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Base Year: 2024
Companies covered: 15
Tables & Figures: 397
Countries covered: 18
Pages: 230
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Gym Equipment Market
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Gym Equipment Market Size
The global gym equipment market was valued at USD 11.2 billion in 2024 and is estimated to grow at a CAGR of 4.8% during the forecast period.
The increased demand for gym equipment market is due to the higher number of people practicing fitness activities and religiously investing in gym. This was made a possibility as gym enthusiasts indulged in entrepreneurship hence opening up gyms to be able to engage in a mix of fitness. An engagement mix, leads to a change in fitness attitude among people which prompts them to buy gym equipment. Furthermore. Many gym enthusiasts now make it a point to manage their weight and prevent chronic illnesses through active and healthy lifestyles.
The situation almost flipped overnight once the nutritional value for fitness was considered in shops and services. On the other hand, many advancements have been made in technology, leading to improvements in user interfaces, such as smart gym devices equipped with apps and real-time monitoring. Such innovations help in setting workout goals and following the flow of changes over time.
Real time performance trackers alongside app connectivity has built an appeal for high-tech gym machines when blended with virtual fitness classes. The overwhelming shift towards a more high-tech solution for at home fitness has drastically influenced the gym equipment market. Such a precocious trend has driven the market further as people are seeking for more compact multifunctional gym equipment. In tandem with at home fitness, there has been a noticeable shift in the fitness equipment industry, as more and more changes in consumer preferences are evolving.
Gym Equipment Market Trends
The equipment market of the gym is undergoing a set of substantial changes and technological advancements which are likely to have a major impact on its future. Increasingly, fitness equipment is being fitted with smart technologies able to provide internet connectivity, performance tracking and app integration. Such equipment encompasses virtual coaching, personalized workouts, robust data analytics to optimize routines, and so forth. In addition, the adjustable dumbbells, multi functional machines, and compact home gym systems target consumers with space but needing highly effective workout devices.
In addition, there is a growing interest in sustainability within the industry, with some brands developing goods out of green materials and creating designs that consume less energy. Companies are working on offering solutions that address the environmental concerns of potential buyers. Virtual gyms and live sports workouts impact the demand for gym equipment. A good number of people have already switched to online-provided fitness training, thus increasing the demand for compatible gym equipment and creating new opportunities in the market.
Gym Equipment Market Analysis
The gym equipment industry is classified according to the kind of product into cardio equipment, strength training equipment, functional training equipment, flexibility and balance equipment etc. Unlike other segments, the cardio equipment segment experienced substantial expansion from 2025 and is leading in the generation of over USD 3.61 billion in revenue in 2024, with expectations of reaching USD 5.98 billion by 2034.
It is important to note that these devices enhance one’s cardiovascular health, assist in controlling one’s body weight, and improve endurance levels. There are some widely known devices: For example, stationary bikes, rowing machines, treadmills, and ellipticals allow people to perform aerobic activities which boosts their ability to burn calories as well as their overall stamina. Strength training equipment, for instance, is mainly used to strengthen muscles’ mass and enlarge their capacity. This type encompasses free weights, for example, dumbbells and barbells, resistance machines, weight stacks, and some functional items including kettlebells. These allow a person to perform isolation exercises in order to build muscle mass and define muscle outlines.
In addition, functional training apparatus places an emphasis on exercising the most relevant everyday physical movements. Such tools as medicine balls, battle ropes, resistance bands, and suspension trainers tend to target various muscle groups and augment balance, coordination and agility hence, leading to the improvement of body function. For devices pertaining to flexibility and balance they include aids that help to enhance movement while lowering injury risks. Yoga mats, foam rollers, balance boards and stretching straps are often employed to enhance one’s flexibility, body, or even core stabilization in support of good health.
The gym equipment market structure is made up of online and offline market segments in regards to the distribution model. In 2024 while claiming 57.4% of market share the Offline segment was the leading market and the revenue for 2034 is expected to be around USD 9.65 billion.
The online channels also have an important part to play, in forms of e-commerce sites such as Amazon and Walmart as well as niche sites selling fitness gear, all offering consumers a wide selection of gym equipment. These enables the user to shop, compare and buy goods especially in the comfort of their homes with the added advantage of informative customer ratings and unique prices. Third-party websites and company websites also function as sales channels which enable the producers to reach out directly to the end users with the provision of special deals, tailored services, and all the relevant information.
Unsurprisingly, offline shopping channels for, say, gyms equipment don’t rule out the true potential. For instance, supermarkets and hypermarkets sell entry-level fitness equipment mainly to impulse buyers. Multi-brand and sport stores are able to store a wider range of gym brands, and hence, a wider variety of gym equipment where customers can freely select brands according to their preferences.
Specialty stores and fitness chain stores tend to limit their offering to a certain category of fitness products and price range, and normally provide in-depth information about their products, hands-on training, and tools designed for serious fitness enthusiasts. Those offline tools help customers feel the products and try them out before they buy. As such, this greatly complements the online approach because this combination means that the market is able to meet the needs of a wide variety of consumers.
In terms of the country, the U.S. dominates overall North America gym equipment market and valued at USD 1.9 billion in 2024 and is estimated to grow at a CAGR of over 5% from 2025 to 2034.
To put it simply, the US market is expanding, and there is a rising worry for health among the population. More and more us citizens are starting to understand the health advantages of getting fit and working out and the aesthetics are just a plus. Because of this, the psychology around towards having gym equipment around people looking to get fit and improve on their overall health is now common.
In addition to this, lovely gym equipment also plays great role in the trends such as functional training, group workouts, and U.S. wellness programs. There is now a trend towards total fitness that includes physical and mental exercises, such as yoga and meditation. Hence, there is a growing need for all-in-one fitness equipment that meets various fitness needs such as strength, mobility, and rehabilitation.
North America: It is expected that the growth of North America gym equipment market will be approximately 4.9% in the period extending from 2024 to 2030. There are several factors that were worked on increasing this growth, such as, investing in expanding retail footprint, fresh product development, product differentiation and acquisitions to grab a higher market share. Among the three entire continents, North America is predicted to account for over 31.9% share in the global market.
What is of notice is the fact that the North America market is fragmented and countries such as Canada, Mexico as well as the USA are expanding at a rapid pace and at a steady rate correspondingly. Such sort of drastic change in the North America gym equipment industry can be accounted to along-time working relationship with different stakeholders. Quebec province showcases a robust cricket growth while Raptor and Rockos specialize in training over the screen via clothing. Due to the extreme weather conditions there, the demand for baseball bats, rackets and swimming gear has drastically increased.
Asia Pacific: The gym equipment market in Asia Pacific (APAC) region is booming with the combination of health trends, rising income levels and fitness facilities expansion aiding the growth. Cities like China, India, Japan and South Korea are becoming more fitness oriented, especially among the urban populations. The middle class in emerging markets like India and South East Asia, which have grown in terms of income per capita, are collectively facilitating the transition towards a health and fitness focused ecosystem.
There is a strong potential for commercial and home fitness equipment in China, with an increasing number of gyms and fitness centres being established across the major cities. Furthermore, China’s young population’s tech-savviness enables the interconnected fitness equipment market to expand as well. Japanese and South Korean consumers-desire a more customized working out experience, and more advanced technology like AI integrated health tools are becoming more well liked.
Europe - The gym equipment market in Europe is on the rise and is projected to grab 25.6% market share in 2024 with a CAGR of 4.8%. Studies show that there is a rise in ‘health awareness’, ‘fitness trends’ and ‘technological innovation’ which will further propel the European market. The UK, Germany, Netherlands and France have put in excessive investments on a range of fitness solutions from home-based to commercial ones. There has been more focus on in-home fitness to reduce the emphasis on attending gyms, this trend increased during the pandemic as well. Also, the home gyms are changing as consumers desire resistance-based systems and compact multifunctional machines which don’t require too much space and use urban space efficiently.
In Southern Europe gym equipment market, especially Italy and Spain, outdoor fitness equipment is becoming increasingly popular, with a rising inclination towards outdoor gyms and fitness parks. The cultural preferences of this region for the outdoor, in conjunction with its warm weather, contributes to this trend. At the other end in Northern Europe, countries such as Sweden and Denmark are adopting greener consumer habits and sustainable gym equipment. The wider social context is that given a sense of social responsibility to the environment. The production of equipment with the use of recycled materials, as well as energy-efficient machines, are gradually gaining popularity.
Gym Equipment Market Share
The most notable players in the space, such as Life Fitness, Precor, Technogym, Matrix Fitness, Fitness factory, managed to secure a market share of 10%-15% strength by the year 2024. These corporations are currently engaged in a multitude of mergers, acquisitions, facility expansions as well as collaborations in an effort to build their product options, reach further into the world and cement their presence within the market.
Market giants in gym equipment place high importance on product development and modification in order for them to be able to cater to a wide array of needs from the industry. Businesses in the gym Equipment market are on the cutting edge of technology as they adopt artificial intelligence generated exercises, virtual training sessions, and real-time tracking for their products and services. Significant enterprises have adapted to homestyle gym tools, commercially used devices, and outdoor gym products to suit the home exercise craze whilst also catering towards the fitness and training industry. New global locations, such as the Asia-Pacific and Latin American regions are hot commodities at the moment which is why international business enterprises are consolidating their regions and expanding their networks for distributions.
Gym Equipment Market Companies
Major players operating in the gym equipment industry are:
Gym Equipment Industry News
The gym equipment market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and Volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Product Type
Market, By Type
Market, By Category
Market, By Price
Market, By Application
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: