The global fitness equipment industry was valued at $8 billion in 2017 — growing at a CAGR of 4%. Taiwan GYM equipment manufacturers are leading its way to be one of the top manufacturer and exporter of fitness equipment in the world. Fitness equipment manufacturers in Taiwan are the top choice for many importers for their high-quality and innovative fitness equipment. The on the increase health-conscious people — especially between the age set of 18-40 years plus top fitness equipment brands — plays a most important part in the physical workout, to cope overall weight, develop physical endurance, and expand the muscular power of a person. As such, fitness equipment is well thought-out a key part of the health and wellness industry. Fitness equipment is manufactured by fitness equipment companies, which includes treadmills, free weights, weight equipment, elliptical trainers, and numerous more. The expansion of the international fitness equipment market is determined by chief fitness equipment companies focusing strongly on R&D of new, easy-to-use, and cost-effective fitness equipment, together with rising knowledge about fitness amongst people in urbanized and developing nations.
Taiwan GYM equipment manufacturers exported products worth $832.7 million in 2017. Fitness equipment manufacturers in Taiwan accounted for about 20 percent ($310 million) worth of US imports in 2017. Taiwan’s top fitness equipment brands current position in the fitness equipment market is a continuation of the country’s more than four decades of experience in manufacturing sporting goods. Fitness equipment companies in Taiwan was initially known for its production of tennis rackets for pros. Local fitness equipment suppliers began making fitness equipment for the fitness equipment industry in 1980 on an original equipment manufacturing (OEM) basis. By around 1990, some of the world’s top fitness equipment brands were inking OEM contracts with fitness equipment manufacturers in Taiwan to produce fitness equipment. As the 1990s went on, local fitness equipment companies began helping their customers design products, a cooperative effort known as original design manufacturing (ODM). Moving into ODM work gave Taiwanese fitness equipment suppliers a competitive edge in an increasingly crowded fitness equipment industry. The 1990s also saw local fitness equipment companies join other labor-intensive fitness equipment market in moving part of their production capacity to mainland China.
Current Market Scenario for Fitness Equipment Manufacturers in Taiwan
With the increase in the obesity and other health problems in the developed and developing countries, the need for fitness equipment is at rising. The demand for fitness equipment from Taiwan has also increased due to the increase in the awareness among people about health and fitness. The new government initiatives about the fitness awareness among the developed and developing countries will also help the Taiwan GYM equipment manufacturers to expand their business and export.
Enhancement of additional cost-effective and multi-functional fitness equipment particularly for families in developing economies can generate key potential opportunities for fitness equipment manufacturers in Taiwan in the fitness equipment marketplace. Rising numbers of obesity and chronic heart illnesses across the globe joined with increasing awareness about health & wellness is anticipated to force the growth of the fitness equipment business. In addition, growing number of fitness centers that offer numerous packages & discounts for weight loss, and health fitness programs is one more reason expected to boost the expansion of the top fitness equipment brands to a considerable extent.
Top 5 Fitness Equipment Companies in Taiwan Transforming the Industry
1. Chi Hua Fitness Co Ltd
Chi Hua was founded in March 1997 by Mr. Lee Ying-Che. This leading fitness equipment companies is principally engaged in the manufacture and distribution of fitness equipment components and related products. Its products are applied principally in the manufacture of fitness devices and automobile electronic equipment.
2. Intenza Fitness
Intenza Fitness is a pioneer in fitness equipment industry and the company designs, manufactures and builds premium cardio equipment which blends technological innovation with aesthetic design. This top fitness equipment brands were established in 1998 and is headquartered at Jhongli, Taoyuan.
3. Sportek Industrial Co Ltd
Sportek is a leading fitness equipment companies in Taiwan. This fitness equipment manufacturers in Taiwan designs and manufactures fitness products, including treadmills, higher incline treadmill and Climber for the home and commercial fitness equipment market. Sportek ships fitness equipment into 28 countries worldwide and was founded in 2002.
SportsArt is a key top fitness equipment brands in Taiwan and was established in the year 1980. SportsArt is one of the largest single brand fitness equipment manufacturers in Taiwan. This company is headquartered in Tainan City, Taiwan and owns over 500,000 square feet of state-of-the-art manufacturing space to ship fitness equipment to more than 70 countries worldwide.
5. Joong Chenn Industry
Joong Chenn is a leading fitness equipment manufacturers in Taiwan and has been manufacturing high quality strength training equipment since the year of 1983. One of their factories is in Nantou and the company is headquartered in Taipei, Taiwan.
Future Prospects of the Fitness Equipment Industry
Increasing occurrences of chronic heart illnesses and obesity from leading an inactive way of life are forcing the governments to bring in initiatives and health consciousness programs, which is expected to steer the fitness equipment market expansion. Fast urbanization and industrialization have driven to an amplify in pollution rates, employment hours, and undesirable eating behavior consequential in increased vulnerability to anxiety and other wellbeing issues. This has increased sports center enrollment among the urban, working inhabitants. Also, there is a rise in health consciousness amongst the international aged people, predominately in the Asia Pacific and Europe regions, causing the baby boomer age group to enroll in specialized exercise centers and wellbeing clubs. The natural aging process can lead to a reduction in agility, muscle mass weakening, and, as a result, an increase in medical spending. Innovative headways such as wearable technologies and connected gadgets have fueled the wellness.