Global Fitness Equipment Market Size, Trends, and Growth Opportunity, By Type (Strength Training Equipment, Cardiovascular Training Equipment, Other Equipment), By End User (Home Consumer, Health Club, Hospitals and Medical Centers, Other), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Fitness Equipment Market
The global Fitness Equipment market was valued at USD 13.10 Million in 2022 and is expected to expand to USD 18.64 Million in 2030 at a CAGR of 3.84% during the forecast period 2023- 2030.
A machine or device which provides resistance to a person while performing physical exercises to increase strength and energy, control weight, and improve flexibility is referred to as Fitness equipment.
Market Drivers
One of the major factors that drive the market growth is rising health complications and health awareness amongst the population across the world.
Additionally, increasing government initiatives related to health awareness are boosting the Fitness Equipment Market growth.
Moreover, the growing number of gyms and fitness clubs across the globe is propelling the market growth.
Market Restraints
A major restraining factor that hampers the market growth is the high cost of fitness equipment as some fitness equipment is available at high prices.
Market Segmentation
The global Fitness Equipment market is segmented based on Type, End User, and region. Based on Type, it is segmented into Strength Training Equipment, Cardiovascular Training Equipment, and Other Equipment. Based on End Users, it is segmented into Home Consumers, Health Clubs, Hospitals and Medical Centers, Other. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Regional Analysis
North America region is expected to dominate the global market owing to the existence of main market players in the region and rising cases of obesity.
Asia-Pacific region is likely to witness robust growth in the Fitness Equipment Market because of the enlarged inclination toward personal training and instruction services. Also, the Asia-Pacific has more young and older populations.
Key Players
Various key players are listed in this report such as Johnson Health Tech Co. Ltd., Icon Health & Fitness, Inc., Torque Fitness LLC., Nautilus, Inc., True Fitness Technology, Inc., Technogym S.p.A., Impulse (Qingdao) Health Tech Co. Ltd., Amer Sports Corporation, Kettler (GB) Limited, Core Health and Fitness LLC.
Industry Developments
September 2022: Peloton Interactive, Inc. launched Peloton Row, a fitness equipment. The equipment has innovative software and premium hardware design. The equipment is used for low-impact, full-body cardio, and strength workouts.
August 2021: The acquisition of Matrix Fitness South Africa by Johnson Health Tech (JHT), a distributor for JHT before the acquisition, enabled JHT to become the first manufacturer of fitness equipment to have a fully-owned subsidiary in Africa.
March 2021: Peloton Interactive Inc. expanded its product offerings in Asia-Pacific by launching its products in Australia. Peloton made its debut in Australia with the introduction of the original Peloton Bike, the Peloton Bike, which offers the best cardio and strength workout, and the Peloton App, which offers content for more than 10 different types of exercise, including yoga, cardio, strength exercises, indoor and outdoor running, and indoor cycling.
Market Taxonomy
By Type
o Strength Training Equipment
o Cardiovascular Training Equipment
o Other Equipment
By End User
o Home Consumer
o Health Club
o Hospitals and Medical Centre
o Others
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Fitness Equipment Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Fitness Equipment Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Fitness Equipment Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Fitness Equipment Market Share Analysis, By Type
5.3 Global Fitness Equipment Market Size and Forecast, By Type
5.3.1 Strength Training Equipment
5.3.2 Cardiovascular Training Equipment
5.3.3 Other Equipment
6 Global Fitness Equipment Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Fitness Equipment Market Share Analysis, By End User
6.3 Global Fitness Equipment Market Size and Forecast, By End User
6.3.1 Home Consumer
6.3.2 Health Club
6.3.3 Hospitals and Medical Centre
6.3.4 Others
7 Global Fitness Equipment Market, By Region
7.1 Global Fitness Equipment Market Share Analysis, By Region
7.2 Global Fitness Equipment Market Share Analysis, By Region
7.3 Global Fitness Equipment Market Size and Forecast, By Region
8 North America Fitness Equipment Market Analysis and Forecast (2023- 2030)
8.1 Introduction
8.2 North America Fitness Equipment Market Share Analysis, By Type
8.3 North America Fitness Equipment Market Size and Forecast, By End User
8.4 North America Fitness Equipment Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Fitness Equipment Market Analysis and Forecast (2023- 2030)
9.1 Introduction
9.2 Europe Fitness Equipment Market Share Analysis, By Type
9.3 Europe Fitness Equipment Market Size and Forecast, By End User
9.4 Europe Fitness Equipment Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Fitness Equipment Market Analysis and Forecast (2023- 2030)
10.1 Introduction
10.2 Asia Pacific Fitness Equipment Market Share Analysis, By Type
10.3 Asia Pacific Fitness Equipment Market Size and Forecast, By End User
10.4 Asia Pacific Fitness Equipment Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Fitness Equipment Market Analysis and Forecast (2023- 2030)
11.1 Introduction
11.2 Latin America Fitness Equipment Market Share Analysis, By Type
11.3 Latin America Fitness Equipment Market Size and Forecast, By End User
11.4 Latin America Fitness Equipment Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Fitness Equipment Market Analysis and Forecast (2023- 2030)
12.1 Introduction
12.2 Middle East Fitness Equipment Market Share Analysis, By Type
12.3 Middle East Fitness Equipment Market Size and Forecast, By End User
12.4 Middle East Fitness Equipment Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Core Health and Fitness LLC.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Kettler (GB) Limited
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Johnson Health Tech Co. Ltd.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Amer Sports Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Icon Health & Fitness, Inc.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Torque Fitness LLC.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Nautilus, Inc.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 True Fitness Technology, Inc.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Technogym S.p.A.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Impulse (Qingdao) Health Tech Co. Ltd.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
