Source: Taiwantrade | Updated: 17 November 2010
Ever since the 2008 Beijing Olympics, the number of fitness clubs has grown drastically in China. As people’s consumption power rises, their health awareness also becomes stronger. Investments in fitness related products likewise expand, which has gradually turned from investment in passive, therapeutic type of fitness activities to more active, preventive, and health-protection ones.
The manufacturing revenue of sporting goods in China in 2009 was 64.6 billion China yens (CNY) (US$9.73 billion), which grew 6.29% compared to the year before. At present the fitness equipment industry in China is developing. More and more new manufacturers are going into the market, and the existing manufacturers are also expanding their factories to consolidate the market. Some industry insiders have even boldly estimated that China’s fitness equipment market will reach CNY$100 billion (US$15.06 billion).
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