Global Fitness Equipment Market Overview:
According to SPER Market Research, the Global Fitness Equipment Market is estimated to reach USD 17.53 billion by 2032 with a CAGR of 3.54%.
As more individuals are getting interested in fitness, the worldwide market for Fitness Equipment Market has been growing at a respectable rate. By providing specialised workout equipment to an individual, the fitness sector has significantly expanded in terms of gym design and a holistic notion of fitness. The global rise in obesity rates, the rise in disposable income in emerging nations, and the rise in the proportion of young people in developing areas are the main drivers impacting market expansion.The opportunity to buy used goods might make it more difficult to buy brand-new workout equipment. Due to their affordability, used items are increasingly preferred over brand-new ones by fitness facility owners and patrons. In this situation, it's anticipated that consumer behaviour will shift quickly and that used gym equipment would be utilised extensively. The demand for high-end gym equipment will be fuelled by rising disposable income and customer knowledge of the newest technology.
Impact of COVID-19 on the Global Fitness Equipment Market
The COVID-19 pandemic had a favourable effect on the market for fitness equipment. The epidemic enforced new rules and conventions, such as social seclusion and lockdowns, to stop the virus' spread. People were thus compelled to stay at home, which led to the emergence of fresh fads like at-home fitness. During the pandemic, the demand for exercise equipment was driven by the increased popularity of at-home training. Exercise applications and platforms saw substantial growth as a result of the pandemic due to the increased focus on self-care, fitness, and health.The epidemic has increased public awareness of health issues and motivated people to improve their physical health and immune systems. Lockdown has caused gym closures all around the world and, as a result, a shift in gym-goers to home training equipment starting in 2020. A greater understanding of health and fitness. The growth of the home Fitness Equipment Market is anticipated to be significantly fuelled by increased awareness of health and fitness. But in the same year, the size of the Fitness Equipment Market as a whole shrank.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Equipment, By Product Type, By End Use, By Distribution Channel |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Acme Fitness Pvt. Ltd., Aerofit, Amer Sports (Precor), Brunswick Corporation, China Nityasach Fitness Pvt. Ltd. (Aerofit), 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 (Qingdao) 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.
|
Global Fitness Equipment Market Segmentation:
By Equipment: Based on the Equipment, Global Fitness Equipment Market is segmented as; Cardiovascular Training Equipment (Climbers, Elliptical Machines, Exercise Bikes,Treadmills), Strength Training Equipment (Barbells & Ladders, Extension Machines, Power Racks, Weightlifting, Weights) and Others.
By Product Type: Based on the Product Type, Global Fitness Equipment Market is segmented as; Rowing Machines, Stationary Machines and Other Product Types.
By End Use: Based on the End Use, Global Fitness Equipment Market is segmented as; Commercial, Corporate, Offices, Health Club, Home Care, Hotel, Residential and Others.
By Distribution Channel: Based on the Distribution Channel, Global Fitness Equipment Market is segmented as;Direct, Indirect, Specialty Sports Shop, Sports Goods Store, Offline Retail Stores and Online Retail Stores.
By Region: The regions of North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa are all included in the worldwide market for exercise equipment.Over the anticipated period, the Asia-Pacific is anticipated to become the region with the quickest rate of growth in the fitness equipment market. The rising rates of obesity and the rise of fitness influencers are two factors that have contributed to the region's growth.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 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 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Fitness Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Global Fitness Equipment Market, By Equipment, 2019-2032 (USD Million)
