Fitness Equipment Market
By Type (Cardiovascular Training Equipment, Strength Training Equipment, and Rehabilitation Training Equipment),
By Application (Body Building and Physical Strength, Weight Loss, Physical Fitness and Endurance and Mental Fitness),
By Sales Channel (E-Commerce, Retail),
By End Use (Home and Personal, Gym and Health Clubs, Hotels and Corporate and Hospital and Rehab Centers),
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa):
Global Analysis and Forecast 2023-2033
The global Fitness Equipment market is to be worth more than USD 24 million by 2033.
Rise in Health and Appearance consciousness coupled with growing concerns towards Disease prevention and weight management are the primary factors to support the market growth of Fitness Equipment. The fitness Equipment market is also influenced by consumers' adventure and sports interests. For instance, special equipment designed to boost stamina for trekking, running, or climbing is finding its way into the market. Advances in technology are increasing the engagement of the consumer base; for example, the integration of television screens within the Treadmill is one such innovation. Equipment handling is also being made more flexible by introducing foldable machines. Obesity trends create good market hype for Gyms or Health clubs, assisting their growth. Developing regions are witnessing a rise in disposable income and economic conditions, making way for an increasing number of Gyms or health settings.
The companies operating within the drone camera industry are undergoing mergers, collaboration, acquisition, long-term contracts, and service agreements to increase their global footprint. For instance, Core Health & Fitness LLC ("Core"), a portfolio company of US-based private equity firm Gainline Capital Partners LP ("Gainline"), announced that it has acquired Jacobs Ladder, the leader in ladder climbing fitness offerings. The deal will provide Jacobs Ladder the funding and distribution to scale its business. Furthermore, notable investment towards research and development to integrate a new and innovative digital system that supports engagement at multiple levels is also practiced by industry stakeholders.
According to the CXOs and primary research conducted, COVID-19 has scaled up the opportunities for at-home gym equipment. It is also expected to contribute to Market growth. Companies are investing in the engagement of consumers by utilizing Digital screens to offer various features that can provide a personalized experience at home. Keeping Space requirements in mind, Foldable equipment with less assembling complexity is finding its way into the market.
The Fitness Equipment market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In line with the analyzed region, the Asia-Pacific region will witness the highest market share, followed by Europe, North America, Latin America, and Middle East & Africa. Quick adoption of new technologies, support by media influence towards health trends, rising concern towards weight management and integration of high-definition digital systems, and major industry players within the region are primary factors supporting market potential within the Asia-pacific region. The major companies operating within the market are Amer Sports Corporation, Body-Solid Inc, Core Health & Fitness, LLC., ICON Health & Fitness, Impulse (Qingdao) Health Tech Co., Ltd., Johnson Health Tech Co., Ltd., Nautilus, Inc., Peloton Interactive Inc., Shandong Aoxinde Fitness Equipment Co., Ltd., and Torque Fitness LLC.