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With a base estimate of USD 16.24 billion in 2023, the worldwide fitness equipment market is projected to expand from 2024–2031 at a CAGR (compound annual growth rate) of 7.3%.
Rising disposable incomes, health consciousness, and the value of exercise to general well-being have all contributed to the global market's meteoric rise in recent years. A person's physical health, weight management, strength training, and endurance can all be enhanced with the help of fitness equipment. Factors propelling the global market forward include rising health concerns, the youth population, and the prevalence of obesity. A diverse array of products, suited for use in homes as well as commercial establishments like gyms and sports clubs, make up this industry.
In order to exercise regularly, maintain a healthy weight, increase one's stamina, and build muscle, one needs fitness equipment. Rising health consciousness has boosted the demand for workout equipment around the world. Furthermore, several medical procedures call for physical activity. Equipment such as elliptical trainers, stationary bikes, weightlifting machines, strength training machines, and treadmills are among the most popular pieces of exercise machinery. One of the main factors driving the expansion of the worldwide fitness equipment market is the growing number of people concerned about their health and the epidemic of obesity. Additionally, fitness equipment is being more widely adopted due to a number of factors, including an increase in the number of people living in metropolitan areas, a jump in the number of people joining gyms, a rise in the sale of equipment for use at home, and a rise in government programs aimed at encouraging healthy lifestyles.
Customers may now easily shop for exercise equipment online after reading reviews, comparing features, and making purchases thanks to the proliferation of e-commerce platforms. A major factor fueling the expansion of the market is the growing importance of wellness initiatives in the workplace. A growing number of companies are launching corporate wellness programs in an effort to improve the health and happiness of their employees. More and more companies are putting money into exercise centers right in their office buildings as part of their corporate wellness programs. You can usually find weight machines, exercise cycles, yoga mats, and treadmills in these types of facilities. Sales of exercise machines in these settings are fueling the industry's expansion.
Manufacturers frequently team up with companies to provide individualized exercise solutions in support of corporate wellness programs. Working together, we may design wellness programs and provide corporate gyms with customized or discounted equipment. Collaborations like these between companies and manufacturers fuel the expansion of the market. The demand for home gym equipment has surged because to the move toward remote employment, especially during the COVID-19 pandemic. Businesses have caught on to this fad and are increasingly providing workers with budgets to help them build home gyms or purchase exercise gear. Sales of home exercise equipment are being propelled by the growing trend of corporate wellness initiatives.
In the coming years, as the effects of COVID-19 become more apparent, the public is anticipated to embrace home exercise equipment at a higher rate. In 2020, at-home exercise equipment was driven by market closures, rising public awareness of self-care items, and expanding fitness trends. On top of that, people's busy schedules and lack of physical activity have prompted the rise of home exercise machines. Avoiding the high cost of a gym membership is possible with home exercise equipment. Space constraints and expensive equipment costs, however, limit the market's potential for expansion.
It is in the United States that home exercise equipment is most widely used. One of the most popular types of strength training equipment, free weights come with both fixed and adjustable weights. Cables and adjustable pulleys allow home gym equipment to serve several purposes, allowing users to tailor their workouts to their own needs. Some examples of such equipment are leg presses, calf raises, and abdominal, arm, shoulder, back, and chest exercises. In addition, market leaders in exercise equipment are constantly developing new and improved products. As an example, Life Fitness, a prominent participant in the industry, provides home users with F3 folding treadmills that feature wireless telemetry heart rate monitoring and need very little room when not in use.
Report Coverage
Global Fitness Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fitness Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fitness Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fitness Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fitness Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fitness Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Nautilus, Inc., Life Fitness, Johnson Health Tech, TECHNOGYM S.p.A, TRUE, Impulse (QingDao) Health Tech CO., LTD, iFIT, Torque Fitness., Body-Solid Inc., Core Health & Fitness, LLC., Precor Incorporated, Afton, Fitness World, Shanghai Define Health Tech CO LTD, REALLEADER FITNESS CO., LTD, Shandong Aoxinde Fitness Equipment Co., Ltd., BFT Fitness, Yanre Fitness, FITKING FITNESS, and Fitline India.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Fitness Equipment market based on the below-mentioned segments:
Global Fitness Equipment Market, By Type
CARDIOVASCULAR TRAINING EQUIPMENT
STRENGTH TRAINING EQUIPMENT
OTHER EQUIPMENT
Global Fitness Equipment Market, By End User
Home consumer
Health clubs/gym
Other commercial user
Global Fitness Equipment market, Regional Analysis
Rising disposable incomes, health consciousness, and the value of exercise to general well-being have all contributed to the global market's meteoric rise in recent years. A person's physical health, weight management, strength training, and endurance can all be enhanced with the help of fitness equipment. Factors propelling the global market forward include rising health concerns, the youth population, and the prevalence of obesity. A diverse array of products, suited for use in homes as well as commercial establishments like gyms and sports clubs, make up this industry.
