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Fitness Equipment Market by Type, and by End User - Global Opportunity Analysis and Industry Forecast, 2022-2030

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    Report

  • 582 Pages
  • December 2022
  • Region: Global
  • Next Move Strategy Consulting
  • ID: 5699784
Fitness Equipment Market size was valued at USD 12.43 billion in 2021 and is predicted to reach USD 16.56 billion by 2030 with a CAGR of 2.8% during the forecast period, 2022 to 2030.

The growing adoption of virtual classes and inclination of individuals towards residential gyms due to their busy and hectic working schedule that allows residents to plan a workout at their own convenience is expected to drive the growth of the home fitness equipment market.

However, high cost of fitness equipment products coupled with the limitation of space, especially for people indulging in home workouts is expected to restrain the growth of the market during the forecast period. On the contrary, growing advanced technologies by the manufacturers for innovating better fitness equipment such as fitness trackers, smart exercise equipment, and wearable fitness technology that enables to monitor of real-time health data are expected to create ample growth opportunities for the market in the coming years.

Segment Overview

The global fitness equipment industry is segmented on the basis of type, end user, and region.
  • By type, the market is classified into cardiovascular training equipment, strength training equipment, and others
  • By end user, the market is categorized into home consumer, health club & gym, and other commercial.
  • By region, the market is segmented into North America, Europe, Asia-Pacific, and RoW.

Regional Analysis

Asia Pacific market is projected to hold a dominant share by 2030.

The rapidly rising sports and fitness industry is due to the rising trend of consumer inclination towards health fitness in recent years in this region. According to Active & Sport Expo, in Mexico, there were more than 12,000 sports clubs with over 4 million members, which generated annual revenues of USD 1.8 billion in 2021. Also, the presence of major key players, such as Rogue Fitness, iFIT Health & Fitness Inc., and Life Fitness, Inc. are adopting partnership strategies that boost the market growth in this region. For instance, in October 2021, Life Fitness announced Life Fitness Connect, a free-to-download mobile app for Apple and Android devices. It provides advanced workout tracking capabilities and on-demand classes to help exercisers stay motivated on-and-off life fitness and cybex equipment.

Key Market Players

Emerging and efficient key players in the global fitness equipment market research include companies such as:
  • Johnson Health Tech
  • iFIT Health & Fitness, Inc.
  • Life Fitness, Inc.
  • Technogym S.p.A
  • Core Health & Fitness, LLC
  • Impulse (Qingdao) Health
  • Peloton Interactive, Inc.
  • ShuHua Sports Co., Ltd.
  • Rogue Fitness
  • ABC Fitness Solutions

Recent Developments

August 2022

ABC Fitness Solutions (ABC) acquired Glofox. The strategic addition of Glofox to ABC significantly expands ABC’s global reach and amplifies its ability to serve fitness organizations of all sizes. Collectively they will support over 31 million members across more than 24,000 fitness locations in 116 counties.

April 2022

Core Health & Fitness LLC acquired Wexer Holding LLC, a leader in digital health and fitness offerings. This acquisition will provide Wexer with the funding to scale its business through significant acquisitions to consolidate the digital fitness sector. It further helps to drive digital adoption across the global health club sector.

October 2021

iFIT announced multi-year exclusive connected treadmill and content partnerships with boston, chicago, london and new york city marathons. This partnership will expand iFIT’s defining, long-term content strategy which engages subscribers through powerful interactive workouts around the globe.

October 2021

Matrix Fitness, a subsidiary of Johnson Health Tech announced a partnership with Myzone, the leading wearable technology solution in the fitness industry. The first phase of the partnership seamlessly integrates Myzone heart rate devices with Matrix Touch and Touch XL consoles and the new Virtual Training Cycle.

October 2021

Technogym partnered with Dior Partners on branded sports equipment to launch a series of pop-up stores to introduce the Dior Vibe line, which includes the Dior and Technogym Limited Edition series of home wellness products. This new project Technogym and Dior have joined forces to devise these unique pieces such as Technogym MyRun connected treadmill, Technogym multifunctional workout bench and Technogym exercise ball.

