Home Fitness Equipment Market Outlook
Home fitness equipment include several devices that are used for monitoring physical exercises in residential spaces. They are of various kinds, such as cardiovascular training machines, treadmills, ellipticals, air bikes, adjustable dumbbells, medicine balls, pull-up bars, mini resistance bands, punching bags, weight-lifting benches, foam rollers, etc., which stimulate the heart rate to gain muscular strength and burn excess body fat.
The global home fitness equipment market growth rate is expected to exhibit a CAGR of 2.9% during 2022-2027. Looking forward, IMARC Group expects the global home fitness equipment market to continue its robust growth during the forecast period (2022-2027).
Home fitness equipment aid in managing weight and improving stamina. These devices are extensively available in supermarkets, specialty stores, hypermarkets, online channels, etc., across the globe.
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Home Fitness Equipment Market Trends:
The escalating prevalence of chronic diseases and the rising health consciousness in individuals are among the primary factors driving the home fitness equipment market. Besides this, the growing popularity of training machines in residences, owing to the sedentary lifestyles and hectic schedules of working professionals, is further augmenting the market growth. Moreover, the introduction of advanced and user-friendly home fitness equipment integrated with the latest technologies is also catalyzing the global market. Apart from this, the launch of favorable policies by the government bodies to promote healthcare awareness among the masses is acting as another significant growth-inducing factor. Furthermore, the elevating need for these devices to manage several ailments, including diabetes, stroke, arthritis, and cardiovascular disorders, is expected to bolster the home fitness equipment market in the coming years.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined with some of the key players.
- adidas AG
- Amer Sports Corporation
- Brunswick Corporation
- Hoist Fitness Systems Inc.
- Icon Health & Fitness Inc.
- Johnson Health Tech. Co. Ltd.
- True Fitness Technology Inc.
- Vectra Fitness Inc.
Key Market Segmentation:
The report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
- Cardiovascular Training Equipment
- Air Bike
- Elliptical Machines
- Punching Bag
- Rowing Machine
- Strength Training Equipment
- Ab Wheel
- Adjustable Dumbbells
- Adjustable Kettlebell
- Medicine Ball
- Mini Resistance Bands
- Pull Up Bars
- Weight-Lifting Bench
- Foam Roller
- Weighted Jump Rope
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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