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The global home fitness equipment market reached a value of US$ 10 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.8% during 2021-2026. 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 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.
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.
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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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. and Vectra Fitness Inc.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
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Key Questions Answered in This Report:
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