Market Overview:
The global strength training equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for strength training equipment from individual users, health clubs and gyms, and commercial users. Additionally, the growing awareness about the benefits of strength training is also contributing to the growth of this market. On the basis of type, weights are expected to account for a major share of the global strength training equipment market in 2018. This can be attributed to their low cost and easy availability compared with other types of strength training equipment such as hydraulic equipment and functional trainers. Hydraulic equipment is expected to grow at a higher CAGR than other types during the forecast period owing its ability provide resistance that matches that offered by free weights.
Product Definition:
Strength training equipment includes machines, free weights, and elastic resistance bands. It is used to increase muscle mass, tone muscles, and improve bone density. Strength training equipment is important for overall health and fitness because it can help prevent injuries, improve posture, and boost metabolism.
Weights:
Weights are used in strength training equipment market to provide resistance for performing exercises. They can be used with free weights, machine weights or elastic bands. The most common types of weight lifting equipment include barbells and dumbbells along with various specialty weight lifting machines such as leg press, shoulder press, benchpress etc.
Hydraulic Equipment:
The hydraulic equipment is used to create resistance and it's main function is to provide an external force when a person performs an exercise. The strength training equipment market includes different types of machines, which are used in performing exercises for arms, legs, back and chest muscles.
Application Insights:
The commercial users segment dominated the global strength training equipment market in 2017, accounting for more than 70.0% share of the total revenue. The segment is expected to witness significant growth over the forecast period owing to an increase in gymnasiums and fitness centers across various regions coupled with a rise in demand for high-quality equipment by professional athletes and bodybuilders.
The health clubs and gyms application segment is also likely to register notable gains owing to an increase in spending on fitness facilities by companies as part of their corporate wellness programs. Furthermore, rising penetration of these facilities will encourage more individuals from middle-income groups who could not afford personal trainers before because of cost constraints, thereby driving demand further over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing awareness about physical fitness and presence of a large number of health clubs and gymnasiums. Moreover, high disposable income, growing popularity of sports such as basketball, football (soccer), baseball, and ice hockey among others are some other factors driving growth in this region.
Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to rising government initiatives for promoting strength training equipment usage along with increasing awareness about its benefits among individuals working out at home or commercial places such as hotels/spas/health centers. Furthermore, rise in spending capacity among middle-class population groups will boost demand over the forecast period.
Growth Factors:
- Increasing demand for fitness and health awareness among people
- Rising disposable income of the population
- Growing number of health clubs and gyms across the globe
- Proliferation of Crossfit and other strength training programs
- Technological advancements in strength training equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Strength Training Equipment Market Research Report
By Type
Weights, Hydraulic Equipment, Functional Trainers
By Application
Individual Users, Health Clubs and Gyms, Commercial Users
By Companies
Cybex International, ICON Health and Fitness, Precor, Technogym, BodyCraft, Body Solid, Jerai Fitness, Life Fitness, Powertec, Total Gym
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Strength Training Equipment Market Report Segments:
The global Strength Training Equipment market is segmented on the basis of:
Types
Weights, Hydraulic Equipment, Functional Trainers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual Users, Health Clubs and Gyms, Commercial Users
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cybex International
- ICON Health and Fitness
- Precor
- Technogym
- BodyCraft
- Body Solid
- Jerai Fitness
- Life Fitness
- Powertec
- Total Gym
Highlights of The Strength Training Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Weights
- Hydraulic Equipment
- Functional Trainers
- By Application:
- Individual Users
- Health Clubs and Gyms
- Commercial Users
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Strength Training Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Strength training equipment is any piece of equipment that can be used to help someone achieve a muscular or fitness goal. This could include weights, machines, and free weights.
Some of the major players in the strength training equipment market are Cybex International, ICON Health and Fitness, Precor, Technogym, BodyCraft, Body Solid, Jerai Fitness, Life Fitness, Powertec, Total Gym.
The strength training equipment market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Strength Training Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Strength Training Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Strength Training Equipment Market - Supply Chain
4.5. Global Strength Training Equipment Market Forecast
4.5.1. Strength Training Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Strength Training Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Strength Training Equipment Market Absolute $ Opportunity
5. Global Strength Training Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Strength Training Equipment Market Size and Volume Forecast by Type
5.3.1. Weights
5.3.2. Hydraulic Equipment
5.3.3. Functional Trainers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Strength Training Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Strength Training Equipment Market Size and Volume Forecast by Application
6.3.1. Individual Users
6.3.2. Health Clubs and Gyms
6.3.3. Commercial Users
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Strength Training Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Strength Training Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Strength Training Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Strength Training Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Strength Training Equipment Demand Share Forecast, 2019-2026
9. North America Strength Training Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Strength Training Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Strength Training Equipment Market Size and Volume Forecast by Application
9.4.1. Individual Users
9.4.2. Health Clubs and Gyms
9.4.3. Commercial Users
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Strength Training Equipment Market Size and Volume Forecast by Type
9.7.1. Weights
9.7.2. Hydraulic Equipment
9.7.3. Functional Trainers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Strength Training Equipment Demand Share Forecast, 2019-2026
10. Latin America Strength Training Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Strength Training Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Strength Training Equipment Market Size and Volume Forecast by Application
10.4.1. Individual Users
10.4.2. Health Clubs and Gyms
10.4.3. Commercial Users
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Strength Training Equipment Market Size and Volume Forecast by Type
10.7.1. Weights
10.7.2. Hydraulic Equipment
10.7.3. Functional Trainers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Strength Training Equipment Demand Share Forecast, 2019-2026
11. Europe Strength Training Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Strength Training Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Strength Training Equipment Market Size and Volume Forecast by Application
11.4.1. Individual Users
11.4.2. Health Clubs and Gyms
11.4.3. Commercial Users
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Strength Training Equipment Market Size and Volume Forecast by Type
11.7.1. Weights
11.7.2. Hydraulic Equipment
11.7.3. Functional Trainers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Strength Training Equipment Demand Share, 2019-2026
12. Asia Pacific Strength Training Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Strength Training Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Strength Training Equipment Market Size and Volume Forecast by Application
12.4.1. Individual Users
12.4.2. Health Clubs and Gyms
12.4.3. Commercial Users
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Strength Training Equipment Market Size and Volume Forecast by Type
12.7.1. Weights
12.7.2. Hydraulic Equipment
12.7.3. Functional Trainers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Strength Training Equipment Demand Share, 2019-2026
13. Middle East & Africa Strength Training Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Strength Training Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Strength Training Equipment Market Size and Volume Forecast by Application
13.4.1. Individual Users
13.4.2. Health Clubs and Gyms
13.4.3. Commercial Users
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Strength Training Equipment Market Size and Volume Forecast by Type
13.7.1. Weights
13.7.2. Hydraulic Equipment
13.7.3. Functional Trainers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Strength Training Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Strength Training Equipment Market: Market Share Analysis
14.2. Strength Training Equipment Distributors and Customers
14.3. Strength Training Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cybex International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ICON Health and Fitness
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Precor
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Technogym
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BodyCraft
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Body Solid
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jerai Fitness
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Life Fitness
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Powertec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Total Gym
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
