Global Fitness Equipment Market 2022-2028
MARKET OUTLOOK
As mentioned in Triton Market Research’s report, the global fitness equipment market is anticipated to register growth at a compound annual growth rate of 3.95% in value over the period of 2022-2028.
Factors such as the growing popularity of fitness culture, rising health consciousness due to obesity concerns, and advantages of fitness equipment are fueling the growth of the fitness equipment market. Additionally, the rising home workout trends and smart home gym equipment applications are offering new opportunities for the studied market over the forecast period.
However, the rising sale of fraudulent products and costly fitness equipment impede the overall development of the fitness equipment market globally.
REGIONAL OUTLOOK
The global fitness equipment market covers North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions.
Globally, the Asia-Pacific is expected to emerge as the fastest-growing region in the fitness equipment market over the forecasted period. The region’s growth can be attributed to the rising obesity levels and the increasing number of fitness influencers. In recent years, the high obesity levels have encouraged people to opt for gym memberships, which has surged the adoption of fitness equipment. Other than this, the pandemic induced home workout trends that fueled the fitness trends across major countries. Therefore, such factors drive the fitness equipment market’s growth across the APAC region.
COMPETITIVE OUTLOOK
The prominent companies studied in the fitness equipment market are iFIT Health and Fitness Inc, Life Fitness, Nautilus Inc, True Fitness Technology Inc, Gymequip EU, Johnson Health Tech Co Ltd, Impulse Health Tech Co Ltd, Cybex International Inc, Precor Incorporated, Total Fitness Equipment, Peloton Interactive Inc, Technogym SPA, Core Health and Fitness LLC, and Heinz Kettler GmbH and Co KG.
Core Health and Fitness LLC is an integrated global manufacturer of commercial fitness equipment. It has a robust market presence with a wide range of products, including cardio, strength, group cycling, and high-intensity interval training equipment. Additionally, the company’s products are marketed under brands like StairMaster, Schwinn, Nautilus, and Throwdown, among others. With operations across the globe, Core Health and Fitness is headquartered in Vancouver, the United States.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook