Fitness Equipment Market Revenue, Growth, Trends, Opportunities and Future Investment 2033: SPER Market Research

Q: How can I get a sample report on the Fitness Equipment Market?

You can get the sample pages by clicking the link - Click Here

Published: Mar 2023	Report ID: MACH2317	Pages: 1 - 251	Formats^*:
Category : Equipment and Machinery

Global Fitness Equipment Market Overview

According to SPER Market Research, the Global Fitness Equipment Market is estimated to reach USD 14.18 billion by 2033 with a CAGR of 0.55%.

Any gadget or item required for physical activity to manage overall weight, enhance physical stamina, and develop muscular strength is considered fitness equipment. Global demand for workout equipment has increased due to increased health awareness. Furthermore, physical activity is recommended for certain medical treatments. Treadmills, elliptical machines, stationary bicycles, weightlifting machines and strength development machines, and other types of fitness equipment are the most widely used.

Exploring the Growth Drivers of the Global Fitness Equipment Industry.

The global demand for fitness equipment has witnessed a surge due to heightened awareness about health and fitness. The increasing prevalence of obesity and a growing focus on personal well-being have significantly contributed to the expansion of the global exercise equipment industry. Additionally, factors such as a rise in gym memberships, growing sales of home-based fitness equipment, urban population growth, and government initiatives promoting healthy living have further propelled the adoption of exercise equipment. People are increasingly recognizing the importance of maintaining an active lifestyle and prioritizing physical fitness and health. This trend has spurred the global demand for fitness equipment. Moreover, as the global population ages, there is an increasing need for exercise and fitness equipment tailored to seniors, leading to a growing demand for senior-specific devices. The exercise equipment industry has also experienced notable technological advancements, leading to the introduction of innovative and high-tech equipment, further fueling the demand for new and improved fitness products.

What challenges does the Global Fitness Equipment Market face?

The worldwide fitness equipment industry is confronted with a number of problems, including intense competition. The fitness equipment industry is very competitive, with many existing competitors and new entrants joining the market on a regular basis, making it difficult for enterprises to maintain their market position. Fitness equipment can be costly, which might limit demand, particularly in underdeveloped nations where individuals may not be able to buy costly equipment. Regular maintenance and repairs are required for workout equipment, which can be costly, particularly for commercial gyms and fitness facilities. Because many gyms and fitness centres have limited space, they may be unable to offer a diverse choice of equipment, leading to increasing rivalry for space and equipment.

In what ways has the COVID-19 pandemic affected Global Fitness Equipment Market?

The COVID-19 epidemic had a positive impact on the global fitness equipment market. To restrict the virus's spread, the outbreak imposed new regulations and norms, such as social seclusion and lockdowns. People were consequently forced to stay at home, giving rise to new fads such as at-home exercise. The rising popularity of at-home training drove the need for fitness equipment during the epidemic. Because of the increasing emphasis on self-care, fitness, and health as a result of the pandemic, exercise applications and platforms saw significant growth. The outbreak has raised public awareness about health issues and inspired people to strengthen their physical and immune systems. Lockdown has resulted in gym closures all around the world. Increased awareness of health and fitness is expected to considerably boost the growth of the Global Fitness Equipment Market. However, the overall size of the Global Fitness Equipment Market declined in the same year.

Get more information on this report: Download Free Sample PDF

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Equipment, By Product Type, By End User, By Distribution Channel
Regions covered	Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered	Acme Fitness Pvt. Ltd., Aerofit, Amer Sports (Precor), Brunswick Corporation, China Nityasach Fitness Pvt. Ltd., Core Health and Fitness LLC, Cybex International, Inc., Dyaco International Inc., Fitness World, General Electric, Gymequip Eu, Health Technology Co., Ltd., Heinz Kettler GmbH and Co., Hoist Fitness Systems Inc., Icon Health and Fitness Inc., Ifit Health and Fitness Inc., Impulse Health Tech Co. Ltd., Jerai Fitness Pvt. Ltd., Johnson Health Tech Inc., Life Fitness, Nautilus Inc., Nordictrack, Nortus Fitness, Omron Healthcare, Inc., PanattaSrl, Paramount Fitness Corporation, Peloton Interactive, Inc., Precor Incorporated, Schnell Trainigsgerate GmbH, Technogym S.p.a, Torque Fitness LLC, True Fitness Technology Inc., Tunturi New Fitness BV, Others

Key Target Audience

Fitness Clubs and Gyms
Fitness Enthusiasts
Fitness Equipment Manufacturers
Government Organizations and Regulatory Bodies
Investors
Research and Development Teams

Global Fitness Equipment Market Segmentation:

1. By Equipment:

Global Fitness Equipment Market Value Share and Forecast, By Equipment, 2023-2033
Cardiovascular Training Equipment
Strength Training Equipment
Others

2. By Product Type:

Global Fitness Equipment Market Value Share and Forecast, By Product Type, 2023-2033
Rowing Machines
Stationary Machines
Other Product Types

3. By End User:

Global Fitness Equipment Market Value Share and Forecast, By End User, 2023-2033
Commercial
Corporate Offices
Health Club
Home Care
Hotel
Residential
Others

