Fitness Equipment Services Market Size - By Services (Routine Maintenance, Repair Services, Emergency Services, Part Replacement & Upgrades, Inspection & Safety Checks), By Product Type, By End-user, Forecast 2024 - 2032
Global Fitness Equipment Services Market size is projected to grow at 3.5% CAGR from 2024 to 2032 due to increasing health awareness prompted by the COVID-19 pandemic along with growing investments in home gym equipment and related services. Several companies are expanding their offerings to meet the rising demand for installation, maintenance, and repair of fitness equipment.
With more individuals seeking convenient and reliable fitness solutions and the rising development of innovative services to support and ensure sustained growth, industry will witness sustained growth. For instance, in April 2023, Aditya Birla Health Insurance revealed through a consumer behavior survey that the Covid-19 pandemic and its subsequent variants had catalyzed a shift in healthcare attitudes.
The fitness equipment services industry is segregated into services, product type, end-user, and region.
In terms of services, the emergency services segment is anticipated to experience a notable CAGR from 2024 to 2032 as fitness enthusiasts are prioritizing safety and prompt assistance. Providers are offering on-demand repair and maintenance services to ensure uninterrupted workout routines while implementing innovative solutions, such as remote diagnostics and rapid response teams. These services also play a crucial role in maintaining customer satisfaction and loyalty by delivering swift and effective assistance during equipment malfunctions or emergencies.
By product type, the strength training equipment segment of the fitness equipment services market is projected to achieve significant share by 2032. Gym-goers are increasingly favoring strength training for their numerous health benefits, prompting the surge in demand for equipment like dumbbells, barbells, and weight machines. Service providers are also continuously innovating to meet this demand for offering maintenance, repair, and customization services.
Regionally, the Asia Pacific fitness equipment services market size is projected to exhibit robust growth between 2024 and 2032, driven by rising growth of boutique fitness studios along with the growing number of health-conscious consumers seeking specialized workouts. Simultaneously, fitness centers are expanding their offerings to cater to diverse fitness preferences in the region. The surging popularity of boutique fitness studios will also drive the market growth.
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Suppliers landscape
- 3.2.1 Manufacturers
- 3.2.2 Service providers
- 3.2.3 Retailers & distributors
- 3.2.4 Technology provider
- 3.3 Profit margin
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising health awareness
- 3.8.1.2 Growth in fitness industry
- 3.8.1.3 Technological advancements
- 3.8.1.4 Government initiatives and regulations
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial costs
- 3.8.2.2 Competition from substitutes
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share
- 4.2 Competitive analysis of major market players
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Services, 2021-2032 ($Mn)
- 5.1 Key trends
- 5.2 Routine maintenance
- 5.3 Repair services
- 5.4 Emergency services
- 5.5 Part replacement & upgrades
- 5.6 Inspection & safety checks
- Chapter 6 Market Estimates & Forecast, By Product Type, 2021-2032 ($Mn)
- 6.1 Key trends
- 6.2 Cardiovascular equipment
- 6.2.1 Treadmills
- 6.2.2 Elliptical machines
- 6.2.3 Stationary bikes
- 6.2.4 Others
- 6.3 Strength training equipment
- 6.3.1 Weight machines
- 6.3.2 Resistance equipment
- 6.3.3 Others
- 6.4 Others
- Chapter 7 Market Estimates & Forecast, By End-User, 2021-2032 ($Mn)
- 7.1 Key trends
- 7.2 Health clubs/gyms
- 7.3 Hospitality and leisure
- 7.4 Corporates
- 7.5 Educational institutes
- 7.6 Home Consumer/residential
- 7.6.1 Commercial
- 7.6.1.1 Large apartment buildings
- 7.6.1.2 Condominiums/cooperative apartments
- 7.6.1.3 Multi-family properties
- 7.6.1.4 Others
- 7.6.2 Residential
- 7.6.2.1 Single family homes
- 7.6.2.2 Others
- Chapter 8 Market Estimates & Forecast, By Region, 2021-2032 ($Mn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Netherlands
- 8.3.8 Nordics
- 8.3.9 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Southeast Asia
- 8.4.6 ANZ
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of LATAM
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
- Chapter 9 Company Profiles
- 9.1 BGI Fitness??
- 9.2 Best Buy
- 9.3 Fitnessmith
- 9.4 Fitness Machine Technicians
- 9.5 Fitness Service Centre??
- 9.6 Gym Tech
- 9.7 Global Sports & Fitness??
- 9.8 Heartline Fitness
- 9.9 Limra Fitness Equipment Services??
- 9.10 Lee Fitness??
- 9.11 M D Rahaman Pasha??
- 9.12 Push Pedal Pull
- 9.13 Powerstrex??
- 9.14 ServiceRX??
- 9.15 The Gym Doctor
- 9.16 Treadmill Doctor
- 9.17 V K Fitness Solutions
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