Fitness Equipments Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently published an extensive report on the global Fitness Equipment market, offering a detailed analysis of key market dynamics, including driving factors, emerging trends, opportunities, and challenges. This comprehensive overview provides valuable insights into the market landscape and its future direction.

Key Insights:

Fitness Equipment Market Size (2024E): USD 18272.7 Mn
Projected Market Value (2031F): USD 28,704.1 Mn
Global Market Growth Rate (CAGR 2024 to 2031): 5.1%

Fitness Equipment Market - Report Scope:

Fitness Equipment encompasses a range of products designed to enhance physical health and wellness through exercise and training. These include cardiovascular machines, strength training equipment, and functional training tools. The market benefits from advancements in technology, which drive the development of innovative, smart fitness equipment that offers personalized workout experiences. The increasing focus on health and fitness, coupled with rising awareness about physical well-being, is fueling market growth. Moreover, the integration of digital technologies and the growing popularity of home gyms are contributing to the expanding market opportunities.

Market Growth Drivers:

Several key factors are propelling the growth of the global Fitness Equipment market. The increasing emphasis on health and fitness, driven by rising awareness of lifestyle diseases and the benefits of regular exercise, is a primary driver. Technological advancements in fitness equipment, such as the incorporation of smart technology and connectivity features, are enhancing user experience and boosting market demand. Additionally, the growing trend of home workouts and the proliferation of fitness apps and online platforms are contributing to the market's expansion.

Market Restraints:

Despite its growth potential, the Fitness Equipment market faces several challenges. High costs associated with advanced fitness equipment can limit consumer adoption, particularly in emerging markets. Additionally, the market is characterized by intense competition, with numerous brands offering a wide range of products, which can lead to price wars and margin pressures. Furthermore, the need for regular maintenance and space constraints for home equipment may pose challenges for some consumers. Addressing these challenges requires innovative pricing strategies, cost-effective solutions, and adaptable product designs.

Market Opportunities:

The Fitness Equipment market presents significant growth opportunities driven by ongoing technological advancements and shifting consumer preferences. The integration of artificial intelligence (AI) and the Internet of Things (IoT) into fitness equipment is creating new avenues for personalized training and real-time performance tracking. The increasing adoption of virtual fitness classes and online training programs is expanding market potential. Strategic partnerships, investments in R&D, and the development of innovative, user-friendly equipment are crucial for capitalizing on these opportunities and driving market growth.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the global Fitness Equipment market?
Which types of fitness equipment are experiencing the highest demand?
How are technological advancements influencing the competitive landscape of the Fitness Equipment market?
Who are the key players in the Fitness Equipment market, and what strategies are they using to maintain their market positions?
What emerging trends and future prospects are shaping the global Fitness Equipment market?

Competitive Intelligence and Business Strategy:

Leading players in the global Fitness Equipment market, such as Peloton, Nautilus, and Technogym, are focusing on innovation and technology to maintain their competitive edge. These companies invest heavily in R&D to develop cutting-edge fitness solutions that offer enhanced functionality and user engagement. Strategic collaborations with technology providers, fitness influencers, and digital platforms are key to expanding market reach and fostering adoption. Emphasizing customer-centric approaches, integrating advanced technologies, and offering flexible product solutions are essential strategies for sustaining market leadership in the dynamic Fitness Equipment industry.

Key Companies Profiled:

Brunswick Corporation
Technogym S.p.A.
ICON Health & Fitness, Inc.
Nautilus, Inc.
TRUE Fitness Technology, Inc.
Core Health and Fitness, LLC
Precor Incorporated
Johnson Health Tech Co., Ltd.
Amer Sports Corporation
SportsArt Fitness, Inc.
Cybex International
Torque Fitness, LLC
Vectra Fitness
NordicTrack
Woodway USA, Inc.
Fitness World
HOIST Fitness Systems

Fitness Equipment Market: Segmentation

Product Type

Cardiovascular Training Equipment
Weight Training Equipment

End Use

Homes
Health Clubs

Distribution Channel

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores/Sports Chain Outlets
Multi-brand Stores
Discount Stores
Independent Departmental Stores
Sports Stores
Online Retailers

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

Product Code: PMRREP3069

1. Executive Summary

1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. Product Evolution Analysis
1.5. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy
2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
3.3. Evolution of Fitness Equipment Industry
- 3.3.1. Key Developments Roadmap
- 3.3.2. Product Launches
- 3.3.3. Acquisition & Mergers
- 3.3.4. Expansion
3.4. Future Prospects of Fitness Equipment Industry
- 3.4.1. Factors Fuelling Growth
- 3.4.2. Influx of Brands
- 3.4.3. Innovative Distribution & Marketing Strategies

