Market by Type, End-user, Distribution Channel, and Geography | Forecast 2022-2028
Fitness equipment is any gear or equipment used during physical activity
to improve the experience or outcome of an exercise by enhancing the strength
or conditioning advantages. The most common types of fitness equipment include
cardiovascular and strength training machines, Treadmills, free weights,
exercise cycles, weight machines, and elliptical trainers.
According to Triton Market Research’s report, the Global Fitness Equipment Market is likely to grow with a CAGR of 3.95% over the forecast period 2022-2028. The market was valued at $9.80 billion in 2021, and is expected to reach a revenue of $13.61 billion by 2028.
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MARKET PERFORMANCE – DRIVERS,
CHALLENGES, AND TRENDS
The market is driven by several factors, such as the growing popularity
of fitness culture, rising health consciousness due to an increase in obesity,
and advantages of fitness equipment. According to industry sources, the global
fitness and health club industry generates over $80 billion in revenue per
year. Furthermore, several fitness businesses continue to expand year after
year as consumers become more health-conscious. In addition, the media plays a
crucial part in establishing fitness culture with the growing focus on ideal
body image. With more and more people making fitness a lifestyle choice, the
gym culture is rapidly expanding. As a result, the shift in emphasis to a
healthy lifestyle has increased public awareness of fitness and wellness. That is why growing fitness culture results in a rise in the demand for fitness equipment.
Furthermore, working out at home became the pandemic fitness trend
resulting in the rapid growth of the virtual fitness industry. Consumers prefer
to continue working out at home because of the convenience and availability of
high-quality trainers online. Besides, home fitness solutions are growing more
prevalent as consumers place a greater emphasis on their health.
On the other hand, the market is threatened by increasing fraudulent products in the market. The counterfeiter products compete with the original products by offering customers a copy of the original product at a lower price. As a result, part of fitness companies’ revenues is lost to lower-cost items. Another consequence of counterfeiting is that companies take a hit on their reputation. Since many buyers are unaware that the items they are holding are counterfeit, they blame the original manufacturer when the knock-off item fails to operate correctly, falls apart quickly, or fails to meet their expectations. Therefore, the growing presence of fraudulent products affects the growth of fitness equipment, threatening the reputation of fitness brands.
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KEY GEOGRAPHIES COVERED:
•         North America:
United States and Canada
•         Europe: United
Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe
•         Asia-Pacific:
China, Japan, India, Australia, South Korea, ASEAN Countries, and Rest of
Asia-Pacific
•         Latin America:
Brazil, Mexico, and Rest of Latin America
•    Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of
Middle East & Africa
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SEGMENTATION ANALYSIS –
FITNESS EQUIPMENT MARKET:
•            Market by Type:
             o    Cardiovascular Equipment
             o    Strength Training Equipment
             o    Other Equipment
Cardiovascular equipment is estimated to
progress with the highest CAGR during the forecast period. Cardiovascular equipment is utilized to aid a
physical activity that the human body may employ to improve health, decrease
weight, and even relieve stress. A range of cardiovascular equipment is
available designed to provide the human body with an aerobic and strength
training workout. Treadmills, exercise bikes, ellipticals, stair climbers, and
rowing machines are examples of cardiovascular equipment.
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•           Market by End-user:
            o     Home
            o     Apartment
            o     Health Club/Gym
            o     Hotel
            o     Corporate Office
            o     Others
Health Club/Gym leads the market in terms of
revenue. A health club,
also known as a gym, or a fitness club (fitness center), is a physical training
institution that uses exercise equipment. Most health clubs hire personal
trainers to assist members in training, fitness, nutrition, health guidance,
and consultation.
Health stores providing snack bars, equipment, member lounges,
restaurants, cafés, and child-care facilities are common in newer health clubs.
Furthermore, some clubs have a sauna, steam room, swimming pool, and even
nutrition counseling. True fitness is one of the companies that partners with
health clubs/gyms and offers fitness equipment.
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•           Market by Distribution Channel:
            o     Online
            o     Offline
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COMPETITIVE LANDSCAPE:
The competitive landscape helps dive into data about the key players in the fitness equipment market. The strategic initiatives for each of the companies considered have been covered in detail.
Acquisition (July 2021): iFIT
Health and Fitness Inc and Sweat
iFIT Health and Fitness Inc, a health and fitness subscription
technology company, purchased Sweat, a pioneering platform for women’s health
and fitness.
New Product Launch (November
2021): Nautilus Inc
Nautilus Inc unveiled the Bowflex® Max Total® 16 cardio machine, the
flagship model in the one-of-a-kind Max Trainer range.
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Key Benefits & Deliverables of the Report:
•    Triton Market Research has a collective experience of 25-30 years
in the industry, with its analysts and experts encompassing the most infallible
research methodology for its market intelligence and industry analysis.
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•    Our research methodology helps in achieving a broader consensus of
the market size, shape, and industry trends within each industry segment.
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•    The strategy adopted in designing the research methodology
includes the amalgamation of the information assembled from primary and
secondary sources, with the assistance of analytical tools to construct the
forecast and predictive models.
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•    The scope of the market report comprises the current scenario of
the global fitness equipment market, along with the detailed overview of the
industry outlook, market dynamics, segmentation analysis, regional outlook, and
competitive landscape for the period 2022-2028.
FAQs:
Q 1) Which are the most
commonly used fitness equipment?
The most commonly used fitness equipment are free weights, training
benches, dumbbell sets, treadmills, stationary bikes, rowing machines, and
ellipticals.
Q 2) What is the fitness
equipment market size?
The global fitness equipment market size is projected to grow from $9.80
billion in 2021 to $13.61 billion by 2028, at a compound annual growth rate
(CAGR) of 3.95% during the forecast period 2022-2028.
Q 3) Which are the
well-established players in the market?
Peloton Interactive Inc, Life Fitness, Technogym SPA., Nautilus Inc,
Johnson Health Tech Co Ltd, iFIT Fitness and Health Inc are among the
well-established players in the global fitness equipment market.
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VIEW REPORT1. GLOBAL
FITNESS EQUIPMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON FITNESS EQUIPMENT MARKET
2.2. KEY INSIGHTS
2.2.1. RISING
ADOPTION OF WEARABLE DEVICES
2.2.2. INCREASING
POPULARITY OF HIGH-INTENSITY INTERVAL TRAINING
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. MERGERS
& ACQUISITIONS
2.6.2. CONTRACTS
& AGREEMENTS
2.6.3. PRODUCT
LAUNCHES
2.6.4. EXPANSIONS
& DIVESTITURES
2.7. MARKET
DRIVERS
2.7.1. GROWING
POPULARITY OF FITNESS CULTURE
2.7.2. RISING
HEALTH CONSCIOUSNESS DUE TO AN INCREASE IN OBESITY
2.7.3. ADVANTAGES
OF FITNESS EQUIPMENT
2.8. MARKET
CHALLENGES
2.8.1. INCREASING
FRAUDULENT PRODUCTS
2.8.2. COSTLY
FITNESS EQUIPMENT
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
HOME WORKOUTS
2.9.2. APPLICATIONS
OF SMART HOME GYM EQUIPMENT
3. GLOBAL
FITNESS EQUIPMENT MARKET OUTLOOK - BY TYPE
3.1. CARDIOVASCULAR
EQUIPMENT
3.2. STRENGTH
TRAINING EQUIPMENT
3.3. OTHER
EQUIPMENT
4. GLOBAL
FITNESS EQUIPMENT MARKET OUTLOOK - BY END-USER
4.1. HOME
4.2. APARTMENT
4.3. HEALTH
CLUB/GYM
4.4. HOTEL
4.5. CORPORATE
OFFICE
4.6. OTHERS
5. GLOBAL
FITNESS EQUIPMENT MARKET OUTLOOK - BY DISTRIBUTION CHANNEL
5.1. ONLINE
5.2. OFFLINE
6. GLOBAL
FITNESS EQUIPMENT MARKET – REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY TYPE
6.1.2. MARKET
BY END-USER
6.1.3. MARKET
BY DISTRIBUTION CHANNEL
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET
BY TYPE
6.2.2. MARKET
BY END-USER
6.2.3. MARKET
BY DISTRIBUTION CHANNEL
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. RUSSIA
6.2.4.7. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY TYPE
6.3.2. MARKET
BY END-USER
6.3.3. MARKET
BY DISTRIBUTION CHANNEL
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH
KOREA
6.3.4.5. ASEAN
COUNTRIES
6.3.4.6. AUSTRALIA
& NEW ZEALAND
6.3.4.7. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.4.1. MARKET
BY TYPE
6.4.2. MARKET
BY END-USER
6.4.3. MARKET
BY DISTRIBUTION CHANNEL
6.4.4. COUNTRY
ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST
OF LATIN AMERICA
6.5. MIDDLE
EAST AND AFRICA
6.5.1. MARKET
BY TYPE
6.5.2. MARKET
BY END-USER
6.5.3. MARKET
BY DISTRIBUTION CHANNEL
6.5.4. COUNTRY
ANALYSIS
6.5.4.1. UNITED
ARAB EMIRATES
6.5.4.2. SAUDI
ARABIA
6.5.4.3. TURKEY
6.5.4.4. SOUTH
AFRICA
6.5.4.5. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. CORE
HEALTH AND FITNESS LLC
7.2. CYBEX
INTERNATIONAL INC
7.3. GYMEQUIP
EU
7.4. HEINZ
KETTLER GMBH AND CO KG
7.5. IFIT
HEALTH AND FITNESS INC
7.6. IMPULSE
HEALTH TECH CO LTD
7.7. JOHNSON
HEALTH TECH CO LTD
7.8. LIFE
FITNESS
7.9. NAUTILUS
INC
7.10. PELOTON
INTERACTIVE INC
7.11. PRECOR
INCORPORATED
7.12. TECHNOGYM
SPA