In order to exercise regularly, maintain a healthy weight, increase one's stamina, and build muscle, one needs fitness equipment. Rising health consciousness has boosted the demand for workout equipment around the world. Furthermore, several medical procedures call for physical activity. Equipment such as elliptical trainers, stationary bikes, weightlifting machines, strength training machines, and treadmills are among the most popular pieces of exercise machinery. One of the main factors driving the expansion of the worldwide fitness equipment market is the growing number of people concerned about their health and the epidemic of obesity. Additionally, fitness equipment is being more widely adopted due to a number of factors, including an increase in the number of people living in metropolitan areas, a jump in the number of people joining gyms, a rise in the sale of equipment for use at home, and a rise in government programs aimed at encouraging healthy lifestyles.
Customers may now easily shop for exercise equipment online after reading reviews, comparing features, and making purchases thanks to the proliferation of e-commerce platforms. A major factor fueling the expansion of the market is the growing importance of wellness initiatives in the workplace. A growing number of companies are launching corporate wellness programs in an effort to improve the health and happiness of their employees. More and more companies are putting money into exercise centers right in their office buildings as part of their corporate wellness programs. You can usually find weight machines, exercise cycles, yoga mats, and treadmills in these types of facilities. Sales of exercise machines in these settings are fueling the industry's expansion.
Manufacturers frequently team up with companies to provide individualized exercise solutions in support of corporate wellness programs. Working together, we may design wellness programs and provide corporate gyms with customized or discounted equipment. Collaborations like these between companies and manufacturers fuel the expansion of the market. The demand for home gym equipment has surged because to the move toward remote employment, especially during the COVID-19 pandemic. Businesses have caught on to this fad and are increasingly providing workers with budgets to help them build home gyms or purchase exercise gear. Sales of home exercise equipment are being propelled by the growing trend of corporate wellness initiatives.
In the coming years, as the effects of COVID-19 become more apparent, the public is anticipated to embrace home exercise equipment at a higher rate. In 2020, at-home exercise equipment was driven by market closures, rising public awareness of self-care items, and expanding fitness trends. On top of that, people's busy schedules and lack of physical activity have prompted the rise of home exercise machines. Avoiding the high cost of a gym membership is possible with home exercise equipment. Space constraints and expensive equipment costs, however, limit the market's potential for expansion.
It is in the United States that home exercise equipment is most widely used. One of the most popular types of strength training equipment, free weights come with both fixed and adjustable weights. Cables and adjustable pulleys allow home gym equipment to serve several purposes, allowing users to tailor their workouts to their own needs. Some examples of such equipment are leg presses, calf raises, and abdominal, arm, shoulder, back, and chest exercises. In addition, market leaders in exercise equipment are constantly developing new and improved products. As an example, Life Fitness, a prominent participant in the industry, provides home users with F3 folding treadmills that feature wireless telemetry heart rate monitoring and need very little room when not in use.
Report Coverage
Global Fitness Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fitness Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fitness Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fitness Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Nautilus, Inc., Life Fitness, Johnson Health Tech, TECHNOGYM S.p.A, TRUE, Impulse (QingDao) Health Tech CO., LTD, iFIT, Torque Fitness., Body-Solid Inc., Core Health & Fitness, LLC., Precor Incorporated, Afton, Fitness World, Shanghai Define Health Tech CO LTD, REALLEADER FITNESS CO., LTD, Shandong Aoxinde Fitness Equipment Co., Ltd., BFT Fitness, Yanre Fitness, FITKING FITNESS, and Fitline India. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fitness Equipment Market from 2021 to 2031.
- Market Forecast for Fitness Equipment Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fitness Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fitness Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fitness Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fitness Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Nautilus, Inc., Life Fitness, Johnson Health Tech, TECHNOGYM S.p.A, TRUE, Impulse (QingDao) Health Tech CO., LTD, iFIT, Torque Fitness., Body-Solid Inc., Core Health & Fitness, LLC., Precor Incorporated, Afton, Fitness World, Shanghai Define Health Tech CO LTD, REALLEADER FITNESS CO., LTD, Shandong Aoxinde Fitness Equipment Co., Ltd., BFT Fitness, Yanre Fitness, FITKING FITNESS, and Fitline India.
Primary Target Market
- Market Players of Fitness Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Fitness Equipment market based on the below-mentioned segments:
Global Fitness Equipment Market, By Type
CARDIOVASCULAR TRAINING EQUIPMENT
STRENGTH TRAINING EQUIPMENT
OTHER EQUIPMENT
Global Fitness Equipment Market, By End User
Home consumer
Health clubs/gym
Other commercial user
Global Fitness Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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