Fitness Equipment Market Size and Share

Fitness Equipment Market (2025 - 2030)
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Fitness Equipment Market Analysis by Mordor Intelligence

The fitness equipment market size is expected to reach USD 36.37 billion in 2025 and is projected to grow to USD 47.78 billion by 2030, registering a CAGR of 5.61% during the forecast period. The increasing prevalence of global obesity, the rising economic burden of physical inactivity, and policy initiatives promoting preventive healthcare are fueling market demand. Manufacturers are leveraging the growing consumer preference for data-driven, personalized workout experiences by incorporating digital features into traditional fitness equipment designs. Additionally, health insurers and employers are increasingly subsidizing equipment purchases to mitigate long-term healthcare costs. In the Asia-Pacific region, rapid urbanization and rising disposable incomes are significantly contributing to first-time equipment purchases. Meanwhile, in Europe, the mature market infrastructure is driving demand for replacement cycles and technology upgrades in the fitness equipment market. The competitive landscape remains moderately intense, providing opportunities for niche brands to gain market share. Companies specializing in eco-friendly designs or connected hardware ecosystems are particularly well-positioned to capitalize on evolving consumer preferences and technological advancements in the fitness equipment market.

Key Report Takeaways

  •  By product type, treadmills led with 26.43% of fitness equipment market share in 2024, while strength training equipment is forecast to grow at 5.97% CAGR to 2030.
  •  By category, the conventional segment held 75.45% revenue share in 2024, and smart/connected devices are set to expand at a 6.33% CAGR through 2030.
  •  By end use, the commercial segment accounted for 77.55% of the fitness equipment market size in 2024, whereas the residential segment is advancing at 7.38% CAGR through 2030.
  •  By price range, the mass segment captured 68.46% share of the fitness equipment market size in 2024, and the premium segment is projected to climb 6.96% CAGR through 2030.
  •  By distribution channel, offline retail dominated with 92.44% of sales in 2024, and the online retail channel is growing at 7.23% CAGR through 2030.
  •  By geography, Europe commanded 39.42% revenue share in 2024, and Asia-Pacific is set to register the fastest 7.54% CAGR to 2030.

Segment Analysis

By Product Type: Treadmill Dominance and Strength Training Surge

In 2024, treadmills maintain a leading 26.43% market share, highlighting their broad appeal across various age groups and fitness levels. This dominance is attributed to their versatility, supporting activities such as walking, running, rehabilitation, fitness maintenance, and performance training. The equipment's ability to deliver controlled, measurable exercise experiences that can be easily tracked and adjusted appeals to goal-driven consumers who prioritize tangible fitness outcomes. Additionally, the established familiarity with treadmills reduces purchase hesitation among consumers. The Australian Government's focus on safety standards for exercise equipment, as seen in its exercise bike safety guide, underscores the importance of safety features in treadmill design. 

Strength training equipment is projected to be the fastest-growing segment, with a 5.97% CAGR forecasted for 2025-2030. This growth is driven by a significant consumer shift toward muscle-building and functional fitness, emphasizing resistance-based workouts. The increasing focus on strength training aligns with advancements in fitness science, which highlight its critical role in improving metabolic health, maintaining bone density, and preventing injuries, particularly among aging populations. The segment benefits from a wide variety of equipment, ranging from free weights to advanced resistance machines, enabling manufacturers to cater to diverse price points and spatial requirements in the fitness equipment market.

Fitness Equipment Market: Market Share by Product Type
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By Category: Conventional Stability and Smart Equipment Innovation

In 2024, conventional equipment commands a dominant 75.45% market share, underscoring its appeal to consumers prioritizing mechanical reliability, reduced maintenance, and cost-effectiveness. These attributes resonate with budget-conscious buyers and commercial entities that value durability over digital enhancements. The segment's robustness stems from its reliance on tried-and-true technology, ensuring consistent performance devoid of concerns like software updates, connectivity hiccups, or the looming threat of digital obsolescence—issues often associated with smart equipment in the fitness equipment market.

