Europe Fitness Equipment Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report predicts that the fitness equipment market in Europe will advance at a compound annual growth rate of 3.78% in revenue during 2022-2028. Germany, Russia, Italy, the United Kingdom, Spain, France, and the Rest of Europe form the market in this region.
In France, several people are members of fitness clubs, with a penetration rate of 8.9% of the total population base. Furthermore, low cost took over the majority of fitness centers in the country since the operations were low-cost firms. Additionally, the users are opting to focus on health and wellness, leading to a rise in gym and fitness club memberships. Therefore, the increasing number of fitness centers augments the adoption of fitness gear, thereby driving the overall market’s growth in the country.
On the other hand, Spain has a high population base that is involved in indoor and outdoor fitness routines. This lifestyle is an essential part of the country, resulting in a high number of fitness clubs and gyms. As per the Organization for Economic Co-operation and Development, two out of three men are overweight in the country, which has encouraged users to focus on health-related activities. This growing fitness culture drives the adoption of fitness gear, widening the scope and growth of the fitness equipment market within Spain.
COMPETITIVE OUTLOOK
True Fitness Technology Inc, Cybex International Inc, Johnson Health Tech Co Ltd, Gymequip EU, Total Fitness Equipment, Precor Incorporated, and Impulse Health Tech Co Ltd are some of the well-known companies in the fitness equipment market.
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