Refurbished fitness equipment market seen reaching $1.9 billion by 2031

The global refurbished fitness equipment market was valued at $1.1 billion in 2021 and is projected to reach $1.9 billion by 2031, growing at a 5.7% CAGR. Rising health awareness, home-gym demand and expanding commercial use are expected to drive sales, while maintenance concerns remain a key drag. Why it matters: - The refurbished fitness equipment market is growing as consumers, gyms and smaller operators look for lower-cost ways to add equipment. - The market’s projected rise to $1.9 billion by 2031 signals steady demand for used equipment that has been repaired and resold. - Growth in home gyms and commercial fitness centers expands the customer base for refurbished machines. What happened: - The global refurbished fitness equipment market was valued at $1.1 billion in 2021. - The market is estimated to reach $1.9 billion by 2031. - The forecast implies a 5.7% compound annual growth rate from 2022 to 2031. - Cardio equipment held the largest share by type in 2021. - North America held the largest regional share in 2021, with more than two-fifths of global market value. - Residential use led the market in 2021 because consumers were building home gyms and fitness centers. The details: - Refurbished fitness equipment is old equipment repaired with replacement of key parts to restore a near-new appearance and functionality. - Refurbished equipment is often almost indistinguishable from new equipment except on close inspection. - The market is segmented by type, end user, distribution channel and region. - Type segments include cardio equipment, weight training equipment and others. - End users include residential and commercial buyers. - Distribution channels include offline and online sales. - Regional coverage includes North America, Europe, Asia-Pacific and LAMEA. - North America includes the U.S., Canada and Mexico. - Europe includes the UK, Germany, France, Italy, Spain, the Netherlands and the rest of Europe. - Asia-Pacific includes China, Japan, India, South Korea, Australia and the rest of Asia-Pacific. - LAMEA includes Latin America, the Middle East and Africa. - The report identified Best Used Gym Equipment, Brunswick Corporation, F1 Recreation Pte Ltd, FitKit UK Ltd, Fitness Superstore, Inc., Global Fitness, Inc., Grays Fitness, Gym Experts, Gymkit UK, Johnson Health Tech. Co., Ltd., Myhomefitness.ie, Fitline India Pvt. Ltd., Origin Fitness Ltd., Marangi Fitness Professionals, Inc., Pro Gym Supply, Inc., Rebirth Fitness, THINK Fitness Co., Ltd., Total Fitness Concept Sp. z o.o., UK Gym Equipment Ltd. and USA Fitness Equipment Depot as leading players. - Allied Market Research offered a sample report, purchase inquiry and limited-time discount links in the release. - The release also linked to related fitness equipment reports and the company’s social media accounts. Between the lines: - Demand is being supported by rising health and fitness awareness, obesity concerns and the opening of new gyms and fitness centers. - Greater adoption in commercial facilities could widen the market beyond residential buyers. - The growing number of smaller local refurbishers in developing countries points to a broader supply base. - Maintenance remains a barrier because refurbished equipment typically needs more upkeep than new machines. - Better refurbishing processes and lower maintenance needs could improve adoption. What’s next: - Commercial demand is expected to become a bigger growth driver as more businesses adopt refurbished equipment. - Improvements in refurbishing quality and maintenance performance could lift sales through 2031. - The market will likely continue to track broader consumer interest in health, fitness and home exercise.