The global fitness equipment market is anticipated to grow at a significant CAGR of 3.4 % during the forecast period. An increased intake of energy-dense foods that are high in fat and sugars and an increase in physical inactivity are rising obesity problems. The increasing obesity among individuals is propelling the growth of the fitness equipment market over the forecast period. Most of the global population resides in countries where overweight and obesity kill more people than underweight. Childhood obesity is associated with a higher chance of obesity, premature death, and disability in adulthood. Additionally, an increase in childhood obesity rates is creating demand for the fitness equipment market. According to the World Health Organization (WHO), around 39 million children under the age of 5 were overweight or obese in 2020.
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COVID-19 pandemic has brought this fast-moving world to a standstill. The impact of this pandemic is massive, and the only strategy during the pandemic was to stop the rapid spread of the disease & follow social distancing. The imposed lockdown, resulting in the closure of business activities, public places, fitness and activity centers, and overall social life, has hampered the growth of the fitness equipment market. However, there was a gradual increase in positive self-perception and motivation to overcome their dependence on gyms and health clubs and people started purchasing equipment and fitness exercises at home, which had supported the fitness equipment market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Fitness Equipment Market by Type
- Cardiovascular Training Equipment
- Strength Training Equipment
Global Fitness Equipment Market by End-User
- Health Clubs/Gyms
- Residential
- Commercial
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Acme Fitness Pvt. Ltd.
- China Nityasach Fitness Pvt. Ltd. (Aerofit)
- Cybex International, Inc.
- Fitness World
- Heinz kettler Gmbh and Co. KG
- Hoist Fitness Systems, Inc.
- Jerai Fitness Pvt. Ltd.
- Life Fitness
- Nautilus, Inc.
- NordicTrack
- Peloton Interactive, Inc.
- Precor Inc.
- Technogym S.p.A
- Torque Fitness, LLC
- True Fitness Technology, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fitness equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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