Fitness Equipment in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Fitness equipment is a machine or device used for physical exercise to develop muscle strength and manage body weight. Both cardiovascular and strength training fitness equipment are in our scope, however, used fitness equipment is out of our scope.
The South Korean fitness equipment market recorded revenues of $145.4 million in 2023, representing a compound annual growth rate (CAGR) of 7.3% between 2018 and 2023.
The commercial segment accounted for the market's largest proportion in 2023, with total revenues of $99.4 million, equivalent to 68.4% of the market's overall value.
The South Korean market accounted for 3.5% of the Asia-Pacific market in 2023.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the fitness equipment market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the fitness equipment market in South Korea
Leading company profiles reveal details of key fitness equipment market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea fitness equipment market with five year forecasts
Reasons to Buy
What was the size of the South Korea fitness equipment market by value in 2023?
What will be the size of the South Korea fitness equipment market in 2028?
What factors are affecting the strength of competition in the South Korea fitness equipment market?
How has the market performed over the last five years?
What are the main segments that make up South Korea's fitness equipment market?
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
8 Company Profiles
8.1. Technogym SpA
8.2. Coulter Ventures LLC
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
About GlobalData
List of Tables
Table 1: South Korea fitness equipment market value: $ million, 2018-23
Table 2: South Korea fitness equipment market category segmentation: % share, by value, 2018-2023
Table 3: South Korea fitness equipment market category segmentation: $ million, 2018-2023
Table 4: South Korea fitness equipment market geography segmentation: $ million, 2023
Table 5: South Korea fitness equipment market value forecast: $ million, 2023-28
Table 6: Technogym SpA: key facts
Table 7: Technogym SpA: annual financial ratios
Table 8: Technogym SpA: key employees
Table 9: Coulter Ventures LLC: key facts
Table 10: DRAX Co., Ltd: key facts
Table 11: South Korea size of population (million), 2019-23
Table 12: South Korea gdp (constant 2005 prices, $ billion), 2019-23
Table 13: South Korea gdp (current prices, $ billion), 2019-23
Table 14: South Korea inflation, 2019-23
Table 15: South Korea consumer price index (absolute), 2019-23
Table 16: South Korea exchange rate, 2019-23
List of Figures
Figure 1: South Korea fitness equipment market value: $ million, 2018-23
Figure 2: South Korea fitness equipment market category segmentation: $ million, 2018-2023
Figure 3: South Korea fitness equipment market geography segmentation: % share, by value, 2023
Figure 4: South Korea fitness equipment market value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the fitness equipment market in South Korea, 2023
Figure 6: Drivers of buyer power in the fitness equipment market in South Korea, 2023
Figure 7: Drivers of supplier power in the fitness equipment market in South Korea, 2023
Figure 8: Factors influencing the likelihood of new entrants in the fitness equipment market in South Korea, 2023
Figure 9: Factors influencing the threat of substitutes in the fitness equipment market in South Korea, 2023
Figure 10: Drivers of degree of rivalry in the fitness equipment market in South Korea, 2023