Japan Fitness Equipment Market Research Report, 2027

The Japanese way of life is characterized by a significant emphasis on health and fitness. Many Japanese people prioritize a healthy lifestyle that includes frequent exercise, nutritious eating habits, and a strong sense of community. This emphasis on health and fitness has contributed to an increase in the demand for fitness equipment in Japan, both at home and in the workplace. Yoga, Pilates, and other kinds of exercise have grown in popularity, increasing the demand for specialized fitness equipment that caters to these activities. Furthermore, Japan's small living spaces have created a desire for space-saving and easy-to-store fitness equipment, such as foldable treadmills and compact exercise bikes. Smart exercise equipment is also becoming popular, with many Japanese consumers interested in cutting-edge technology that can measure and monitor their fitness progress. Individuals in Japan have a strong interest in maintaining good health and fitness, which has resulted in an increase in demand for exercise equipment that may help them reach their goals. Since 2019, Japan has hosted international sporting events such as the World Rugby Games and the Tokyo Olympics, resulting in an increase in sports and fitness for people of all ages. According to the research report "Japan Fitness Equipment Market Research Report, 2027," published by Actual Market Research, the Japan Fitness Equipment market is projected to reach market size more than USD 650 Million by 2027. Government initiatives, the proliferation of fitness devices, an increase in fitness centers, increased health consciousness, and a considerable increase in fitness spending are some of the primary drivers that will support the growth of the fitness equipment market in Japan. The cooperation between Peloton, a major interactive exercise platform, and NTT DOCOMO, one of Japan's top mobile carriers, is one of the most recent developments in the Japanese fitness equipment sector. The two firms formed a strategic alliance in March 2021 to bring Peloton's home workout equipment and content to Japanese consumers. NTT DOCOMO will provide Peloton's Bike and Bike+ products, as well as Peloton's digital subscription, which enables access to on-demand fitness courses and personalized coaching, to its consumers as part of the agreement. The collaboration is anticipated to capitalize on Japan's growing demand for home fitness equipment, which is being fueled in part by the COVID-19 pandemic. Another recent development in the Japanese fitness equipment market is the introduction of Technogym's new "EXCITE+" and "ELEVATE+" lines of cardio and strength training equipment. To deliver a more personalized and engaging training experience, the new equipment integrates cutting-edge technology such as embedded touchscreens and communication with wearable gadgets. Technogym, an Italian fitness equipment company, has a strong presence in the Japanese market and the debut of its new product line is expected to capitalize on the growing demand for smart fitness equipment in Japan.

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The high competition among manufacturers and providers is one of the primary problems of the Japanese fitness equipment market. With multiple domestic and foreign competitors competing for market share, it can be difficult for smaller or newer companies to achieve traction. Another barrier is the relatively high cost of fitness equipment in Japan, which makes it less accessible to some consumers, notably those in their twenties or lower income brackets. Furthermore, Japan's small living areas may provide a challenge to the workout equipment business. Because many consumers have limited space for huge or heavy workout equipment, new compact and space-efficient devices have been developed. However, this may limit the range of products available from manufacturers. Some Japanese consumers are becoming increasingly concerned about the environmental impact of fitness equipment production and use. As a result, manufacturers are under pressure to provide more environmentally friendly and sustainable products, which can be difficult given the high-tech and resource-intensive nature of exercise equipment. In Japan, there are numerous chances in the exercise equipment sector. One of the significant potentials is Japanese consumers' increased interest in health and well-being, which is boosting demand for fitness equipment and related products and services. The COVID-19 pandemic has also generated a commercial opportunity since more people are choosing home fitness equipment over gyms or fitness centers. As many people have discovered the convenience and benefits of working out at home, this trend is predicted to continue even after the pandemic has passed. Another market opportunity is the growing popularity of smart fitness equipment, which uses cutting-edge technology to deliver a more personalized and interactive workout experience. Compact living areas in Japan also present an opportunity for manufacturers to build more compact and space-efficient workout equipment that meets the expectations of Japanese consumers. This could include creative goods that can be readily stored or used in compact locations. And also there is an opportunity for manufacturers to address the growing concern among some Japanese consumers about the environmental impact of exercise equipment production and use. Manufacturers can appeal to consumers that value environmental responsibility and sustainability by creating more sustainable and eco-friendly products. Japanese doctors are becoming more aware of the benefits of regular exercise and physical activity for mental health, such as stress reduction and enhanced mood. However, Japanese doctors, like doctors elsewhere, warn that physical activity should be approached with caution and that individuals should contact a healthcare provider before beginning a new fitness program, particularly if they have pre-existing health concerns or injuries. They also emphasize the significance of utilizing workout equipment with good technique and safety to avoid injury or strain.

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Kripa Shah

Senior Analyst

The fitness equipment market in Japan is predicted to rise gradually in the next years due to a variety of factors, including rising health consciousness among Japanese consumers, a shift towards home fitness equipment, and the adoption of smart fitness equipment. However, the market faces a number of obstacles, including intense competition, high costs, limited living space, and environmental concerns. consumer requirements and tastes in order to flourish in this market, while also considering the environmental impact of their products and activities. Manufacturers may capitalize on the potential given by this rising market by offering high-quality, space-efficient, and sustainable products that meet the expectations of Japanese customers. Considered in this report • Geography: Japan • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Japan Fitness Equipments market with its value and forecast along with its segments • Country-wise Fitness Equipmennts market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Type • Cardiovascular • Strength By Cardiovascular Equipments • Cross-country ski machine • Elliptical trainers • Rowing machines • Stair-steppers • Stationary bicycle • Treadmill • Others By Strength Equipments • Hydralulic equipments • Weight plates • Dumbbells • Resistance band & tubes • Others By End Users • Commercial • Residential The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Fitness equipment industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.