Home Fitness Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Home Fitness Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2142
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Market Overview:

The global home fitness equipment market is expected to exhibit a CAGR of 2.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Home fitness equipment is used during workout sessions for performing and tracking physical activities at home. It includes treadmills, yoga mats, dumbbells, cardio machines, punching bags, pull-up bars, squat racks, exercise balls, ellipticals, and various strength training equipment, like free weight and plate-loaded machines. It assists individuals in managing weight, increasing stamina, and developing the muscular strength of the body. It also helps stimulate the heart rate to burn excess body fat, build muscle mass, and maintain cholesterol levels. At present, home fitness equipment is gaining traction among individuals, especially the fitness enthusiasts, on account of its cost efficiency and convenience to work out in a comfortable environment.

 

 
 

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Global Home fitness equipment Market Trends:

The rising prevalence of obesity and chronic lifestyle diseases and the consequently growing health consciousness among individuals across the globe represent one of the key factors positively influencing the market. In addition, sedentary lifestyles and hectic schedules of working professionals are catalyzing the demand for home fitness equipment across the globe. Apart from this, shifting consumer preferences towards home workouts to save recurring travel costs and time and minimize the inconvenience of commuting to the gym daily. Furthermore, the development of technologically advanced and user-friendly home fitness equipment is attracting a wider consumer base and offering lucrative growth opportunities to market players. Additionally, the rising penetration of network connectivity and the burgeoning e-commerce industry, coupled with the increasing reliance on online shopping platforms to grab exciting deals and avail free home delivery facilities are strengthening the market growth. Moreover, rapid urbanization and the increasing expenditure capacity of consumers are other factors increasing the sales of home fitness equipment.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global home fitness equipment market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

 

 
 

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  • Cardiovascular Training Equipment
    • Air Bike
    • Elliptical Machines
    • Punching Bag
    • Rowing Machine
    • Treadmill
    • Others
  • Strength Training Equipment
    • Ab Wheel
    • Adjustable Dumbbells
    • Adjustable Kettlebell
    • Medicine Ball
    • Mini Resistance Bands
    • Pull Up Bars
    • Weight-Lifting Bench
    • Others
  • Accessories
    • Foam Roller
    • Weighted Jump Rope
    • Others
       

Cardiovascular training equipment is the most commonly used product types of home fitness equipment as it helps in improving the health of individuals with high blood pressure, diabetes, and heart diseases.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others
     

Based on the distribution channel, the market has been segmented into supermarkets and hypermarkets, specialty stores, online stores, and others.

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

North America exhibits a clear dominance in the market due to the rising obese population, increasing prevalence of lifestyle diseases, and the consequently growing health concerns among individuals in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being adidas AG, Amer Sports Corporation, Brunswick Corporation, PureGym, Hoist Fitness Systems Inc., Icon Health & Fitness Inc., Johnson Health Tech. Co. Ltd., Technogym, True Fitness Technology Inc., Vectra Fitness Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered adidas AG, Amer Sports Corporation, Brunswick Corporation, PureGym, Hoist Fitness Systems Inc., Icon Health & Fitness Inc., Johnson Health Tech. Co. Ltd., Technogym, True Fitness Technology Inc., Vectra Fitness Inc.
Customization Scope 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 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Home Fitness Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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