NORTH AMERICA FITNESS EQUIPMENT MARKET 2022-2028

Consumer Goods & Services | Personal Care Products

NORTH AMERICA FITNESS EQUIPMENT MARKET 2022-2028

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

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Triton’s research report suggests that the fitness equipment market in North America is set to register revenue growth at a CAGR of 2.13% during the forecast phase 2022-2028.



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The countries examined in the region consists of:

•         United States

•         Canada

Canada holds the largest market share within the North American region. The region’s growth is attributed to the rise in obesity levels, which has increased awareness of health and fitness. Moreover, the growth in home workouts due to the pandemic has surged the demand for fitness gear among people. In this regard, the trend of virtual training has resulted in a rapid boom in the virtual fitness sector. The convenience and availability of high-quality trainers online have encouraged consumers to opt for home fitness equipment. Hence, the growing emphasis on health and rising home workouts are boosting the fitness equipment market’s growth in the region.

Over the years, the number of obese population has increased dramatically across Canada. As a result, several people are opting for home workouts to manage health despite busy schedules. This has led to a rise in demand for various fitness gear, including smart home gym equipment. This equipment offers online access to live and on-demand workouts, in addition to personal tracking and customization. Besides, they can be paired with smart devices, such as watches, phones, and TV. For instance, Lululemon Athletica offers smart workout mirrors that display live workout sessions and more. Such trends are anticipated to widen the scope and growth of the fitness equipment market.

Strength training equipment is highly in demand as they help perform exercises that are designed to enhance endurance. Weight lifting machines, bars & weights, benches, and racks are some of the examples of strength training gear. Here, the weight machines are restricted to vertical movement and are used to isolate the muscles. The given market report is examined across multiple segments, such as type, end-user, and distribution channel. The type section is categorized into cardiovascular equipment, strength training equipment, and other equipment.

The renowned companies assessed in the market are Life Fitness, Total Fitness Equipment, Johnson Health Tech Co Ltd, Nautilus Inc, True Fitness Technology Inc, iFIT Health, and Fitness Inc. 

Life Fitness is among the leading companies in commercial fitness equipment, game tables, and furnishings. It is engaged in manufacturing and marketing strength and cardiovascular equipment, game room furniture, and other accessories. The company’s offerings are under brand names Life Fitness, Hammer Strength, Cycling Group, and others. Additionally, the company’s fitness product line includes an elevation series treadmill, elliptical cross-trainer, and upright exercise bike. With operations across various countries, Life Fitness is headquartered in Illinois, the United States.

The company launched a Life Fitness Connect mobile application integrated with advanced workout tracking abilities, along with on-demand classes. It offers advanced connectivity with its equipment, compatible smart wearable, and heart rate monitors to track the sessions.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies

      Comprehensive information and estimation of the fitness equipment market revenue growth in North America and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

    A wide-ranging study of factors that will challenge the NA fitness equipment market’s growth during the upcoming years

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Table of Content

1. NORTH AMERICA 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. INCREASING HOME WORKOUTS

2.9.2. APPLICATIONS OF SMART HOME GYM EQUIPMENT

3. NORTH AMERICA FITNESS EQUIPMENT MARKET OUTLOOK - BY TYPE

3.1. CARDIOVASCULAR EQUIPMENT

3.2. STRENGTH TRAINING EQUIPMENT

3.3. OTHER EQUIPMENT

4. NORTH AMERICA 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. NORTH AMERICA FITNESS EQUIPMENT MARKET OUTLOOK - BY DISTRIBUTION CHANNEL

5.1. ONLINE

5.2. OFFLINE

6. NORTH AMERICA FITNESS EQUIPMENT MARKET – REGIONAL OUTLOOK

6.1. UNITED STATES

6.2. CANADA

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: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: PERCENTAGE OF OBESE ADULTS BY COUNTRY IN 2021

TABLE 4: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 6: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 7: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY TYPE, 2021 & 2028 (IN %)

FIGURE 3: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 4: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 5: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 6: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY END-USER, 2021 & 2028 (IN %)

FIGURE 7: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HOME, 2022-2028 (IN $ MILLION)

FIGURE 8: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY APARTMENT, 2022-2028 (IN $ MILLION)

FIGURE 9: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2022-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY HOTEL, 2022-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2022-2028 (IN $ MILLION)

FIGURE 12: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028 (IN %)

FIGURE 14: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY ONLINE, 2022-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA FITNESS EQUIPMENT MARKET, BY OFFLINE, 2022-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA FITNESS EQUIPMENT MARKET, COUNTRY 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)

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