Commercial Fitness Equipment Market

Global Commercial Fitness Equipment Market Size (2024 to 2029)

As per our analysis report, the global Commercial Fitness Equipment Market is expected to reach USD 13.48 billion by 2029 from USD 13.28 billion in 2024, growing at a compound annual growth rate (CAGR) of 0.3% during the forecast timeline.

Current Scenario of the Global Commercial Fitness Equipment Market

Fitness equipment refers to machines and devices used for physical activities. They help manage weight, improve stamina, build muscle strength, boost immunity, and promote overall well-being.

Common examples include treadmills, ellipticals, stationary bikes, weightlifting machines, and others. These devices come in various sizes and prices to suit individual needs. They often have cables and pulleys, allowing for different exercises to target different body parts. The demand for fitness equipment has grown worldwide due to increased health awareness and the importance of exercise during medical treatments. Commercial fitness equipment is popular for maintaining health and fitness and protecting against viruses. The industry is expected to continue growing in the future, especially after the pandemic, as people prioritize health and fitness, and companies introduce new and innovative solutions.

MARKET DRIVERS

The demand for fitness equipment is increasing worldwide because more people are becoming aware of the importance of staying healthy. Obesity rates are rising, and people are now more conscious of their health. The global commercial fitness equipment market is growing as a result. Many people are working from home, which can lead to less physical activity and unhealthy eating habits, affecting both their physical and mental well-being. Lifestyle diseases like diabetes and heart problems are becoming more common, especially among office workers who lead sedentary lives. This has created a great opportunity for companies in the commercial fitness equipment market. Nowadays, fitness equipment is incorporating artificial intelligence and machine learning technology, making it even more advanced. AI-based personal trainers are becoming popular in-home exercise equipment. Also, in developing countries, the demand for at-home fitness equipment is rising due to higher incomes, a desire to stay healthy, and an increasing interest in bodybuilding.

MARKET RESTRAINTS

The commercial fitness equipment market is facing obstacles that might slow down its growth. One significant factor is the high cost of the equipment. Unlike regular consumer-grade options, commercial-grade fitness machines and devices can be quite expensive. This can make it challenging for fitness centers, gyms, and other businesses to afford top-of-the-line equipment. Additionally, another challenge is the limited availability of space for installing the equipment. Fitness centers and gyms often have limited space, and this can restrict the number of machines they can accommodate. It may also limit their ability to offer a wide variety of equipment to their customers.

Impact of COVID-19 on the Commercial Fitness Equipment Market

During the pandemic time, many industries worldwide have faced negative impacts due to disruptions in manufacturing and supply chains caused by precautionary lockdowns and restrictions imposed by governments. The global Commercial Fitness Equipment market is no exception to this. Additionally, consumer demand has decreased as people prioritize essential expenses during the economic challenges caused by the outbreak. As the lockdown caused disruption in the supply chain and also in the manufacturing of fitness equipment, this has affected the market negatively. Also, people were not allowed to move out of their houses and take care of their health at home, so demand for commercial fitness equipment has also decreased. This is expected to affect the revenue of the global Commercial Fitness Equipment market. However, as governments started lifting lockdowns, the market has recovered gradually.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Commercial Fitness Equipment Market By Type

The most popular type of fitness equipment is cardiovascular training equipment, and it also dominates the commercial fitness equipment market shares, which includes treadmills, ellipticals, and stationary bikes.

Elliptical machines are designed for cardiovascular or aerobic workouts. Many people use the elliptical to increase their heart rate, burn calories, and lose body fat. While aerobic exercise can aid weight loss, it's not a magical cure for belly fat. Exercise bikes are great for beginners, and help to strengthen the legs. They have also been shown to improve balance when walking. These machines help increase the heart rate, burn fat, and improve overall fitness. Another common type is strength training equipment, like free weights and machines, which help build muscles and increase strength. Both types of equipment are widely used to stay fit and healthy.

Global Commercial Fitness Equipment Market By Product

The Treadmills segment dominates the commercial fitness equipment market. Treadmills and other cardiovascular machines are expected to be very popular in the future. People are becoming more health-conscious, and they have more money to spend, so there is a higher demand for treadmills. The increasing obesity rates are also driving the sales of treadmills. Treadmills are mostly used for cardio training. However, this fitness machine can be used to boost your cardiovascular health. It's ideal for strengthening your muscles, including glutes, thighs, and calves. People find treadmills convenient to use both at gyms and at home, which adds to their popularity. Stationary bicycles are also expected to become more popular in the coming years, according to analysts.

REGIONAL ANALYSIS

North America currently has the highest market share in the commercial fitness equipment market.

However, the Asia-Pacific region is expected to grow rapidly. This is because people in the Asia-Pacific region now have more money to spend and their economies are growing quickly. But with this increased wealth, people are adopting sedentary lifestyles and eating more unhealthy fast food, leading to health problems like obesity, diabetes, and heart disease. As a result, more people are becoming aware of the importance of staying fit and going to gyms or fitness centers to work out. Additionally, developing countries in the region are becoming more urbanized, and the young population is increasing, which means more people will be interested in using fitness equipment to stay healthy.

KEY MARKET PLAYERS

The key players in the Commercial Fitness Equipment Market are Amer Sports Corporation, Brunswick Corporation, Core Health and Fitness, ICON Health & Fitness, Inc., Impulse (Qingdao) Health Tech Co. Ltd., Johnson Health Tech Co. Ltd, Nautilus, Inc., Technogym S.p.A., Torque Fitness, TRUE Fitness Technology, Inc.

RECENT HAPPENINGS IN THE MARKET

• In August 2022, ABC Fitness Solutions bought Glofox, a company that helps them expand their services to more fitness organizations worldwide. With this acquisition, they now serve over 31 million members in 116 countries.
• In April 2022, Core Health & Fitness LLC acquired Wexer Holding LLC, a digital health and fitness leader. This move helps Wexer grow its business by joining forces with Core Health & Fitness and encourages more digital adoption in health clubs around the world.
• In October 2021, iFIT teamed up with major marathons in Boston, Chicago, London, and New York City to offer interactive workouts to its subscribers all over the world.
• Also in October 2021, Matrix Fitness partnered with Myzone, a leading wearable technology company in the fitness industry. This collaboration allowed them to integrate heart rate devices with their fitness consoles and Virtual Training Cycle.

DETAILED SEGMENTATION OF THE GLOBAL COMMERCIAL FITNESS EQUIPMENT MARKET INCLUDED IN THIS REPORT

This research report on the global commercial fitness equipment market has been segmented and sub-segmented based on type, product, and region.

By Type

• Cardiovascular training equipment
• Strength training equipment
• Other Equipment

By Product

• Treadmills
• Elliptical Machines
• Exercise Cycles
• Rowing Machines
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa