Global Fitness Equipment Market Size to Reach $20.54 Billion at a CAGR of 5.1% by 2030
Vantage Market Research expects the Fitness Equipment Market to reach USD 20.54 Billion by 2030, exhibiting a growth rate (CAGR) of 5.1% during 2023-2030.
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The Global Fitness Equipment Market size reached USD 13.8 Billion in 2022. Vantage Market Research expects the market to reach USD 20.54 Billion by 2030, exhibiting a growth rate (CAGR) of 5.1% during 2023-2030.
Table of Contents
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Introduction |
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· The Evolving Fitness Landscape |
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· 2023: A Year of Innovation and Convenience |
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High-Tech Home Gyms Take Center Stage |
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· Smart Fitness Mirrors: Interactive Workouts from Your Living Room |
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· Tracking, Personalization, and Immersive Experiences |
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Wearables and Functional Training: Powering Your Every Move |
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· Beyond Basic Tracking: Advanced Features and Biometric Insights |
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· Functional Fitness on the Rise: Versatile Equipment for Daily-Life Movements |
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Going Green and Going Virtual: Emerging Trends in Fitness |
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· Eco-Friendly Choices: Sustainable Materials and Reduced Energy Consumption |
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· VR Fitness: Exercise in Another World |
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Cardio Reimagined: Gentle Impact, Maximum Results |
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· Low-Impact Machines: Effective Workouts for Your Joints |
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· Climbing and Beyond: Innovative Options for a Full-Body Challenge |
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Conclusion |
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· Embracing the Future of Fitness |
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· Staying Ahead of the Curve |
Fitness Equipment Trends for 2023: What's in and What's out
Introduction
The fitness industry has experienced exponential growth in recent years, driven by the increasing interest in leading healthier lifestyles. With the rapid advancements in technology and the availability of innovative Fitness Equipment, staying in shape has never been easier. In this blog, we will explore what's in and out regarding Fitness Equipment for the upcoming year. In 2023, home gyms will become more popular as people prioritize convenience and safety. High-tech equipment that offers virtual classes, tracking capabilities, and personalized workout plans will dominate the market. Smart fitness mirrors, such as the Peloton and Mirror, will continue to gain popularity, providing users with immersive workout experiences from the comfort of their homes. These mirrors offer live and on-demand classes and track metrics such as calories burned, heart rate, and progress over time.
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Top Companies in Global Fitness Equipment Market
- Peloton Interactive Inc. (U.S.)
- Icon Health & Fitness Inc. (U.S.)
- Nautilus Inc. (U.S.)
- True Fitness Technology Inc. (U.S.)
- Johnson Health Tech. Co. Ltd. (U.S.)
- Impulse Health Technology Co. Ltd. (China)
- Core Health & Fitness LLC (U.S.)
- Torque Fitness LLC (U.S.)
- Technogym S.P.A. (Italy)
Wearable Technology and Functional Training Equipment
The era of wearable fitness technology isn't going away anytime soon. Fitness enthusiasts will continue to rely on wearables such as fitness trackers, smartwatches, and heart rate monitors to track their workouts and overall health. However, in 2023, we can expect these devices to become even more sophisticated, offering advanced features like oxygen saturation monitoring, stress tracking, and recovery assessment. Furthermore, functional training, which emphasizes movements that mimic daily activities, continues to gain popularity. As a result, the demand for functional training equipment will surge in 2023. Compact and versatile equipment like kettlebells, resistance bands, and exercise balls will be a staple in every fitness enthusiast's arsenal. Additionally, multi-functional machines that cater to various exercises, such as cable systems and suspension trainers, will be highly sought after.
Eco-Friendly Equipment and Virtual Reality (VR) Training
With growing concerns related to climate change and sustainability, eco-friendly Fitness Equipment will take center stage in 2023. Manufacturers will invest in producing equipment made from recycled or sustainable materials. Additionally, fitness facilities will focus on reducing energy consumption by utilizing energy-efficient machines and integrating renewable energy sources, such as solar panels, to power their facilities. Moreover, virtual reality has made significant strides in various industries, and fitness is no exception. In 2023, we can expect virtual reality to revolutionize the way we exercise. VR Fitness Equipment, such as treadmills and bikes that offer immersive experiences will increase. Users will have the opportunity to explore virtual environments while working out, making their fitness routines more engaging and enjoyable.
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Innovative Cardio Equipment
Cardiovascular exercise remains a fundamental aspect of fitness routines. As technology advances, cardio equipment will keep up with the times. In 2023, we can predict the emergence of low-impact cardio machines that provide an effective workout while being gentle on joints. Examples include elliptical trainers, rowing machines, and climbing equipment like VersaClimbers, which simulate climbing motions for a full-body workout.
Conclusion
2023 is poised to be an exciting year for Fitness Equipment trends. The rise of high-tech home gym equipment, wearable technology, and functional training tools will dominate the market. Alongside these trends, eco-friendly options, virtual reality training, and innovative cardio equipment will reshape the fitness industry.
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