4. Impact of Covid-19 on the Market

4.1. Covid-19 The Situation Now
4.2. The Effects of National Lockdown in Various Countries
4.3. Scenarios For The Economic Impact of The Covid-19 Crisis
4.4. Industries Affected By Coronavirus Outbreak Worldwide
4.5. Projected Recovery for Hardest Hit Sectors
4.6. Coronavirus Impact on The World of Work
4.7. Impact of Covid-19 on Manufacturing Industry
4.8. Manufacturing Purchasing Managers Index, 2024
4.9. Impact of Covid-19 on Supply Chain Worldwide
4.10. Planning & Managing During Covid-19 Pandemic
4.11. Upcoming Pointers Business Leaders Should Focus On

5. Impact of Covid-19 on Fitness Equipment Market

5.1. Covid-19 Impact v/s Value of Fitness Equipment Market, by Country 2020
5.2. Fitness Equipment Sales Projection, 2020 During Covid-19 Pandemic
5.3. Pre Covid-19 Market Forecast v/s Post covid-19 Market Forecast

6. Global Fitness Equipment Market Demand Analysis 2019-2023 and Forecast, 2024-2031

6.1. Historical Market Volume (Mn Units) Analysis, 2019-2023
6.2. Current and Future Market Volume (Mn Units) Projections, 2024-2031
6.3. Y-o-Y Growth Trend Analysis

7. Global Fitness Equipment Market - Pricing Analysis

7.1. Regional Pricing Analysis By Application
7.2. Pricing Break-up
- 7.2.1. Manufacturer Level Pricing
- 7.2.2. Distributor Level Pricing
7.3. Global Average Pricing Analysis Benchmark

8. Global Fitness Equipment Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2031

8.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
8.2. Current and Future Market Value (US$ Mn) Projections, 2024-2031
- 8.2.1. Y-o-Y Growth Trend Analysis
- 8.2.2. Absolute $ Opportunity Analysis

9. Market Background

9.1. Health & Fitness Industry
- 9.1.1. Global Health & Fitness Market Statistics & Overview
- 9.1.2. Per Capita Spending on Fitness Products
- 9.1.3. Top 10 Brands in Fitness Products Market
9.2. Macro-Economic Factors
- 9.2.1. Global GDP Growth Outlook
- 9.2.2. Global Consumer Spending Outlook
- 9.2.3. Global Population Growth Outlook
- 9.2.4. Global FMCG Industry Growth
- 9.2.5. GDP Growth Rate Analysis
- 9.2.6. Fitness Products Industry Contribution to GDP Outlook
- 9.2.7. Global E-Commerce Industry Outlook
- 9.2.8. Global Household Spending Outlook
- 9.2.9. Income Group Population Overview
- 9.2.10. Urbanization Growth Outlook
- 9.2.11. Per Capita Disposable Income
9.3. Industry Value and Supply Chain Analysis
- 9.3.1. Profit Margin Analysis at each sales point
- 9.3.2. List & role of key participants
  - 9.3.2.1. Manufacturers
  - 9.3.2.2. Distributors/Retailers
9.4. Forecast Factors - Relevance & Impact
- 9.4.1. Top Companies Historical Growth
- 9.4.2. Global Industry Production Outlook
- 9.4.3. Manufacturing Sector Gross Value Added
- 9.4.4. Global Retail Sales Outlook
9.5. PESTLE Analysis of Fitness Equipment Market
9.6. Investment Feasibility Matrix of Fitness Equipment Market
9.7. Porter's Five Force
9.8. Market Dynamics
- 9.8.1. Drivers
- 9.8.2. Restraints
- 9.8.3. Opportunity Analysis

10. Global Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031, by Application

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By Application, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By Application, 2024-2031
- 10.3.1. Cardiovascular Training Equipment
  - 10.3.1.1. Treadmills
  - 10.3.1.2. Stationery Bicycles
  - 10.3.1.3. Stair Climbers
  - 10.3.1.4. Elliptical machines
  - 10.3.1.5. Cross-Country ski simulator
- 10.3.2. Weight Training Equipment
  - 10.3.2.1. Weight lifting machines
  - 10.3.2.2. Bars & Weights
  - 10.3.2.3. Various types of benches
  - 10.3.2.4. Racks
- 10.3.3. Others
10.4. Market Attractiveness Analysis By Application

