During the forecast period, the Weight Training Market is likely to hold the global market at a moderate CAGR of approximately 3%. In 2022, the global market holds a forecasted revenue of approximately US$ 12.1 Billion, projected to cross approximately US$ 16.26 Billion by the end of 2032.
Weight training is commonly incorporated into daily routines to build muscle mass and enhance strength. It involves using weights or weight machines to target various muscle groups in the body. Lifting weights is crucial for improving physical strength and overall fitness.
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The driving forces behind the weight training market include heightened awareness about obesity and unhealthy lifestyles, the growing demand for gyms fueled by urbanization, and expanding advertising and promotional efforts for fitness programs. Globally, a significant portion of the population is grappling with obesity and diabetes, chronic conditions that profoundly impact daily life. Obesity poses risks of developing other diseases and may necessitate surgical interventions to address health complications. To mitigate these risks, individuals are increasingly turning to gyms and adopting regular exercise routines.
High cost and second hand sale of weight training equipment are restraining the market growth.
The primary constraints facing the weight training market include the high cost of equipment and setups, as well as the growing trend of reselling equipment rather than purchasing new ones.
Weight training equipment is typically constructed from materials such as steel, which can be costly. Dumbbells and weight plates, available in various forms and weights, require increased material as their weights vary, driving up manufacturing expenses. Dumbbells are typically sold in pairs, and weight plates are often offered in sets with multiple weights, further contributing to their expense. As a result, many individuals find it challenging to afford personal weight training equipment sets.
Key Players:
- Powertec
- IHF Holdings Inc. (ICON Health and Fitness Inc)
- Wellness Holding Srl (Technogym S.p.A)
- Brunswick Corporation (Cybex International Inc.)
- Amer Sports (Precor)
- American Barbell Gym Equipments
- Others
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Key Segments Profiled in the Weight Training Market
By Product:
- Free weights
- Stack Machines
- Cable and pulley machines
- Plate loaded machines
- Stack machines
By End User:
- Residential users
- Commercial users
By Price Range:
- Economic
- Mid-Range
- Premium
By Distribution Channel:
- Direct Sales
- Mono-Brand Stores
- Convenient Stores
- Specialty Stores
- Online Retail Store
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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