Home Fitness Equipment Market Segmentation, Analysis, Future Plans and Forecast 2030

Home Fitness Equipment Market was valued at US$ 12.53 Bn. in 2023 and is estimated to reach a value of US$ 17.28 Bn. in 2030. The Global Home Fitness Equipment Market size is estimated to grow at a CAGR of 4.7% over the forecast period.

Home Fitness Equipment Market Overview

Any tool or appliance used during physical activity to improve the strength or conditioning effects of that exercise by offering either fixed or adjustable quantities of resistance, or to improve the experience or result of an exercise regimen, is referred to as home exercise equipment. A set of exercises that people perform at home to preserve strength and boost therapeutic results is called a home exercise equipment programme. The goal of home exercise equipment is to enable people to maximise their efforts without the need for teaching by making it practicable, practical, and accessible. Smart home gyms are versatile exercise apparatuses that may be customised for different types of activities. These at-home gyms and its virtual training alternatives can help people pursue their fitness goals, be it strength training, jogging, bicycling, rowing, yoga, or even Pilates.

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Home Fitness Equipment Market Dynamics

Factors of Growth:

The market growth factors for home fitness equipment are product expansion. As more and more individuals become aware of the potential health benefits, the product’s market expansion has accelerated. Customers have been drawn in by its capacity to improve a particular body area, increase energy and stamina, and let users move at their own pace. The demand for personalised exercise plans and the need for preventative healthcare have both contributed to the market’s expansion. People today tend to lead active lifestyles that include regular exercise, which can help them maintain a healthy weight and lower their chance of developing chronic illnesses.

Impact of COVID-19 on the Market for Home Fitness Equipment:

There are more people exercising in the comfort of their own homes as a result of the COVID-19 pandemic. Fitness centres and gyms have temporarily closed as a result of strict lockdown regulations enforced by government regulating authorities in several different countries. According to data from the Global Fitness Survey, during the pandemic, sales of home exercise equipment increased by 90% as of May 2020. When everyone is at home attempting to maintain their lifestyle, the market chooses that time, which affects many important participants. Companies have already introduced Bluetooth-enabled connected exercise equipment, which can be paired with a TV, tablet, or smartphone.

Home Fitness Equipment Market Segmentation

by Product Type

Cardiovascular Training Equipment

Treadmills

Stationary Cycles

Rowing Machines

Elliptical and Others

Free Weights

Power Racks

The home fitness equipment market is divided into categories based on product type, including treadmills, stationary bikes, rowing machines, ellipticals, and others, as well as free weights and power racks.

Strength training and cardiovascular training equipment are the two segments of the online and offline fitness equipment industry that cardiovascular holds the highest share of. The home fitness equipment market share that the cardiovascular training equipment segment generated in 2023 was the highest of these. This increase can be attributed to the equipment’s increased use, which helps people with heart disease, diabetes, and high blood pressure live healthier lives.

by Distribution Channel

Dealers

Online

Direct Distribution

Retail

Specialty Retailers

Gyms/Clubs

The Home Fitness Equipment Market is divided into dealers, online, direct distribution, retail, specialty retailers, and gyms/clubs based on the distribution channel.

Health clubs, other commercial users, and home consumers have a significant impact on the online fitness equipment market segment. The segment offers a variety of facilities, rebates, and other incentives that draw in customers. Attracted by online vendors, home users buy various fitness equipment online for personal use. Fitness equipment is purchased by health clubs, gyms, and fitness centres for business use; these establishments make up the majority of the buyers. Since fitness equipment is a necessary prerequisite for their primary company, they choose to purchase cutting-edge equipment for their clientele online.

by End-User

Households

Apartments

Gym in Apartments

by Price Point

Low

Mild

Luxury

Home Fitness Equipment Market Key Players

1.Icon Health & Fitness, Inc.

2. Johnson Health Tech Co. Ltd.

3. Amer Sports Corporation

4.Core Health & Fitness, LLC

5. Nautilus, Inc.

6. Technogym S.p.A

7.Hoist Fitness Systems

8. Fitness World AS

9.HAMMER SPORT AG

10. Rogue Fitness

11.Tonal Systems

12. PENT

13. ProForm

14. PELOTON

15.Nordic Track

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Table of content for the Home Fitness Equipment Market includes:

Part 01: Executive Summary

Part 02: Scope of the Home Fitness Equipment Market Report

Part 03: Global Home Fitness Equipment Market Landscape

Part 04: Global Home Fitness Equipment Market Sizing

Part 05: Global Home Fitness Equipment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Because of the continent’s growing health consciousness, the European market is expected to increase at an increasing rate throughout the course of the projection period. In Austria, Sweden, Germany, and France, the number of people using home gyms and exercise centres is rising quickly. Particularly during the COVID-19 pandemic, other European nations like Spain, Italy, and England have seen a rise in the demand for home exercise equipment. According to Europe Active, the total number of club members in Germany who are fit climbed by 12% to 62.2 million.

Key Questions answered in the Home Fitness Equipment Market Report are:

How has the Home Fitness Equipment market performed so far and how will it perform in the coming years?

What is the market segmentation of the global Home Fitness Equipment market?

What is the regional breakup of the global Home Fitness Equipment market?

What are the price trends of various feedstocks in the Home Fitness Equipment industry?

What is the structure of the Home Fitness Equipment industry and who are the key players?

What are the various unit operations involved in a Home Fitness Equipment processing plant?

What is the total size of land required for setting up a Home Fitness Equipment processing plant?

What is the layout of a Home Fitness Equipment processing plant?

What are the machinery requirements for setting up a Home Fitness Equipment processing plant?

What are the raw material requirements for setting up a Home Fitness Equipment processing plant?

What are the packaging requirements for setting up a Home Fitness Equipment processing plant?

What are the transportation requirements for setting up a Home Fitness Equipment processing plant?

What are the utility requirements for setting up a Home Fitness Equipment processing plant?

What are the human resource requirements for setting up a Home Fitness Equipment processing plant?

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Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029

Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends

Market Segmentation: A detailed analysis by Home Fitness Equipment

Landscape- Leading key players and other prominent key players.

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