Report

Fitness Equipment Market By Type (Strength Training Equipment, Cardiovascular Training Equipment, Other Equipment); By End-User (Home Consumer,, Health Clubs/Gyms, Other Commercial Users) Global Opportunity Analysis and Industry Forecast To 2030

  • Publish Date: Jul,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global fitness equipment market size was US$ 10,982 million in 2021. The global fitness equipment market size is forecast to reach US$ 18,125 million by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.

Fitness equipment is a piece of machinery that provides resistance to a person when they engage in physical activity to increase their strength and endurance, manage their weight, and improve their flexibility. It helps to improve one's appearance and personality. There is a variety of fitness gear accessible, including treadmills, ellipticals, weightlifting machines, and free weights. Health clubs, gyms, homes, and business settings use this equipment.

Factors Influencing Market Growth
Among the factors driving the global market include the rising health and fitness-conscious population and a surge in the number of gyms and fitness clubs.
The increasing obese population and rising number of chronic disorders boost the global market growth.
The increased cost of fitness equipment may slow down the overall market growth.
An increase in government initiatives to encourage a healthy lifestyle and growing concerns over health amid the COVID-19 pandemic is forecast to offer lucrative opportunities for the global market during the forecast period.

Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market. Sports enthusiasts changed their attention and opted to work out regularly at home because most countries were under lockdown due to the situation. Fitness tools including spin cycles, treadmills, dumbbells, and kettlebells have seen an increase in demand. Dumbbell sales exploded, according to eBay, rising by more than a thousand percent in 2020. Additionally, people's attention had focused on leading healthy lives and exercising due to the introduction of novel coronaviruses. The need for gym equipment surged during the epidemic as the elderly and millennials began to place more attention on regular exercise.

Regional Analysis
North America garnered substantial market revenue in 2021 and is forecast to remain dominant during the forecast period. As a result of the existence of key players, the growing base of chronic patients, the increasing prevalence of the obese population, and technological advancement.

The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the rising healthcare awareness among the population, increasing per capita income, and a surge in healthcare expenditure.

Leading Competitors
The leading prominent companies profiled in the global fitness equipment market are:
Anta Sports
Core Health and Fitness, LLC
ICON Health & Fitness, Incorporated
Johnson Health Tech Co., Limited
Nautilus, Inc.
Impulse (Qingdao) Health Tech Co., Limited
Peloton
Technogym S.p.A
Torque Fitness, LLC
TRUE Fitness Technology, Incorporated
Other Prominent Players

Scope of the Report
The global fitness equipment market segmentation focuses on Type, End-User, and Region.
Segmentation based on Type
Strength Training Equipment
o Free Weights
o Other Machines
Cardiovascular Training Equipment
o Stationary Cycles
o Treadmills
o Elliptical and Others
Other Equipment
o Body Analyzers
o Activity Monitors
Segmentation based on End-User
Home Consumer
o Home
o Apartment
o Gyms in Apartment
Health Clubs/Gyms
Other Commercial Users
o Hotels
o Corporate offices
o Hospitals & Medical Centers
o Public Institutions (Schools, Universities, and Others)
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Meta Title: Fitness Equipment Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Fitness Equipment Market is projected to reach US$ 18,125 million by the end of 2030 from US$ 10,982 million in 2021, at a CAGR of 5.9%
Meta Keywords: fitness equipment market Size, fitness equipment market share, fitness equipment market trend, fitness equipment market Forecast, fitness equipment market insight