Table of Contents

1. Introduction
1.1. Report Description
1.2. Who Should Read this Report
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology
1.5.1 Secondary Research
1.5.2 Data Analysis Framework
1.5.3 Market Size Estimation
1.5.4 Forecasting
1.5.5 Primary Research and Data Validation
2. Fitness Equipment Market - Executive Summary
2.1. Market Snapshot, 2021 - 2030, Million Usd
3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics
3.2.1 Drivers
3.2.1.1. Growing Health Complications Among the Population Across the Globe
3.2.1.2. Rising Inclination Towards Advanced Digital Technology
3.2.1.3. Increasing Number of Gyms & Fitness Clubs Around the Globe
3.2.2 Restraints
3.2.2.1. High Cost of Equipment Along With the Complex Procurement of Components
3.2.3 Opportunities
3.2.3.1. Rising Innovative Products Along With the Trend of the Home Fitness Industry
4. Market Share Analysis
4.1. Market Share Analysis of Top Fitness Equipment Providers, 2021
5. Global Fitness Equipment Market, by Type
5.1. Overview
5.2. Cardiovascular
5.2.1 Global Cardiovascular Market, by Type
5.2.1.1. Treadmill Market, by Region
5.2.1.2. Elliptical Market, by Region
5.2.1.3. Stationary Bike Market, by Region
5.2.1.4. Rowing Machine Market, by Region
5.2.1.5. Other Equipment Market, by Region
5.2.2 Cardiovascular Market, by Region
5.3. Strength Training
5.3.1 Global Strength Training Market, by Type
5.3.1.1. Free Weights Market, by Region
5.3.1.2. Other Machines Market, by Region
5.3.2 Strength Training Market, by Region
5.4. Others
5.4.1 Global Others Market, by Type
5.4.1.1. Activity Monitors Market, by Region
5.4.1.2. Body Analyzers Market, by Region
5.4.2 Others Market, by Region
6. Global Fitness Equipment Market, by End-user
6.1. Overview
6.2. Home
6.2.1 Home Market, by Region
6.3. Health Club
6.3.1 Health Club Market, by Region
6.4. Other Commercial
6.4.1 Global Other Commercial Market, by End-user
6.4.1.1. Hotels Market, by Region
6.4.1.2. Corporate Offices Market, by Region
6.4.1.3. Hospitals & Medical Centers Market, by Region
6.4.1.4. Public Institutions Market, by Region
6.4.2 Other Commercial Market, by Region
7. Global Fitness Equipment Market, by Region
7.1. Overview
7.2. North America
7.2.1 North America Fitness Equipment Market, by Type
7.2.1.1. North America Cardiovascular Market, by Type
7.2.1.2. North America Strength Training Market, by Type
7.2.1.3. North America Others Market, by Type
7.2.2 North America Fitness Equipment Market, by End-user
7.2.2.1. North America Other Commercial Market, by End-user
7.2.3 North America Fitness Equipment Market, by Country
7.2.3.1. U.S.
7.2.3.1.1. U.S. Fitness Equipment Market, by Type
7.2.3.1.1.1. U.S. Cardiovascular Market, by Type
7.2.3.1.1.2. U.S. Strength Training Market, by Type
7.2.3.1.1.3. U.S. Others Market, by Type
7.2.3.1.2. U.S. Fitness Equipment Market, by End-user
7.2.3.1.2.1. U.S. Other Commercial Market, by End-user
7.2.3.2. Canada
7.2.3.2.1. Canada Fitness Equipment Market, by Type
7.2.3.2.1.1. Canada Cardiovascular Market, by Type
