Refurbished Fitness Equipment Market to Hit USD 2.12 Bn by 2029: Competitive Landscape, Industry Analysis, Segmentation and Regional Insights
Pune, 26, April 2023: Over the forecast period, Maximize Market Research expects the Refurbished Fitness Equipment Market growth from USD 1.43 Bn in 2022 to USD 2.12 Bn in 2029 at a CAGR of 5.78 percent. The report analyzed by Maximize Market Research, on the Refurbished Fitness Equipment market, covers an extensive regional analysis and competitive landscape.
Refurbished Fitness Equipment Market Scope and Methodology
The Refurbished Fitness Equipment Market report includes current trends and market highlights, assisting clients in exploring lucrative opportunities in the market. The report covers insights into the major drivers, challenges, and major restraints of the Refurbished Fitness Equipment Market. During the forecast period, the report covers market size with estimations and growth rates. To understand market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels.
For a competitive landscape of the Refurbished Fitness Equipment Market, Key players are collected based on several parameters that involve the products and services offered, revenue generated, technological advancements adopted and mergers and acquisitions. The bottom-up approach was used for the Refurbished Fitness Equipment market estimation. Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires and telephonic interviews with market experts, market leaders and business owners. Secondary data was taken from annual reports, financial reports, government organizations’ sites and white papers.
SWOT, PESTLE and Porter were used for the Refurbished Fitness Equipment Market analysis for the Micro and macro factors affecting the Refurbished Fitness Equipment Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.
Refurbished Fitness Equipment Market Dynamics
Obesity and weight-related disorders including diabetes, heart disease, and high blood pressure are the major health concerns and daily exercise has been shown an effective path for the prevention and management of these diseases. As a result, the increasing prevalence of obesity and weight-related diseases drives the growth of the Refurbished Fitness Equipment Market.
The market is driven by the increase in the number of gyms and fitness centers, growing consumer interest in health and fitness and increasing awareness about the health benefits of refurbished equipment.
The expansion of online sales, personalization and customization, health and wellness partnerships, and expensing into new markets are the expected upcoming lucrative opportunities for the growth of the market during the forecast period. The market is restrained by the quick breakdowns of refurbished equipment.
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Refurbished Fitness Equipment Market Regional Insights
In 2022, North America dominated the Refurbished Fitness Equipment Market in terms of sales. The regional market is driven by the high disposable income, growing need for cost-effective equipment solutions, strong presence of the largest fitness equipment refurbishers and manufacturers increasing trend towards home fitness.
In 2022, Europe held the second-largest position in the Refurbished Fitness Equipment Market. The increasing demand for fitness equipment and increasing awareness towards sustainable and environmentally friendly practices are the influencing factors for the regional growth of the market.
During the forecast period, Asia Pacific is expected to reach significant growth for the market due to the promptly emerging smaller fitness equipment refurbishers and adoption of the new technologies and innovative business models by refurbishers.
Refurbished Fitness Equipment Market Segmentation
By Type
- Cardio Equipment
- Weight Training Equipment
- Others
By End User
- Residential
- Commercial
By Distribution Channel
- Offline Channels
- Online Channels
Refurbished Fitness Equipment Market Key Players Include:
- Johnson Health Tech
- Technogym
- Life Fitness
- Precor
- Matrix Fitness
- Fitness Superstore
- Play It Again Sports
- Global Fitness
- GymStore.com
- UsedGymEquipment.com
- Fit4Sale
- Grays Fitness
- Equip Your Gym
- Rebirth Fitness
- Pro Gym Supply
Table of Content for Global Refurbished Fitness Equipment Market:
- Global Refurbished Fitness Equipment Market: Research Methodology
- Global Refurbished Fitness Equipment Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Refurbished Fitness Equipment Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Refurbished Fitness Equipment Market Segmentation(2022-2029)
- Global Market, by Type (2022-2029)
- Global Market, by End User (2022-2029)
- Global Market, by Distribution Channel (2022-2029)
- Regional Refurbished Fitness Equipment Market (2022-2029)
- Regional Market, by Type (2022-2029)
- Regional Market, by End User (2022-2029)
- Regional Market, by Distribution Channel (2022-2029)
- Regional Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Type, End User, Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Recommendations
Key questions answered in the Refurbished Fitness Equipment Market are:
- What are Refurbished Fitness Equipment?
- What is the CAGR of the Refurbished Fitness Equipment Market?
- What was the Refurbished Fitness Equipment Market size in 2022?
- What is the expected Refurbished Fitness Equipment market size during the forecast period?
- What is the scope of the Refurbished Fitness Equipment Market?
- What are the Key driving factors for the growth of the Refurbished Fitness Equipment Market?
- What are the different segments of the Refurbished Fitness Equipment Market?
- What are the factors restraining the growth of the Refurbished Fitness Equipment Market?
- What is the demand pattern of the Refurbished Fitness Equipment Market?
- What are the major challenges that the Refurbished Fitness Equipment Market could face in the future?
- What growth strategies are the players considering to increase their presence in Refurbished Fitness Equipment?
- What are the upcoming industry applications and trends for the Refurbished Fitness Equipment Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Refurbished Fitness Equipment Market?
- What are the top players operating in the Refurbished Fitness Equipment Market?
- Which region accounted for the largest market share in the Refurbished Fitness Equipment Market?
- Market?
Maximize Market Research is leading Healthcare and research firm, has also published the following reports:
Home Fitness Equipment Market – The market size is expected to reach USD 15.03 Bn by 2029 at a CAGR of 4.7 percent during the forecast period. The market is driven by rising health complications, increasing inclination towards digital technology and increasing benefits regarding the Home Fitness Equipment.
Fitness Equipment Market – The market size is expected to reach USD 15.56 Bn by 2029 at a CAGR of 3.32 percent during the forecast period. The market is driven by rapid changes in the consumer lifestyle due to busy working schedules and unhealthy food consumption and supportive government initiatives to create awareness about fitness.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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