The global functional fitness equipment market is anticipated to grow at a CAGR of 8.5% during the forecast period (2023-2030). One of the key factors driving the market growth includes the increasing awareness of the fitness and wellness, which in turn increased the popularity of fitness trends. Government is also offering laws and programs to spread awareness towards health and fitness. According to the IHRSA, the Fitness Industry Council of Canada aggressively promoted in support of Bill C-2. Bill C-2 is a law which offers a range of benefits and programs to support workers and businesses facing more hardship as a fresh variant began to take hold. The law was passed in late 2021, and industry leaders hope it will assist in sparking the estimated 7% industry growth this year.

Furthermore, the key market players are entering into partnerships, collaborations, and expansion of the product portfolio is propelling the growth of the market. For instance, 

In September 2022, Nautilus, Inc., an innovation leader in home fitness, announced the launch of the Bowflex BXT8J treadmill with JRNY adaptive fitness app compatibility at select online and in-store retail partners providing customers with a complete fitness solution at an affordable price point. The Bowflex BXT8J treadmill offers high-performance cardio and the ability to pair the user’s device to the JRNY adaptive fitness app. 
In April 2021, Matrix, a brand of Johnson Health Tech Co., joined forces with iFIT, a global leader in interactive linked fitness technology and content. The goal of this collaboration is to integrate iFit's digital technology into Matrix's products.

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Market Coverage

The market number available for – 2023-2030
Base year- 2023
Forecast period- 2024-2030

Segment Covered- 

By Deployment Type 
By Organization Size

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Brunswick Corp., Johnson Health Tech. Co., Ltd., ACE Controls Inc., among others.

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Functional fitness equipment Market Report Segment

By Type 

Medballs
Bars and Plates
Flat Bench
Squat Rack
Kettlebells and Dumbbells
Others (Accessories, Rowing Machine)

By End-User

Flat Bench Clubs
Squat Rack/Individual
Hotels
Corporate Offices

Functional fitness equipment Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

BIBUS AG
Concept2, Inc.
Escape Fitness
Hampton Fitness
KYB Corp.
Modern Industries, Inc.,
Parker Hannifin Corp.
Pennar Industries Limited
Precor SA
Slam Proof Ltd.
Technogym USA Corp. 
Torque Fitness
Total Gym Global
Weforma Dämpfungstechnik GmbH
XFit Brands Inc. 
ZIMMER GROUP

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