Product Code: PM4098
The global fitness equipment market size is expected to reach USD 26.31 billion by 2032, according to a new study by Polaris Market Research. The report "Fitness Equipment Market Share, Size, Trends, Industry Analysis Report, By Type, By End Use, By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growth is poised to be propelled by the rising awareness regarding health and fitness. A significant contributing factor to this trend is the increasing global population struggling with obesity. This obese population segment is a driving force behind the utilization of cardiovascular equipment, primarily aimed at weight management. Over the past decade, obesity has seen a surge among adults worldwide, spanning across various countries and population segments. Furthermore, the surge in sales of in-home fitness equipment and gym memberships is fueling the uptake of fitness equipment, attributed to the heightened consciousness about health and fitness. Individuals are consistently emphasizing health promotion and disease prevention as part of their overall lifestyle choices.
The global population is increasingly recognizing the detrimental effects of sedentary lifestyles on overall health. As a response to this awareness, prominent players in the global market are taking proactive steps by establishing new spa and fitness club chains. These initiatives are strategically aimed at addressing the growing demand for fitness and wellness solutions. The rise in membership subscriptions is poised to have a positive cascading effect on the overall expansion of the global market. The influx of members will generate revenue for these clubs, facilitating their growth and enabling further investments in equipment, facilities, and innovative services.
Gyms and fitness clubs have responded to this demand by providing a diverse range of specialized programs designed to cater to various fitness goals. These offerings often include personalized training sessions, group fitness classes, and targeted fitness regimes. To facilitate these services, fitness establishments invest in an array of equipment, including weights, cardio machines, and specialized training tools. It's a common practice for gyms to continuously update their equipment to remain competitive and appealing to their members.
Staying in line with the latest fitness trends and introducing newer models necessitates ongoing investment in cutting-edge equipment. This proactive approach is crucial for gyms and fitness clubs to not only attract new members but also retain existing ones by offering a dynamic and up-to-date fitness experience. As the demand for fitness and wellness continues to grow, these establishments understand the importance of staying ahead by embracing the latest advancements in exercise equipment.
Fitness Equipment Market Report Highlights
Cardiovascular training led the market, owing to the rising need for cardio-based exercises to rejuvenate the circulatory system
The online segment will grow at a substantial pace, primarily due to the emergence of health and fitness apps coupled with cloud-based solutions
North America dominated the market due to growing disposable income and a sedentary lifestyle
Key players include Precor, Technogym, Life Fitness, Icon Health & Fitness, Johnson HealthTech, Nautilus, TRUE, and Torque Fitness.
Polaris Market Research has segmented the fitness equipment market report based on equipment type, end-use, distribution channel, and region:
Fitness Equipment, Equipment Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Cardiovascular Training Equipment
- Treadmills
- Stationary Cycles
- Elliptical Trainers & Others
- Strength Training Equipment
- Others
Fitness Equipment, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Home Consumers
- Fitness Centers/Gyms
- Others
Fitness Equipment, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Fitness Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Fitness Equipment Market Insights
- 4.1. Fitness Equipment Market - Distribution Channel Snapshot
- 4.2. Fitness Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Smart fitness trackers with real-time health monitoring
- 4.2.1.2. Compact home gym systems for personalized workouts
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High-cost limits accessibility for some consumers
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Fitness Equipment Market Distribution Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Fitness Equipment Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 5.3. Cardiovascular Training Equipment
- 5.3.1. Global Fitness Equipment Market, by Cardiovascular Training Equipment, by Region, 2019-2032 (USD Billion)
- 5.3.2. Treadmills
- 5.3.2.1 Global Fitness Equipment Market, by Treadmills, by Region, 2019-2032 (USD Billion)
- 5.3.3. Stationary Cycles
- 5.3.3.1. Global Fitness Equipment Market, by Stationary Cycles, by Region, 2019-2032 (USD Billion)
- 5.3.4. Elliptical Trainers & Others
- 5.3.4.1. Global Fitness Equipment Market, by Elliptical Trainers & Others, by Region, 2019-2032 (USD Billion)
- 5.7. Strength Training Equipment
