The North America Fitness Equipment Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,430.6 thousand units, showcasing a growth of 5.4% (2019-2022).
Commercial fitness equipment has long been a staple in gyms, fitness centers, and health clubs. These facilities have seen steady growth, with an increasing number of people engaging in structured workouts with professional equipment. The adoption of commercial fitness equipment in these settings is driven by the desire for a broader range of workout options and access to personal trainers, group classes, and specialized machines. The quality and diversity of commercial fitness equipment have improved over time, attracting a broader customer base.
Moreover, these equipment serves a wide array of applications, catering to the diverse fitness goals and needs of users. Whether it's cardiovascular exercise, strength training, rehabilitation, or sports-specific training, these equipment plays a pivotal role in enabling individuals to achieve their fitness objectives. Cardiovascular fitness equipment, such as treadmills, elliptical trainers, stationary bikes, and rowing machines, are designed to elevate heart rate and improve endurance. These machines are the go-to choose for those looking to burn calories, improve cardiovascular health, and boost stamina. Many modern cardiovascular fitness machines have interactive displays and connectivity features, allowing users to access on-demand workouts, track progress, and monitor vital statistics.
The increased disease burden of the region has acted as a catalyst, spurring a surge in demand for this equipment. Individuals are investing in home-based workout solutions as a proactive measure to address health concerns and maintain fitness levels. With the prevalence of sedentary occupations and lifestyles contributing to health issues, there's a growing realization that regular exercise is integral to combating these conditions. Consequently, there has been a notable uptick in the purchase of various fitness equipment such as treadmills, stationary bikes, ellipticals, and strength training machines, both for home use and in commercial settings like gyms and fitness centers. Therefore, rising chronic health conditions in many nations in North America are expected to boost the demand for this equipment in the region.
The US market dominated the North America Fitness Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,490.9 million by 2030. The Canada market is exhibiting a CAGR of 7.4% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 6.5% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Type, the market is segmented into Cardiovascular Training Equipment (Treadmills, Stationary Cycles, and Others), Strength Training Equipment, and Others. Based on End-user, the market is segmented into Home Consumers, Fitness Centers/Gyms, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Fitness Equipment Market is Predict to reach $18.8 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Suunto Oy (Amer Sports Corporation), Nautilus, Inc., Brunswick Corporation, Johnson Health Tech Co., Ltd., True Image Interactive, Inc., Life Fitness (Cybex International, Inc.), Impulse (Qingdao) Health Tech Ltd. Co., Icon Health & Fitness, Inc. (IHF Holdings Inc.), Torque Fitness LLC., Core Health & Fitness, LLC
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End-user (Volume, Thousand Units, USD Billion, 2019-2030)
By Country(Volume, Thousand Units, USD Billion, 2019-2030)
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