Canada Fitness Equipment Market Report to 2027 – by Cardiovascular Fitness Equipment, Strength Fitness Equipment and End-user – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added Canada Fitness Equipment Market Overview, 2027 report ResearchAndMarkets.com Offer.

Fitness equipment includes all the machines and monitoring equipment needed for various physical exercises. The fitness industry has grown significantly in terms of gym models along with a holistic concept of fitness by offering specific fitness equipment to individuals.

The major factors influencing the growth of the market include the increase in obese population worldwide; the increase in disposable income in developing countries; and the increase in young populations in developing regions. Based on these drivers, the Canadian fitness equipment market has also been developing at a reasonable pace in recent years as people embrace fitness.

An increasingly sedentary lifestyle around the world is driving demand for fitness equipment. An increasing number of fitness service providers and centers are also driving the growth of the fitness equipment market. Various service providers offer weight loss program packages and discounts to attract maximum consumers. All these factors are having a positive impact on the growth of the fitness equipment market across the country.

According to the Canada Fitness Equipment Market Overview, 2027 report, the market is projected to grow at an exponential growth rate during the forecast period. Major players operating in the fitness equipment market in Canada are developing new and innovative outlets and chains of fitness clubs and spas. This is likely to have a positive impact on membership fees which will ultimately fuel the growth of the fitness equipment market over the projected period.

In addition, rising incidents of cardiovascular disease, diabetes and osteoarthritis across the country are a concern. According to the World Health Organization, cardiovascular diseases are one of the leading causes of death. However, many organizations promote a healthy lifestyle through exercise. As a result, more and more people are actively participating in physical activity, for example by enrolling in exercise programs and packages, or simply by exercising independently. This is driving the growth of the fitness equipment market.

In addition, the expanding virtual fitness market will drive demand for high-quality fitness equipment that can be easily installed at home. Busy professionals prefer to do online fitness sessions to enjoy workouts from the comfort of their own home and at their convenience.

In response to the growing home fitness equipment industry, market players are rolling out digitally connected consumer solutions. Consumers are taking advantage of digitally connected fitness equipment to enjoy a personalized workout experience through online workout classes across the country.

Device manufacturers also invest in research and development (R&D) to provide sophisticated and user-friendly devices that enhance the overall customer experience. Other factors such as the growing purchasing power of consumers and the development of wearable devices that can be synchronized with exercise equipment are expected to drive the market even further.

Effects of COVID-19:

Self-care is becoming an important part of people’s health amid COVID-19, including mental, physical and emotional health. The pandemic has sparked public health awareness to boost their immune systems and physical fitness. The imposition of lockdowns across the country has closed gyms and forced the shift of gym-goers to home fitness equipment by 2020. However, the increased awareness of health and fitness is expected to significantly drive the growth of the home fitness equipment market. The overall size of the fitness equipment market has seen a decline in the same year.

Considered in the report

  • Geography: Canada

  • Base year: 2021

  • Historical year: 2016

  • Estimated year: 2022

  • Expected year: 2027

Aspects covered in the report

  • Overview of the Canadian fitness equipment market

  • Overview of the Canadian cardiovascular fitness equipment market

  • Market overview for strength training equipment in Canada

  • Policies & Regulations

  • Porter’s Five Forces Model

  • Company profile of top players

  • Strategic recommendation

Through cardiovascular fitness machines

  • treadmill

  • stationary bike

  • elliptical trainer

  • rowing machine

  • cross country skiing

  • stair stepper

From Kraft fitness equipment

  • dumbbells

  • weight plates

  • hydraulic equipment

  • Resistance Band & Tubing

By end users

For more information about this report, visit https://www.researchandmarkets.com/r/x99mkt