Fitness Equipment Market Projected Growth Rate Through 2023-2032

The Fitness Equipment Global Market Report 2023, provides comprehensive information on the fitness equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global fitness equipment market size is expected to grow from $13.39 billion in 2022 to $13.89 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fitness equipment market size is expected to reach $16.20 billion in 2027 at a CAGR of 3.9%.

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Product innovation has emerged as the key trend gaining popularity in the fitness equipment market. Major companies operating in the fitness equipment market are developing innovative products to strengthen their position in the market. For instance, in September 2022, Nautilus Inc., a US-based fitness equipment manufacturer, launched the Bowflex BXT8J treadmill with JRNY adaptive fitness app. It is featured with SoftDrop folding system and transport wheels, a crystal clear DualTrack LCD display comes with 26 built-in workout programs.

The fitness equipment market is segmented:
1) By Type: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment

2) By Gender: Male, Female

3) By Buyer Type: Individual, Institution, Other Buyer Types

4) By Application: Weight Loss, Body Building, Physical Fitness, Mental Fitness, Other Applications

5) By End User: Health Clubs Or Gyms, Home Consumer, Hotels, Corporates, Hospital And Medical Centers, Public Institutions

North America was the largest region in the fitness equipment market in 2022.

The table of contents in TBRC’s animal feed testing service market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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