The "Global Fitness Equipment Market by Product (Cardiovascular Training Equipment, Strength Training Equipment), Distribution (Offline Retail Store, Online Retail Store), End-user - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Fitness Equipment Market grew from USD 17.01 billion in 2023 to USD 17.97 billion in 2024. It is expected to continue growing at a CAGR of 5.75%, reaching USD 25.17 billion by 2030.
As the global population becomes more conscious about health and wellness, there has been a noticeable increase in gyms and fitness clubs, leading to an increased demand for advanced fitness equipment. Furthermore, chronic diseases are on a steady rise globally. As a result, more people are seeking ways to maintain a healthier lifestyle by incorporating regular exercise into their routines.
However, the high cost associated with the fitness equipment and the availability of counterfeit products is hampering the market growth. To overcome these issues, companies are investing in research and development. The demand for home fitness equipment has surged due to busy lifestyles, increasing disposable incomes, and the desire for convenience. Moreover, companies are integrating technology into modern-day fitness equipment, revolutionizing the industry.
Regional Insights
In the Americas region, specifically in the United States and Canada, there is a high demand for fitness equipment due to increasing health awareness among consumers and a rising number of sports clubs and gyms. Technological advancements such as connected devices and digital platforms integrated with fitness equipment are driving consumers' interest in customized workout experiences. In Europe, countries including Germany, France, Italy, Spain, and the UK dominate the fitness equipment market.
The European market reflects growing awareness about health benefits associated with regular exercise. In the EMEA region, the Middle East & Africa markets are witnessing increased demand for premium quality fitness equipment due to rising disposable incomes in some countries, including UAE and Saudi Arabia. In the Asia-Pacific region, China is expected to dominate the fitness equipment market due to rapid urbanization, leading to higher disposable incomes and increased investments in gym facilities by local governments.
Japan's aging population has resulted in an increased focus on healthcare-related initiatives that include an emphasis on physical exercise, hence boosting sales of home-based fitness equipment. In India, millennials' rapidly changing lifestyles and rising health consciousness are driving the demand for fitness equipment in gyms, health clubs, and homes.
Recent Developments
Chris Hemsworth's Centr Introduces All-New Line of Strength Equipment and Fitness Accessories
Centr has recently introduced 27 new products for fitness equipment. These products, including Fitness Kits and Strength Training Equipment, are now available online and in 3,000 Walmart stores. These physical products are designed with a sleek and modern aesthetic, perfectly complementing the digital membership tools offered by Centr.
We're investing in £175k worth of new gym equipment!
Luton Sports Village gym has invested £175,000 in new cardio equipment to enhance customers' experience and motivation. Moreover, the gym now offers more popular equipment and has introduced a revised functional area that includes the Hammer Strength HD Tread curved treadmill and Air Bike.
TRX ANNOUNCES ACQUISITION OF YBELL FITNESS
TRX has recently acquired YBell to offer customers a high-utility experience with minimal frills. With the integration of YBell into TRX's ecosystem, consumers, personal trainers, and gym owners access a comprehensive range of functional training equipment and related education. This strategic move solidifies TRX's commitment to providing top-notch fitness equipment and education to its valued clientele.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 198 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $17.97 Billion |
| Forecasted Market Value (USD) by 2030 | $25.17 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Market Dynamics
Market Segmentation Analysis
- Product: Increasing utilization of strength training equipment for muscle building
- Distribution: Growing preference for online retail stores with consumers seeking convenience
- End-User: Expanding the application of fitness equipment in fitness centers and gyms
Market Drivers
- Rising awareness for fitness and surge in number of gyms and fitness clubs
- Growing prevalence of obesity and chronic diseases globally
- Increasing government initiatives to promote health and fitness among the population
Market Restraints
- High cost associated with the fitness equipment
Market Opportunities
- Integration of smart devices with advanced features in fitness machines
- Increasing popularity of home fitness equipment
Market Challenges
- Availability of counterfeit products
Industry Insights
- Market Disruption Analysis
- Porter's Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
Key Company Profiles
- Amer Sports Corporation
- Body-Solid, Inc.
- Core Health & Fitness, LLC
- Decathlon S.A.
- Dyaco International Inc.
- Echelon Fit US
- HAMMER SPORT AG
- Horizon Fitness
- iFIT Inc. by Amynta Group
- Impulse (QingDao) Health Tech Co., Ltd.
- Jerai Fitness Pvt. Ltd.
- Johnson Health Tech Co., Ltd.
- Life Fitness
- Nautilus, Inc.
- Nityasach Fitness Pvt. Ltd.
- Nortus Fitness
- Precor Incorporated
- Rogue Fitness
- Shandong EM Health Industry Group Co., Ltd.
- Technogym S.p.a
- Torque Fitness
- True Fitness Technology, Inc.
- TRX
- Tuff Tread
- Yanre Fitness
Products
- Stationary Cycles
- Treadmills
- Strength Training Equipment
Distribution
- Offline Retail Store
- Online Retail Store
End-user
- Fitness Centers & Gyms
- Home Consumers
Region
Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
For more information about this report visit https://www.researchandmarkets.com/r/opm3x5
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