The global fitness equipment market size is expected to value at USD 13.24 billion by 2022. The market is subject to witness a substantial growth due to the ever-growing urban population, increasing disposable income, particularly in the developing economies across the globe, and rising health consciousness among the general population. The fitness equipment is utilized to perform different types of exercises in regards to the physical wellbeing of the individual along with weight management, enhancing body stamina, and muscular strength of the individuals. Globally, the market is predicted to grow at CAGR of 3.6% in forecast period, providing numerous opportunities for market players to invest in research and development of the fitness equipment market.

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The fitness equipment that are increasingly used include treadmills, standing bicycles, abs & fitness twister, roller slide, cross trainer, and weightlifting machines. Factors responsible for robust market growth in the fitness equipment industry, in the recent years, include large number of obese population, rising health consciousness among general population, and increasing popularity of fitness equipment among younger population. Numerous initiatives undertaken by private and government authorities to promote corporate wellness programs are predicted to drive the growth of fitness equipment market in the upcoming years. However, high initial cost and increase in the resale activities of used devices are predicted to restrain market growth to a certain limit. Yet, soaring demand from developing economies across the globe are predicted to boost the demand for the fitness equipment over the forecast period.

Additionally, recent improvements and upgradation in the existing health security policies by local as well international authorities such as The United Nations (UN) and the World Health Organization (WHO) are expected to foster market in the near future. Increasing adoption of fitness equipment helps to prevent and monitor chronic diseases such as diabetes. Furthermore, increasing popularity of the fitness equipment in the developed economies is attributed to factors such as rising healthcare expenditure, and development of sports and nutrition programs and initiatives in order to encourage people belong to all ages, and backgrounds, thereby leading to active and healthy lifestyle.

This market is broadly categorized into three major types based on type of the device such as cardiovascular training, strength training, and body monitoring and analyzers. The strength training fitness equipment is considered as one of the fastest growing segment in the fitness equipment market with substantial revenue generation in the last couple of years. Growing popularity of the strength training fitness equipment segment kits is attributed to the growing demand form developing economies worldwide, rising young population and growing personal disposable incomes.

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Cardiovascular exercise market segment has also witnessed substantial growth owing to the increasing adoption on global scale coupled with rising commendation by physicians and healthcare professionals. Other factors playing major role in the rapid growth of the fitness equipment market, in the recent years include busy lifestyles and changing food patterns.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies for manufacturing of the fitness equipment, growing large obese and overweight population, rising amount of government regulations in order to encourage and promote health awareness among the citizens, and existence of well-established market players in the region.

Asia-Pacific region is predicted to hold major market share in the fitness equipment market with massive growth in forecast period. Countries such as India, China, Japan and South Korea are leading the Asia-Pacific market with rising health consciousness among general population, increasing personal disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the fitness equipment market are Amer Sports (Precor) Co., Brunswick Co., Cybex International Incorporations, Johnson Health Tech Co., Ltd., Nautilus Inc., Paramount Pvt., Ltd., Technogym Ltd., and Torque Fitness LLC.

Market Segment:

Fitness Equipment Device Outlook (Revenue, USD Million, 2012 - 2022)
• Cardiovascular training
• Strength training
• Others

Fitness Equipment End-Use Outlook (Revenue, USD Million, 2012 - 2022)
• Home
• Health clubs
• Others

Fitness Equipment Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• RoW

The global fitness equipment market size is expected to reach USD 4.52 billion by 2025. As a result of growing health related issues and increasing obesity. Obesity is a major issue in developed and developing countries. It causes numerous health issues such as heart diseases diabetes, and increase in cholesterol level. To overcome this doctors and physicians are advising to go on a regular exercise and follow a strict eating habit. The United States has recoded with highest number of population suffering from obesity and the rate of obesity is expected to increase in the coming years.

People are enjoying the perks of technological advancement, as technology is developing rapidly, people are being dependent on it for day to day activities. However, it has reduced the physical activities and has given rise to the need for balancing the bodyweight to stay fit and avoid health related issues. Moreover, exercise is advisable in a variety of medical treatment. Additionally, people are becoming more health conscious and focus more on fitness resulting in a rise in the growth of the fitness industry. The rise in number of fitness clubs globally has increased the demand of fitness equipment industry globally and this demand is expected to grow in the coming years.

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Internet has emerged as the strongest platform to drive any trend or market. Influence of social media has resulted in creating a health-conscious society with more number of internet users becoming increasingly aware of their physique and fitness. Consequently, more and more people are trying to look good and have fitter physique, with gym being a way for people to achieve these goals. Awareness through social media apps and online advertisements are one of the factor due to which fitness equipment market trend is witnessing demand and is expected to grow in the coming years.

Government and enterprises are promoting benefits of good health and fitness by conducting various healthcare programs. The Dubai Government and Dubai Sports Council launched the Dubai Fitness Challenge in October 2017 to motivate residents to take up physical activity. Similarly, the Government of Australia has organized national fitness campaign “Fit for purpose” for awareness among people in 2011. Such initiatives and activities are boosting the demand for fitness equipment market share further.

Cardiovascular training equipment segment dominated the overall fitness equipment market by occupying accounted for 65.5% in 2017. This equipment helps in burning calories and maintaining the health of the heart. Moreover, this equipment helps in improving the cardiovascular strength of the entire body. Owing to its health benefits, growing popularity and advancement in technology this segment is expected to maintain its dominance over the forecast period.

High cost of maintenance and long downtimes are other major concerns of buyers. On an average, equipment is used for approximately16 hours per day in gyms and health clubs. This results in wear & tear and downtime of the equipment. Any fitness equipment is an asset to the gym as long as it is usable. During downtime, the equipment is a cost to the buyer. Additionally, the spares and repair of fitness equipment are expensive. This adds to the costs for the gym owners.

The major players analysed in global fitness equipment market are Brunswick Corporation, Exigo, Core Health and Fitness LLC, Precor, TRUE Fitness Technology, Inc and Johnson Health Tech Co. Ltd.

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North America was the largest market for fitness equipment and is expected to witness the steady growth over the next few years. Asia Pacific is expected to be the fastest growing market account of rising consumer demand for increasing consumer disposable income, rising health awareness, and changing lifestyles of consumers. The fitness equipment market in Europe is projected to witness a significant growth due to the rising number of residential and commercial complexes is also driving the fitness market with realtors offering fitness clubs as an amenity to attract consumers and employees, respectively. Initiatives by several local regulatory bodies to promote health of their population is also driving the establishment of fitness clubs, thereby augmenting market growth

The competitive landscape of the global fitness equipment market is growing and these are some top players of the industry such as Exigo, Brunswick Corporation, Precor, Core Health and Fitness LLC, Johnson Health Tech Co. Ltd., TRUE Fitness Technology, Inc

Key segments of the global fitness equipment market

Type Overview, 2015-2025 (USD Million)

• Strength Training Equipment
• Cardiovascular Training Equipment
• Elliptical
• Rowing machine
• Stationary bike
• Treadmills
• Other Cardiovascular Training Equipment
• Other equipment

End User Overview, 2015-2025 (USD Million)

• Health Clubs/Gyms
• Home Consumer
• Other End-Users
• Hotels
• Corporate Offices
• Hospitals & Medical Centers
• Public Institutions (Schools, Universities, and Others)

Regional Overview, 2015-2025 (USD Million)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• United Kingdom
• France
• Spain
• Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• South America
• Brazil
• Argentina
• Middle East & Africa
• South Africa

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