7.2.3.2.1.2. Canada Strength Training Market, by Type
7.2.3.2.1.3. Canada Others Market, by Type
7.2.3.2.2. Canada Fitness Equipment Market, by End-user
7.2.3.2.2.1. Canada Other Commercial Market, by End-user
7.2.3.3. Mexico
7.2.3.3.1. Mexico Fitness Equipment Market, by Type
7.2.3.3.1.1. Mexico Cardiovascular Market, by Type
7.2.3.3.1.2. Mexico Strength Training Market, by Type
7.2.3.3.1.3. Mexico Others Market, by Type
7.2.3.3.2. Mexico Fitness Equipment Market, by End-user
7.2.3.3.2.1. Mexico Other Commercial Market, by End-user
7.3. Europe
7.3.1 Europe Fitness Equipment Market, by Type
7.3.1.1. Europe Cardiovascular Market, by Type
7.3.1.2. Europe Strength Training Market, by Type
7.3.1.3. Europe Others Market, by Type
7.3.2 Europe Fitness Equipment Market, by End-user
7.3.2.1. Europe Other Commercial Market, by End-user
7.3.3 Europe Fitness Equipment Market, by Country
7.3.3.1. UK
7.3.3.1.1. UK Fitness Equipment Market, by Type
7.3.3.1.1.1. UK Cardiovascular Market, by Type
7.3.3.1.1.2. UK Strength Training Market, by Type
7.3.3.1.1.3. UK Others Market, by Type
7.3.3.1.2. UK Fitness Equipment Market, by End-user
7.3.3.1.2.1. UK Other Commercial Market, by End-user
7.3.3.2. France
7.3.3.2.1. France Fitness Equipment Market, by Type
7.3.3.2.1.1. France Cardiovascular Market, by Type
7.3.3.2.1.2. France Strength Training Market, by Type
7.3.3.2.1.3. France Others Market, by Type
7.3.3.2.2. France Fitness Equipment Market, by End-user
7.3.3.2.2.1. France Other Commercial Market, by End-user
7.3.3.3. Germany
7.3.3.3.1. Germany Fitness Equipment Market, by Type
7.3.3.3.1.1. Germany Cardiovascular Market, by Type
7.3.3.3.1.2. Germany Strength Training Market, by Type
7.3.3.3.1.3. Germany Others Market, by Type
7.3.3.3.2. Germany Fitness Equipment Market, by End-user
7.3.3.3.2.1. Germany Other Commercial Market, by End-user
7.3.3.4. Italy
7.3.3.4.1. Italy Fitness Equipment Market, by Type
7.3.3.4.1.1. Italy Cardiovascular Market, by Type
7.3.3.4.1.2. Italy Strength Training Market, by Type
7.3.3.4.1.3. Italy Others Market, by Type
7.3.3.4.2. Italy Fitness Equipment Market, by End-user
7.3.3.4.2.1. Italy Other Commercial Market, by End-user
7.3.3.5. Spain
7.3.3.5.1. Spain Fitness Equipment Market, by Type
7.3.3.5.1.1. Spain Cardiovascular Market, by Type
7.3.3.5.1.2. Spain Strength Training Market, by Type
7.3.3.5.1.3. Spain Others Market, by Type
7.3.3.5.2. Spain Fitness Equipment Market, by End-user
7.3.3.5.2.1. Spain Other Commercial Market, by End-user
7.3.3.6. Portugal
7.3.3.6.1. Portugal Fitness Equipment Market, by Type
7.3.3.6.1.1. Portugal Cardiovascular Market, by Type
7.3.3.6.1.2. Portugal Strength Training Market, by Type
7.3.3.6.1.3. Portugal Others Market, by Type
7.3.3.6.2. Portugal Fitness Equipment Market, by End-user
7.3.3.6.2.1. Portugal Other Commercial Market, by End-user
7.3.3.7. Benelux
7.3.3.7.1. Benelux Fitness Equipment Market, by Type
7.3.3.7.1.1. Benelux Cardiovascular Market, by Type
7.3.3.7.1.2. Benelux Strength Training Market, by Type
7.3.3.7.1.3. Benelux Others Market, by Type
