Global Fitness Equipment Market 2024-2028
The fitness equipment market is forecasted to grow by USD 4.09 bn during 2023-2028, accelerating at a CAGR of 6.01% during the forecast period. The report on the fitness equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for home fitness equipment, technological advancements in fitness equipment, and rising number of overweight and obese people.
Technavio's fitness equipment market is segmented as below:
By Product
- Cardiovascular training equipment
- Strength training equipment
- Other equipment
By End-user
- Individual users
- Health clubs
- gyms
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the collaborations between vendors and technology providers as one of the prime reasons driving the fitness equipment market growth during the next few years. Also, ease of use provided by advanced fitness equipment and rising demand for fitness equipment from developing economies will lead to sizable demand in the market.
The report on the fitness equipment market covers the following areas:
- Fitness equipment market sizing
- Fitness equipment market forecast
- Fitness equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fitness equipment market vendors that include BowFlex, Body Solid Inc., Concept2 Inc., Dyaco International Inc., Exercycle SL, gym80 International GmbH, Icon Health and Fitness Inc., Impulse Fitness Sdn Bhd, Johnson Health Tech Co. Ltd., Keiser Corp., Les Mills International Ltd., Life Fitness, LifeSpanFitness, Peloton Interactive Inc., Performance Health Systems LLC., Rogue Fitness, Royal Play Equipments Pvt Ltd., TECHNOGYM S.p.A, Titan Brands, True Fitness Technology Inc., Tunturi New Fitness BV, and WOODWAY Inc.. Also, the fitness equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.