Press release
Global Fitness Equipment Market Expected to Witness a Sluggish Growth through 2024
Sales of fitness equipment are channeled through online and offline stores. A wide range of products is being offered by online retailers with detailed catalogs. In 2016, the offline stores accounted for more than 80% volume share of the global fitness equipment market. This distribution channel segment is expected to expand at 2.7% CAGR, in terms of volume, during 2016 to 2024, as forecasted by Persistence Market Research (PMR) in its report. However, the online store is expected to exhibit the fastest growth during the forecast period.Key players in the global fitness equipment market are actively focusing on the provision of smart fitness equipment, capable of connecting and sharing workout data to fitness apps and wearable devices. These players include Brunswick Corp., Technogym S.p.A, Nautilus, Inc., Amer Sports Oyj, Johnson Health Tech Co., Ltd., ICON Health & Fitness, Inc., True Fitness Technology, Inc., SportsArt Fitness, Inc., Iron Grip Barbell Company, and Adidas AG.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3069
Global Fitness Equipment Market Expected to Witness a Sluggish Growth through 2024
According to PMR’s Report, the global fitness equipment market is projected to register a sluggish growth at 3% CAGR during 2016 to 2024, in terms of volume. In 2016, 13,812,312 units of fitness equipment were sold across the globe, and by 2024, the sales of fitness equipment are expected to reach 17,548,158 units. Developing economies such as China, India, Mexico, and others have shown weak aftersales services for fitness equipment. In addition, fitness equipment requires huge maintenance costs, which is impeding the growth of the global fitness equipment market.
There is a difficulty in procuring parts/components utilized for fitness equipment such as heart rate grips, LED console, handle bars, tension knobs, motors, and so on, and most of these are complex to repair. This results in replacement of the whole unit, increasing overall maintenance costs. These factors are estimated to restrain the market growth in the near future. At present, people are inclining towards exercises such as dancing, aerobics, Pilates, and yoga which require minimal use of fitness equipment. This has made fitness clubs to buy less equipment and provide more & more open spaces. This is further expected to hinder the growth of the global fitness equipment market.
Cardiovascular Training Equipment Expected to Register 2.9% CAGR During 2016 to 2024
In terms of volume, weight training equipment is expected to continue its dominance over the global fitness equipment market through 2024. This segment is estimated to account for sales of 12,098,390 units by 2024 end, expanding at a CAGR of 3.1%. Weight training equipment is expected to register a substantial growth during the forecast period. The ability of cardiovascular training equipment of being utilized by all age groups is expected to drive its growth in sales by 2024. This segment is expected to witness 2.9% CAGR, in terms of volume, during the forecast period.
Health Clubs to Remain the Fastest Growing End User in the Global Fitness Equipment Market
Health clubs are expected to remain the fastest growing end-user segment, in terms of volume, through 2024. In contrast, the home/individual segment is expected to witness highest sales in volume during the forecast period. This sale of this segment is expected to reach 8,409,796 units by 2024. Region-wise, Asia Pacific is estimated to register the fastest growth at 3.8% volume CAGR during the forecast period. In contrast, Europe is expected to remain the most lucrative region for sales of fitness equipment. The sales of fitness equipment in Europe is expected to reach 5,908,833 units by 2024.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/3069
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Fitness Equipment Market Expected to Witness a Sluggish Growth through 2024 here
News-ID: 1526660 • Views: …
More Releases from Persistence Market Research

Polyurethane Catalyst Market to Reach US$ 3.96 Billion by 2032 Driving Growth, S …
Polyurethane (PU) catalysts are specialized chemicals that play a critical role in the production of polyurethane materials. These catalysts accelerate and control the chemical reaction between polyols and isocyanates, which form polyurethane products. Polyurethanes are versatile materials used in flexible and rigid foams, coatings, adhesives, sealants, elastomers, textiles, and other applications. The performance of polyurethane products heavily depends on the type and efficiency of the catalyst used in their production.
According…

Europe Basalt Fibre Market Set to Grow from US$ 83.5 Million in 2025 to US$ 195. …
The European basalt fibre market has witnessed substantial growth in recent years, driven by increasing demand across multiple industries, including construction, automotive, aerospace, and wind energy. Basalt fibre, derived from natural volcanic rock, offers high strength, non-corrosive properties, and environmental benefits, positioning it as an attractive alternative to traditional materials such as glass and carbon fibres. As the European Union moves toward its Net-Zero 2050 targets, the adoption of sustainable…

Asia Pacific Automotive Metal Stamping Market Expected to Rise from US$ 47.9 Bil …
The Asia Pacific automotive metal stamping market is poised for significant growth, with its market value projected to reach US$ 47.9 billion by 2024. Analysts anticipate the market will expand at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031, ultimately achieving a valuation of US$ 72.5 billion by 2031. This upward trajectory is underpinned by a robust expansion in the automotive industry, growing consumer preference for…

North America Commercial Refrigeration Fans Market: Innovations and Growth Oppor …
The North American commercial refrigeration fans market is experiencing dynamic growth due to the increasing demand for energy-efficient cooling solutions in retail, foodservice, and cold chain logistics. Commercial refrigeration systems are integral to preserving perishable goods, maintaining food safety, and reducing spoilage. Fans play a crucial role in circulating air within refrigeration units, ensuring uniform cooling and optimal performance. With rising energy costs and stricter environmental regulations, manufacturers are focusing…
More Releases for Fitness
Fitness and Recreational Sports Centers Market Is in Huge Demand : NYC Fitness C …
A Latest intelligence report published by AMA Research with title "Global Fitness and Recreational Sports Centers Market Outlook to 2028. A detailed study accumulated to offer Latest insights about acute features of the Fitness and Recreational Sports Centers market. This report provides a detailed overview of key factors in the Global Fitness and Recreational Sports Centers Market and factors such as driver, restraint, past and current trends, regulatory scenarios and…
Fitness Equipment and Indoor Sports Centers Market Growth and Outlook 2023-2030 …
Fitness Equipment and Indoor Sports Centers Industry Overview and Market Scope
The report looks at other market segments including growth rate, product pricing, product classification, and product updates. The essential data and market expansion form the basis of the market research report. The global market size and share, current trends, unexplored business potential, sales, and competitive landscape analysis are just a few of the topics covered in the Fitness Equipment and…
Fitness Equipment and Indoor Sports Centers Market Upcoming Trends, Segmented by …
New Jersey, United States - The Fitness Equipment and Indoor Sports Centers Market report includes the upcoming challenges and opportunities in the market. It ensures a strengthened position in the market and a growing product portfolio by providing all the important details related to the market growth. It reveals some of the key insights and focuses on the impact of the COVID-19 crisis on different sectors of the economy. Identifying…
Personal Fitness Equipment Or Accessories Market to See Booming Growth | Matrix …
Personal Fitness Equipment Or Accessories Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Personal Fitness Equipment Or Accessories Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next…
Online Fitness Trainer - Rejuvenation Fitness Group
The role of a personal fitness trainer hasn't changed, the methods and delivery systems by which a Personal Trainer reaches his clients and helps them to achieve their goals certainly has. The dedicated studio or a Working out of a gym is still the preferred choice of most clients and Personal Trainers, but there is a movement to more online programming.
Visit Now : https://www.rejuvenationfitness.in/
Those clients who have no time…
Fitness Equipment Market 2018 – 2025| Core Health and Fitness LLC., True Fitne …
A Comprehensive research study conducted by KD Market Insights on " Fitness Equipment Market by Type (Cardiovascular Training Equipment, Strength Training Equipment, and Other Equipment), and User (Home Consumer, Health Club/Gym, and Other Commercial User): Global Opportunity Analysis and Industry Forecasts, 2018 - 2025" report offers extensive and highly detailed historical, current and future market trends in the Global and regional/market. The Fitness Equipment Market report includes market size, growth drivers, barriers, opportunities, trends and…