- 5.7.1. Global Fitness Equipment Market, by Strength Training Equipment, by Region, 2019-2032 (USD Billion)
- 5.8. Others
- 5.8.1. Global Fitness Equipment Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Fitness Equipment Market, by End Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 6.3. Home Consumers
- 6.3.1. Global Fitness Equipment Market, by Home Consumers, by Region, 2019-2032 (USD Billion)
- 6.4. Fitness Centers/Gyms
- 6.4.1. Global Fitness Equipment Market, by Fitness Centers/Gyms, by Region, 2019-2032 (USD Billion)
- 6.5. Others
- 6.5.1. Global Fitness Equipment Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Fitness Equipment Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3. Offline
- 7.3.1. Global Fitness Equipment Market, by Offline, By Region, 2019-2032 (USD Billion)
- 7.4. Online
- 7.4.1. Global Fitness Equipment Market, by Online, By Region, 2019-2032 (USD Billion)
8. Global Fitness Equipment Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Fitness Equipment Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Fitness Equipment Market - North America
- 8.3.1. North America: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.3. North America: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.3.4. Fitness Equipment Market - U.S.
- 8.3.4.1. U.S.: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.3.5. Fitness Equipment Market - Canada
- 8.3.5.1. Canada: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4. Fitness Equipment Market - Europe
- 8.4.1. Europe: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.3. Europe: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4.4. Fitness Equipment Market - UK
- 8.4.4.1. UK: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4.5. Fitness Equipment Market - France
- 8.4.5.1. France: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.5.3. France: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4.6. Fitness Equipment Market - Germany
- 8.4.6.1. Germany: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4.7. Fitness Equipment Market - Italy
- 8.4.7.1. Italy: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4.8. Fitness Equipment Market - Spain
- 8.4.8.1. Spain: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4.9. Fitness Equipment Market - Netherlands
- 8.4.9.1. Netherlands: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.4.10. Fitness Equipment Market - Russia
- 8.4.10.1. Russia: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.5. Fitness Equipment Market - Asia Pacific
- 8.5.1. Asia Pacific: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.5.4. Fitness Equipment Market - China
- 8.5.4.1. China: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.4.3. China: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.5.5. Fitness Equipment Market - India
- 8.5.5.1. India: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.5.3. India: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.5.6. Fitness Equipment Market - Malaysia
- 8.5.6.1. Malaysia: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.5.7. Fitness Equipment Market - Japan
- 8.5.7.1. Japan: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.5.8. Fitness Equipment Market - Indonesia
- 8.5.8.1. Indonesia: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.5.9. Fitness Equipment Market - South Korea
- 8.5.9.1. South Korea: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.6. Fitness Equipment Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.6.4. Fitness Equipment Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.6.5. Fitness Equipment Market - UAE
- 8.6.5.1. UAE: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.6.6. Fitness Equipment Market - Israel
- 8.6.6.1. Israel: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.6.7. Fitness Equipment Market - South Africa
- 8.6.7.1. South Africa: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.7. Fitness Equipment Market - Latin America
- 8.7.1. Latin America: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.7.4. Fitness Equipment Market - Mexico
- 8.7.4.1. Mexico: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.7.5. Fitness Equipment Market - Brazil
- 8.7.5.1. Brazil: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
- 8.7.6. Fitness Equipment Market - Argentina
- 8.7.6.1. Argentina: Fitness Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Fitness Equipment Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Fitness Equipment Market, by End Use, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Core Health & Fitness
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Icon Health & Fitness
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Impulse Health Technology
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Johnson HealthTech
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Life Fitness
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Nautilus
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Precor
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Technogym
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Torque Fitness
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. TRUE
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development