Asia-pacific Fitness Equipment Market 2022-2028

Asia-pacific Fitness Equipment Market 2022-2028

MARKET OUTLOOK
Triton Market Research’s report on the Asia-Pacific fitness equipment market suggests that the market is anticipated to advance at a CAGR of 6.55% in value during the forecasted phase 2022-2028. China, India, Australia & New Zealand, South Korea, Japan, ASEAN countries, and Rest of APAC outline the reviewed market in the given region.
India is transforming from an underweight to obese population. As per the Indian Academy of Neurosciences, the incidence rate of obesity in the country is around 40.3%. The rising obese population has highlighted fitness trends across the nation. Additionally, the fitness sector has evolved significantly, owing to the emergence of customers, service and equipment suppliers, and government initiatives. Therefore, the factors mentioned above, along with growing health-consciousness, support the development of the Indian fitness equipment market.
Likewise, obesity levels have surged substantially across South Korea in the past few years. As per the Organization for Economic Co-operation and Development (OECD), approximately 4% of the population is obese in the country. Besides, the country has witnessed a rise in gym memberships, which has influenced the need for fitness gear. Therefore, as mentioned above, these factors actively drive the growth of the fitness equipment market within South Korea.

COMPETITIVE OUTLOOK
Leading companies in the fitness equipment market consist of True Fitness Technology Inc, Nautilus Inc, Johnson Health Tech Co Ltd, Life Fitness, Peloton Interactive Inc, Technogym SPA, Precor Incorporated, and Total Fitness Equipment.