Fitness Equipment Market Size is USD 4.5 Billion by 2034 with CAGR of 3.8% during the forecast period

The fitness equipment market is expected to register moderate growth over the forecast period. This is attributed to increasing awareness regarding health benefits among individuals. Furthermore, rising incidences of cardio vascular diseases and obesity across the globe drives growth of the fitness equipment market. Fitness Equipment Market Size was valued at USD 3.2 Billion in 2024 and is expected to reach USD 4.5 Billion by 2034 growing at a CAGR of 3.8%.

The report "Fitness Equipment Market, by Type (Cardiovascular Training Equipment, Strength Training Equipment, and Others (Body Analyzers and Activity Monitors)), by end-user (Health Clubs, Home Consumers, And Others (Hotels, Corporate Offices, Hospitals & Medical Centers, and Public Institutions)), and Region - Forecast to 2034" 

Key Highlights:

• On August 2018, Tonal Systems, Inc. launched at-home digital strength-training system.
• In January 31, 2019, Star Trac Health and Fitness Inc launched Star Trac FreeRunner, which is an innovative treadmill featuring patent-pending technology designed to absorb impact and reduce injury.

Key Market Insights from the report:          

The market report has been segmented on the basis of type, end-user, and region.

• By type, the cardiovascular training is segment accounted for major revenue share in 2018, owing to increasing penetration in the developed countries.
• By end-user, the health clubs/gyms is segment accounted for major revenue share in 2018 due to growing health clubs/gyms globally and their attractive membership price and services offerings.
• By region, North America fitness equipment market is accounted for major revenue share of the fitness equipment market and is further anticipated to maintain its dominance over the forecast period, owing to increasing demand for fitness and service equipment, rising incidences of chronic heart diseases, and inclination towards healthy living among individuals in countries of the region. The Europe fitness equipment is accounted for the second-highest share in terms of revenue in the fitness equipment market, in 2018.

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The key players operating the Fitness Equipment Market include Star Trac Health and Fitness Inc., Body-Solid Inc., Precor Incorporated, Tonal Systems, Inc., Paramount Fitness Corp., NordikTrack Inc., Body by Jake Global LLC, Nautilus Inc., ICON Health & Fitness Inc., and Fitness International LLC.