The latest report by IMARC Group, titled “Home Fitness Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” finds that the global home fitness equipment market is expected to exhibit a CAGR of 2.38% during 2024-2032. Home fitness equipment refers to various exercise machines and devices used to perform and monitor physical activities. Some of the commonly used equipment includes treadmills, cardio machines, punching bags, pull-up bars, yoga mats, dumbbells, squat racks, exercise balls, and ellipticals. It assists individuals in burning calories and excess body fat, stimulating the heart rate, enhancing stamina, and building muscle mass. It also aids in weight management, strength training, and muscular strength development. As a result, home fitness equipment has gained immense popularity among consumers due to its cost efficiency, versatility, convenience, and flexibility to perform stress-free and customized workouts in a comfortable environment.
Global Home Fitness Equipment Market Trends:
The rising health consciousness among the masses represents the primary factor driving the market growth. This can be attributed to the growing incidences of chronic diseases, such as obesity, cardiovascular disorders, arthritis, and diabetes, which have led to a significant shift toward healthier lifestyles. Additionally, due to hectic schedules, long working hours, and crowded fitness centers, individuals are increasingly inclining toward home workouts to eliminate recurring costs and the inconvenience of commuting to gyms daily. In line with this, several favorable initiatives undertaken by governing and non-governing agencies of numerous countries to spread awareness regarding the importance of health and fitness have escalated the product demand. Furthermore, various product innovations, such as the launch of technologically advanced, user-friendly home fitness equipment to offer enhanced experiences to individuals, have propelled the market growth. Besides this, the closure of gyms and fitness centers and surging consumer health concerns amid the sudden outbreak of coronavirus disease (COVID-19) have accelerated home fitness equipment sales. Other factors, including the widespread adoption of wearable devices that can be synchronized with fitness equipment, inflating consumer expenditure capacities, rapid urbanization, easy product availability via e-commerce platforms, and technological advancements, are also creating a positive market outlook.
- Based on the product type, the market has been segregated into cardiovascular training equipment (air bike, elliptical machines, punching bag, rowing machine, treadmill, and others), strength training equipment (ab wheel, adjustable dumbbells, adjustable kettlebell, medicine ball, mini resistance bands, pull up bars, weight-lifting bench, and others), and accessories (foam roller, weighted jump rope, and others). Amongst these, cardiovascular training equipment represents the largest market segment.
- The market has been classified based on the distribution channel into supermarkets and hypermarkets, specialty stores, online stores, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. At present, North America holds the leading position in the market.
- The competitive landscape of the market has also been analyzed, with some of the key players being Adidas AG, Brunswick Corporation, PureGym Limited, Hoist Fitness Systems Inc., iFIT Health & Fitness Inc., Johnson Health Tech. Co. Ltd., Technogym S.p.A., True Fitness Technology Inc., and Vectra Fitness Parts LLC.
|Base Year of the Analysis
||Product Type, Distribution Channel, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Adidas AG, Brunswick Corporation, PureGym Limited, Hoist Fitness Systems Inc., iFIT Health & Fitness Inc., Johnson Health Tech. Co. Ltd., Technogym S.p.A., True Fitness Technology Inc. and Vectra Fitness Parts LLC
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800