Press release
Fitness Equipment Market Size, Share, Industry Growth, Trends And Forecast 2023-2032
Fitness Equipment Market Report
The Business Research Company's Fitness Equipment Global Market Report 2023 identifies increasing the prevalence of obesity as the major driver for the fitness equipment market's growth in the forecast period. 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.
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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Major competitors in the fitness equipment market are Core Health & Fitness LLC, Impulse Health Tech Co. Ltd., Nautilus Inc., Johnson Health Tech. Co. Ltd., Technogym S.p.A.
A key trend in the fitness equipment market includes product innovation. Major companies operating in the fitness equipment market are developing innovative products to strengthen their position in the market. For instance, in September 2022, Nautilus Inc., a US-based fitness equipment manufacturer, launched the Bowflex BXT8J treadmill with JRNY adaptive fitness app. It is featured with SoftDrop folding system and transport wheels, a crystal clear DualTrack LCD display comes with 26 built-in workout programs.
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The fitness equipment market is segmented -
•By Type: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment
•By Gender: Male, Female
•By Buyer Type: Individual, Institution, Other Buyer Types
•By Application: Weight Loss, Body Building, Physical Fitness, Mental Fitness, Other Applications
•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.
The Business Research Company's "Global Fitness Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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