Fitness Equipment Market Size

Fitness Equipment Market size was over USD 16.14 billion in 2024 and is anticipated to reach USD 39.69 billion by the end of 2037, growing at around 7.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fitness equipment is assessed at USD 17.07 billion.

The growth of the market can be attributed to the increasing number of people getting more concerned about their health. Moreover, there are a large number of people suffering from diseases that are opting for fitness equipment in order to stay fit. Therefore, it is expected to surge the growth of the market in the upcoming years. Out of nearly 1160 Americans, around 62% consider their health more important after going through the COVID-19 pandemic.

In addition to these, factors that are believed to fuel the market growth of fitness equipment include the rising cases of chronic illness, such as cardiovascular issues, obesity, diabetes, and others. In addition, physical fitness is important to avoid the chronic disease. As the leading chronic disease, it is greatly influenced by health-harming behaviors, including cigarette use, physical inactivity, poor eating habits, and excessive alcohol consumption. Moreover, rising demand for fitness equipment is also expected to boost the market growth, and this need is rising constantly. Hence, it is projected to increase the growth of the global fitness equipment market. The market share for key brands such as MATRIX, Life Fitness, Precor, Star Trac, and Technogym, which together account for roughly 70% of the market of China.