NEW YORK, June 20, 2022 (GLOBE NEWSWIRE) — The Global Fitness Equipment Market The size represented USD 10,982 Mn in 2021 and is estimated to reach USD 18,125 Mn by 2030, with a significant CAGR of 5.9% from 2022 to 2030.
The covid-19 pandemic, as well as rising rates of chronic diseases like cardiovascular disease, remain a major concern for health-conscious people. High urbanization, an increasingly sedentary lifestyle and a lack of fitness facilities since childhood have increased the burden of maintaining good health on people. As a result, having affordable and convenient access to equipment such as treadmills, stationary bikes, and strength training equipment is critical to maintaining a healthy lifestyle for people around the world.
Request a free sample report @
|Market||Fitness Equipment Market|
|Market size 2021||USD 10,982 million|
|Market Forecast 2030||$18.125 million|
|CAGR||5.9% During 2022 – 2030|
|Analysis period||2018 – 2030|
|forecast data||2022 – 2030|
|Covered segments||By type, by end use, by region|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa|
|Key Companies Profiled||Anta Sports, Core Health and Fitness, LLC, ICON Health & Fitness, Inc., Johnson Health Tech Co., Ltd., Nautilus, Inc., Impulse (Qingdao) Health Tech Co., Ltd., Peloton, Technogym SpA, Torque Gym, LLC. and TRUE Fitness Technology, Inc.|
|Report Coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiles, Regulations Analysis|
|Customization Scope||10 hours of free customization and expert consultation|
Impact of Covid-19 on the global fitness equipment industry
According to research by The Global Health & Fitness Association, approximately 70 million people attended gyms in 2017, with a total of 60.9 million Americans as members. Americans are obsessed with being fit, and the rise in popularity of boutique fitness has only increased interest. With the spread of COVID-19, the importance and benefit of leading a healthy lifestyle has not diminished but has substantially altered. Americans looking for new and innovative ways to exercise and stay active at home looked for new and innovative ways to reduce stress and stay fit. As a result, since the epidemic, purchases of sports and fitness equipment have increased by approximately 23%.
Check the detailed index of the report @
Global Fitness Equipment Market Growth Factors
The demand for fitness equipment has increased globally due to increased health awareness. The rise in the prevalence of obesity and health awareness has significantly fueled the growth of the global fitness equipment market. Remote work, while flexible, often leads to less exercise, poor dietary control, and a significant impact on physical and mental health. The growing awareness of lifestyle disorders, such as diabetes and cardiovascular diseases, as well as their higher prevalence among white-collar employees and an increasingly sedentary lifestyle, promises an ever-increasing scenario of potential for participants in the fitness equipment market.
Today, artificial intelligence (AI) and machine learning technology are being integrated into home fitness equipment, which is helping to develop the global fitness equipment market. The AI-based personal trainer is projected to be the next big thing in the home exercise equipment industry. Also, due to the increase in disposable income, the desire to preserve physical and mental health, and the growing trend of bodybuilding, the demand for home fitness equipment is increasing in emerging economies.
Segmentation of the global fitness equipment market
The fitness equipment market is divided into three categories: type, end use, and geography. Based on the type, the fitness equipment market is divided into strength training equipment, cardiovascular training equipment, and other types. Free weights and other machines are covered under strength training equipment. The cardio training equipment segment is further classified into treadmills, exercise bikes, elliptical trainers, and others. In addition, the other equipment segment includes body analyzers and activity monitors or trackers. Based on our analysis, the cardio fitness equipment segment achieved a substantial market share in 2021.
Based on end use, the market is categorized into household consumers, health clubs/gyms, and other commercial users. The domestic consumer segment is divided into home, apartment, and apartment gyms. In addition, the other segment of business users includes corporate offices, hotels, hospitals and medical centers, and public institutions (schools, universities and others). In 2021, the domestic consumption segment accumulated a significant share of participation. Home users buy a variety of training equipment for their use. Health clubs, gyms, and fitness facilities buy commercial exercise machines. Fitness equipment is a must for your core business. The pandemic forced the closure of gyms and health clubs around the world, affecting the entire business but creating opportunities for domestic consumers.
Regional Fitness Equipment Market Posture
The regional segmentation of the market includes North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa. Based on regions, North America maintained the leading market share in 2021. The high growth in the region is attributed to the rising trend of home fitness equipment, growing awareness to maintain physical health, and rising demand for fitness. However, the Asia-Pacific region is likely to record the fastest growth during the 2022-2030 forecast period. Rising disposable income, rising government initiatives and a growing urban population in countries such as China and India are expected to support the further growth of the Asia-Pacific fitness equipment market.
Purchase this premium research report:
The fitness equipment industry involves many key players. Major players featured in the report include Johnson Health Tech Co., Ltd., ICON Health & Fitness, Inc., Peloton, Impulse (Qingdao) Health Tech Co., Ltd., Technogym SpA, Nautilus, Inc., Torque Fitness, LLC, Anta Sports, Core Health and Fitness, LLC and TRUE Fitness Technology, Inc.
Explore More Consumer Goods and Food & Beverage Industry Research Topics:
global nutrition and weight control market it is expected to reach the market value of around USD 315.5 billion by 2027, growing at a CAGR of around 7.0% from 2020 to 2027.
global home fitness market it is expected to grow at a CAGR of around 4.7% from 2020 to 2027 and is expected to reach a market value of around $14.8 billion by 2027.
the world wine market it is anticipated to grow at a CAGR of around 6.5% during the forecast period of 2021 to 2028 and reach around US$689.3 billion by 2028.
global Market of table and kitchen products it is expected to grow at a CAGR of around 4.5% between 2021 and 2028 and is expected to reach a market value of around US$70.5 billion by 2028.
About Acumen Research and Consulting:
Acumen Research and Consulting is a global provider of market intelligence and consulting services for the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps investment communities, IT professionals, and business executives make fact-based decisions about technology purchases and develop sound growth strategies to sustain market competition. With a team of more than 100 analysts and a collective industry experience of more than 200 years, Acumen Research and Consulting claims to offer a combination of industry knowledge along with global and national experience.
To get the latest update, follow us on Twitter Y, LinkedIn
Mr Richard Johnson
Acumen Research and Consulting