Published August 31, 2023

Analysts’ Viewpoint on Fitness Equipment Market Scenario

The latest global Fitness Equipment Market report provides conclusive information about the industry overview, modern trends, demand, and recent development affecting the market growth during the upcoming year. Report also covers the new business development, price, revenue, gross margin, market size, share, potential growth, and upcoming strategy followed by leading players. The research report provides insight into main drivers, challenges, opportunities and risk of the market. Key players are profiled as well with their market shares in the Market discussed. Overall, this report covers the historical situation, present status and the future prospects. The Fitness Equipment industry research report encompasses research methodologies, and porter’s five forces analysis, product scope, CAGR status.

The estimated size of the global market for fitness equipment in 2022 was USD 16.04 billion, and it is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2029. Due to rising health consciousness among people, growing understanding of the value of regular exercise for overall wellbeing, and rising disposable incomes, the global market has seen significant growth in recent years. Exercises for physical well-being, weight management, and enhancing a person’s physical stamina and muscular strength are all performed using fitness equipment. The main drivers of global industry growth are the high percentage of obese people, the growing youth population, and the rising health concerns.

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**In case you need any specific business requirements, you can mention the same. We can customize the report based on the exact needs of the client**.

Our Sample Report Includes:

– 2023 Updated Report Introduction, Overview, and In-depth industry analysis
– COVID-19 Pandemic Outbreak Impact Analysis Included
– 150 + Pages Research Report (Inclusion of Updated Research)
– Provide Chapter-wise guidance on Request
– Fitness Equipment Market Research methodology

Top Companies Covered in This Report:

ICON Health & Fitness, Life Fitness, Peloton, Technogym, Precor, Nautilus, Johnson Health Tech, Dyaco, Impulse, Shuhua Sports, True Fitness, Shanxi Orient, WaterRower, WNQ Fitness, BH Fitness, Concept2, Landice and Other…

LOGAN, Utah- ICON Health & Fitness, a global leader in connected fitness software, content and equipment, announced that it has changed its corporate name to iFIT Health & Fitness Inc. (“iFIT”). Named after the Company’s proprietary software platform, the change reflects iFIT’s commitment to delivering personalized connected health and fitness experiences to its growing community. Currently, iFIT has more than five million members in 120 countries.

Peloton has launched two new products for its home smart gym lineup, the Bike+ ($2,495) and the Tread ($2,495). While both carry the same price tag, the new exercise bike joins as the premium version of Peloton’s original stationary cycle, which will remain on sale at $1,895, and the Tread is the new entry-level Peloton treadmill product, with the original becoming the Tread+ at $4,295. Both products were leaked by Bloomberg last week prior to their official unveiling on Tuesday.

Fitness Equipment Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. The comprehensive report provides a two-dimensional picture of the market. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2023 to 2029, the reader can identify the footprints of manufacturers in the industry.

On the basis of product type:


Exercise Bike



Strength Equipment


the basis of the applications:



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Regions Covered in the Fitness Equipment Market Report 2023

The key regions covered in the Fitness Equipment market report are North America,

Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers

key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy,

Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,

Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,

U.A.E, etc.

North America dominated the market in 2022 and accounted for over 33% share of the global revenue owing to the consumers’ growing health awareness and increased adoption of a healthy lifestyle that promotes weight management, physical well-being, improved body stamina, and muscular strength. The high obese or overweight population base in North America drives the demand in this region. In addition, increasing government regulations to promote health consciousness among its citizens has led North America to dominate the industry.

Asia Pacific is anticipated to register the fastest CAGR over the forecast period. Developed countries, such as Japan and South Korea, significantly drive market growth in the Asia Pacific region. Markets in countries, such as China and India, are witnessing rapid growth. The rising youth population across these countries drives the adoption of training equipment. In this region, there has been an increase in gym membership due to the adoption of Western culture and the growing desire to improve the overall appearance. The region’s overall disposable income increased significantly. Product adoption in the region is anticipated to be accelerated by rapid urbanization in developing economies, a rise in the youth population, and rising per capita disposable income.

Significance of the report which makes it worth buying:

– A broad and precise understanding of Fitness Equipment Industry is offered in the segmented form based on product types, applications, and regions.

–Industry Drivers and challenges affecting the industry growth are presented in this report.

– Evaluating the market competition and planning the business strategies accordingly

– Understanding Industry business plans, policies, technological advancements, and company profiles of top players.

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Table of Contents:

  1. Introduction of the Global Fitness Equipment Market
    – Overview of the Market
    – Scope of Report
    – Assumptions
  2. Executive Summary
  3. Research Methodology of Market Intelligence Data
    – Data Mining
    – Validation
    – Primary Interviews
    – List of Data Sources
  4. Global Fitness Equipment Market Outlook
    – Overview
    – Market Dynamics
    – Drivers
    – Restraints
    – Opportunities
    – Porters Five Force Model
    – Value Chain Analysis
  5. Global Fitness Equipment Market, By Product
  6. Global Fitness Equipment Market, By Application
  7. Global Fitness Equipment Market, By Geography
    – North America
    – Europe
    – Asia Pacific
    – Rest of the World
  8. Fitness Equipment Manufacturing Cost Analysis
  9. Global Fitness Equipment Market Competitive Landscape
    – Overview
    – Company Market Ranking
    – Key Development Strategies
  10. Industrial Chain, Sourcing Strategy and Downstream Buyers
  11. Marketing Strategy Analysis, Distributors/Traders
  12. Company Profiles
  13. Appendix

Critical Questions Answered in the Report

  1. What are the key trends in the market?
  2. How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
  3. What is the impact of COVID-19 on the market?
  4. What are the key strategies adopted by the major vendors to lead in the market?
  5. What is the market share of the top vendors?

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

Can I modify the scope of the report and customize it to suit my requirements?

Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

– Country level market for Fitness Equipment market (up to 5)
– Profiling and additional market players (up to 5)
– up to 40 hours of customization.

Our team is available 24/7 to assist and support our customers through reliable research.


Irfan Tamboli (Head of Sales)

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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]


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