Global Fitness Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fitness Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fitness equipment is a subset of the larger sporting goods sector. Fitness equipment is any machine or device required for physical exercise to manage overall weight, improve physical stamina, and develop muscular strength. Meanwhile, fitness equipment is used to perform physical exercises to manage the overall weight, to improve physical stamina, and develop body muscles and their strength. Fitness equipment range from simple spring-like devices to computerized electromechanical rides. Treadmills, exercise bike, elliptical, rower, strength equipment. are widely used fitness equipment.

Market Overview:

The latest research study on the global Fitness Equipment market finds that the global Fitness Equipment market reached a value of USD 13563.01 million in 2022. It’s expected that the market will achieve USD 18244.32 million by 2028, exhibiting a CAGR of 5.07% during the forecast period.

The improvement of people's health awareness

With the change of modern people's lifestyles and the enhancement of health awareness, people begin to realize the necessity of fitness gradually. Fitness awareness is another key driver of the Fitness Equipment market. In developing countries like China and India, increasing middle-class income and an increasing number of desk jobs have resulted in the rapid growth of the fitness industry. Metro cities in these countries are heavily crowded and many streets in metro cities are not suitable for outdoor sports. Hence, fitness service providers in these countries are increasingly providing Fitness Equipment facilities to their customers.

Market Risks

The risk of changes in the macro environment
Changes in the macroeconomic environment caused a decline in the level of residents' income, a decrease in government fiscal expenditures, and a reduction in the states policy support for the sports industry, which may have an adverse impact on the development of the industry.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects

Company Overview:

Icon Health & Fitness is one of the major players operating in the Fitness Equipment market, holding a share of 18.8% in 2021.

Icon Health & Fitness

Icon Health & Fitness, Inc. (stylized as ICON Health & Fitness) is a manufacturer, developer, and marketer of exercise equipment based in Logan, Utah, United States. ICON Health & Fitness has a wide range of brands, products and technologies, including the brands NordicTrack, ProForm, Weider, Gold's Gym and FreeMotion Fitness. Icon Health & Fitness, Inc. develops, manufactures, and markets fitness equipment. The Company provides treadmills, elliptical machines, exercise and stationary bikes, weight benches, yoga and pilates equipment, hand-held exercise products, performance apparels, and strength training products. Icon Health & Fitness distributes its products worldwide.

Peloton

Peloton Interactive, Inc. provides recreational facilities and services. The Company offers workout bikes for indoor cycling, as well as other fitness-related instruments.

Segmentation Overview:

Among different product types, Treadmills segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Offline Retail Stores segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fitness Equipment market covered in Chapter 3:

Impulse
Shuhua Sports
Dyaco
BH Fitness
Concept2
Johnson Health Tech
Peloton
Landice
WaterRower
Technogym
WNQ Fitness
Shanxi Orient
Nautilus
Precor
Life Fitness
True Fitness
ICON Health & Fitness

In Chapter 4 and Chapter 14.2, on the basis of types, the Fitness Equipment market from 2018 to 2029 is primarily split into:

Treadmill
Exercise Bike
Elliptical
Rower
Strength Equipment
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fitness Equipment market from 2018 to 2029 covers:

Online Retail Stores
Offline Retail Stores

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)