Global Fitness Market Size Study, by Type, by End Use, by Distribution Channel, and Regional Forecasts 2022-2032

Description

The Global Fitness Market is valued at USD 51.99 billion in year 2023 and it is poised to grow at a CAGR of 10.1% over the forecast period 2024-2032. This growth is driven by increasing urbanization, rising health awareness, and the ongoing popularity of fitness trends. The fitness market includes a wide range of products and services such as cardiovascular and strength training equipment, wearable devices, nutrition products, and mobile fitness apps. These products are widely used across homes, fitness centers, gyms, and health clubs to promote physical well-being.

The rise in sedentary lifestyles, coupled with the growing prevalence of lifestyle-related health issues such as obesity, cardiovascular diseases (CVD), and hypertension, is significantly driving the demand for fitness products and services. Innovations in the fitness sector, such as online and on-demand exercise classes, strength training with free weights, and high-intensity interval training (HIIT), further boost market growth. Additionally, the increasing adoption of fitness equipment for home use and the popularity of mobile apps and wearable fitness devices are contributing to the market's expansion.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The North American region held a dominant share of the market in 2021, largely due to the rising obesity rates, high prevalence of CVD, and a strong focus on health and fitness in the U.S. However, Europe is projected to grow at the fastest rate during the forecast period due to a significant percentage of the population being overweight or obese. Key market players are focusing on product innovation and technological advancements to meet the growing demand for fitness products and services. The high cost of equipment and the rising market for second-hand fitness equipment may pose challenges to market growth, but the increasing awareness of fitness and health-related issues will drive the market forward.

Key market players in the report includes:

Planet Fitness, Inc.
Gold's Gym International, Inc.
24 Hour Fitness USA, Inc.
Equinox Holdings, Inc.
Anytime Fitness LLC
LA Fitness International LLC
Snap Fitness, Inc.
Life Time, Inc.
Crunch Fitness
Orangetheory Fitness
SoulCycle Inc.
Pure Barre
Fitness First
Virgin Active
F45 Training

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
ROE
Asia Pacific
China
Japan
India
South Korea
Australia
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

Years considered for the study:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Fitness Market Executive Summary

1.1. Global Fitness Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By End Use
- 1.3.3. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Fitness Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Fitness Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Prevalence of Obesity and Lifestyle-Related Diseases
- 3.1.2. Rise in Fitness Awareness and Health Trends
- 3.1.3. Advancements in Digital Fitness Technology and Wearable Devices
3.2. Market Challenges
- 3.2.1. High Cost of Fitness Equipment
- 3.2.2. Growing Use of Second-Hand Equipment
3.3. Market Opportunities
- 3.3.1. Expansion of Online Fitness and Virtual Training Services
- 3.3.2. Rising Adoption of Mobile Fitness Apps and Nutrition Solutions

Chapter 4. Global Fitness Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Fitness Market Size & Forecasts by Type (2022-2032)

5.1. Segment Dashboard
5.2. Global Fitness Market Revenue by Type (2022 & 2032)
- 5.2.1. Cardiovascular Training Equipment
- 5.2.2. Strength Training Equipment
- 5.2.3. Weight Training Equipment
- 5.2.4. Mobile Apps
- 5.2.5. Nutrition and Food Drinks
- 5.2.6. Wearable Devices
- 5.2.7. Others

Chapter 6. Global Fitness Market Size & Forecasts by End Use (2022-2032)

6.1. Segment Dashboard
6.2. Global Fitness Market Revenue by End Use (2022 & 2032)
- 6.2.1. Home Consumers
- 6.2.2. Health Club/Gym
- 6.2.3. Others

Chapter 7. Global Fitness Market Size & Forecasts by Distribution Channel (2022-2032)

7.1. Segment Dashboard
7.2. Global Fitness Market Revenue by Distribution Channel (2022 & 2032)
- 7.2.1. Supermarkets
- 7.2.2. Hypermarkets
- 7.2.3. E-commerce Websites
- 7.2.4. Others

Chapter 8. Global Fitness Market Size & Forecasts by Region (2022-2032)

8.1. North America Fitness Market
- 8.1.1. U.S.
- 8.1.2. Canada
- 8.1.3. Mexico
8.2. Europe Fitness Market
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. France
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
- 8.2.7. Rest of Europe
8.3. Asia Pacific Fitness Market
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. India
- 8.3.4. South Korea
- 8.3.5. Australia
- 8.3.6. Rest of Asia Pacific
8.4. Latin America Fitness Market
- 8.4.1. Brazil
- 8.4.4. Mexico
- 8.4.5. Rest of Latin America
8.5. Rest of the World Fitness Market
- 8.5.1. Middle East
- 8.5.2. Africa

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Planet Fitness, Inc.
- 9.3.2. Gold's Gym International, Inc.
- 9.3.3. 24 Hour Fitness USA, Inc.
- 9.3.4. Equinox Holdings, Inc.
- 9.3.5. Anytime Fitness LLC
- 9.3.6. LA Fitness International LLC
- 9.3.7. Snap Fitness, Inc.
- 9.3.8. Life Time, Inc.
- 9.3.9. Crunch Fitness
- 9.3.10. Orangetheory Fitness
- 9.3.11. SoulCycle Inc.
- 9.3.12. Pure Barre
- 9.3.13. Fitness First
- 9.3.14. Virgin Active
- 9.3.15. F45 Training

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes