The fitness equipment market is expected to grow from USD 13.92 Billion in 2022 to USD 24.09 Billion by 2032, at a CAGR of 5.64% during the forecast period 2023-2032.
Equipment used during physical activity to enhance the effectiveness of an exercise programme or to enhance the strength or conditioning advantages of that exercise by providing either fixed or adjustable amounts of resistance is known as fitness equipment. It's essential to utilize exercise equipment properly because misuse could lead to minor to major injuries. Cardiovascular and strength training equipment comes in various forms and is utilized for various body areas.
The driving factors of the market growth are the increasing demand for fitness equipment among end-users such as health clubs, residential places and the hospitality sector. However, the high cost of Fitness Equipment is one of the restraining factors of the market growth. The rising demand for customer awareness of fitness is an opportunity factor for market growth. Many people nowadays are keen on physical fitness and thus invest in cardiovascular and strength training equipment.
This study delivers a comprehensive analysis of product type, end-users, sales channel and region. The product type segment includes cardiovascular training equipment, strength training equipment and others. The cardiovascular training equipment segment further includes treadmills, elliptical machines, climbers, exercise bikes and others. The strength training equipment segment includes weights, barbells and ladders, weight lifting machines, power racks, extension machines and others. The cardiovascular training equipment segment holds the largest market share in 2022 due to an increasing preference for cardio exercises among fitness freaks. The end-user segment includes health clubs, home, hospitality, corporate, and others. The health clubs segment held the largest market share in 2022. Many people nowadays buy memberships in different health clubs to keep themselves fit. Health clubs invest in high-tech Fitness Equipment. The sales channel segment includes direct and indirect. The direct segment held the largest market share in 2022. The health clubs and hospitality sector are the largest consumers of Fitness Equipment, and they prefer to buy these from direct retailers present in the market.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share due to prominent end-users and a large pool of consumers inclined towards physical fitness. Moreover, the strong presence of key companies, the increasing number of people joining health clubs, and the rising awareness of lifestyle-led diseases are also helping to boost the market growth in this region. The Asia Pacific is projected to grow significantly due to the rising disposable income and increasing initiatives by local governments, particularly in India, China, and Southeast Asian countries.
Some of the notable players in the market are Technogym S.p.A., Brunswick Corporation, Amer Sports Corporation, TRUE Fitness Technology, Inc., Nautilus, Inc., Impulse (Qingdao) Health Tech Ltd. Co., Johnson Health Tech Co., Ltd., ICON Health & Fitness, Inc., Torque Fitness LLC., Core Health & Fitness, LLC., Peloton Interactive Inc., and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By End-users
4.3.3. Market Attractiveness Analysis By Sales Channel
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing interest in maintaining the physical fitness
5.3. Restraints
5.3.1. High cost of instalment
5.4. Opportunities
5.4.1. The rising number of health clubs around regions
5.4.2. Increasing investment in hospitality sector
6. Global Fitness Equipment Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Cardiovascular Training Equipment
6.2.1. Treadmills
6.2.2. Elliptical Machines
6.2.3. Climbers
6.2.4. Exercise Bikes
6.2.5. Others
6.3. Strength Training Equipment
6.3.1. Weights
6.3.2. Barbells and Ladders
6.3.3. Weight Lifting Machines
6.3.4. Power Racks
6.3.5. Extension Machines
6.3.6. Others
6.4. Others
7. Global Fitness Equipment Market Analysis and Forecast, By End-users
7.1. Segment Overview
7.2. Health Clubs
7.3. Home
7.4. Hospitality
7.5. Corporate
7.6. Others
8. Global Fitness Equipment Market Analysis and Forecast, By Sales Channel
8.1. Segment Overview
8.2. Direct
8.3. Indirect
9. Global Fitness Equipment Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Fitness Equipment Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Fitness Equipment Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Technogym S.p.A.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Brunswick Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Amer Sports Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Texas Instruments
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. TRUE Fitness Technology, Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Nautilus, Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Impulse (Qingdao) Health Tech Ltd. Co.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Johnson Health Tech Co., Ltd.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. ICON Health & Fitness, Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Torque Fitness LLC.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Core Health & Fitness, LLC.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Peloton Interactive Inc.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
2. Global Cardiovascular Training Equipment, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
3. Global Strength Training Equipment, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
4. Global Others, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
5. Global Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
6. Global Health Clubs, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
7. Global Home, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
8. Global Hospitality, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
9. Global Corporate, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
10. Global Others, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
11. Global Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
12. Global Direct, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
13. Global Indirect, Fitness Equipment Market, By Region, 2019-2032 (USD Billion)
14. North America Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
15. North America Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
16. North America Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
17. U.S. Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
18. U.S. Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
19. U.S. Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
20. Canada Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
21. Canada Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
22. Canada Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
23. Mexico Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
24. Mexico Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
25. Mexico Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
26. Europe Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
27. Europe Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
28. Europe Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
29. Germany Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
30. Germany Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
31. Germany Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
32. France Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
33. France Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
34. France Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
35. U.K. Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
36. U.K. Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
37. U.K. Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
38. Italy Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
39. Italy Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
40. Italy Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
41. Spain Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
42. Spain Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
43. Spain Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
44. Asia Pacific Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
45. Asia Pacific Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
46. Asia Pacific Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
47. Japan Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
48. Japan Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
49. Japan Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
50. China Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
51. China Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
52. China Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
53. India Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
54. India Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
55. India Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
56. South America Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
57. South America Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
58. South America Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
59. Brazil Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
60. Brazil Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
61. Brazil Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
62. Middle East and Africa Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
63. Middle East and Africa Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
64. Middle East and Africa Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
65. UAE Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
66. UAE Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
67. UAE Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
68. South Africa Fitness Equipment Market, By Product Type, 2019-2032 (USD Billion)
69. South Africa Fitness Equipment Market, By End-users, 2019-2032 (USD Billion)
70. South Africa Fitness Equipment Market, By Sales Channel, 2019-2032 (USD Billion)
List of Figures
1. Global Fitness Equipment Market Segmentation
2. Global Fitness Equipment Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Fitness Equipment Market Attractiveness Analysis By Product Type
9. Global Fitness Equipment Market Attractiveness Analysis By End-users
10. Global Fitness Equipment Market Attractiveness Analysis By Sales Channel
11. Global Fitness Equipment Market Attractiveness Analysis By Region
12. Global Fitness Equipment Market: Dynamics
13. Global Fitness Equipment Market Share By Product Type (2023 & 2032)
14. Global Fitness Equipment Market Share By End-users (2023 & 2032)
15. Global Fitness Equipment Market Share By Sales Channel (2023 & 2032)
16. Global Fitness Equipment Market Share By Regions (2023 & 2032)
17. Global Fitness Equipment Market Share By Company (2022)
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