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Global Fitness Equipment Market Size, Share, Trends, Forecast: By End-User: Health Clubs/Gyms, Hospitality and Leisure, Corporates, Educational Institutes, Home Consumer/Residential, Outdoor Parks and Public Places; By Price Point: Premium/Luxury, Mass, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Fitness Equipment Market Outlook
The global fitness equipment market size reached nearly USD 12.58 billion in 2023. The market is projected to grow at a CAGR of 4% between 2024 and 2032 to reach a value of around USD 17.90 billion by 2032.
Key Trends in the Market
Fitness equipment or exercise equipment refers to equipment which is used for exercising. Fitness equipment is widely used by athletes and fitness enthusiasts to improve the strength and increase the stability and balance of the body.
- The increasing inclination towards health and wellness and the rising focus on weight management is leading to a heightened demand for fitness equipment.
- Various research activities have indicated the benefits of physical activities for improving mental health and increasing levels of serotonin, dopamine, and norepinephrine in the brain. Hence, growing incidences of mental health issues such as anxiety, ADHD, and depression, among others, are likely to boost the inclination towards fitness, supporting the fitness equipment market demand in the coming years.
- Advancements in fitness technologies are likely to drive the development of fitness equipment that can track exercises and movements, offer recommendations, and provide training programmes. Moreover, rising demand for smart wearables that can collect and provide information about heart rate, water intake, and blood pressure, among others, is one of the crucial fitness equipment market trends.
- The thriving e-commerce sector is boosting the accessibility to diverse fitness equipment at attractive discounts, further fuelling sales of fitness equipment such as dumbbells, indoor cycles, yoga mats, and ab rollers, among others.
Market Analysis
Based on end-user, the market is segmented into health clubs/gyms, hospitality and leisure, corporates, educational institutes, home consumer/residential, and outdoor parks and public places. On the basis of price point, the fitness equipment market segmentations include premium/luxury and mass, among others. The major regional markets for fitness equipment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global fitness equipment market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Core Health & Fitness, LLC
- iFIT Inc.
- Impulse (QingDao) Health Tech CO., LTD
- Johnson Health Tech. Co., Ltd.
- Nautilus, Inc.
- Peloton Interactive, Inc.
- TECHNOGYM S.p.A
- Torque Fitness
- TRUE Fitness Technology, Inc.
- The Treadmill Factory
- Others
Market Share by End-User
The home consumer/residential sector accounts for a significant portion of the fitness equipment market share. At-home fitness has gained substantial popularity since the COVID-19 pandemic due to its greater convenience, better privacy, and enhanced hygiene.
Additionally, the growing awareness regarding the benefits of exercising, the influx of virtual online sessions, and the growing popularity of on-demand workouts are likely to bolster the usage of fitness equipment in the residential sector.
Market Share by Region
As per the fitness equipment market analysis, the Asia Pacific registered a healthy growth due to the increased focus on holistic wellbeing in the region. The growing popularity of different physical activities like Zumba, HIIT, Pilates, and yoga, among others, are boosting the requirement for specialised fitness equipment.
The rapid development of gyms across several parts of the region is also driving sales of fitness equipment. Besides, the robust growth of the tourism sector and the increasing number of tourists seeking to stay fit during vacations are expected to further bolster the fitness equipment market growth in the region in the coming years.
Competitive Landscape
Core Health & Fitness, LLC is a fitness equipment company that manufactures and sells innovative fitness solutions related to cardio, cycling, strength, indoor workout, impacts sports, and various exercises.
iFIT Inc. is a leading health and fitness technology company which offers health and fitness platforms and different types of equipment. The company also provides hardware and software services that can support various fitness modalities.
Impulse (QingDao) Health Tech CO., LTD is a renowned fitness equipment company which is committed to developing and providing competitive fitness products, services, and sales support. The product portfolio of the company includes treadmills, upright bikes, and elliptical machines, among others.
Other fitness equipment market players include Johnson Health Tech. Co., Ltd., Nautilus, Inc., Peloton Interactive, Inc., TECHNOGYM S.p.A, Torque Fitness, TRUE Fitness Technology, Inc., and The Treadmill Factory, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End-User |
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| Breakup by Price Point |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fitness Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Fitness Equipment Historical Market (2018-2023)
8.3 Global Fitness Equipment Market Forecast (2024-2032)
8.4 Global Fitness Equipment Market by End-User
8.4.1 Health Clubs/Gyms
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hospitality and Leisure
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Corporates
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Educational Institutes
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Home Consumer/Residential
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Outdoor Parks and Public Places
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Global Fitness Equipment Market by Price Point
8.5.1 Premium/Luxury
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mass
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Fitness Equipment Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Fitness Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fitness Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fitness Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fitness Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fitness Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Core Health & Fitness, LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 iFIT Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Impulse (QingDao) Health Tech CO., LTD
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Johnson Health Tech. Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Nautilus, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Peloton Interactive, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 TECHNOGYM S.p.A
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Torque Fitness
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 TRUE Fitness Technology, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 The Treadmill Factory
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fitness Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Fitness Equipment Historical Market: Breakup by End-User (USD Billion), 2018-2023
3. Global Fitness Equipment Market Forecast: Breakup by End-User (USD Billion), 2024-2032
4. Global Fitness Equipment Historical Market: Breakup by Price Point (USD Billion), 2018-2023
5. Global Fitness Equipment Market Forecast: Breakup by Price Point (USD Billion), 2024-2032
6. Global Fitness Equipment Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Fitness Equipment Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Fitness Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Fitness Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Fitness Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Fitness Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Fitness Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Fitness Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Fitness Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Fitness Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Fitness Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Fitness Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Fitness Equipment Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 12.58 billion in 2023.
The market is estimated to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 17.90 billion by 2032.
The increasing inclination towards health and fitness, the growing penetration of innovative technologies in fitness equipment, and rapid development of gyms are the major drivers of the market.
The key trends aiding the market include the thriving e-commerce sector and the growing trend of at-home fitness.
Health clubs/gyms, hospitality and leisure, corporates, educational institutes, home consumer/residential, and outdoor parks and public places are the different end-users of fitness equipment.
Premium/luxury, and mass, among others, are the major segments based on price point of the product.
Core Health & Fitness, LLC, iFIT Inc., Impulse (QingDao) Health Tech CO., LTD, Johnson Health Tech. Co., Ltd., Nautilus, Inc., Peloton Interactive, Inc., TECHNOGYM S.p.A, Torque Fitness, TRUE Fitness Technology, Inc., and The Treadmill Factory, among others, are the key market players.
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