Fitness Equipment Market Is Expected to Exhibit Significant Growth Over 2031 Anta Sports Products, Ltd., Core Health & Fitness LLC, Icon Health & Fitness, Inc., Impulse Health Technology Co., Ltd.

The global fitness equipment market is anticipated to grow at a considerable CAGR of 3.4 % during the forecast period (2024-2031). Gym business witnessing increased investment activity is the key factor supporting the growth of the fitness equipment market over the forecast. The companies are coming up with future with investment in fitness equipment, which will provide growth opportunities to the market. 

For instance, in March 2022, The Lexicon Group, based in Pune, announced the acquisition of the MultiFit Gym for an undisclosed sum. The MultiFit has a presence in India, UK, and UAE with 23 fitness centers across 9 cities. The Lexicon Group of Institutes and MultiFit said that they have aggressive expansion plans for MultiFit and the chain would have 200 centers in five years in India and globally. 

In February 2022, Health, and fitness platform Cult.fit announced the acquisition of a majority stake in the Gold’s Gym fitness centers chain across India, in line with its plans to consolidate its position in the aggressively growing fitness industry. Cult.fit plans to continue scaling its business nationally, across non-metro cities and towns, as well as house brands such as Gold’s Gym into its network to further propel their growth in the coming years.

In June 2021, Cult.fit announced the acquisition of Bengaluru-based connected fitness startup Tread to bolster its portfolio of hardware products. The acquisition of Tread, which had launched a smart fitness bike, will help Cult.fit to launch its hardware-at-home vertical. Tread’s hardware IP with Cult.fit’s digital content and computer vision tech will create an exciting experience for customers. Cult.fit will also help Tread with technology, customer reach, and offline distribution.

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Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

By Type

By End-User

Regions Covered-

North America

Europe

Asia-Pacific

Rest of the World

Competitive Landscape- including Anta Sports Products, Ltd., Core Health & Fitness LLC, Icon Health & Fitness, Inc., Impulse Health Technology Co., Ltd., Johnson Health Tech. Co., Ltd., Cybex International, Inc., Fitness World, Nautilus, Inc., NordicTrack, and others.

A full Report of Fitness Equipment Market is Available @  https://www.omrglobal.com/industry-reports/fitness-equipment-market

Fitness Equipment Market Report Segment

By Type

Cardiovascular Training Equipment 

Strength Training Equipment

By End-User

Health Clubs/Gyms

Residential 

Commercial  

Fitness Equipment Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Spain

France

Italy

Rest of Europe

Asia-Pacific

India

China

Japan

South Korea

Rest of APAC

Rest of the World

Latin America

Middle East and Africa 

Company Profiles 

Acme Fitness Pvt. Ltd.

China Nityasach Fitness Pvt. Ltd. (Aerofit)

Cybex International, Inc.

Fitness World

Heinz kettler Gmbh and Co. KG

Hoist Fitness Systems, Inc.

Jerai Fitness Pvt. Ltd.

Life Fitness

Nautilus, Inc. 

NordicTrack

Peloton Interactive, Inc. 

Precor Inc.  Technogym S.p.A

Torque Fitness, LLC

True Fitness Technology, Inc. 

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