segmentation
By Sales Channel
The United Kingdom Fitness Equipment Market Companies
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