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Fitness Equipment Market 2023 - Market Share, Size, Industry Growth, Competitive Landscape, And Forecast To 2032
Fitness Equipment Market Analysis
Fitness Equipment Market Size, Growth Rate, And Forecast
The global fitness equipment market size is expected to grow from $13.39 billion in 2022 to $13.89 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fitness equipment market size is expected to reach $16.20 billion in 2027 at a CAGR of 3.9%.
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Fitness Equipment Market Drivers
The increasing prevalence of obesity is expected to boost the growth of the fitness equipment market going forward. Obesity refers to a medical condition that increases the risk of a number of diseases and ailments, such as heart disease, diabetes, high blood pressure and several cancers. Fitness equipment by providing aerobic workout, raise the heart rate, boost metabolism and burn calories to lose weight.
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Fitness Equipment Market Segments
1) By Type: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment
2) By Gender: Male, Female
3) By Buyer Type: Individual, Institution, Other Buyer Types
4) By Application: Weight Loss, Body Building, Physical Fitness, Mental Fitness, Other Applications
5) By End User: Health Clubs Or Gyms, Home Consumer, Hotels, Corporates, Hospital And Medical Centers, Public Institutions
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the fitness equipment market.
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Fitness Equipment Market Key Players
Major competitors in the fitness equipment market include Core Health & Fitness LLC, Impulse Health Tech Co. Ltd., Nautilus Inc., Johnson Health Tech. Co. Ltd., Technogym S.p.A., True Fitness Technology Inc., Icon Health & Fitness Inc.
The Business Research Company's "Global Fitness Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Fitness Equipment Market Include:
1. Executive Summary
2. Fitness Equipment Market Characteristics
3. Fitness Equipment Market Trends And Strategies
4. Fitness Equipment Market - Macro Economic Scenario
5. Fitness Equipment Market Size And Growth
....
26. Africa Fitness Equipment Market
27. Fitness Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fitness Equipment Market
29. Fitness Equipment Market Future Outlook and Potential Analysis
30. Appendix
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