Fitness

Fitness Equipment Market Expected to Grow to $13.61 Billion by 2028

The Fitness Equipment Market Expected to Progress at $13.61 Billion by 2028

“The global fitness equipment market”

According to Triton report, the global fitness equipment market reached $9.80 billion in 2021. It is further predicted to register a CAGR of 3.95% by 2028.

A recent study by Triton Market Research titled Global fitness equipment market includes global analysis and forecast by type (strength equipment, cardiovascular equipment, other equipment), end user (hotel, health club/gym, apartment, corporate office, home, other), distribution channel (in online, offline) and by geography (North America, Asia-Pacific, Middle East and Africa, Europe, Latin America).

Fitness equipment plays a key role in improving an individual’s strength. They are offered to various end users, such as hotels, corporate offices, homes, and others.

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The report by Triton Market Research indicates that the global fitness equipment market is expected to grow at a CAGR of 3.95%, reaching a revenue of $13.61 billion by 2028.

In recent years, the number of health-conscious consumers has increased dramatically. This has led to the growth of fitness franchises every year. Moreover, the growing media trends are playing a major role in shaping the fitness culture, encouraging users to embrace the fitness lifestyle. These trends eventually increased the number of gym memberships, leading various gyms to upgrade their equipment to modern sports equipment such as cardiovascular and resistance machines. Thus, the growing culture of fitness coupled with rising health awareness is contributing to the growth of the fitness equipment market.

However, the high cost of fitness equipment and the increase in counterfeit products are hampering the development of the global market.

The Fitness Equipment market is divided into type, end-user, and distribution channel. The Type segment includes strength equipment, cardiovascular equipment, and other equipment. Based on the end user, it is branched into hotels, health clubs/gyms, apartments, corporate offices, homes and others. Finally, the distribution channel is segmented into online and offline.

North America is the global market leader in fitness equipment. The region’s stronghold is mainly due to the growing incidence of obesity. As a result, the majority of the population is increasingly concerned about health and fitness. In this regard, consumers are opting for home fitness equipment to ensure that their fitness needs are met despite busy schedules. Additionally, the COVID-19 pandemic has prompted virtual training sessions, further increasing the demand for home equipment. Hence, these fitness trends are expected to drive the growth of the fitness equipment market in the region.

Impulse Health Tech Co Ltd, Johnson Health Tech Co Ltd, Gymequip EU, Core Health and Fitness LLC, True Fitness Technology Inc, Precor Incorporated, Heinz Kettler GmbH and Co KG, Life Fitness, Total Fitness Equipment, Peloton Interactive Inc, Nautilus Inc, Technogym SPA, Cybex International Inc and iFIT Health and Fitness Inc are established companies in the global fitness equipment market.

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Question & Answer: Fitness Equipment Market

Question 1: What factors contribute to the growth of the fitness equipment market?

Answer: In recent years, the number of health-conscious consumers has increased dramatically. This has led to the growth of fitness franchises every year. Moreover, the growing media trends are playing a major role in shaping the fitness culture, encouraging users to embrace the fitness lifestyle. These trends eventually increased the number of gym memberships, leading various gyms to upgrade their equipment to modern sports equipment such as cardiovascular and resistance machines. Thus, the growing culture of fitness coupled with rising health awareness is contributing to the growth of the fitness equipment market.

Question 2: What factors are hindering the development of the global fitness equipment market?

Answer: The high cost of fitness equipment and the increase in counterfeit products are hampering the development of the global market.

Question 3: Which region dominates the wood plastic composites market?

Answer: North America is the world market leader in fitness equipment. The region’s stronghold is mainly due to the growing incidence of obesity. As a result, the majority of the population is increasingly concerned about health and fitness. In this regard, consumers are opting for home fitness equipment to ensure that their fitness needs are met despite busy schedules. Additionally, the COVID-19 pandemic has prompted virtual training sessions, further increasing the demand for home equipment. Hence, these fitness trends are expected to drive the growth of the fitness equipment market in the region.

Question 4: What are the established companies in the global fitness equipment market?

Answer: Impulse Health Tech Co Ltd, Johnson Health Tech Co Ltd, Gymequip EU, Core Health and Fitness LLC, True Fitness Technology Inc, Precor Incorporated, Heinz Kettler GmbH and Co KG, Life Fitness, Total Fitness Equipment, Peloton Interactive Inc, Nautilus Inc, Technogym SPA, Cybex International Inc, iFIT Health and Fitness Inc are established companies in the global fitness equipment market.

Related report:

US dieting and weight management market

The global dieting and weight management market is expected to grow at a CAGR of 1.93% during the forecast period 2019-2025.

The growing user awareness on the importance of healthy diet is mainly supporting the growth of the market. Many users opt for natural foods and increase their physical movements to achieve their fitness goals.

Also, many demand strict regulation of diets and weight management products, as even organically positioned products can harm health.

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