4. By Distribution Channel:

Global Fitness Equipment Market Value Share and Forecast, By Distribution Channel, 2023-2033
Direst Sales
Indirect Sales
Specialty Sports Shop
Sports Goods Store
Offline Retail Stores
Online Retail Stores

5. By Region:

Asia-Pacific
Europe
Middle East & Africa
North America
Latin America

Key Topics Covered in the Report

Global Fitness Equipment Market Size (FYâ€™2023-FYâ€™2033)
Overview of Global Fitness Equipment Market
Segmentation of Global Fitness Equipment Market By Equipment (Cardiovascular Training Equipment, Strength Training Equipment, Others)
Segmentation of Global Fitness Equipment Market By Product Type (Rowing Machines, Stationary Machines, Other Product Types)
Segmentation of Global Fitness Equipment Market By End-User (Commercial, Corporate Offices, Health Club, Home Care, Hotel, Residential, Others)
Segmentation of Global Fitness Equipment Market By Distribution Channel (Direst Sales, Indirect Sales, Specialty Sports Shop, Sports Goods Store, Offline Retail Stores, Online Retail Stores)
Statistical Snap of Global Fitness Equipment Market
Growth Analysis of Global Fitness Equipment Market
Problems and Challenges in Global Fitness Equipment Market
Competitive Landscape in the Global Fitness Equipment Market
Impact of COVID-19 and Demonetization on Global Fitness Equipment Market
Details on Recent Investment in Global Fitness Equipment Market
Competitive Analysis of Global Fitness Equipment Market
Key Players in the Global Fitness Equipment Market
SWOT Analysis of Global Fitness Equipment Market
Global Fitness Equipment Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Fitness Equipment Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Fitness Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fitness Equipment Market

7. Global Fitness Equipment Market, By Equipment (USD Million)

7.1. Global Fitness Equipment Market Value Share and Forecast, By Equipment, 2023-2033
7.2. Cardiovascular Training Equipment

7.2.1. Climbers
7.2.2. Elliptical Machines
7.2.3. Exercise Bikes
7.2.4. Treadmills

7.3. Strength Training Equipment

7.3.1. Barbells & Ladders
7.3.2. Extension Machines
7.3.3. Power Racks
7.3.4. Weightlifting
7.3.5. Weights

7.4. Others

8. Global Fitness Equipment Market, By Product Type (USD Million)

8.1. Global Fitness Equipment Market Value Share and Forecast, By Product Type, 2023-2033
8.2. Rowing Machines
8.3. Stationary Machines
8.4. Other Product Types

9. Global Fitness Equipment Market, By End User (USD Million)

9.1. Global Fitness Equipment Market Value Share and Forecast, By End User, 2023-2033
9.2. Commercial
9.3. Corporate Offices
9.4. Health Club
9.5. Home Care
9.6. Hotel
9.7. Residential
9.8. Others

10. Global Fitness Equipment Market, By Distribution Channel (USD Million)

10.1. Global Fitness Equipment Market Value Share and Forecast, By Distribution Channel, 2023-2033
10.2. Direst Sales
10.3. Indirect Sales
10.4. Specialty Sports Shop
10.5. Sports Goods Store
10.6. Offline Retail Stores
10.7. Online Retail Stores

11. Global Fitness Equipment Market Forecast, 2019-2033 (USD Million)

11.1. Global Fitness Equipment Market Size and Market Share

12. Global Fitness Equipment Market, By Equipment, 2019-2033 (USD Million)

12.1. Global Fitness Equipment Market Size and Market Share By Equipment (2019-2026)
12.2. Global Fitness Equipment Market Size and Market Share By Equipment (2027-2033)

13. Global Fitness Equipment Market, By Product Type, 2019-2033 (USD Million)

13.1. Global Fitness Equipment Market Size and Market Share By Product Type (2019-2026)
13.2. Global Fitness Equipment Market Size and Market Share By Product Type (2027-2033)

14. Global Fitness Equipment Market, By End User, 2019-2033 (USD Million)

14.1. Global Fitness Equipment Market Size and Market Share By End User (2019-2026)
14.2. Global Fitness Equipment Market Size and Market Share By End User (2027-2033)

15. Global Fitness Equipment Market, By Distribution Channel, 2019-2033 (USD Million)

15.1. Global Fitness Equipment Market Size and Market Share By Distribution Channel (2019-2026)
15.2. Global Fitness Equipment Market Size and Market Share By Distribution Channel (2027-2033)

16. Global Fitness Equipment Market, By Region, 2019-2033 (USD Million)

16.1. Global Fitness Equipment Market Size and Market Share By Region (2019-2026)
16.2. Global Fitness Equipment Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific

16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific

16.4. Europe

16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe

16.5. Middle East and Africa

16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa

16.6. North America

16.6.1. Canada
16.6.2. Mexico
16.6.3. United States

16.7. Latin America

16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. Acme Fitness Pvt. Ltd.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Aerofit
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Amer Sports (Precor)
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Brunswick Corporation
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. China Nityasach Fitness Pvt. Ltd.
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Core Health and Fitness LLC
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Cybex International, Inc.
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Dyaco International Inc.
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Fitness World
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. General Electric
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Gymequip Eu
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Health Technology Co., Ltd.
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Heinz Kettler GmbH and Co.
17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments
17.14. Hoist Fitness Systems Inc.
17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments
17.15. Icon Health and Fitness Inc.
17.15.1. Company details
17.15.2. Financial outlook
17.15.3. Product summary
17.15.4. Recent developments
17.16. Ifit Health and Fitness Inc.
17.16.1. Company details
17.16.2. Financial outlook
17.16.3. Product summary
17.16.4. Recent developments
17.17. Impulse Health Tech Co. Ltd.
17.17.1. Company details
17.17.2. Financial outlook
17.17.3. Product summary
17.17.4. Recent developments
17.18. Jerai Fitness Pvt. Ltd.
17.18.1. Company details
17.18.2. Financial outlook
17.18.3. Product summary
17.18.4. Recent developments
17.19. Johnson Health Tech Inc.
17.19.1. Company details
17.19.2. Financial outlook
17.19.3. Product summary
17.19.4. Recent developments
17.20. Life Fitness
17.20.1. Company details
17.20.2. Financial outlook
17.20.3. Product summary
17.20.4. Recent developments
17.21. Nautilus Inc.
17.21.1. Company details
17.21.2. Financial outlook
17.21.3. Product summary
17.21.4. Recent developments
17.22. Nordictrack
17.22.1. Company details
17.22.2. Financial outlook
17.22.3. Product summary
17.22.4. Recent developments
17.23. Nortus Fitness
17.23.1. Company details
17.23.2. Financial outlook
17.23.3. Product summary
17.23.4. Recent developments
17.24. Omron Healthcare, Inc.
17.24.1. Company details
17.24.2. Financial outlook
17.24.3. Product summary
17.24.4. Recent developments
17.25. PanattaSrl
17.25.1. Company details
17.25.2. Financial outlook
17.25.3. Product summary
17.25.4. Recent developments
17.26. Paramount Fitness Corporation
17.26.1. Company details
17.26.2. Financial outlook
17.26.3. Product summary
17.26.4. Recent developments
17.27. Peloton Interactive, Inc.
17.27.1. Company details
17.27.2. Financial outlook
17.27.3. Product summary
17.27.4. Recent developments
17.28. Precor Incorporated
17.28.1. Company details
17.28.2. Financial outlook
17.28.3. Product summary
17.28.4. Recent developments
17.29. Schnell Trainigsgerate GmbH
17.29.1. Company details
17.29.2. Financial outlook
17.29.3. Product summary
17.29.4. Recent developments
17.30. Technogym S.p.a
17.30.1. Company details
17.30.2. Financial outlook
17.30.3. Product summary
17.30.4. Recent developments
17.31. Torque Fitness LLC
17.31.1. Company details
17.31.2. Financial outlook
17.31.3. Product summary
17.31.4. Recent developments
17.32. True Fitness Technology Inc.
17.32.1. Company details
17.32.2. Financial outlook
17.32.3. Product summary
17.32.4. Recent developments
17.33. Tunturi New Fitness BV
17.33.1. Company details
17.33.2. Financial outlook
17.33.3. Product summary
17.33.4. Recent developments
17.34. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Fitness Equipment Market?

The Fitness Equipment Market is projected to reach USD 14.18 billion by 2033, growing at a CAGR of 0.55% during the forecast period.

What is the growth rate of the Fitness Equipment Market?

The Fitness Equipment Market grew in market size from 2022. The Market is expected to reach USD 14.18 billion by 2033, at a CAGR of 0.55% during the forecast period.

What is the anticipated CAGR of the Fitness Equipment Market during the forecast period?

The Fitness Equipment Market CAGR of 0.55% during the forecast period.

How can I get a sample report on the Fitness Equipment Market?

You can get the sample pages by clicking the link -Click Here

What is the market size of the Fitness Equipment Market in 2033?

The Fitness Equipment Market size is USD 14.18 billion from 2023 to 2033.

Which segment is expected to lead the Fitness Equipment Market during the forecast period?

The Fitness Equipment Market segment is Covered By Equipment, By Product Type, By End User, By Distribution Channel.

Which region is expected to have the highest market share in the Fitness Equipment Market?

The North America region is anticipated to have the highest market share in the Fitness Equipment Market.

Who are the key players in Fitness Equipment Market?

The key players in the market include Companies Covered Acme Fitness Pvt. Ltd., Aerofit, Amer Sports (Precor), Brunswick Corporation, China Nityasach Fitness Pvt. Ltd., Core Health and Fitness LLC, Cybex International, Inc., Dyaco International Inc., Fitness World, General Electric, Gymequip Eu, Health Technology Co., Ltd., Heinz Kettler GmbH and Co.

What is the conclusion of the Fitness Equipment Market?

Fitness Equipment Market has been growing at a respectable rate. By providing specialized workout equipment to an individual, the fitness sector has significantly expanded in terms of gym design and a holistic notion of fitness.