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


outdoor fitness equipment market

PORTLAND, OREGON, USA, July 19, 2022 /EINPresswire.com/ — It’s a common misconception that parks and recreation departments run most outdoor exercise programs, but it’s not . Anyone with access to a green space can practice outdoor physical activity. It takes expert knowledge to plan and construct an outdoor workout space so that the investment meets the requirements of each community. The ideal outdoor fitness setup can range from setting up exercise equipment next to walking paths or outdoor gathering spaces to fully functional outdoor gymnasiums. Customers can augment their outdoor workout alternatives through a variety of inventive methods that take up little space.

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According to studies, those who take their fitness routines outdoors exercise longer and more frequently, benefiting from the variety that comes with choosing an outdoor activity. And there are now more options available than the classic bike, run and walk options. Competitive “hotels, resorts, country clubs and multi-family housing organizations can use an outdoor gym as an amenity that gives them an added advantage in the competition” because fitness centers are a vital asset to attract tenants in the hospitality, multi-family and student housing markets.

Additionally, the lack of regular low-cost maintenance prevents organizations from obtaining expensive workout equipment for fitness centers and parks. The scarcity of low-cost regular maintenance in the market has created the opportunity for manufacturers to launch new solutions with the sale of items that would cover maintenance and support at a low cost and encourage organizations to buy high-end exercise equipment. Offering dual exercise qualities will help reduce overall product prices as the user will not need to purchase separate equipment. For example, a walker with an extended push bar will provide two exercises in one piece of equipment while reducing the cost of the product.

According to Allied Market Research, the outdoor fitness equipment market size is expected to reach $1.8 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

According to CXOs, the COVID-19 pandemic has impacted the growth of the global fitness equipment industry, on the other hand, it has raised consumer awareness to maintain good physical fitness as regular exercise would help improve physical fitness and would be beneficial in the long term. Growing consumer awareness has forced them into fitness, which in turn has increased the demand for home and outdoor fitness equipment. Moreover, governments of different countries are taking initiatives to build outdoor fitness centers for their citizens and motivate them to take up fitness. These government initiatives are expected to increase the sales of outdoor fitness products, thereby boosting the growth of the overall fitness equipment industry.

Take away key
– 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 into product type, application, and region. Based on type, the market is categorized into action series, heavy series, and regular series. By application, it is separated into public institutions, fitness parks and trails, government fitness centers, outdoor gymnasiums, and others. By region, it is analyzed in North America (United States, Canada and Mexico), Europe (Germany, United Kingdom, France, Italy, Spain and 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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The players operating in the global Outdoor Fitness Equipment market have adopted various development strategies to grow their Outdoor Fitness Equipment market share, increase their profitability and stay competitive in the market. Key Players profiled 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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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry sectors, including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Power, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.

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