Latest News- Fitness Equipment Market: Cardiovascular training equipment is expected to lead the Product segment during 2025-2029

The Fitness Equipment Market is being driven by Increased demand for home fitness equipment

The Fitness Equipment Market is expected to grow at a CAGR of 6.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4845 million. Fitness equipment manufacturing companies are strategically collaborating with technology providers to integrate app-based functionalities into their equipment. This trend is driven by consumer demand for smart, connected fitness solutions. In a notable move, FitLab, a leading performance lifestyle company, recently acquired Assault Fitness, an equipment manufacturer, and RPM Training, a performance equipment and apparel brand, to expand its offerings in the connected fitness market. By partnering with technology companies, fitness equipment manufacturers are enhancing their product offerings, catering to the evolving needs of tech-savvy consumers. 

Get more information on Fitness Equipment Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Cardiovascular training equipment
  • Strength training equipment
  • Other equipment
• End-user
  • Individual users
  • Health clubs and gyms
• Price
  • Mass
  • Premium
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased demand for home fitness equipment
• Technological advancements in fitness equipment
• Rising number of overweight and obese people

However, the market also witnesses some limitations, which are as follows:

• High cost of fitness equipment and availability of counterfeit products
• Lack of awareness about connected fitness equipment
• Long repurchase cycle of fitness equipment

Benefits of Buying Global Fitness Equipment Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Fitness Equipment Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Fitness Equipment Market encompasses various technologies and devices designed to promote employee well-being and support healthy lifestyle choices. This includes app development for home workouts, tracking devices, online coaching, and virtual classes. Affordable options like smart home gyms, wearable trackers, and HD touchscreen workout machines offer personalized plans and virtual classes for muscle gain, weight loss, and strength training. Commercial exercise equipment such as stationary bikes, elliptical trainers, weight machines, and resistance equipment fall under this market, along with fitness technology, smart equipment, and gym devices. Fitness devices also prioritize mental health through innovative features like online coaching and wearable trackers.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping gear, recreational vehicles, bicycles, toys, and consumer games. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of these products. Factors fueling market expansion include the expanding corporate wellness initiatives, the rising obese population, and the increasing popularity of e-commerce platforms for fitness equipment purchases. The proliferation of health and fitness clubs, with their membership numbers continuously on the rise, further bolsters market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/