Fitness Equipment Market Revenue, Growth, Trends, Opportunities and Future Investment 2033
Fitness Equipment Market Size- By Equipment, By Product Type, By End User, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2023 | Report ID: MACH2317 | Pages: 1 - 251 | Formats*: |
| Category : Equipment and Machinery | |||
Global Fitness Equipment Market Overview
According to SPER Market Research, the Global Fitness Equipment Market is estimated to reach USD 14.18 billion by 2033 with a CAGR of 0.55%.
Any gadget or item required for physical activity to manage overall weight, enhance physical stamina, and develop muscular strength is considered fitness equipment. Global demand for workout equipment has increased due to increased health awareness. Furthermore, physical activity is recommended for certain medical treatments. Treadmills, elliptical machines, stationary bicycles, weightlifting machines and strength development machines, and other types of fitness equipment are the most widely used.
Exploring the Growth Drivers of the Global Fitness Equipment Industry.
The global demand for fitness equipment has witnessed a surge due to heightened awareness about health and fitness. The increasing prevalence of obesity and a growing focus on personal well-being have significantly contributed to the expansion of the global exercise equipment industry. Additionally, factors such as a rise in gym memberships, growing sales of home-based fitness equipment, urban population growth, and government initiatives promoting healthy living have further propelled the adoption of exercise equipment. People are increasingly recognizing the importance of maintaining an active lifestyle and prioritizing physical fitness and health. This trend has spurred the global demand for fitness equipment. Moreover, as the global population ages, there is an increasing need for exercise and fitness equipment tailored to seniors, leading to a growing demand for senior-specific devices. The exercise equipment industry has also experienced notable technological advancements, leading to the introduction of innovative and high-tech equipment, further fueling the demand for new and improved fitness products.
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What challenges does the Global Fitness Equipment Market face?
The worldwide fitness equipment industry is confronted with a number of problems, including intense competition. The fitness equipment industry is very competitive, with many existing competitors and new entrants joining the market on a regular basis, making it difficult for enterprises to maintain their market position. Fitness equipment can be costly, which might limit demand, particularly in underdeveloped nations where individuals may not be able to buy costly equipment. Regular maintenance and repairs are required for workout equipment, which can be costly, particularly for commercial gyms and fitness facilities. Because many gyms and fitness centres have limited space, they may be unable to offer a diverse choice of equipment, leading to increasing rivalry for space and equipment.
In what ways has the COVID-19 pandemic affected Global Fitness Equipment Market?
The COVID-19 epidemic had a positive impact on the global fitness equipment market. To restrict the virus's spread, the outbreak imposed new regulations and norms, such as social seclusion and lockdowns. People were consequently forced to stay at home, giving rise to new fads such as at-home exercise. The rising popularity of at-home training drove the need for fitness equipment during the epidemic. Because of the increasing emphasis on self-care, fitness, and health as a result of the pandemic, exercise applications and platforms saw significant growth. The outbreak has raised public awareness about health issues and inspired people to strengthen their physical and immune systems. Lockdown has resulted in gym closures all around the world. Increased awareness of health and fitness is expected to considerably boost the growth of the Global Fitness Equipment Market. However, the overall size of the Global Fitness Equipment Market declined in the same year.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Equipment, By Product Type, By End User, By Distribution Channel |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Acme Fitness Pvt. Ltd., Aerofit, Amer Sports (Precor), Brunswick Corporation, China Nityasach Fitness Pvt. Ltd., Core Health and Fitness LLC, Cybex International, Inc., Dyaco International Inc., Fitness World, General Electric, Gymequip Eu, Health Technology Co., Ltd., Heinz Kettler GmbH and Co., Hoist Fitness Systems Inc., Icon Health and Fitness Inc., Ifit Health and Fitness Inc., Impulse Health Tech Co. Ltd., Jerai Fitness Pvt. Ltd., Johnson Health Tech Inc., Life Fitness, Nautilus Inc., Nordictrack, Nortus Fitness, Omron Healthcare, Inc., PanattaSrl, Paramount Fitness Corporation, Peloton Interactive, Inc., Precor Incorporated, Schnell Trainigsgerate GmbH, Technogym S.p.a, Torque Fitness LLC, True Fitness Technology Inc., Tunturi New Fitness BV, Others |
Key Target Audience
