Global Fitness Equipment and Indoor Sports Center Market Size, Share, and Trends Analysis Report, by Type (Indoor Sports, Fitness equipment, and Studio Classes), Forecast (2022-2028)

The global fitness equipment and indoor sports center market is anticipated to grow at a significant CAGR of 3.4% during the forecast period (2022-2028). The global fitness equipment and indoor sports center market is growing due to the increasing number of gyms and fitness institutes globally. According to the International Health, Racquet & Sportsclub Association 2020, more than 205,000 gyms are active globally. The increasing awareness to stay healthy and to stay fit among individuals is boosting the growth of the global fitness equipment and indoor sports center market.

The rising prevalence of obesity surges the need for various fitness equipment which is also boosting the market growth. According to the article published by the World Health Organization in June 2021, more than 1.9 billion adults aged 18 years and above were overweight globally. Of these over 650 million adults were obese. Additionally, the increasing inclination toward digital technology applications to keep a record of personal fitness routine plays a significant role in the market growth.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-

• In July 2021, Life Fitness announced the launch of the new Integrity SL, its connected LED console designed for the Integrity Series cardio portfolio. The Integrity SL’s upgraded technology takes workouts to the next level with NFC and ANT+ wireless connectivity. Exercisers can seamlessly track workouts by connecting wearables, including Apple Watch and heart rate monitors, and pair headphones via Bluetooth. The console’s open platform also allows for expanded connectivity with future devices and applications.
• In December 2020, Peloton Interactive, Inc. announced the launch of two new products for its smart home gym lineup, the Bike+ and the Tread along with a built-in four-speaker sound system, a one-tap contactless integration with Apple Gymkit that allows to sync workouts to the Apple Watch and an Auto-Follow resistance system that scales the resistance of the bike depending on the target metrics for heart rate and breathing.

Market Coverage

• The market number available for – 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- GOLD’S GYM, EOS Fitness, INTERNATIONAL COUNTRY CLUB, LA Fitness, 24 Hour Fitness USA, LLC., and Planet Fitness Franchising, LLC, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Fitness Equipment and Indoor Sports Center Market Report by Segment

By Type

• Indoor Sports
• Fitness equipment
• Studio Classes

Global Fitness Equipment and Indoor Sports Center Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa