Fitness Equipment Market: By Product Type (Strength Training Equipment, Cardiovascular Training Equipment, Body Composition Analyzers, Fitness Monitoring Equipment and Others), By Application (Weight Loss, Body Building, Physical Fitness, Mental Fitness and Others), By Type (Outdoor and Indoor), By Distribution Channel (Retail Stores, Specialty and Sports Shops, Department and Discount Stores, Online and Others), By End User (Health Clubs/Gyms, Home Consumer, Hotels, Corporates, Hospital and Medical Centers, Public Institutions and Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Fitness Equipment Market: By Product Type (Strength Training Equipment, Cardiovascular Training Equipment, Body Composition Analyzers, Fitness Monitoring Equipment and Others), By Application (Weight Loss, Body Building, Physical Fitness, Mental Fitness and Others), By Type (Outdoor and Indoor), By Distribution Channel (Retail Stores, Specialty and Sports Shops, Department and Discount Stores, Online and Others), By End User (Health Clubs/Gyms, Home Consumer, Hotels, Corporates, Hospital and Medical Centers, Public Institutions and Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
PRODUCT OVERVIEW
The Global Fitness Equipment Market was valued at 12.69 billion USD in 2021 and is expected to reach 16.3 billion USD by 2032
Fitness equipment refers to the equipment used for maintaining fitness and is used during physical exercising activities. This equipment enhance the strength by improving physical fitness. Fitness equipment generally includes weights, treadmills, rowing machines, weight machines, elliptical cross trainer, stationary bikes etc. Fitness equipment assists in increasing the strength and endurance of a person as they manage weight and improve flexibility. The machinery helps in escalating the personality and appearance. These devices are generally used in gyms, fitness centers, in home for personal use and in corporate offices.
MARKET HIGHLIGHTS
The Global Fitness Equipment Market was valued at 12.69 billion USD in 2021 and is expected to reach 16.3 billion USD by 2032, increasing at a CAGR of 2.3% during the forecast period, 2022-2032 owing to the increased awareness towards health and fitness maintenance which boost the growth of Fitness equipment market. Rising urbanization is leading to the popularity of obesity and occurrence of chronic diseases due to maintenance of unhealthy lifestyles which is leading to the growth of global fitness industries.
Global Fitness Equipment Market Segments:
- By Product Type
- Strength Training Equipment
- Cardiovascular Training Equipment
- Body Composition Analyzers
- Fitness Monitoring Equipment
- Others
- By Application
- Weight Loss
- Body Building
- Physical Fitness
- Mental Fitness
- Others
- By Type
- Outdoor
- Indoor
- By Distribution Channel
- Retail Stores
- Specialty and Sports Shops
- Department and Discount Stores
- Online
- Others
- By End User
- Health Clubs/Gyms
- Home Consumer
- Hotels
- Corporates
- Hospital and Medical Centers
- Public Institutions
- Others
MARKET DYNAMICS
Growth Drivers
Increasing Health Consciousness Is Driving the Market Growth
Growing Desire Towards Digital Technology Is Aiding the Market Growth
Restraint
High Cost of Fitness Equipment May Hamper Market Growth
Key Players
- Torque Fitness
- Nautilus, Inc.
- TECHNOGYM S.p.A
- Johnson Health Tech
- TRUE FITNESS TECHNOLOGY, INC.
- Impulse (QingDao) Health Tech CO., LTD
- Body-Solid Inc.
- Life Fitness
- Fitness World
- Core Health & Fitness
- iFIT
- Shandong Aoxinde Fitness Equipment Co., Ltd.
- Precor Incorporated
- Afton
- REALLEADER FITNESS CO., LTD
- Other Prominent Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.