- Fitness Clubs and Gyms
- Fitness Enthusiasts
- Fitness Equipment Manufacturers
- Government Organizations and Regulatory Bodies
- Investors
- Research and Development Teams
Global Fitness Equipment Market Segmentation:
1. By Equipment:
- Global Fitness Equipment Market Value Share and Forecast, By Equipment, 2023-2033
- Cardiovascular Training Equipment
- Strength Training Equipment
- Others
2. By Product Type:
- Global Fitness Equipment Market Value Share and Forecast, By Product Type, 2023-2033
- Rowing Machines
- Stationary Machines
- Other Product Types
3. By End User:
- Global Fitness Equipment Market Value Share and Forecast, By End User, 2023-2033
- Commercial
- Corporate Offices
- Health Club
- Home Care
- Hotel
- Residential
- Others
4. By Distribution Channel:
- Global Fitness Equipment Market Value Share and Forecast, By Distribution Channel, 2023-2033
- Direst Sales
- Indirect Sales
- Specialty Sports Shop
- Sports Goods Store
- Offline Retail Stores
- Online Retail Stores
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Global Fitness Equipment Market Size (FY’2023-FY’2033)
- Overview of Global Fitness Equipment Market
- Segmentation of Global Fitness Equipment Market By Equipment (Cardiovascular Training Equipment, Strength Training Equipment, Others)
- Segmentation of Global Fitness Equipment Market By Product Type (Rowing Machines, Stationary Machines, Other Product Types)
- Segmentation of Global Fitness Equipment Market By End-User (Commercial, Corporate Offices, Health Club, Home Care, Hotel, Residential, Others)
- Segmentation of Global Fitness Equipment Market By Distribution Channel (Direst Sales, Indirect Sales, Specialty Sports Shop, Sports Goods Store, Offline Retail Stores, Online Retail Stores)
- Statistical Snap of Global Fitness Equipment Market
- Growth Analysis of Global Fitness Equipment Market
- Problems and Challenges in Global Fitness Equipment Market
- Competitive Landscape in the Global Fitness Equipment Market
- Impact of COVID-19 and Demonetization on Global Fitness Equipment Market
- Details on Recent Investment in Global Fitness Equipment Market
- Competitive Analysis of Global Fitness Equipment Market
- Key Players in the Global Fitness Equipment Market
- SWOT Analysis of Global Fitness Equipment Market
- Global Fitness Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Fitness Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Fitness Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fitness Equipment Market
7. Global Fitness Equipment Market, By Equipment (USD Million)
7.1. Global Fitness Equipment Market Value Share and Forecast, By Equipment, 2023-20337.2. Cardiovascular Training Equipment
7.2.1. Climbers7.2.2. Elliptical Machines7.2.3. Exercise Bikes7.2.4. Treadmills
7.3. Strength Training Equipment
7.3.1. Barbells & Ladders7.3.2. Extension Machines7.3.3. Power Racks7.3.4. Weightlifting7.3.5. Weights
7.4. Others
8. Global Fitness Equipment Market, By Product Type (USD Million)
8.1. Global Fitness Equipment Market Value Share and Forecast, By Product Type, 2023-20338.2. Rowing Machines8.3. Stationary Machines8.4. Other Product Types
9. Global Fitness Equipment Market, By End User (USD Million)
9.1. Global Fitness Equipment Market Value Share and Forecast, By End User, 2023-20339.2. Commercial9.3. Corporate Offices9.4. Health Club9.5. Home Care9.6. Hotel9.7. Residential9.8. Others
10. Global Fitness Equipment Market, By Distribution Channel (USD Million)
10.1. Global Fitness Equipment Market Value Share and Forecast, By Distribution Channel, 2023-203310.2. Direst Sales10.3. Indirect Sales10.4. Specialty Sports Shop10.5. Sports Goods Store10.6. Offline Retail Stores10.7. Online Retail Stores
11. Global Fitness Equipment Market Forecast, 2019-2033 (USD Million)
11.1. Global Fitness Equipment Market Size and Market Share
12. Global Fitness Equipment Market, By Equipment, 2019-2033 (USD Million)
12.1. Global Fitness Equipment Market Size and Market Share By Equipment (2019-2026)12.2. Global Fitness Equipment Market Size and Market Share By Equipment (2027-2033)
13. Global Fitness Equipment Market, By Product Type, 2019-2033 (USD Million)
13.1. Global Fitness Equipment Market Size and Market Share By Product Type (2019-2026)13.2. Global Fitness Equipment Market Size and Market Share By Product Type (2027-2033)
14. Global Fitness Equipment Market, By End User, 2019-2033 (USD Million)
14.1. Global Fitness Equipment Market Size and Market Share By End User (2019-2026)14.2. Global Fitness Equipment Market Size and Market Share By End User (2027-2033)
15. Global Fitness Equipment Market, By Distribution Channel, 2019-2033 (USD Million)
15.1. Global Fitness Equipment Market Size and Market Share By Distribution Channel (2019-2026)15.2. Global Fitness Equipment Market Size and Market Share By Distribution Channel (2027-2033)
16. Global Fitness Equipment Market, By Region, 2019-2033 (USD Million)
16.1. Global Fitness Equipment Market Size and Market Share By Region (2019-2026)16.2. Global Fitness Equipment Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific
