Fitness Equipment Market by Trend, Share, Size and Streamline
The global Fitness Equipment Market size is projected to reach a CAGR of 7.0% from 2023-2030.
Home exercise/fitness equipment is any apparatus or device used during physical activity to enhance the strength or conditioning effects on the body. Fitness equipment mainly consists of weightlifting machines, treadmills, stationary bikes, and others for physical exercise and is specifically used in fitness clubs, homes, hotels, gyms, and corporate offices. Such equipment help maintains weight, reduce excessive fat, and boost stamina.
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Growth of the Fitness Equipment Market is due to various factors such as increasing sedentary lifestyle is driving the demand for fitness equipment across the world. Also, rising number of fitness service providers and centers. Furthermore, growth in the prevalence of cardiovascular diseases is also providing an impetus to the demand for fitness equipment.
Recent Developments
In 2021, Nautilus launched its connected Bowflex Max Trainer M9 machine and Bowflex T22 treadmill with an enhanced JRNY digital fitness platform, offering curated workouts and entertainment options that stream while being coached.
In 2021, Johnson Health Tech (JHT) announced its acquisition of Matrix Fitness South Africa, a distributor for JHT before the acquisition, becoming the first fitness equipment company to have a wholly-owned subsidiary in Africa.
Prominent Players
- ICON Health & Fitness
- Life Fitness
- Peloton
- Technogym
- Precor
- Nautilus
- Johnson Health Tech
- Dyaco
- Impulse
- Shuhua Sports.
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North America to Dominate the Market
The North American market witnessed significant growth due to the rising health awareness among consumers, with the growing adoption of exercises related to physical well-being, weight management, improving body stamina, and muscular strength. The rising obese population and increasing health concerns are other major factors driving the home fitness equipment market in the region.
Fitness Equipment Market Segmentation:
On the basis of Product Type
· Cardiovascular Training Equipment
· Strength Training Equipment
· Other Equipment (Pilates, Yoga, Boxing, etc.)
On the basis of the end-user
· Home/Residential
· Commercial (Gyms, Fitness Centers, etc.)
· Institutional (Hospitals, Rehabilitation Centers, etc.)
On the basis of the Distribution Channel
· Online
· Offline
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Frequently Asked Questions
· What are the years considered to study Fitness Equipment Market?
· What is the compound annual growth rate (CAGR) of the Fitness Equipment Market?
· Which region holds the largest market share in Fitness Equipment Market?
· Which is the fastest growing region in Fitness Equipment Market?
· Who are the major players in Fitness Equipment Market?
In addition to the market data for Fitness Equipment Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.
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