The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Obesity is likely to promote innovation in fitness equipment manufacturing, hence driving the market during the forecast period.

The global fitness equipment market is expected to grow from $13.39 billion in 2022 to $13.89 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The global fitness equipment market size is expected to reach $16.20 billion in 2027 at a CAGR of 3.9%.

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Global Fitness Equipment Market Segments Include:

• By Type: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment
• By Gender: Male, Female
• By Buyer Type: Individual, Institution, Other Buyer Types
• By Application: Weight Loss, Body Building, Physical Fitness, Mental Fitness, Other Applications
• By End User: Health Clubs Or Gyms, Home Consumer, Hotels, Corporates, Hospital And Medical Centers, Public Institutions
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global fitness equipment market in 2021.

Major Market Players in the fitness equipment market include Core Health & Fitness LLC, Impulse Health Tech Co. Ltd., Nautilus Inc., Johnson Health Tech. Co. Ltd., Technogym S.p.A., True Fitness Technology Inc.

Product innovation has emerged as the most popular trend in the fitness equipment sector. Major fitness equipment manufacturers are producing unique goods to strengthen their market position. For example, in September 2022, Nautilus Inc., a fitness equipment manufacturer based in the United States, released the Bowflex BXT8J treadmill with the JRNY adaptive fitness software. It has a SoftDrop folding system and transport wheels, as well as a crystal clear DualTrack LCD display with 26 built-in workout programmes.

The Fitness Equipment Global Market Report 2023  provides a fitness equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fitness equipment market forecast analyzes fitness equipment market size, fitness equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Fitness equipment is a gear that is used to provide fitness services. Fitness equipment is designed to assist users and sportsmen in improving their fitness. They are available in a variety of designs, each with features that target specific body locations or muscle groups.

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