16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada16.6.2. Mexico16.6.3. United States
16.7. Latin America
16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Acme Fitness Pvt. Ltd.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Aerofit17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Amer Sports (Precor)17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Brunswick Corporation17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. China Nityasach Fitness Pvt. Ltd.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Core Health and Fitness LLC17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Cybex International, Inc.17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Dyaco International Inc.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Fitness World17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. General Electric17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Gymequip Eu17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Health Technology Co., Ltd.17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. Heinz Kettler GmbH and Co.17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. Hoist Fitness Systems Inc.17.14.1. Company details17.14.2. Financial outlook17.14.3. Product summary17.14.4. Recent developments17.15. Icon Health and Fitness Inc.17.15.1. Company details17.15.2. Financial outlook17.15.3. Product summary17.15.4. Recent developments17.16. Ifit Health and Fitness Inc.17.16.1. Company details17.16.2. Financial outlook17.16.3. Product summary17.16.4. Recent developments17.17. Impulse Health Tech Co. Ltd.17.17.1. Company details17.17.2. Financial outlook17.17.3. Product summary17.17.4. Recent developments17.18. Jerai Fitness Pvt. Ltd.17.18.1. Company details17.18.2. Financial outlook17.18.3. Product summary17.18.4. Recent developments17.19. Johnson Health Tech Inc.17.19.1. Company details17.19.2. Financial outlook17.19.3. Product summary17.19.4. Recent developments17.20. Life Fitness17.20.1. Company details17.20.2. Financial outlook17.20.3. Product summary17.20.4. Recent developments17.21. Nautilus Inc.17.21.1. Company details17.21.2. Financial outlook17.21.3. Product summary17.21.4. Recent developments17.22. Nordictrack17.22.1. Company details17.22.2. Financial outlook17.22.3. Product summary17.22.4. Recent developments17.23. Nortus Fitness17.23.1. Company details17.23.2. Financial outlook17.23.3. Product summary17.23.4. Recent developments17.24. Omron Healthcare, Inc.17.24.1. Company details17.24.2. Financial outlook17.24.3. Product summary17.24.4. Recent developments17.25. PanattaSrl17.25.1. Company details17.25.2. Financial outlook17.25.3. Product summary17.25.4. Recent developments17.26. Paramount Fitness Corporation17.26.1. Company details17.26.2. Financial outlook17.26.3. Product summary17.26.4. Recent developments17.27. Peloton Interactive, Inc.17.27.1. Company details17.27.2. Financial outlook17.27.3. Product summary17.27.4. Recent developments17.28. Precor Incorporated17.28.1. Company details17.28.2. Financial outlook17.28.3. Product summary17.28.4. Recent developments17.29. Schnell Trainigsgerate GmbH17.29.1. Company details17.29.2. Financial outlook17.29.3. Product summary17.29.4. Recent developments17.30. Technogym S.p.a17.30.1. Company details17.30.2. Financial outlook17.30.3. Product summary17.30.4. Recent developments17.31. Torque Fitness LLC17.31.1. Company details17.31.2. Financial outlook17.31.3. Product summary17.31.4. Recent developments17.32. True Fitness Technology Inc.17.32.1. Company details17.32.2. Financial outlook17.32.3. Product summary17.32.4. Recent developments17.33. Tunturi New Fitness BV17.33.1. Company details17.33.2. Financial outlook17.33.3. Product summary17.33.4. Recent developments17.34. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Fitness Equipment Market is projected to reach USD 14.18 billion by 2033, growing at a CAGR of 0.55% during the forecast period.
The Fitness Equipment Market grew in market size from 2022. The Market is expected to reach USD 14.18 billion by 2033, at a CAGR of 0.55% during the forecast period.
The Fitness Equipment Market CAGR of 0.55% during the forecast period.
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The Fitness Equipment Market size is USD 14.18 billion from 2023 to 2033.
The Fitness Equipment Market segment is Covered By Equipment, By Product Type, By End User, By Distribution Channel.
The North America region is anticipated to have the highest market share in the Fitness Equipment Market.
The key players in the market include Companies Covered Acme Fitness Pvt. Ltd., Aerofit, Amer Sports (Precor), Brunswick Corporation, China Nityasach Fitness Pvt. Ltd., Core Health and Fitness LLC, Cybex International, Inc., Dyaco International Inc., Fitness World, General Electric, Gymequip Eu, Health Technology Co., Ltd., Heinz Kettler GmbH and Co.
Fitness Equipment Market has been growing at a respectable rate. By providing specialized workout equipment to an individual, the fitness sector has significantly expanded in terms of gym design and a holistic notion of fitness.
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