Fitness Equipment Market: Future Growth, Industry Dynamics, Size Insights, and Share by 2024 – 2031 | Brunswick Corp, Technogym SpA, Nautilus

Global fitness equipment market size is expected to reach US$ 17.56 Bn by 2031, from US$ 13.18 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period.

The latest market intelligence report published by CMI with the title “Global Fitness Equipment Market 2024, Growth Opportunities, and Forecast” provides actionable insights on Consumer Goods industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on Fitness Equipment Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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Fitness Equipment Market Key trends

1. Rise of Home Fitness: The trend towards home workouts has surged, particularly since the pandemic. Consumers are increasingly investing in home gym equipment, leading to a higher demand for compact, versatile fitness machines and accessories that can fit into smaller spaces. This shift is driving innovation in products designed for home use, such as resistance bands, adjustable dumbbells, and multifunctional gym systems.

2. Smart Fitness Technology: The integration of technology in fitness equipment is transforming how consumers engage with their workouts. Smart equipment equipped with features like built-in tracking, performance analytics, and connectivity to mobile apps is gaining popularity. Devices that offer virtual coaching, live streaming classes, and personalized training experiences are particularly appealing to tech-savvy consumers.

3. Focus on Health and Wellness: There is a growing awareness of the importance of physical fitness for overall health and wellness. This trend is encouraging consumers to invest in fitness equipment that promotes both physical and mental well-being. Products that cater to holistic health, such as yoga mats, meditation tools, and equipment for low-impact workouts, are increasingly in demand.

4. Sustainability and Eco-Friendly Products :Sustainability is becoming a priority for consumers, leading to a demand for fitness equipment made from eco-friendly materials. Companies that adopt sustainable practices in manufacturing and packaging are attracting environmentally conscious consumers. This trend includes the development of equipment using recycled materials and promoting energy-efficient production processes.

5. Personalization and Customization: Consumers are seeking personalized fitness solutions that cater to their individual needs and preferences. This trend is reflected in the growing popularity of customizable equipment, such as adjustable weights and personalized training programs. Brands that offer tailored experiences and equipment designed to fit diverse fitness levels and goals are likely to see increased customer loyalty.

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Detailed Segmentation and Classification of the report (Market Size and Forecast – 2031, Y-o-Y growth rate, and CAGR):

• By Equipment Type

Cardiovascular Training Equipment

Weight Training Machine

Weight Lifting Machine

• By End User

Fitness Centers/Gyms

Home/ Individual

Others

• By Distribution Channel

Offline

Online

• By Regions and Countries

o North America

o Europe

o Asia-Pacific

o South America

o Middle East & Africa

Following are the players analyzed in the report:

• Brunswick Corp

• Technogym SpA

• Nautilus

• Amer Sports Oyj

• Health & Fitness Inc.

• TRUE Fitness Technology Inc.

• SportsArt Fitness Inc.

• Iron Grip Barbell Company

• The Kurt J. Lesker Company

• Adidas AG

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Deep-dive Analysis:

The Report provides deep-dive qualitative and quantitative analysis on Fitness Equipment Market for all the regions and countries covered below:

• North America (the United States, Canada, and Mexico)

• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)

• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)

• South America (Brazil, Argentina, and Rest of South America)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)

• Each Country is covered in detail, and report provides qualitative and quantitative analysis on Fitness Equipment Market on each country.

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?

2. What are the key driving forces responsible for shaping the fate of the Fitness Equipment market during the forecast period?

3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Fitness Equipment market?

4. What are the prominent market trends influencing the development of the Fitness Equipment market across different regions?

5. What are the major threats and challenges likely to act as a barrier in the growth of the Fitness Equipment market?

6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.

• Reports provide opportunities and threats faced by suppliers in the Fitness Equipment and tubes industry around the world.

• The report shows regions and sectors with the fastest growth potential.

• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.

• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.

• This report provides the industry’s current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

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