Global Fitness Equipment Market Evaluated to Gain revenue at $13.61 Billion by 2028

According to Triton's report, the global fitness equipment market, which attained $9.80 billion in 2021, is estimated to grow at 3.95% of CAGR by 2028.

A recent study by Triton Market Research titled 'Global Fitness Equipment Market' consists of the Global Analysis and Forecasts by Distribution Channel (Offline, Online), Type (Cardiovascular Equipment, Strength Training Equipment, Other Equipment), End-user (Apartment, Home, Health Club/Gym, Corporate Office, Hotel, Others), and by Geography (Middle East and Africa, Europe, North America, Latin America, Asia-Pacific).

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According to Triton's report, the global fitness equipment market is anticipated to gain revenue worth $13.61 billion by 2028, growing at a growth rate of 3.95% over the forecast period 2022-2028.

Fitness equipment refers to machines that help advance a person's strength. These fitness gear are offered through online or offline channels to various end-users.

Physical fitness is essential to maintain a healthy lifestyle. As a result, various fitness equipment manufacturers are innovating their product offerings to the latest, cutting-edge equipment. In this regard, smart equipment helps monitor heart rate, log exercises efficiently, and track accurate calorie burn. Moreover, several machines permit users to watch television while exercising. Therefore, the growing benefits of fitness equipment boost the global market's growth. In contrast, the growing sale of imitation products and the high cost of fitness gear negatively impact the fitness equipment market's growth.

The global market for fitness equipment is broadly divided into the distribution channel, type, and end-user. Based on the distribution channel, it is sectioned into offline and online. The type segment includes cardiovascular equipment, strength training equipment, and other equipment. As per end-user, it is categorized into apartment, home, health club/gym, corporate office, hotel, and others.

The Asia-Pacific is expected to observe the fastest growth over the forecast period. The surged rate of obesity has emerged as a major health concern in the region. This growth mainly results from high-calorie food containing high-level salt, sugar, and fat. Moreover, increasing urbanization and sedentary lifestyles have led to increased obesity levels, encouraging users to opt for gym memberships or home workout sessions. These factors ultimately drive the fitness equipment market's growth.

Impulse Health Tech Co Ltd, Johnson Health Tech Co Ltd, Peloton Interactive Inc, iFIT Health and Fitness Inc, Heinz Kettler GmbH and Co KG, Total Fitness Equipment, Precor Incorporated, Nautilus Inc, Cybex International Inc, Life Fitness, True Fitness Technology Inc, Technogym SPA, Core Health and Fitness LLC, Gymequip EU are key companies in the fitness equipment market.

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Question & Answer: Fitness Equipment Market

Question 1: What aspect boosts the global fitness equipment market's growth?
Answer: Physical fitness is essential to maintain a healthy lifestyle. As a result, various fitness equipment manufacturers are innovating their product offerings to the latest, cutting-edge equipment. In this regard, smart equipment helps monitor heart rate, log exercises efficiently, and track accurate calorie burn. Moreover, several machines permit users to watch television while exercising. Therefore, the growing benefits of fitness equipment boost the global market's growth.

Question 2: What restraints negatively impact the fitness equipment market's growth?
Answer: The growing sale of imitation products and the high cost of fitness gear negatively impact the fitness equipment market's growth.

Question 3: Which region is expected to observe the fastest growth over the forecast period?
Answer: The Asia-Pacific is expected to observe the fastest growth over the forecast period. The surged rate of obesity has emerged as a major health concern in the region. This growth mainly results from high-calorie food containing high-level salt, sugar, and fat. Moreover, increasing urbanization and sedentary lifestyles have led to increased obesity levels, encouraging users to opt for gym memberships or home workout sessions. These factors ultimately drive the fitness equipment market's growth.

Question 4: Which are the key companies in the fitness equipment market?
Answer: Impulse Health Tech Co Ltd, Johnson Health Tech Co Ltd, Peloton Interactive Inc, iFIT Health and Fitness Inc, Heinz Kettler GmbH and Co KG, Total Fitness Equipment, Precor Incorporated, Nautilus Inc, Cybex International Inc, Life Fitness, True Fitness Technology Inc, Technogym SPA, Core Health and Fitness LLC, Gymequip EU are key companies in the fitness equipment market.

Related Report:

United Kingdom Weight Loss Diet and Weight Management Market

The global weight loss diet and weight management market is estimated to progress in revenue from 2019-2025 at 3.35% of CAGR.

The increasing need to control obesity levels drives the growth of the studied market. The country's obesity levels have surged significantly in the past few years, with the media reporting various health risks linked with obesity. This has encouraged several users, including users with healthy weight, to maintain their health.

Further, a growing focus on gaining a slimmer physique has led to a rise in demand for various products that help reduce weight and stay fit.

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