11. Global Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031, By End-Use

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By End-Use, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By End-Use, 2024-2031
- 11.3.1. Home
- 11.3.2. Health Clubs
- 11.3.3. Others (Hotels, Hospitals, and Corporate Office)
11.4. Market Attractiveness Analysis By End-Use

12. Global Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031, By Sales Channel

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By Sales Channel, 2019-2023
12.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By Sales Channel, 2024-2031
- 12.3.1. Direct
- 12.3.2. Indirect
  - 12.3.2.1. Hypermarkets/ Supermarkets
  - 12.3.2.2. Specialty Stores/ Sports Chain Outlets
  - 12.3.2.3. Multi-Brand Stores
  - 12.3.2.4. Discount Stores
  - 12.3.2.5. Independent Departmental Stores
  - 12.3.2.6. Sports Stores
  - 12.3.2.7. Online Retailers
12.4. Market Attractiveness Analysis By Sales Channel

13. Global Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031, by Region

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By Region, 2024-2031
- 13.3.1. North America
- 13.3.2. Europe
- 13.3.3. Middle East and Africa (MEA)
- 13.3.4. East Asia
- 13.3.5. South Asia
- 13.3.6. Oceania
- 13.3.7. Latin America
13.4. Market Attractiveness Analysis By Region

14. North America Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 14.4.1. By Country
  - 14.4.1.1. U.S.
  - 14.4.1.2. Canada
- 14.4.2. By Application
- 14.4.3. By End Use
- 14.4.4. By Sales Channel
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Application
- 14.5.3. By End Use
- 14.5.4. By Sales Channel
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Latin America Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 15.4.1. By Country
  - 15.4.1.1. Brazil
  - 15.4.1.2. Argentina
  - 15.4.1.3. Rest of Latin America
- 15.4.2. By Application
- 15.4.3. By End Use
- 15.4.4. By Sales Channel
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Application
- 15.5.3. By End Use
- 15.5.4. By Sales Channel
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. Europe Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 16.4.1. By Country
  - 16.4.1.1. Germany
  - 16.4.1.2. Italy
  - 16.4.1.3. France
  - 16.4.1.4. U.K.
  - 16.4.1.5. Spain
  - 16.4.1.6. BENELUX
  - 16.4.1.7. Russia
  - 16.4.1.8. Rest of Europe
- 16.4.2. By Application
- 16.4.3. By End Use
- 16.4.4. By Sales Channel
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Application
- 16.5.3. By End Use
- 16.5.4. By Sales Channel
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. South Asia Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 17.4.1. By Country
  - 17.4.1.1. Thailand
  - 17.4.1.2. Indonesia
  - 17.4.1.3. Malaysia
  - 17.4.1.4. Rest of South Asia
- 17.4.2. By Application
- 17.4.3. By End Use
- 17.4.4. By Sales Channel
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Application
- 17.5.3. By End Use
- 17.5.4. By Sales Channel
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. East Asia Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 18.4.1. By Country
  - 18.4.1.1. Japan
  - 18.4.1.2. South Korea
- 18.4.2. By Application
- 18.4.3. By End Use
- 18.4.4. By Sales Channel
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Application
- 18.5.3. By End Use
- 18.5.4. By Sales Channel
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

19. Oceania Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031

19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 19.4.1. By Country
  - 19.4.1.1. Australia
  - 19.4.1.2. New Zealand
- 19.4.2. By Application
- 19.4.3. By End Use
- 19.4.4. By Sales Channel
19.5. Market Attractiveness Analysis
- 19.5.1. By Country
- 19.5.2. By Application
- 19.5.3. By End Use
- 19.5.4. By Sales Channel
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis

20. Middle East and Africa Fitness Equipment Market Analysis 2019-2023 and Forecast 2024-2031

20.1. Introduction
20.2. Pricing Analysis
20.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
20.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 20.4.1. By Country
  - 20.4.1.1. GCC Countries
  - 20.4.1.2. South Africa
  - 20.4.1.3. Rest of MEA
- 20.4.2. By Application
- 20.4.3. By End Use
- 20.4.4. By Sales Channel
20.5. Market Attractiveness Analysis
- 20.5.1. By Country
- 20.5.2. By Application
- 20.5.3. By End Use
- 20.5.4. By Sales Channel
20.6. Market Trends
20.7. Key Market Participants - Intensity Mapping
20.8. Drivers and Restraints - Impact Analysis

