GLOBAL FITNESS EQUIPMENT MARKET 2022-2028

Consumer Goods & Services | Personal Care Products

GLOBAL FITNESS EQUIPMENT MARKET 2022-2028

Market by Type, End-user, Distribution Channel, and Geography | Forecast 2022-2028

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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

 

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.

 

•            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.

 

•            Market by Distribution Channel:

             o      Online

             o      Offline

 

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.

 

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.

 

      Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.

 

      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.

 

      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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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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