According to SPER Market Research, the Fitness Equipment Market is estimated to reach USD 17.53 billion by 2032 with a CAGR of 3.54%. Equipment used for physical or fitness-related activities often falls under the category of fitness equipment. They help in building muscle or enhancing physical fitness. Free weights, rowing machines, treadmills, weight machines, stationary cycles, elliptical cross trainers, and stair steppers are just a few examples of the various types of exercise equipment. The market for exercise equipment is expanding as a result of factors such the rising popularity of fitness culture, increased health awareness due to obesity concerns, and benefits of fitness equipment.
Additionally, throughout the projection period, new chances for the researched market are being presented by the escalating home workout trends and smart home gym equipment applications. The global market for fitness equipment, however, is being constrained by the rising sale of dubious goods and pricey fitness equipment.
Fitness Equipment Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 3.54%
- Forecast Market Size (2032): 17.53 billion
The market for exercise equipment benefited during the COVID-19 epidemic. The pandemic enforced new standards and laws, such as lockdowns and social seclusion, to stop the virus’ spread. People were thus compelled to stay at home, which gave rise to new trends like at-home fitness. The demand for exercise equipment during the pandemic was driven by the increased popularity of at-home training. With the increasing focus on self-care, exercise, and health during the pandemic, fitness applications and platforms saw substantial growth. The rising popularity of at-home training during the epidemic drove the need for workout equipment. Due to the increasing emphasis on self-care, fitness, and health as a result of the pandemic, exercise applications and platforms experienced significant development. The outbreak has raised public awareness of health concerns and inspired people to strengthen their immune systems and physical wellness. Lockdown has led to gym closures all across the world, and as a result, starting in 2020, more people will utilise home exercise equipment instead of going to the gym. a better comprehension of exercise and wellness.
Impact of COVID-19 on the Fitness Equipment Market
The COVID-19 pandemic had a favourable effect on the market for fitness equipment. The epidemic enforced new rules and conventions, such as social seclusion and lockdowns, to stop the virus’ spread. People were thus compelled to stay at home, which led to the emergence of fresh fads like at-home fitness. During the pandemic, the demand for exercise equipment was driven by the increased popularity of at-home training. Exercise applications and platforms saw substantial growth as a result of the pandemic due to the increased focus on self-care, fitness, and health. The epidemic has increased public awareness of health issues and motivated people to improve their physical health and immune systems. Lockdown has caused gym closures all around the world and, as a result, a shift in gym-goers to home training equipment starting in 2020. A greater understanding of health and fitness. The growth of the home Fitness Equipment Market is anticipated to be significantly fuelled by increased awareness of health and fitness. But in the same year, the size of the Fitness Equipment Market as a whole shrank.
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Fitness Equipment Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Cardiovascular Training Equipment (Climbers, Elliptical Machines, Exercise Bikes, Treadmills)
- Strength Training Equipment (Barbells & Ladders, Extension Machines, Power Racks, Weightlifting, Weights)
By Product Type:
- Rowing Machines
- Stationary Machines
By End Use:
- Health Club
- Home Care
By Distribution Channel:
- Specialty Sports Shop
- Sports Goods Store
- Offline Retail Stores
- Online Retail Stores
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Fitness Equipment Market Key Players:
The Global Fitness Equipment Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Acme Fitness Pvt. Ltd., Aerofit, Amer Sports (Precor), Brunswick Corporation, China Nityasach Fitness Pvt. Ltd. (Aerofit), Core Health and Fitness LLC, Cybex International, Inc., Dyaco International Inc., Fitness World, General Electric, Gymequip Eu, Health Technology Co., Ltd., Heinz Kettler GmbH and Co., Hoist Fitness Systems, Inc., Icon Health and Fitness Inc., Ifit Health and Fitness Inc., Impulse (Qingdao) Health Tech Co. Ltd., Jerai Fitness Pvt. Ltd., Johnson Health Tech Inc., Life Fitness, Nautilus, Inc., Nordictrack, Nortus Fitness, Omron Healthcare, Inc., PanattaSrl, Paramount Fitness Corporation, Peloton Interactive, Inc., Precor Incorporated, Schnell Trainigsgerate GmbH , Technogym S.p.a, Torque Fitness, LLC, True Fitness Technology, Inc., Tunturi New Fitness BV.
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