7.3.3.7.2. Benelux Fitness Equipment Market, by End-user
7.3.3.7.2.1. Benelux Other Commercial Market, by End-user
7.3.3.8. Rest of Europe
7.3.3.8.1. Rest of Europe Fitness Equipment Market, by Type
7.3.3.8.1.1. Rest of Europe Cardiovascular Market, by Type
7.3.3.8.1.2. Rest of Europe Strength Training Market, by Type
7.3.3.8.1.3. Rest of Europe Others Market, by Type
7.3.3.8.2. Rest of Europe Fitness Equipment Market, by End-user
7.3.3.8.2.1. Rest of Europe Other Commercial Market, by End-user
7.4. Asia-Pacific
7.4.1 Asia-Pacific Fitness Equipment Market, by Type
7.4.1.1. Asia-Pacific Cardiovascular Market, by Type
7.4.1.2. Asia-Pacific Strength Training Market, by Type
7.4.1.3. Asia-Pacific Others Market, by Type
7.4.2 Asia-Pacific Fitness Equipment Market, by End-user
7.4.2.1. Asia-Pacific Other Commercial Market, by End-user
7.4.3 Asia-Pacific Fitness Equipment Market, by Country
7.4.3.1. Japan
7.4.3.1.1. Japan Fitness Equipment Market, by Type
7.4.3.1.1.1. Japan Cardiovascular Market, by Type
7.4.3.1.1.2. Japan Strength Training Market, by Type
7.4.3.1.1.3. Japan Others Market, by Type
7.4.3.1.2. Japan Fitness Equipment Market, by End-user
7.4.3.1.2.1. Japan Other Commercial Market, by End-user
7.4.3.2. South Korea
7.4.3.2.1. South Korea Fitness Equipment Market, by Type
7.4.3.2.1.1. South Korea Cardiovascular Market, by Type
7.4.3.2.1.2. South Korea Strength Training Market, by Type
7.4.3.2.1.3. South Korea Others Market, by Type
7.4.3.2.2. South Korea Fitness Equipment Market, by End-user
7.4.3.2.2.1. South Korea Other Commercial Market, by End-user
7.4.3.3. China
7.4.3.3.1. China Fitness Equipment Market, by Type
7.4.3.3.1.1. China Cardiovascular Market, by Type
7.4.3.3.1.2. China Strength Training Market, by Type
7.4.3.3.1.3. China Others Market, by Type
7.4.3.3.2. China Fitness Equipment Market, by End-user
7.4.3.3.2.1. China Other Commercial Market, by End-user
7.4.3.4. India
7.4.3.4.1. India Fitness Equipment Market, by Type
7.4.3.4.1.1. India Cardiovascular Market, by Type
7.4.3.4.1.2. India Strength Training Market, by Type
7.4.3.4.1.3. India Others Market, by Type
7.4.3.4.2. India Fitness Equipment Market, by End-user
7.4.3.4.2.1. India Other Commercial Market, by End-user
7.4.3.5. Rest of Asia-Pacific
7.4.3.5.1. Rest of Asia-Pacific Fitness Equipment Market, by Type
7.4.3.5.1.1. Rest of Asia-Pacific Cardiovascular Market, by Type
7.4.3.5.1.2. Rest of Asia-Pacific Strength Training Market, by Type
7.4.3.5.1.3. Rest of Asia-Pacific Others Market, by Type
7.4.3.5.2. Rest of Asia-Pacific Fitness Equipment Market, by End-user
7.4.3.5.2.1. Rest of Asia-Pacific Other Commercial Market, by End-user
7.5. Rest of World
7.5.1 Rest of World Fitness Equipment Market, by Type
7.5.1.1. Rest of World Cardiovascular Market, by Type
7.5.1.2. Rest of World Strength Training Market, by Type
7.5.1.3. Rest of World Others Market, by Type
7.5.2 Rest of World Fitness Equipment Market, by End-user
7.5.2.1. Rest of World Other Commercial Market, by End-user
7.5.3 Rest of World Fitness Equipment Market, by Country
7.5.3.1. Brazil
