Research Reports
Ice Hockey Equipment Market to Reach $1.84 billion by 2032, driven by growing popularity & government support
Published by Wanda Rich
Posted on April 25, 2025
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Published by Wanda Rich
Posted on April 25, 2025
Bourgeoning Home Workout Trends to Lift the Market Growth, States Fact.MR
According to Fact.MR, a market research and competitive intelligence provider, the global gym equipment market will be at US$ 7,698.4 million in 2022 and is expected to expand at an impressive CAGR of 4.8% during the forecast years of 2022-2032.
Since the COVID-19 outbreak shut down gyms all around the world, home fitness has played a new part in our lives. At-home virtual workout sessions are a new staple in personal fitness, even as gyms slowly start to welcome back members in different regions. Because of this, the market growth for gym equipment has been greatly boosted.
Long hours and a busy schedule are important factors in the growth of at-home fitness. The demand for flexibility and convenience in fitness among modern society's population will drive the rising sales of various gym equipment.
The market has grown as a result of the increased demand for digital fitness solutions and the growing integration of smart home gym equipment that is AI and IoT-enabled. Additionally, users of fitness applications and smart fitness equipment can enjoy a customised experience in the comfort of their own homes, which is boosting its demand globally.
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Furthermore, the market for gym equipment is being driven by elements including the expanding fitness culture, rising health consciousness due to obesity concerns, and fitness equipment's benefits. The market, however, is being held back by the expanding sales of fake goods and the increased expense of purchasing and maintaining such equipment.
Key Takeaways from the Market Study:
“Smart Home Gym Equipment Adoption is Expected to Reflect Attractive Near-term Opportunities for Market Players,” says a Fact.MR analyst.
Internet-connected Workout Equipment Driving Gym Equipment Market Growth
The global gym equipment market is witnessing significant expansion driven by advancements in the study of human anatomy. These insights have catalyzed technological innovations, resulting in groundbreaking fitness equipment designs. Integration of multiple components into compact units and the rising prominence of internet connectivity are transforming the industry. Companies like Peloton and Mirror are at the forefront, offering internet-connected workout solutions that enable access to training tutorials and expert opinions from the comfort of home, thus propelling market growth.
Rise in Gyms and Fitness Clubs Fueling Gym Equipment Market Expansion
The growing prevalence of obesity due to sedentary lifestyles and limited physical activity is encouraging individual purchases of gym equipment. Additionally, the increasing establishment of fitness clubs and gyms, supported by rising disposable incomes globally, is providing substantial momentum to the market. Social media platforms are amplifying this trend, with celebrities and fitness influencers promoting healthy lifestyles and setting fitness standards. This has inspired a wave of gym subscriptions and fitness memberships among youth, further driving demand for gym equipment and contributing to the robust growth of the market.
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Market Development
Due to technological advancements, competitors in the gym equipment market are concentrating on launching new products. The recent rise in the importance of health and fitness has created opportunities for manufacturers to gain profit.
The growing demand for smart fitness devices is causing businesses to expand year over year. In addition to this, offering cutting-edge features and gaining a competitive edge remain the key objectives of product releases.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global gym equipment market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of product type (cardiovascular machines, strength training equipment, plate loaded equipment, ground base equipment, standalone equipment, heavy duty elite racks, benches, Olympic bars and collars, dumbbells & kettlebells), distribution channel (speciality stores, online retail, sport stores, others), and buyer type (individual, institution, promotion),across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Explore More Related Studies Published by Fact.MR Research:
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