Fitness Equipment Market Regional Analysis:
North America Market Insights
North America region is poised to dominate around 39.8% market share by 2035. The growth of the market can be attributed mainly to an increasing number of people indulging in physical activities, followed by a rise in the number of gym memberships. For instance, according to the Health and Fitness Association in June 2022, health club memberships in the U.S. reached 66 million. This is subsequently increasing the demand for commercial fitness trackers as people are willing to change their lifestyles and are exponentially increasing their health awareness. Also, in Canada, every year, the 1st Saturday in June is known as “National Fitness Day”. The government in Canada published data in 2024 that 43.9% of children and 49.2% of adults meet physical activity recommendations in Canada. The government is emphasizing that people of all ages should make physical activity a part of their lives. These factors are propelling the growth of the market in the country in the coming decade.
Asia Pacific Market Insights
The demand for fitness trackers in the Asia Pacific is picking up pace due to the presence of a large consumer base and increasing disposable income of the people. People are adopting modern methods and integrating technology into their daily fitness regime. The fitness tracker market in China is showing remarkable potential due to rising urbanization and government initiatives for promoting the benefits of physical activity. Also, obesity in the country is rising at an alarming rate in the country. As stated by the National Institutes of Health in 2022, the percentage of obese and overweight people in China reached 50.7%. There is an increasing number of obese people opting for corporate wellness facilities and fitness trackers for themselves. Additionally, India is also registering the fastest growth through 2035, on account of rising interest of people in fitness activities. Various companies are coming up with state-of-the-art solutions to help people meet their fitness goals.
