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Fitness Equipment Market: Robust Growth and Emerging Trends Forecasted for 2024-2029
Fitness Equipment Market Size
What Is The Projected Market Size Of The Global Fitness Equipment Market And Its Growth Rate?
• Projected Market Size in 2024: $14.43 billion
• Projected Market Size in 2025: $15.03 billion (CAGR: 4.2%)
• Projected Market Size in 2029: $18.79 billion (CAGR: 5.7%)
The steady growth of the fitness equipment market is driven by factors such as increased accessibility to fitness regimes, rising disposable income, and popular fitness and fashion trends. The market will further be energized in the forecast period by the spike in health and wellness trends, personalised fitness programs, eco-friendly equipment, and integration with health monitoring.
What Is Driving The Growth In The Fitness Equipment Market?
The growth of the fitness equipment market is primarily driven by an alarming rise in global obesity rates. This medical condition elevates the risk of various diseases like heart disease, diabetes, high blood pressure, and several cancers. By providing cardiovascular workouts that can boost metabolism and calorie burn, fitness equipment helps in weight management. As per the World Health Organization in March 2022, there are approximately 650 million adult, 340 million teenage, and 39 million child obesity cases worldwide. The increasing prevalence of obesity is expected to keep fueling the growth of the fitness equipment market.
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Who Are the Key Players Driving Fitness Equipment Market Growth?
• 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.
• Body-Solid Inc.
• Shandong Aoxinde Fitness Equipment Co. Ltd.
• BFT Fitness
• Shanghai Define Health Tech Co. Ltd.
• Realleader Fitness Co. Ltd.
• Amer Sports Corporation
• Dyaco International Inc.
• Decathlon Group
• NordicTrack
• Matrix Fitness
• Horizon Fitness
• Synca Wellness
• Tempo Fitness
• Yanre Fitness
• Origin Fitness
What Are The Key Trends In The Fitness Equipment Market?
• Smart and connected equipment
• Home fitness revolution
• Virtual fitness experience
• Focus on health monitoring
• Eco-friendly designs
What Are The Segments Of The Global Fitness Equipment Market?
• By Type: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment
• By Buyer Type: Individual, Institution, Other Buyer Types
• By Gender: Male, Female
• 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
Which Region Leads The Fitness Equipment Market?
North America was the largest region in the fitness equipment market in 2024, whereas; Asia-Pacific is expected to emerge as the fastest-growing region during the forecast period. The report covers all geographic regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Fitness Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Fitness Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fitness Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fitness Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fitness Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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