Smart and connected equipment is on a rapid ascent, projected to grow at a 6.33% CAGR from 2025 to 2030. This surge is fueled by a growing consumer appetite for tailored, data-centric fitness experiences that seamlessly weave into larger health and wellness frameworks. A testament to this segment's sophistication and its divergence from conventional counterparts is EGYM's 2025 rollout, showcasing AI-driven workout personalization and 3D movement analysis via cameras. The connected equipment realm is riding the wave of a broader movement towards health data amalgamation in the fitness equipment market.

By End Use: Commercial Foundation and Residential Revolution

In 2024, commercial end use dominates the market with a commanding 77.55% share, driven by substantial investments in fitness equipment by gyms, fitness centers, corporate wellness programs, and healthcare institutions. These entities demand equipment that offers durability, multi-user functionality, and professional-grade performance to meet the rigorous requirements of their operations. The segment's dominance is attributed to the high-volume and high-value nature of commercial purchases, where a single facility may procure dozens of equipment units, creating significant revenue opportunities for manufacturers. Commercial fitness equipment is designed with enhanced durability, extended warranties, and specialized service support, which justify its premium pricing and ensure reliable performance under intensive usage in the fitness equipment market.

The residential segment is experiencing rapid growth, with a projected CAGR of 7.38% from 2025 to 2030. This growth highlights a lasting shift in consumer behavior toward home-based fitness solutions in the fitness equipment market, driven by the need for convenience, privacy, and long-term cost savings compared to traditional gym memberships. Several factors contribute to this expansion, including the development of space-efficient equipment designs, advancements in technology integration, and the availability of home fitness content and services that now rival the experience offered by commercial gyms. 

By Distribution Channel: Offline Dominance and Digital Transformation

In 2024, offline channels command a dominant 92.44% market share, underscoring consumers' preference for hands-on product evaluations and consultations, especially for high-stakes purchases like complex equipment. This segment thrives on the tactile assessment of fitness equipment, where consumers prioritize comfort, functionality, and build quality, knowing these choices impact their long-term fitness journeys. Offline channels not only ensure immediate product availability but also offer professional installation and local service support, enhancing the purchase experience and alleviating perceived risks in the fitness equipment market.

Online channels, however, are on a rapid ascent, projected to grow at a 7.23% CAGR from 2025 to 2030. This surge is fueled by advancements in product visualization, in-depth customer reviews, and improved delivery and installation services, all aimed at overcoming traditional online shopping hurdles for sizable, intricate products. Manufacturers are increasingly adopting direct-to-consumer strategies, sidestepping retailer margins and gaining enhanced customer data and relationship management insights. The e-commerce boom is further bolstered by the trend of connected equipment, where digital integration resonates with tech-savvy consumers, making online purchases feel intuitive in the fitness equipment market.

Fitness Equipment Market: Market Share by Distribution Channel
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By Price Range: Mass Market Foundation and Premium Acceleration

In 2024, mass segment commands a dominant 68.46% share, catering to budget-conscious consumers and fundamental fitness needs. These cost-effective solutions prioritize essential functionality over advanced features or luxury materials. The segment's strength lies in its accessibility and widespread market appeal, targeting the largest demographic that desires reliable fitness equipment without the hurdles of premium pricing. By leveraging economies of scale in manufacturing, standardized component sourcing, and a streamlined feature set, mass market products manage to keep production costs low while upholding acceptable quality standards in the fitness equipment market.

Meanwhile, the premium equipment segment is on a faster trajectory, boasting a 6.96% CAGR for 2025-2030. This growth is fueled by affluent consumers who are drawn to advanced features, superior build quality, and unique experiences. These attributes not only justify the higher price points but also promise enhanced performance and durability. The premium segment stands out by integrating technological advancements, showcasing features like AI-driven personalization, sophisticated biometric monitoring, and engaging digital experiences that set them apart in the market. This shift in consumer behavior underscores a broader trend: fitness is evolving from a mere recreational activity to a vital lifestyle component. As a result, affluent consumers now prioritize quality and durability in their purchasing decisions in the fitness equipment market.

Geography Analysis

In 2024, Europe holds the largest market share at 39.42%, driven by its advanced fitness infrastructure, high disposable income levels, and robust healthcare systems that emphasize preventive care. Regulatory frameworks across the region actively promote physical activity as a public health priority, further strengthening the market. The region benefits from a well-established gym culture and government initiatives encouraging physical activity. A 2023 WHO/OECD report highlighted that increasing physical activity could save the EU nearly EUR 8 billion annually in healthcare costs, reinforcing policy support for fitness equipment adoption[3]Source: World Health Organization, "New WHO/OECD report: increasing physical activity could save the EU billions annually", www.who.int. Decades of fitness culture development have positioned Europe as a market leader, with countries like Germany, Italy, and France facing significant economic burdens due to insufficient physical activity. This creates both a lucrative market opportunity and a pressing policy focus to address these challenges within the fitness equipment industry.

Asia-Pacific is emerging as the fastest-growing region, with a projected CAGR of 7.54% for the 2025-2030 period. The region's growth is fueled by rapid urbanization, rising disposable incomes, increasing health consciousness, and government-led initiatives promoting physical activity. These factors are driving demand across markets with varying levels of development. A notable example of this growth trajectory is Johnson Health Tech's USD 100 million investment in a new factory in Vietnam, scheduled to begin construction in Q1 2025 and commence operations by 2026. This investment underscores the region's dual role as a manufacturing hub and a growing consumption center in the fitness equipment industry.

North America represents a mature market characterized by widespread home fitness adoption and a preference for premium equipment. High disposable incomes and extensive fitness infrastructure support this trend across the fitness equipment industry. The region pioneered the connected fitness segment, with companies like Peloton initially defining the category. However, market saturation and rising competition have introduced challenges for such players. In South America, urbanization and the expansion of the middle class are driving emerging market dynamics. Meanwhile, Africa and Western Asia exhibit significant growth potential, although infrastructure limitations and economic volatility remain key constraints. Globally, the obesity epidemic, affecting over 1 billion people as reported by the World Health Organization, drives universal demand for fitness solutions. However, market accessibility is shaped by factors such as purchasing power and the pace of infrastructure development.

Fitness Equipment Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The Fitness Equipment Market is moderately consolidated, characterized by a mix of global leaders and emerging regional players that shape a competitive landscape. Prominent players such as Technogym S.p.A., Johnson Health Tech Co. Ltd., Life Fitness LLC, Core Health & Fitness LLC, and Peloton Interactive Inc. maintain dominance in the commercial and connected equipment segments by driving innovation and forming strategic alliances.

Technology integration remains a critical differentiator in the market. Companies like EGYM are at the forefront, utilizing AI-powered workout customization and 3D camera movement analysis to deliver advanced solutions and gain a competitive edge. The fragmented nature of the market presents significant opportunities for specialized players to cater to specific user groups, geographic regions, or technology-driven niches in the fitness equipment industry.

The fitness equipment industry dynamics reveal a growing shift toward ecosystem-based approaches. Equipment manufacturers are increasingly diversifying into content creation, service offerings, and data analytics to establish recurring revenue streams and strengthen customer retention. Emerging disruptors are challenging traditional retail-dependent incumbents by adopting direct-to-consumer models and subscription-based services. In response, established players are leveraging strategic partnerships, such as Peloton's collaboration with Costco, to expand their reach and tap into new customer segments.

