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

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 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.

 

 
 

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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, 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
       

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • 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


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, S

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Key Questions Answered in This Report

We expect the global home fitness equipment market to exhibit a CAGR of 2.9% during 2022-2027.

The advent of technologically advanced and user-friendly home fitness equipment to offer enhanced experiences to individuals is primarily driving the global home fitness equipment market.

The sudden outbreak of the COVID-19 pandemic has led to the rising inclination towards online purchase of home fitness equipment among health-conscious consumers, owning to temporary closure of gyms and fitness centers under the implementation of stringent lockdown regulations.

Based on the product type, the global home fitness equipment market can be segregated into cardiovascular training equipment, strength training equipment, and accessories. Among these, cardiovascular training equipment holds the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global home fitness equipment market include 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.

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