Fitness Equipment in South Korea

Key Highlights

• Fitness equipment is a machine or device used for physical exercise to develop muscle strength and manage body weight. Both cardiovascular and strength training fitness equipment are in our scope, however, used fitness equipment is out of our scope.
• The South Korean fitness equipment market recorded revenues of $145.4 million in 2023, representing a compound annual growth rate (CAGR) of 7.3% between 2018 and 2023.
• The commercial segment accounted for the market's largest proportion in 2023, with total revenues of $99.4 million, equivalent to 68.4% of the market's overall value.
• The South Korean market accounted for 3.5% of the Asia-Pacific market in 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the fitness equipment market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the fitness equipment market in South Korea
• Leading company profiles reveal details of key fitness equipment market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea fitness equipment market with five year forecasts

Reasons to Buy

• What was the size of the South Korea fitness equipment market by value in 2023?
• What will be the size of the South Korea fitness equipment market in 2028?
• What factors are affecting the strength of competition in the South Korea fitness equipment market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's fitness equipment market?