7.5.3.1.1. Brazil Fitness Equipment Market, by Type
7.5.3.1.1.1. Brazil Cardiovascular Market, by Type
7.5.3.1.1.2. Brazil Strength Training Market, by Type
7.5.3.1.1.3. Brazil Others Market, by Type
7.5.3.1.2. Brazil Fitness Equipment Market, by End-user
7.5.3.1.2.1. Brazil Other Commercial Market, by End-user
7.5.3.2. Remaining Countries
7.5.3.2.1. Remaining Countries Fitness Equipment Market, by Type
7.5.3.2.1.1. Remaining Countries Cardiovascular Market, by Type
7.5.3.2.1.2. Remaining Countries Strength Training Market, by Type
7.5.3.2.1.3. Remaining Countries Others Market, by Type
7.5.3.2.2. Remaining Countries Fitness Equipment Market, by End-user
7.5.3.2.2.1. Remaining Countries Other Commercial Market, by End-user
8. Company Profiles
8.1. Johnson Health Tech
8.1.1 Company Overview
8.1.2 Company Snapshot
8.1.3 Product Portfolio
8.1.4 Business Performance
8.1.5 Key Strategic Moves & Developments
8.1.6 Primary Market Competitors
8.2. Abc Fitness Solutions.
8.2.1 Company Overview
8.2.2 Company Overview
8.2.3 Product Portfolio
8.2.4 Key Strategic Moves & Developments
8.2.5 Primary Market Competitors
8.3. Ifit Health & Fitness Inc.
8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Product Portfolio
8.3.4 Key Strategic Moves & Developments
8.3.5 Primary Market Competitors
8.4. Life Fitness, Inc.
8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Product Portfolio
8.4.4 Key Strategic Moves & Developments
8.4.5 Primary Market Competitors
8.5. Technogym S.P.A
8.5.1 Company Overview
8.5.2 Company Snapshot
8.5.3 Product Portfolio
8.5.4 Business Performance
8.5.5 Sales by Business Segment
8.5.6 Sales by Geographic Segment
8.5.7 Key Strategic Moves & Developments
8.5.8 Primary Market Competitors
8.6. Core Health & Fitness, LLC
8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Product Portfolio
8.6.4 Key Strategic Moves & Developments
8.6.5 Primary Market Competitors
8.7. Peloton Interactive Inc
8.7.1 Company Overview
8.7.2 Company Overview
8.7.4 Product Portfolio
8.7.5 Business Performance
8.7.6 Sales by Business Segment
8.7.7 Sales by Geographic Segment
8.7.8 Key Strategic Moves & Developments
8.7.9 Primary Market Competitors
8.8. Impulse (Qingdao) Health Tech Co. Ltd
8.8.1 Company Overview
8.8.2 Company Overview
8.8.4 Product Portfolio
8.8.5 Business Performance
8.8.6 Key Strategic Moves & Developments
8.8.7 Primary Market Competitors
8.9. Shuhua Sports Co. Ltd.
8.9.1 Company Overview
8.9.2 Company Overview
8.9.3 Product Portfolio
8.9.4 Business Performance
8.9.5 Key Strategic Moves & Developments
8.9.6 Primary Market Competitors
8.10. Rogue Fitness
8.10.1 Company Overview
8.10.2 Company Snapshot
8.10.3 Product Portfolio
8.10.4 Key Strategic Moves & Developments
8.10.5 Primary Market Competitors

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Johnson Health Tech
  • iFIT Health & Fitness, Inc.
  • Life Fitness, Inc.
  • Technogym S.p.A
  • Core Health & Fitness, LLC
  • Impulse (Qingdao) Health
  • Peloton Interactive, Inc.
  • ShuHua Sports Co., Ltd.
  • Rogue Fitness
  • ABC Fitness Solutions