PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1643435
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1643435
Global Strength Training Equipment Market to Reach US$15.4 Billion by 2030
The global market for Strength Training Equipment estimated at US$12.9 Billion in the year 2024, is expected to reach US$15.4 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2024-2030. Training Weights, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$7.0 Billion by the end of the analysis period. Growth in the Hydraulic Equipment segment is estimated at 2.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.5 Billion While China is Forecast to Grow at 6.0% CAGR
The Strength Training Equipment market in the U.S. is estimated at US$3.5 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 6.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.9% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Global Strength Training Equipment Market – Key Trends & Drivers Summarized
Why Is Strength Training Equipment Gaining Popularity Among Fitness Enthusiasts and Gyms?
Strength training equipment has become a central component of the modern fitness industry, catering to a broad spectrum of users, from professional athletes to casual gym-goers. With increasing awareness around the physical and mental health benefits of strength training—such as improved muscle mass, enhanced metabolism, and reduced injury risk—more people are incorporating resistance exercises into their workout routines. This shift in fitness culture has expanded the demand for strength training equipment both in commercial gyms and home setups. The variety of equipment available, from free weights and resistance machines to multifunctional cable systems, allows users to customize their workouts, targeting different muscle groups and fitness levels.
The popularity of strength training has also surged due to the growth of fitness trends like functional training, bodybuilding, and high-intensity interval training (HIIT), all of which integrate strength exercises for improved results. For gyms and fitness centers, investing in a wide range of strength equipment has become essential to meet member expectations and attract new clients. Additionally, the rise of personal trainers and boutique fitness studios focused on strength-based exercises has reinforced the demand for quality strength training equipment. As fitness becomes a lifestyle choice for more people, strength training equipment has evolved from a gym staple to a must-have for anyone serious about their health and fitness goals.
How Are Technological Advancements Shaping the Strength Training Equipment Market?
Technological advancements are transforming the strength training equipment market, making it more interactive, versatile, and user-friendly. Smart equipment with integrated sensors and connectivity features allows users to track their workout progress, including metrics like repetitions, sets, resistance levels, and even form. Connected equipment is particularly popular among tech-savvy users, as it provides real-time feedback and syncs data to fitness apps, allowing for a data-driven approach to strength training. For commercial gyms, smart equipment offers valuable insights into member usage patterns, enabling them to manage equipment more efficiently and optimize floor space.
In addition to connectivity, innovations in materials have made strength training equipment more durable, lightweight, and ergonomic. High-quality materials, such as carbon fiber, rubberized coatings, and reinforced metals, enhance the safety and longevity of equipment, making it suitable for both high-use commercial environments and compact home gyms. Adjustable and modular designs, which allow for multiple exercises on a single machine, have become increasingly popular as well. For example, multifunctional systems enable users to perform various exercises without changing equipment, saving space and providing a cost-effective solution for home users.
Virtual and augmented reality (VR/AR) are also emerging trends in the strength training market. Some high-end gyms now offer VR-enhanced strength training programs that immerse users in virtual environments, adding an engaging dimension to their workouts. Additionally, AI-powered personal trainers that use cameras to provide real-time form correction and virtual coaching are gaining traction, particularly among users looking to perfect their technique. These technological advancements are reshaping the strength training experience, making it more interactive, personalized, and efficient, appealing to a wider range of users.
How Is Consumer Behavior Influencing the Demand for Strength Training Equipment?
Consumer demand for strength training equipment is heavily influenced by the trend toward health-conscious lifestyles, at-home fitness solutions, and a focus on functional strength. As more people prioritize physical fitness as part of their daily routine, demand for quality equipment that supports a range of strength training needs has grown. With many consumers now balancing busy schedules and seeking convenient ways to stay fit, there has been a marked rise in the purchase of compact, space-saving strength training equipment for home use. Equipment such as adjustable dumbbells, resistance bands, kettlebells, and foldable benches cater to these preferences, allowing consumers to create effective home gym setups without taking up too much space.
The COVID-19 pandemic further accelerated this trend, as gym closures led many fitness enthusiasts to invest in home gyms. This shift in consumer behavior has created sustained demand for home-friendly strength training equipment, even as gyms have reopened. Consumers are also increasingly seeking multifunctional and easy-to-store equipment that allows them to perform a variety of exercises. This demand has led manufacturers to develop versatile strength training products that meet diverse needs, whether for muscle building, rehabilitation, or general fitness.
The growing popularity of strength training among women and older adults has also impacted the market. Women are increasingly embracing strength exercises as part of a balanced fitness routine, leading to demand for equipment that caters to various strength levels and exercise preferences. Older adults, focused on maintaining mobility and bone density, are also seeking strength training equipment tailored to their needs, such as lighter weights and low-impact machines. These shifts in consumer demographics and preferences have expanded the market, as manufacturers now cater to a broader audience with varied fitness goals and equipment preferences.
What Factors Are Driving Growth in the Strength Training Equipment Market?
The growth in the strength training equipment market is driven by several factors, including the global rise in fitness awareness, advancements in equipment technology, and the increasing adoption of strength training across diverse demographics. The growing understanding of the health benefits of strength training, such as improved cardiovascular health, weight management, and mental well-being, has encouraged more people to integrate resistance exercises into their routines. This heightened health consciousness is leading to strong demand in both the commercial and home fitness segments. Gyms and fitness centers are expanding their strength training offerings, while consumers are investing in quality equipment for home use.
Advancements in materials and smart technology have enhanced the appeal and functionality of strength training equipment. Connected equipment with digital tracking features and personalized settings has become a preferred choice, particularly for users who value data and personalized feedback. These features have expanded the appeal of strength training to those who seek a structured, goal-oriented approach to fitness. Moreover, the development of durable, space-efficient equipment that fits into smaller home gyms has opened new opportunities for manufacturers targeting the home fitness market.
The shift in consumer fitness preferences, particularly the rise of functional training and hybrid workout routines, has further driven demand for strength training equipment that offers flexibility and versatility. Equipment that allows for compound exercises, such as kettlebells, resistance bands, and cable systems, is in high demand, catering to consumers who want to improve both strength and overall functional fitness. Additionally, increased focus on inclusivity and accessibility in fitness has driven demand for equipment suitable for users across age groups, fitness levels, and physical abilities.
SCOPE OF STUDY:
The report analyzes the Strength Training Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Weights, Hydraulic Equipment, Functional Trainers)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Select Competitors (Total 35 Featured) -