Strength Training Equipment Market Size (2024 - 2029)

Strength Training Equipment Market Analysis

The Strength Training Equipment Market size is estimated at USD 13.40 billion in 2024, and is expected to reach USD 17.01 billion by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).

There is a growing awareness of and emphasis on the importance of regular physical activity and strength training for overall health, wellness, and longevity. Consumers are increasingly prioritizing fitness and investing in gym equipment to maintain a healthy lifestyle. Precautionary healthcare, coupled with an increasing preference for customized workout regimes (including workout timing) and comfortable home-friendly environments, is increasing the demand for strength training equipment as customers are eager to exercise daily to maintain lean and strong muscle health. Moreover, overweight and obese are associated with several chronic illnesses, such as diabetes, obesity, heart disease, and several forms of Joint issues. Consumers are realizing the significance of taking preventative measures, including engaging in regular physical activity, to lower their chances of getting specific illnesses. For example, according to the World Health Organization, in 2022, 2.5 billion adults (18 years and older) were overweight. Of these, 890 million were living with obesity, and 1 in 8 people in the world were living with obesity.

Additionally, growing government initiative programs related to health awareness is another factor propelling the market’s growth. These programs seek to protect and promote health by helping people lower the number of illnesses and fatalities linked to poor diet and inactivity at the local, national, and international levels, encouraging people to engage in fitness activities. For instance, in August 2023, the Government of the United Kingdom established a New Sports Strategy with former sports stars, health professionals, and fitness experts to help an additional 3.5 million adults and children get physically active by 2030. Thus, government initiatives all over the world toward a healthy and fit lifestyle can shape the market during the forecast period.

Strength Training Equipment Industry Segmentation

Strength training equipment refers to the equipment used for developing stronger, leaner, and healthier muscles. The market is segmented based on product type, ingredient type, distribution channel, and geography. Based on product type, the market is segmented into weight, racks and benches, exercise and medicine balls, other product types), Based on End-user the market is segmented into residential and commercial. Based on distribution channels, the market is segmented into offline retail stores and online retail stores. The study also captures the market across various economies, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.