The global fitness equipment market is anticipated to grow at a significant CAGR of 3.4 % during the forecast period. An increased intake of energy-dense foods that are high in fat and sugars and an increase in physical inactivity are rising obesity problems. The increasing obesity among individuals is propelling the growth of the fitness equipment market over the forecast period. Most of the global population resides in countries where overweight and obesity kill more people than underweight. Childhood obesity is associated with a higher chance of obesity, premature death, and disability in adulthood. Additionally, an increase in childhood obesity rates is creating demand for the fitness equipment market. According to the World Health Organization (WHO), around 39 million children under the age of 5 were overweight or obese in 2020.
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The global fitness equipment market is segmented based on the type and end-user. Based on the type, the market is bifurcated into cardiovascular training equipment and strength training equipment. Based on the end-user, the market is augmented into health clubs/gyms, residential and commercial. The commercial segment is expected to cater to the growth in the market, owing to these commercial users, such as hotels, hospitals, public institutions, and corporate offices, who purchase fitness equipment to improve their business offerings is su[pporting the market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Fitness Equipment Market Report Segment
By Type
- Cardiovascular Training Equipment
- Strength Training Equipment
By End-User
- Health Clubs/Gyms
- Residential
- Commercial
Global Fitness Equipment Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fitness equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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