Global Weight Training Benches Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Weight Training Benches Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Weight Training Benches are a kind of benches, which are common weight training equipment, most of which are used for supine bench presses. Weight Training Benches can have a variety of designs: horizontal fixation, tilt fixation, folding fixation, one adjustable part, two or more adjustable parts, fixed rods with racks, etc.

Market Overview:

The latest research study on the global Weight Training Benches market finds that the global Weight Training Benches market reached a value of USD 680.56 million in 2022. It’s expected that the market will achieve USD 761.01 million by 2028, exhibiting a CAGR of 1.88% during the forecast period.

Influence of COVID-19 Outbreak on Weight Training Benches Industry Development

The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Weight Training Benches industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined.

Affected by the epidemic, many countries have imposed controls on domestic traffic and the movement of people, and imposed restrictions on imported goods. This led to varying degrees of logistics interruption, cargo accumulation and transportation delays in the sales process of Weight Training Benches products. This will bring challenges to industry companies.

The downstream demand of Weight Training Benches mainly comes from individual consumers, fitness centers, medical centers, etc. Due to the impact of COVID-19, people are subject to travel restrictions, and the normal operation of fitness centers has been hit hard. Most of the fitness centers are closed, and the demand for Weight Training Benches has decreased. But at the same time, due to the impact of the epidemic, consumers staying at home for a long time, and people's increasing emphasis on health will increase the demand for home weight training benches.

Drivers

As the economy develops and people's income levels increase, people's disposable funds are gradually increasing. People have met their basic needs and their lives have become richer. After the life becomes richer, people will pay more attention to their own physical health, and their health awareness will gradually increase. At the same time, modern people are under tremendous pressure in work and life, and fitness exercises have become one of the ways for people to relax.

In particular, the psychological impact of the epidemic on people has made people pay more attention to their own health, and their fitness awareness has rapidly increased. Under the special conditions of the epidemic, diversified fitness scenarios such as outdoor fitness and home fitness have been established. Whether it is more independent outdoor/home fitness or increasing the frequency of gym usage, it will directly or indirectly drive the growth of the Weight Training Benches industry. In addition, the government has increased the construction of public fitness venues, including sports parks, national fitness centers, public sports venues and other fitness venues, which has increased the demand for Weight Training Benches. All in all, the improvement of people's health awareness has increased the demand for Weight Training Benches and promoted the development of the market.

Challenges

Brand influence is the main factor for customers to choose sports equipment. Brand influence refers to the brand's ability to open up the market, occupy the market, and obtain profit. Brand influence has become an important factor influencing customers to choose Weight Training Benches.

In the Weight Training Benches industry, for downstream customers such as individuals, medical centers, and fitness centers, brand influence will largely determine their choice of suppliers. Downstream customers will choose big brands when choosing products, and tend to have better quality and service guarantees from big brands. Industry companies need to improve their own good product quality and delivery capabilities, win continuous recognition of the company's brand from downstream customers, and achieve long-term cooperation and coordinated development. How to expand brand influence will be a challenge faced by industry companies.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Life Fitness, Decathlon, Technogym with the revenue market share of 14.66%, 11.10%, 9.60% in 2020.

Life Fitness is a global leader in helping people lead active and healthy lives. The Life Fitness series of brands encourage a full range of active lifestyles, including Life Fitness, Hammer Strength, Cybex and ICG.

Decathlon is a French sporting goods retailer. It is the largest sporting goods retailer in the world.

The company manages the research, design, production, logistics and distribution of its products in house; partners with global suppliers; and markets their own brands directly to consumers in Decathlon-branded big-box stores.

Segmentation Overview:

By type, Flat Weight Benches segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Fitness Centers segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Weight Training Benches market covered in Chapter 3:

CAP Barbell
SALTER
Torque Fitness
Technogym
Impulse Health Tech
Decathlon
Precor
Icon Health & Fitness
Matrix Fitness (Johnson Health Tech)
Life Fitness
Tunturi New Fitness
Core Health & Fitness
True Fitness Technology
HOIST Fitness

In Chapter 4 and Chapter 14.2, on the basis of types, the Weight Training Benches market from 2018 to 2029 is primarily split into:

Flat Weight Benches
Adjustable Weight Benches
Olympic Weight Benches
Folding Weight Benches
Abdominal Weight Benches

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Weight Training Benches market from 2018 to 2029 covers:

Household
Fitness Centers
Public Facilities
Medical Centers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)