7.13. TOTAL
FITNESS EQUIPMENT
7.14. TRUE
FITNESS TECHNOLOGY INC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL FITNESS
EQUIPMENT MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: PERCENTAGE OF OBESE
ADULTS BY COUNTRY IN 2021
TABLE 4: GLOBAL FITNESS EQUIPMENT
MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: GLOBAL FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL FITNESS
EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 7: GLOBAL FITNESS
EQUIPMENT MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA FITNESS
EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA FITNESS
EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE FITNESS
EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 13: EUROPE FITNESS
EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 15: EUROPE FITNESS
EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC FITNESS
EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC FITNESS
EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC FITNESS
EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA
FITNESS EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA
FITNESS EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 22: LATIN AMERICA FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 23: LATIN AMERICA
FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND
AFRICA FITNESS EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND
AFRICA FITNESS EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 26: MIDDLE EAST AND
AFRICA FITNESS EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 27: MIDDLE EAST AND
AFRICA FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $
MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: GLOBAL FITNESS EQUIPMENT MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE
3: GLOBAL FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT, 2022-2028 (IN
$ MILLION)
FIGURE
4: GLOBAL FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT, 2022-2028
(IN $ MILLION)
FIGURE
5: GLOBAL FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2022-2028 (IN $
MILLION)
FIGURE
6: GLOBAL FITNESS EQUIPMENT MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE
7: GLOBAL FITNESS EQUIPMENT MARKET, BY HOME, 2022-2028 (IN $ MILLION)
FIGURE
8: GLOBAL FITNESS EQUIPMENT MARKET, BY APARTMENT, 2022-2028 (IN $ MILLION)
FIGURE
9: GLOBAL FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2022-2028 (IN $
MILLION)
FIGURE
10: GLOBAL FITNESS EQUIPMENT MARKET, BY HOTEL, 2022-2028 (IN $ MILLION)
FIGURE
11: GLOBAL FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2022-2028 (IN $
MILLION)
FIGURE
12: GLOBAL FITNESS EQUIPMENT MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE
13: GLOBAL FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028
(IN %)
FIGURE
14: GLOBAL FITNESS EQUIPMENT MARKET, BY ONLINE, 2022-2028 (IN $ MILLION)
FIGURE
15: GLOBAL FITNESS EQUIPMENT MARKET, BY OFFLINE, 2022-2028 (IN $ MILLION)
FIGURE
16: GLOBAL FITNESS EQUIPMENT MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE
17: UNITED STATES FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
18: CANADA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
19: UNITED KINGDOM FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
20: GERMANY FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
21: FRANCE FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
22: SPAIN FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
23: ITALY FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
24: RUSSIA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
25: REST OF EUROPE FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
26: CHINA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
27: JAPAN FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
28: INDIA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
29: SOUTH KOREA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
30: ASEAN COUNTRIES FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
31: AUSTRALIA & NEW ZEALAND FITNESS EQUIPMENT MARKET 2022-2028 (IN $
MILLION)
FIGURE
32: REST OF ASIA-PACIFIC FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
33: BRAZIL FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
34: MEXICO FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
35: REST OF LATIN AMERICA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
36: UNITED ARAB EMIRATES FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
37: SAUDI ARABIA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
38: TURKEY FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
39: SOUTH AFRICA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
40: REST OF MIDDLE EAST & AFRICA FITNESS EQUIPMENT MARKET 2022-2028 (IN $
MILLION)