Fitness Equipment Market
Global Fitness Equipment Market Size, Share & Trends Analysis Report by Type (Cardiovascular Training Equipment and Strength Training Equipment), and by End-User (Health Clubs/Gyms, Residential, and Commercial) Forecast (2022-2028)
The global fitness equipment market is anticipated to grow at a significant CAGR of 3.4 % during the forecast period. An increased intake of energy-dense foods that are high in fat and sugars and an increase in physical inactivity are rising obesity problems. The increasing obesity among individuals is propelling the growth of the fitness equipment market over the forecast period. Most of the global population resides in countries where overweight and obesity kill more people than underweight. Childhood obesity is associated with a higher chance of obesity, premature death, and disability in adulthood. Additionally, an increase in childhood obesity rates is creating demand for the fitness equipment market. According to the World Health Organization (WHO), around 39 million children under the age of 5 were overweight or obese in 2020.
Impact of COVID-19 Pandemic on Global Fitness Equipment Market
COVID-19 pandemic has brought this fast-moving world to a standstill. The impact of this pandemic is massive, and the only strategy during the pandemic was to stop the rapid spread of the disease & follow social distancing. The imposed lockdown, resulting in the closure of business activities, public places, fitness and activity centers, and overall social life, has hampered the growth of the fitness equipment market. However, there was a gradual increase in positive self-perception and motivation to overcome their dependence on gyms and health clubs and people started purchasing equipment and fitness exercises at home, which had supported the fitness equipment market.
Segmental Outlook
The global fitness equipment market is segmented based on the type and end-user. Based on the type, the market is bifurcated into cardiovascular training equipment and strength training equipment. Based on the end-user, the market is augmented into health clubs/gyms, residential and commercial. The commercial segment is expected to cater to the growth in the market, owing to these commercial users, such as hotels, hospitals, public institutions, and corporate offices, who purchase fitness equipment to improve their business offerings is su[pporting the market growth.
Global Fitness Equipment Market Share by End-Users, 2021 (%)
The Health Clubs/Gyms Segment is Expected to Hold a Significant Share in the Global Fitness Equipment Market
Among the end-user segment, the health clubs/gyms are expected to hold a significant share in the market over the forecast. With the increasing emphasis on health and wellbeing; people are investing in various wellness types of equipment and fitness technology. In addition, supporting their physical as well as mental health and living active and healthy lifestyles is another factor propelling the growth of the market.
Regional Outlooks
The global fitness equipment market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is expected to grow at a considerable CAGR among the market over the forecast period. The rising youth population in the countries including India and China coupled with growing awareness concerned with fitness is major factor supporting in propelling the growth of the market across the region.
Global Fitness Equipment Market Growth, by Region 2022-2028
Europe is Expected to Hold the Prominent Share in the Global Fitness Equipment Market
Europe is expected to hold a prominent share in the fitness equipment market over the forecast period. Manufacturers are launching new solutions for consumers to cater to the demands is driving the growth of the market. for instance, in February 2021, Technogym launched MyRun, the treadmill with new on-demand training experiences for the whole family and sports enthusiasts. TECHNOGYM MYRUN is the home treadmill designed to meet the needs of the whole family and to offer customized running or walking programs suitable for users of all levels: from beginners to fitness lovers and sports enthusiasts.
Market Players Outlook
The major companies serving the global fitness equipment market include Anta Sports Products, Ltd., Core Health & Fitness LLC, Icon Health & Fitness, Inc., Impulse Health Technology Co., Ltd., Johnson Health Tech. Co., Ltd., Cybex International, Inc., Fitness World, Nautilus, Inc., NordicTrack, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, INALSA expanded into the fitness market with the launch of FITTYFY. This expansion by INALSA has been introduced to develop 360 health & wellness experience for customers. To keep up with COVID times, where gym and fitness centers were shut, building out some kind of home gym could help one stay healthy and active during quarantine times.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fitness equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Fitness Equipment Market
• Recovery Scenario of Global Fitness Equipment Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Anta Sports Products, Ltd.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Core Health & Fitness LLC (Star Trac)
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Icon Health & Fitness, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Impulse Health Technology Co., Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Johnson Health Tech. Co., Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Fitness Equipment Market by Type
4.1.1. Cardiovascular Training Equipment
4.1.2. Strength Training Equipment
4.2. Global Fitness Equipment Market by End-User
4.2.1. Health Clubs/Gyms
4.2.2. Residential
4.2.3. Commercial
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Acme Fitness Pvt. Ltd.
6.2. China Nityasach Fitness Pvt. Ltd. (Aerofit)
6.3. Cybex International, Inc.
6.4. Fitness World
6.5. Heinz kettler Gmbh and Co. KG
6.6. Hoist Fitness Systems, Inc.
6.7. Jerai Fitness Pvt. Ltd.
6.8. Life Fitness
6.9. Nautilus, Inc.
6.10. NordicTrack
6.11. Peloton Interactive, Inc.
6.12. Precor Inc.
6.13. Technogym S.p.A
6.14. Torque Fitness, LLC
6.15. True Fitness Technology, Inc.
1. GLOBAL FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL CARDIOVASCULAR TRAINING FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL STRENGTH TRAINING FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
5. GLOBAL FITNESS EQUIPMENT FOR HEALTH CLUBS/GYMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL FITNESS EQUIPMENT FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FITNESS EQUIPMENT FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
9. NORTH AMERICAN FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
10. NORTH AMERICAN FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
11. NORTH AMERICAN FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
12. EUROPEAN FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. EUROPEAN FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. EUROPEAN FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. ASIA-PACIFIC FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
18. REST OF THE WORLD FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. REST OF THE WORLD FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. REST OF THE WORLD FITNESS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL FITNESS EQUIPMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL FITNESS EQUIPMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL FITNESS EQUIPMENT MARKET, 2021-2028 (%)
4. GLOBAL FITNESS EQUIPMENT MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL CARDIOVASCULAR TRAINING FITNESS EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL STRENGTH TRAINING FITNESS EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL FITNESS EQUIPMENT MARKET SHARE BY END-USER, 2021 VS 2028 (%)
8. GLOBAL FITNESS EQUIPMENT FOR HEALTH CLUBS/GYMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL FITNESS EQUIPMENT FOR RESIDENTIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL FITNESS EQUIPMENT FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL FITNESS EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. US FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
14. UK FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD FITNESS EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