Fitness Equipment Industry Leaders

  1. Technogym S.p.A.

  2. Johnson Health Tech Co. Ltd.

  3. Life Fitness LLC

  4. Core Health & Fitness LLC

  5. Peloton Interactive Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Fitness Equipment Market
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Recent Industry Developments

  • June 2025: Peloton launched the Repowered resale marketplace for used bikes and treadmills, initially available in New York City, Boston, and Washington D.C., with nationwide expansion planned. According to the brand, the platform offers AI-assisted pricing, 70% seller revenue share, and reduced activation fees for buyers, addressing the 16% year-over-year growth in members purchasing used equipment.
  • April 2025: Interactive Strength Inc. signed a binding agreement to acquire Wattbike, a leading indoor performance training bike brand, in a deal expected to enhance growth in the United States, Germany, and the United Kingdom markets. According to the company, the acquisition is projected to close in Q2 2025 and be immediately accretive to financial results.
  • April 2025: Strongway Gym Supplies launched the Smith Machine Home Gym in the United Kingdom, offering an all-in-one strength training solution featuring a Smith machine barbell, dual cable pulley system with a 144kg weight stack, pull-up bar, adjustable dip station, and a wide array of attachments for comprehensive workouts. Designed for home use, this multi-functional rack supports exercises like squats, deadlifts, bench presses, and cable movements, enabling consistent strength progression and muscular endurance from the convenience of home, according to the brand.
  • January 2025: PitPat and DeerRun launched an innovative fitness equipment series, including rowing machines and multifunctional treadmills, designed for seamless integration with PitPat’s global online competition platform, enabling users to participate in interactive events and track real-time performance data from anywhere. According to the brand, the new product line, available in North America and Europe, emphasizes user experience, advanced connectivity, and anti-cheating technology, with over one million units sold and strong adoption in Europe, the United Kingdom, and Southeast Asia.

Table of Contents for Fitness Equipment Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising influence of healthy lifestyle
    • 4.2.2 Increasing prevalence of obesity and lifestyle diseases
    • 4.2.3 Technological advancements in equipments production
    • 4.2.4 Rising popularity of home fitness
    • 4.2.5 Hybrid and flexible fitness models
    • 4.2.6 Influence of social media and fitness influencers
  • 4.3 Market Restraints
    • 4.3.1 High cost of advanced fitness equipment
    • 4.3.2 Preference for outdoor activities
    • 4.3.3 Space constraints for home equipment
    • 4.3.4 Maintenance complexity and high after-sales costs
  • 4.4 Consumer Behaviour Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Degree of Competition

