Home Fitness Equipment Market Size, Share and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Home Fitness Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global home fitness equipment market grew at a CAGR of around 4% during 2014-2019. Home fitness equipment includes various devices that are used for monitoring physical exercises at home. These equipment aids in managing weight, improving stamina and developing muscular strength of the body. Some of the commonly used home fitness equipment includes cardiovascular training equipment, such as treadmills, ellipticals and stationary bikes, along with strength training equipment, such as free weight and plate loaded machines. These machines can stimulate the heart rate to burn excess body fat and gain muscular strength.

Home Fitness Equipment Market Report

The increasing prevalence of chronic lifestyle diseases, along with rising health consciousness among individuals across the globe, is one of the key factors driving the growth of the market. Owing to various factors, such as rapid urbanization, sedentary lifestyles and hectic schedules of working professionals, there is increasing adoption of fitness equipment that can be used in the comfort of the home for maintaining a healthy lifestyle. In confluence with this, growing preference for these equipment for managing various lifestyle diseases, such as arthritis, diabetes, stroke and cardiovascular disorders, is also providing a boost to the market growth. Furthermore, equipment manufacturers are also investing in research and development (R&D) activities to launch advanced and user-friendly devices for improving the overall consumer’s experience. Governments of both the developed and emerging nations are implementing various healthcare initiatives to promote fitness-related awareness among the masses, which is also contributing to the adoption of these equipment, especially by the youth. Other factors, including rising consumer expenditure capacities, the development of wearable devices that can be synchronized with the fitness equipment and the availability of efficient online retail channels, are projected to drive the market further. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years.

Breakup by Product Type:

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

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others

Breakup by Region:

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

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.

Key Questions Answered in This Report:

How has the global home fitness equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global home fitness equipment market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global home fitness equipment market and who are the key players?
What is the degree of competition in the industry?