Press release
Fitness Equipment Market Report 2024: Strategies And Recent Developments
Fitness Equipment Market
The Business Research Company offers in-depth market insights through Fitness Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fitness equipment market size has grown steadily in recent years. It will grow from $13.94 billion in 2023 to $14.52 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to economic factors and disposable income, increased accessibility, fashion and trends in fitness, aging population and health awareness, commercial gym industry development..
The fitness equipment market size is expected to see steady growth in the next few years. It will grow to $17.51 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to health and wellness trends, online fitness platforms, focus on personalization, sustainable and eco-friendly equipment, integration with health monitoring.. Major trends in the forecast period include smart and connected equipment, home fitness revolution, virtual fitness experience, focus on health monitoring, eco-friendly designs..
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Market Segmentation:
The fitness equipment market covered in this report is segmented -
1) By Type: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment
2) By Buyer Type: Individual, Institution, Other Buyer Types
3) By Gender: Male, Female
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
Major Driver - Rising Obesity Rates Fuel Fitness Equipment Market Growth
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. For instance, in March 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, around the world, 650 million adults, 340 million teenagers and 39 million children are obese. The WHO estimates that 167 million adults and children who are overweight or obese may experience some health problems by 2025. Therefore, increasing the prevalence of obesity is driving the growth of the fitness equipment market.
Competitive Landscape:
Major companies operating in the fitness equipment market report are 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., Peloton Interactive Inc., Torque Fitness LLC, iFIT.com, Rogue Fitness, Jerai Fitness Private Limited, Cosco Sports Equipment, Shuhua Sports Co. Ltd., Brunswick Corporation, Body-Solid Inc., Precor Incorporated, Shandong Aoxinde Fitness Equipment Co. Ltd., BFT Fitness, Shanghai Define Health Tech Co. Ltd., Realleader Fitness Co. Ltd., Amer Sports Corporation, Afton Health and Fitness, Dyaco International Inc., Decathlon Group, NordicTrack, Matrix Fitness, Horizon Fitness, Synca Wellness, Tempo Fitness, Yanre Fitness, Origin Fitness .
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Top Trend - Product Innovation Drives Transformation In The Fitness Equipment Market
Product innovation has emerged as the key trend gaining popularity in the fitness equipment market. 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.
The Table Of Content For The Market Report 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
…..
27. Fitness Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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