Investments in the outdoor fitness market are booming | The market value of outdoor fitness equipment is expected to reach $1.8 billion

outdoor fitness equipment market

PORTLAND, OREGON, UNITED STATES, July 19, 2022 / — It’s a common misconception that parks and recreation departments run most outdoor exercise programs, but it’s not true. Anyone who has access to a green area can exercise outdoors. Specialized knowledge is needed to plan and build an outdoor training space so that the investment meets the demands of each community. The ideal setup for outdoor exercise can range from placing exercise equipment next to walking paths or outdoor gathering spaces to fully functional outdoor gyms. Customers can augment their outdoor training alternatives in a variety of ingenious methods that take up little space.

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According to studies, those who perform their fitness regimens outdoors exercise longer and more frequently, benefiting from the variety that comes with choosing an outdoor activity. And now there are more options available besides the classic possibilities of biking, running and walking. Competing “hotels, resorts, country clubs, and multi-family housing organizations may employ an outdoor fitness center as a service that gives them an additional competitive edge” as fitness centers are a vital asset to attract tenants in hospitality, multi-family housing. and student housing markets.

In addition, the lack of low-cost regular maintenance prevents organizations from obtaining high-priced training equipment for gyms and parks. The dearth of the low-cost regular maintenance market has created the potential for manufacturers to launch new solutions by selling items that would cover maintenance and support at an affordable cost and encourage organizations to purchase high-end exercise equipment. . Offering dual exercise qualities will help reduce overall product prices because the user will not need to purchase separate equipment. For example, a walker with an extended push-up bar will perform two exercises on one piece of equipment and reduce the cost of the product.

According to Allied Market Research, the size of the outdoor fitness equipment market is estimated to reach $1.8 billion by 2030, with CAGR of 4.3% between 2021 and 2030.

According to the CXOs, the COVID-19 pandemic affected the growth of the global fitness equipment industry; on the other hand, it has created awareness among consumers to maintain proper fitness, as exercising regularly would help improve fitness and benefit in the long run. Rising awareness among consumers has forced them to get fit, which, in turn, has increased the demand for fitness equipment both at home and outdoors. Also, the governments of different countries are taking initiatives to build outdoor gyms for their citizens and motivate them to get fit. These initiatives taken by governments are expected to increase the sales of outdoor fitness products, thereby fueling the growth of the fitness equipment industry as a whole.

key to go
– The action series segment dominates the outdoor fitness equipment market and is expected to maintain its dominance throughout the forecast period.
– The outdoor gym segment dominates the outdoor fitness equipment market and is expected to maintain its dominance throughout the forecast period.
– North America dominates the outdoor fitness equipment market in 2020 and is expected to maintain its dominance throughout the forecast period.

The global Outdoor Fitness Equipment market is segmented on the basis of product type, application, and region. Based on type, the market is categorized into action series, heavy duty series, and regular series. By application, it is segregated into public institutions, parks and fitness trails, government fitness centers, outdoor gyms, and others. Regarding the region, it is analyzed in North America (USA, Canada and Mexico), Europe (Germany, United Kingdom, France, Italy, Spain and the rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and rest of Asia-Pacific) and LAMEA (Brazil, Argentina, Chile, Saudi Arabia and rest of LAMEA).

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Players operating in the global outdoor fitness equipment market have adopted various development strategies in order to enlarge their outdoor fitness equipment market share, increase profitability and remain competitive in the market. Key players included in this report include Landscape Structures Inc., Beckmann, SportsPlay Equipment, Inc., Wicksteed Leisure Ltd., PlayCore Inc., Outdoor Fitness, Inc., Proludic Ltd., Xccent, Inc., The Great Outdoor Gym Company Ltd., and Kompan, Inc.

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