Overview and Scope
Fitness equipment refers to a tool used to provide fitness services. Fitness equipment is made to help users and athletes improve their fitness. They come in a variety of design sand each one has elements that focus on particular body areas or muscle groups.
Sizing and Forecast
The fitness equipment market size has grown steadily in recent years. It will grow from $13.94 billion in 2023 to $14.52 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to economic factors and disposable income, increased accessibility, fashion and trends in fitness, aging population and health awareness, commercial gym industry development..
The fitness equipment market size is expected to see steady growth in the next few years. It will grow to $17.51 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to health and wellness trends, online fitness platforms, focus on personalization, sustainable and eco-friendly equipment, integration with health monitoring.. Major trends in the forecast period include smart and connected equipment, home fitness revolution, virtual fitness experience, focus on health monitoring, eco-friendly designs..
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Segmentation & Regional Insights
The fitness equipment market covered in this report is segmented –
1) By Type: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment
2) By Buyer Type: Individual, Institution, Other Buyer Types
3) By Gender: Male, Female
4) By Application: Weight Loss, Body Building, Physical Fitness, Mental Fitness, Other Applications
5) By End User: Health Clubs Or Gyms, Home Consumer, Hotels, Corporates, Hospital And Medical Centers, Public Institutions
North America was the largest region in the fitness equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the fitness equipment market report during the forecast period. The regions covered in the fitness equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of obesity is expected to boost the growth of the fitness equipment market going forward. Obesity refers to a medical condition that increases the risk of a number of diseases and ailments, such as heart disease, diabetes, high blood pressure and several cancers. Fitness equipment by providing aerobic workout, raise the heart rate, boost metabolism and burn calories to lose weight. For instance, in March 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, around the world, 650 million adults, 340 million teenagers and 39 million children are obese. The WHO estimates that 167 million adults and children who are overweight or obese may experience some health problems by 2025. Therefore, increasing the prevalence of obesity is driving the growth of the fitness equipment market.
Key Industry Players
Major companies operating in the fitness equipment market report are Core Health & Fitness LLC, Impulse Health Tech Co. Ltd., Nautilus Inc., Johnson Health Tech. Co. Ltd., Technogym S.p.A, True Fitness Technology Inc., Icon Health & Fitness Inc., Peloton Interactive Inc., Torque Fitness LLC, iFIT.com, Rogue Fitness, Jerai Fitness Private Limited, Cosco Sports Equipment, Shuhua Sports Co. Ltd., Brunswick Corporation, Body-Solid Inc., Precor Incorporated, Shandong Aoxinde Fitness Equipment Co. Ltd., BFT Fitness, Shanghai Define Health Tech Co. Ltd., Realleader Fitness Co. Ltd., Amer Sports Corporation, Afton Health and Fitness, Dyaco International Inc., Decathlon Group, NordicTrack, Matrix Fitness, Horizon Fitness, Synca Wellness, Tempo Fitness, Yanre Fitness, Origin Fitness .
The fitness equipment market report table of contents includes:
1. Executive Summary
2. Fitness Equipment Market Characteristics
3. Fitness Equipment Market Trends And Strategies
4. Fitness Equipment Market – Macro Economic Scenario
5. Global Fitness Equipment Market Size and Growth
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31. Global Fitness Equipment Market Competitive Benchmarking
32. Global Fitness Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fitness Equipment Market
34. Fitness Equipment Market Future Outlook and Potential Analysis
35. Appendix
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