The Fitness Equipment Market is Predict to reach $18.8 Billion by 2030, at a CAGR of 5.8%

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Fitness Equipment Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Fitness Equipment Market size is expected to reach $18.8 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 8,746.4 thousand units, experiencing a growth of 6.2% (2019-2022).

The Online segment is exhibiting a CAGR of 7.5% during (2023 - 2030). The widespread expansion of e-commerce platforms has made fitness equipment more accessible to consumers. Online retailers and marketplaces provide a vast array of fitness equipment options, enabling customers to conveniently browse, compare, and purchase products from the comfort of their homes.

The Cardiovascular Training Equipment segment is leading the Global Fitness Equipment Market by Type in 2022; thereby, achieving a market value of $9.7 billion by 2030. There has been a remarkable shift towards connected fitness equipment in the cardiovascular segment. Treadmills, stationary bikes, elliptical trainers, and others are increasingly equipped with connectivity features that allow users to access live or on-demand workout classes, track their progress, and even compete with others virtually. This connectivity not only offers a more engaging workout experience but also enables users to monitor their health metrics and progress over time.

The Fitness Centers/Gyms segment is registering a CAGR of 6% during (2023 - 2030). Health clubs and gyms continually seek to differentiate themselves by offering a diverse range of fitness equipment to cater to various workout preferences. This includes traditional strength and cardio machines, as well as innovative, state-of-the-art equipment such as functional training stations, high-tech cardiovascular machines, and augmented reality-based workout systems. The continuous upgrade and diversification of equipment offerings help these establishments attract and retain members seeking various fitness experiences. Owing to these factors, the segment will proliferate in the future.

The North America region dominated the Global Fitness Equipment Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.3 billion by 2030. The Europe region is anticipating a CAGR of 5.5% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 6.6% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/fitness-equipment-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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

Global Fitness Equipment Market Segmentation

By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)

Offline
Online

By Type (Volume, Thousand Units, USD Billion, 2019-2030)

Cardiovascular Training Equipment
- Treadmills
- Stationary Cycles
- Others
Strength Training Equipment
Others

By End-user (Volume, Thousand Units, USD Billion, 2019-2030)

Home Consumers
Fitness Centers/Gyms
Others

By Geography (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Companies Profiled

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

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