Global Fitness Equipment Market 2024-2028

Description

List of Tables

The fitness equipment market is forecasted to grow by USD 4.09 bn during 2023-2028, accelerating at a CAGR of 6.01% during the forecast period. The report on the fitness equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for home fitness equipment, technological advancements in fitness equipment, and rising number of overweight and obese people.

Technavio's fitness equipment market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.48%
CAGR	6.01%
Incremental Value	$4.09bn

By Product

Cardiovascular training equipment
Strength training equipment
Other equipment

By End-user

Individual users
Health clubs
gyms

By Geographical Landscape

North America
APAC
Europe
Middle East and Africa
South America

This study identifies the collaborations between vendors and technology providers as one of the prime reasons driving the fitness equipment market growth during the next few years. Also, ease of use provided by advanced fitness equipment and rising demand for fitness equipment from developing economies will lead to sizable demand in the market.

The report on the fitness equipment market covers the following areas:

Fitness equipment market sizing
Fitness equipment market forecast
Fitness equipment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fitness equipment market vendors that include BowFlex, Body Solid Inc., Concept2 Inc., Dyaco International Inc., Exercycle SL, gym80 International GmbH, Icon Health and Fitness Inc., Impulse Fitness Sdn Bhd, Johnson Health Tech Co. Ltd., Keiser Corp., Les Mills International Ltd., Life Fitness, LifeSpanFitness, Peloton Interactive Inc., Performance Health Systems LLC., Rogue Fitness, Royal Play Equipments Pvt Ltd., TECHNOGYM S.p.A, Titan Brands, True Fitness Technology Inc., Tunturi New Fitness BV, and WOODWAY Inc.. Also, the fitness equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71722

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global fitness equipment market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global fitness equipment market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Cardiovascular training equipment - Market size and forecast 2023-2028
Exhibit 34: Chart on Cardiovascular training equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Cardiovascular training equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Cardiovascular training equipment - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Cardiovascular training equipment - Year-over-year growth 2023-2028 (%)
6.4 Strength training equipment - Market size and forecast 2023-2028
Exhibit 38: Chart on Strength training equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Strength training equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Strength training equipment - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Strength training equipment - Year-over-year growth 2023-2028 (%)
6.5 Other equipment - Market size and forecast 2023-2028
Exhibit 42: Chart on Other equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Other equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Other equipment - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Other equipment - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ billion)
Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Individual users - Market size and forecast 2023-2028
Exhibit 52: Chart on Individual users - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Individual users - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Individual users - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Individual users - Year-over-year growth 2023-2028 (%)
7.4 Health clubs and gyms - Market size and forecast 2023-2028
Exhibit 56: Chart on Health clubs and gyms - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Health clubs and gyms - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Health clubs and gyms - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Health clubs and gyms - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ billion)
Exhibit 61: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Body Solid Inc.
Exhibit 115: Body Solid Inc. - Overview
Exhibit 116: Body Solid Inc. - Product / Service
Exhibit 117: Body Solid Inc. - Key offerings
12.4 BowFlex
Exhibit 118: BowFlex - Overview
Exhibit 119: BowFlex - Product / Service
Exhibit 120: BowFlex - Key offerings
12.5 Concept2 Inc.
Exhibit 121: Concept2 Inc. - Overview
Exhibit 122: Concept2 Inc. - Product / Service
Exhibit 123: Concept2 Inc. - Key offerings
12.6 Dyaco International Inc.
Exhibit 124: Dyaco International Inc. - Overview
Exhibit 125: Dyaco International Inc. - Business segments
Exhibit 126: Dyaco International Inc. - Key offerings
Exhibit 127: Dyaco International Inc. - Segment focus
12.7 Icon Health and Fitness Inc.
Exhibit 128: Icon Health and Fitness Inc. - Overview
Exhibit 129: Icon Health and Fitness Inc. - Product / Service
Exhibit 130: Icon Health and Fitness Inc. - Key offerings
12.8 Johnson Health Tech Co. Ltd.
Exhibit 131: Johnson Health Tech Co. Ltd. - Overview
Exhibit 132: Johnson Health Tech Co. Ltd. - Product / Service
Exhibit 133: Johnson Health Tech Co. Ltd. - Key offerings
12.9 Keiser Corp.
Exhibit 134: Keiser Corp. - Overview
Exhibit 135: Keiser Corp. - Product / Service
Exhibit 136: Keiser Corp. - Key offerings
12.10 Life Fitness
Exhibit 137: Life Fitness - Overview
Exhibit 138: Life Fitness - Product / Service
Exhibit 139: Life Fitness - Key offerings
12.11 Peloton Interactive Inc.
Exhibit 140: Peloton Interactive Inc. - Overview
Exhibit 141: Peloton Interactive Inc. - Business segments
Exhibit 142: Peloton Interactive Inc. - Key offerings
Exhibit 143: Peloton Interactive Inc. - Segment focus
12.12 Rogue Fitness
Exhibit 144: Rogue Fitness - Overview
Exhibit 145: Rogue Fitness - Product / Service
Exhibit 146: Rogue Fitness - Key offerings
12.13 Royal Play Equipments Pvt Ltd.
Exhibit 147: Royal Play Equipments Pvt Ltd. - Overview
Exhibit 148: Royal Play Equipments Pvt Ltd. - Product / Service
Exhibit 149: Royal Play Equipments Pvt Ltd. - Key offerings
12.14 TECHNOGYM S.p.A
Exhibit 150: TECHNOGYM S.p.A - Overview
Exhibit 151: TECHNOGYM S.p.A - Product / Service
Exhibit 152: TECHNOGYM S.p.A - Key offerings
12.15 Titan Brands
Exhibit 153: Titan Brands - Overview
Exhibit 154: Titan Brands - Product / Service
Exhibit 155: Titan Brands - Key offerings
12.16 True Fitness Technology Inc.
Exhibit 156: True Fitness Technology Inc. - Overview
Exhibit 157: True Fitness Technology Inc. - Product / Service
Exhibit 158: True Fitness Technology Inc. - Key offerings
12.17 WOODWAY Inc.
Exhibit 159: WOODWAY Inc. - Overview
Exhibit 160: WOODWAY Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 163: Currency conversion rates for US$
13.4 Research methodology
Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources
13.5 List of abbreviations
Exhibit 167: List of abbreviations