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Product Type
    • 5.1.1 Treadmills
    • 5.1.2 Eliptical Machines
    • 5.1.3 Stationary Cycles
    • 5.1.4 Rowing Machines
    • 5.1.5 Strength Training Equipment
    • 5.1.6 Other Product Types
  • 5.2 By Category
    • 5.2.1 Conventional
    • 5.2.2 Smart/Connected Equipment
  • 5.3 By End Use
    • 5.3.1 Residential
    • 5.3.2 Commercial
  • 5.4 By Price Range
    • 5.4.1 Mass
    • 5.4.2 Premium
  • 5.5 By Distribution Channel
    • 5.5.1 Offline Channel
    • 5.5.2 Online Channel
  • 5.6 By Geography
    • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
    • 5.6.1.4 Rest of North America
    • 5.6.2 Europe
    • 5.6.2.1 Germany
    • 5.6.2.2 United Kingdom
    • 5.6.2.3 Italy
    • 5.6.2.4 France
    • 5.6.2.5 Spain
    • 5.6.2.6 Netherlands
    • 5.6.2.7 Poland
    • 5.6.2.8 Belgium
    • 5.6.2.9 Sweden
    • 5.6.2.10 Rest of Europe
    • 5.6.3 Asia-Pacific
    • 5.6.3.1 China
    • 5.6.3.2 India
    • 5.6.3.3 Japan
    • 5.6.3.4 Australia
    • 5.6.3.5 Indonesia
    • 5.6.3.6 South Korea
    • 5.6.3.7 Thailand
    • 5.6.3.8 Singapore
    • 5.6.3.9 Rest of Asia-Pacific
    • 5.6.4 South America
    • 5.6.4.1 Brazil
    • 5.6.4.2 Argentina
    • 5.6.4.3 Colombia
    • 5.6.4.4 Chile
    • 5.6.4.5 Peru
    • 5.6.4.6 Rest of South America
    • 5.6.5 Middle East and Africa
    • 5.6.5.1 South Africa
    • 5.6.5.2 Saudi Arabia
    • 5.6.5.3 United Arab Emirates
    • 5.6.5.4 Nigeria
    • 5.6.5.5 Egypt
    • 5.6.5.6 Morocco
    • 5.6.5.7 Turkey
    • 5.6.5.8 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global-level Overview, Market-level Overview, Core Segments, Financials (if available), Strategic Info, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Technogym S.p.A.
    • 6.4.2 Johnson Health Tech Co. Ltd.
    • 6.4.3 Life Fitness LLC
    • 6.4.4 Core Health & Fitness LLC
    • 6.4.5 Peloton Interactive Inc.
    • 6.4.6 Icon Health & Fitness, Inc.
    • 6.4.7 Dyaco International Inc.
    • 6.4.8 Hoist Fitness Systems, Inc.
    • 6.4.9 True Fitness Technology Inc.
    • 6.4.10 Woodway USA, Inc.
    • 6.4.11 Coulter Ventures, LLC (dba Rogue Fitness)
    • 6.4.12 Torque Fitness LLC
    • 6.4.13 Echelon Fitness Multimedia LLC
    • 6.4.14 Tonal Systems Inc.
    • 6.4.15 Hydrow Inc.
    • 6.4.16 Concept2 Inc.
    • 6.4.17 JERAI Fitness Pvt. Ltd.
    • 6.4.18 Body-Solid, Inc.
    • 6.4.19 Powermax Fitness (I) Pvt. Ltd.
    • 6.4.20 VINEX Enterprises Pvt. Ltd.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Fitness Equipment Market Report Scope

Fitness equipment is used during physical activity to enhance the strength of the body while exercising. The equipment is designed so that it can be controlled manually according to the requirements and strength of the user. 

The fitness equipment market is segmented by product type, category, distribution channel, and geography. By product type, the market is segmented into treadmills, elliptical machines, stationary cycles, rowing machines, strength training equipment, and other product types. By category, the market is segmented into residential and commercial. By distribution channel, the market is segmented into offline and online retail stores. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. 

For each segment, the market sizing and forecast have been done on the basis of value (in USD).

By Product Type
Treadmills
Eliptical Machines
Stationary Cycles
Rowing Machines
Strength Training Equipment
Other Product Types
By Category
Conventional
Smart/Connected Equipment
By End Use
Residential
Commercial
By Price Range
Mass
Premium
By Distribution Channel
Offline Channel
Online Channel
By Geography
North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
By Product Type Treadmills
Eliptical Machines
Stationary Cycles
Rowing Machines
Strength Training Equipment
Other Product Types
By Category Conventional
Smart/Connected Equipment
By End Use Residential
Commercial
By Price Range Mass
Premium
By Distribution Channel Offline Channel
Online Channel
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current value of the fitness equipment market?

The fitness equipment market size stands at USD 36.37 billion in 2025 and is expected to reach USD 47.78 billion by 2030.

Which region leads the global fitness equipment market?

Europe holds the leading 39.42% share, supported by well-established gym networks and preventive-health policies.

Which product category is growing the fastest?

Strength-training equipment is forecast to expand at a 5.97% CAGR between 2025 and 2030.

How quickly is the residential segment growing?

Home installations are advancing at 7.38% CAGR as consumers embed permanent workout spaces in their living environments.

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