Fitness Equipment Market worth over $25 Bn by 2032

Fitness Equipment Market size is anticipated to exceed USD 25 billion by 2032, according to the recent research report by Global Market Insights Inc.
 

Emerging virtual fitness trends will proliferate the sales of fitness equipment for homes. At-home workout sessions and home gyms became very popular in the wake of the COVID-19 pandemic. Increasing awareness among people regarding the importance of daily exercise for maintaining overall health and fitness resulted in substantial rise in installation of online fitness apps and platforms. Manufacturers are developing digitally connected fitness equipment that are integrated with the latest technologies including automation and IoT. A paradigm shift towards customized training and fitness programs will positively influence the fitness equipment market outlook.
 

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Increasing focus on cardiac health will boost the sales of cardiovascular fitness equipment

The industry share from cardiovascular equipment is projected to register 5% CAGR between 2023 and 2032. Growing awareness about cardiovascular health and the availability of training equipment compatible with popular fitness apps will complement sector growth.
 

Increasing purchase of home fitness equipment for online training sessions

Home end-use segment held more than 20% of the fitness equipment market share in 2022. A dramatic inclination towards home-based fitness training can be attributed to the many benefits such as convenience and cost. Time-consuming corporate jobs and fast-paced lifestyles are some of the factors driving the demand for fitness equipment for home.
 

Browse key industry insights spread across 675 pages with 1257 market data tables & 27 figures & charts from the report, “Fitness Equipment Market Size By Equipment (Cardiovascular [Elliptical Machines, Treadmills, Exercise Bikes, Climbers], Strength Training [Weightlifting, Weights, Barbells & Ladders, Extension Machines, Power Racks]), By End-Use (Home, Health Clubs, Office, Hotel), COVID-19 Impact Analysis, Regional Outlook, Price Trend Analysis, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fitness-equipment-market-report
 

Presence of luxury hotel brands in Europe to augment product demand

Europe fitness equipment market is expected to account for about 25% of the revenue share by 2032. The region has a massive hospitality sector driven by increasing tourism. Large hotel chains are implementing new techniques to offer unique customer experiences such as incorporating fitness centers into their infrastructure. Several luxury hotel brands are entering Europe with exceptional offerings catering to the wellness needs of customers. For instance, Marriott unveiled The Westin London City featuring a state-of-the-art fitness center, spa facility, and relaxing hot tubs.
 

Novel business strategies to boost market expansion

Key leading fitness equipment industry participants are Core Healthcare & Fitness, Hoist Fitness Systems, Nautilus Inc., Icon Health & Fitness, Inc., Johnson Health Tech, Life Fitness (KPS Capital Partners, LLC), Peloton Interactive, Inc., Technogym S.p.A, Torque Fitness, Kettler Sports & Fitness, and True Fitness. These competitors are focusing on innovative business strategies to boost overall enterprise performance. For instance, in April 2022, Core Health and Fitness announced the acquisition of Wexer Holding LLC to accelerate digital adoption and strengthen the digital fitness business.