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies (Fitness Equipment)
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Market Presence Analysis
- 21.4.1. By Regional footprint of Players
- 21.4.2. Product foot print by Players
- 21.4.3. Channel Foot Print by Players

22. Competition Analysis

22.1. Competition Dashboard
22.2. Pricing Analysis by Competition
22.3. Competition Benchmarking
22.4. Competition Deep Dive
- 22.4.1. Brunswick Corporation
  - 22.4.1.1. Overview
  - 22.4.1.2. Product Portfolio
  - 22.4.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.1.4. Sales Footprint
  - 22.4.1.5. Strategy Overview
- 22.4.2. Technogym S.p.A.
  - 22.4.2.1. Overview
  - 22.4.2.2. Product Portfolio
  - 22.4.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.2.4. Sales Footprint
  - 22.4.2.5. Strategy Overview
- 22.4.3. ICON Health & Fitness, Inc.
  - 22.4.3.1. Overview
  - 22.4.3.2. Product Portfolio
  - 22.4.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.3.4. Sales Footprint
  - 22.4.3.5. Strategy Overview
- 22.4.4. Nautilus, Inc.
  - 22.4.4.1. Overview
  - 22.4.4.2. Product Portfolio
  - 22.4.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.4.4. Sales Footprint
  - 22.4.4.5. Strategy Overview
- 22.4.5. TRUE Fitness Technology, Inc.
  - 22.4.5.1. Overview
  - 22.4.5.2. Product Portfolio
  - 22.4.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.5.4. Sales Footprint
  - 22.4.5.5. Strategy Overview
- 22.4.6. Core Health and Fitness, LLC
  - 22.4.6.1. Overview
  - 22.4.6.2. Product Portfolio
  - 22.4.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.6.4. Sales Footprint
  - 22.4.6.5. Strategy Overview
- 22.4.7. Precor Incorporated
  - 22.4.7.1. Overview
  - 22.4.7.2. Product Portfolio
  - 22.4.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.7.4. Sales Footprint
  - 22.4.7.5. Strategy Overview
- 22.4.8. Johnson Health Tech Co., Ltd.
  - 22.4.8.1. Overview
  - 22.4.8.2. Product Portfolio
  - 22.4.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.8.4. Sales Footprint
  - 22.4.8.5. Strategy Overview
- 22.4.9. Amer Sports Corporation
  - 22.4.9.1. Overview
  - 22.4.9.2. Product Portfolio
  - 22.4.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.9.4. Sales Footprint
  - 22.4.9.5. Strategy Overview
- 22.4.10. SportsArt Fitness, Inc.
  - 22.4.10.1. Overview
  - 22.4.10.2. Product Portfolio
  - 22.4.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.10.4. Sales Footprint
  - 22.4.10.5. Strategy Overview
- 22.4.11. Cybex International
  - 22.4.11.1. Overview
  - 22.4.11.2. Product Portfolio
  - 22.4.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.11.4. Sales Footprint
  - 22.4.11.5. Strategy Overview
- 22.4.12. Torque Fitness, LLC
  - 22.4.12.1. Overview
  - 22.4.12.2. Product Portfolio
  - 22.4.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.12.4. Sales Footprint
  - 22.4.12.5. Strategy Overview
- 22.4.13. Vectra Fitness
  - 22.4.13.1. Overview
  - 22.4.13.2. Product Portfolio
  - 22.4.13.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.13.4. Sales Footprint
  - 22.4.13.5. Strategy Overview
- 22.4.14. NordicTrack
  - 22.4.14.1. Overview
  - 22.4.14.2. Product Portfolio
  - 22.4.14.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.14.4. Sales Footprint
  - 22.4.14.5. Strategy Overview
- 22.4.15. Woodway USA, Inc.
  - 22.4.15.1. Overview
  - 22.4.15.2. Product Portfolio
  - 22.4.15.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.15.4. Sales Footprint
  - 22.4.15.5. Strategy Overview
- 22.4.16. Fitness World
  - 22.4.16.1. Overview
  - 22.4.16.2. Product Portfolio
  - 22.4.16.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.16.4. Sales Footprint
  - 22.4.16.5. Strategy Overview
- 22.4.17. HOIST Fitness Systems
  - 22.4.17.1. Overview
  - 22.4.17.2. Product Portfolio
  - 22.4.17.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.4.17.4. Sales Footprint
  - 22.4.17.5. Strategy Overview
- 22.4.18. Other Players (As Per Request)