6.1. Cardiovascular Training Equipment
6.1.1. Climbers
6.1.2. Elliptical Machines
6.1.3. Exercise Bikes
6.1.4. Treadmills
6.2. Strength Training Equipment
6.2.1. Barbells & Ladders
6.2.2. Extension Machines
6.2.3. Power Racks
6.2.4. Weightlifting
6.2.5. Weights
6.3. Others
7. Global Fitness Equipment Market, By Product Type, 2019-2032 (USD Million)
7.1. Rowing Machines
7.2. Stationary Machines
7.3. Other Product Types
8. Global Fitness Equipment Market, By End Use, 2019-2032 (USD Million)
8.1. Commercial
8.2. Corporate Offices
8.3. Health Club
8.4. Home Care
8.5. Hotel
8.6. Residential
8.7. Others
9. Global Fitness Equipment Market, By Distribution Channel, 2019-2032 (USD Million)
9.1. Direct
9.2. Indirect
9.3. Specialty Sports Shop
9.4. Sports Goods Store
9.5. Offline Retail Stores
9.6. Online Retail Stores
10. Global Fitness Equipment Market, By Region, 2019-2032 (USD Million)
10.1. North America
10.1.1. Canada
10.1.2. Mexico
10.1.3. United States
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Rest of Europe
10.2.5. Spain
10.2.6. United Kingdom
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. Rest of Asia-Pacific
10.3.6. South Korea
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
10.5. Middle East & Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Rest of Middle East & Africa
11. Company Profiles
11.1. Acme Fitness Pvt. Ltd.
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Aerofit
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Amer Sports (Precor)
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Brunswick Corporation
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. China Nityasach Fitness Pvt. Ltd. (Aerofit)
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Core Health and Fitness LLC
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Cybex International Inc
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Dyaco International Inc.
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Fitness World
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. General Electric
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Gymequip Eu
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. Health Technology Co., Ltd.
11.12.1. Company details
11.12.2. Financial outlook
11.12.3. Product summary
11.12.4. Recent developments
11.13. Heinz Kettler GmbH and Co.
11.13.1. Company details
11.13.2. Financial outlook
11.13.3. Product summary
11.13.4. Recent developments
11.14. Hoist Fitness Systems, Inc
11.14.1. Company details
11.14.2. Financial outlook
11.14.3. Product summary
11.14.4. Recent developments
11.15. Icon Health & Fitness, Inc.
11.15.1. Company details
11.15.2. Financial outlook
11.15.3. Product summary
11.15.4. Recent developments
11.16. Ifit Health and Fitness Inc
11.16.1. Company details
11.16.2. Financial outlook
11.16.3. Product summary
11.16.4. Recent developments
11.17. Impulse Health Tech Co. Ltd
11.17.1. Company details
11.17.2. Financial outlook
11.17.3. Product summary
11.17.4. Recent developments
11.18. Jerai Fitness Pvt. Ltd.
11.18.1. Company details
11.18.2. Financial outlook
11.18.3. Product summary
11.18.4. Recent developments
11.19. Johnson Health Tech Co. Ltd.
11.19.1. Company details
11.19.2. Financial outlook
11.19.3. Product summary
11.19.4. Recent developments
11.20. Life Fitness
11.20.1. Company details
11.20.2. Financial outlook
11.20.3. Product summary
11.20.4. Recent developments
11.21. Nautilus, Inc.
11.21.1. Company details
11.21.2. Financial outlook
11.21.3. Product summary
11.21.4. Recent developments
11.22. Nordictrack
11.22.1. Company details
11.22.2. Financial outlook
11.22.3. Product summary
11.22.4. Recent developments
11.23. Nortus Fitness
11.23.1. Company details
11.23.2. Financial outlook
11.23.3. Product summary
11.23.4. Recent developments
11.24. Omron Healthcare, Inc.
11.24.1. Company details
11.24.2. Financial outlook
11.24.3. Product summary
11.24.4. Recent developments
11.25. PanattaSrl
11.25.1. Company details
11.25.2. Financial outlook
11.25.3. Product summary
11.25.4. Recent developments
11.26. Paramount Fitness Corporation
11.26.1. Company details
11.26.2. Financial outlook
11.26.3. Product summary
11.26.4. Recent developments
11.27. Peloton Interactive, Inc.
11.27.1. Company details
11.27.2. Financial outlook
11.27.3. Product summary
11.27.4. Recent developments
11.28. Precor Incorporated
11.28.1. Company details
11.28.2. Financial outlook
11.28.3. Product summary
11.28.4. Recent developments
11.29. Schnell Trainigsgerate GmbH
11.29.1. Company details
11.29.2. Financial outlook
11.29.3. Product summary
11.29.4. Recent developments
11.30. Technogym S.p.a
11.30.1. Company details
11.30.2. Financial outlook
11.30.3. Product summary
11.30.4. Recent developments
11.31. Torque Fitness, LLC
11.31.1. Company details
11.31.2. Financial outlook
11.31.3. Product summary
11.31.4. Recent developments
11.32. True Fitness Technology, Inc.
11.32.1. Company details
11.32.2. Financial outlook
11.32.3. Product summary
11.32.4. Recent developments
11.33. Tunturi New Fitness BV
11.33.1. Company details
11.33.2. Financial outlook
11.33.3. Product summary
11.33.4. Recent developments