According to the recently published study titled ‘Asia Pacific Fitness Equipment Market Size By Equipment,A End Use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, Asia Pacific fitness equipment market valuation is anticipated to cross USD 3.5 billion by the year 2026.
 

As per the findings of report, Asia Pacific fitness equipment market is primarily driven by surging number of gym memberships owing to increasing health conscious populace. In fact, International Health, Racquet & Sportsclub Association (IHRSA), in 2017, stated that approximately 22 million individuals had memberships with a health club in Asia Pacific. Fitness centers in Japan and China registered 4.2 million and 4.5 million gym members respectively, whereas South Korea health clubs recorded around 3.7 million memberships in the same year.
 

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Notably, health club membership motivates individuals to adhere to a consistent exercise routine. Several gym owners provide discounts to regular members to retain their client post and offer cost-effective options to draw in new customers.
 

However, shutdown of gyms and fitness centers in the Q1 of 2020 due to ongoing global health crisis of Covid-19 has hampered Asia Pacific fitness equipment market expansion. On the flip side, gradual reopening of gyms and fitness facilities with adequate safety protocols is likely to reinstate the profitability of the industry over the forecast duration. Regular sanitization, temperature scans, contactless check-in process, and mandatory use of gloves & masks are being implemented across these sites. Besides, rise in customer preference towards working-out from home will strengthen the demand for fitness equipment across the residential sector.
 

Based on equipment, strength training segment in Asia pacific fitness equipment market is poised to witness an increased demand over the analysis timeframe. Strength training improves bone health and endurance while ensuring toned muscles. Burgeoning geriatric population coupled with increasing focus among governments towards developing the healthcare system are impelling product demand.
 

Speaking of end-user spectrum, hotels segment is anticipated to acquire a significant portion of Asia Pacific fitness equipment industry share in the forthcoming years. Growing emphasis among hotels towards improving their value proposition by adding gyms and fitness facilities drives the segment growth.
 

Leading organizations in Asia Pacific fitness equipment industry sphere are TRUE Fitness Technology, Inc., Torque Fitness, Technogym S.p.A., Nautilus, Inc., Icon Health & Fitness, Inc., Amer Sports Oyj, and Johnson Health Tech Co. Ltd.