Global Home Fitness Equipment Market Size, Forecasts, And Opportunities
Learn about the global home fitness equipment market through The Business Research Company, which provides information on home fitness equipment market size, home fitness equipment market drivers and restraints, home fitness equipment market players, the COVID-19 impact on the home fitness equipment market, and more.
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The global home fitness equipment market is expected to grow from $8.42 billion in 2020 to $9.9 billion in 2021 at a compound annual growth rate (CAGR) of 17.6%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and other commercial activities that paved way for increasing demand for fitness equipment for home-based workouts and improvement of online fitness content. The home fitness equipment market is expected to reach $8.34 billion in 2025 at a CAGR of -4%.
Precautionary healthcare coupled with increasing preference for customized workout regime are expected to drive innovation in home fitness equipment manufacturing, thus driving the market during the forecast period.
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The market for home fitness equipment consists of sales of fitness equipment used at home. Home fitness equipment includes devices and machines used for performing and monitoring physical exercises at home for management of weight, improving stamina, developing muscle strength, improving appearance and personality, burning excess fat, simulating heart rate, or treating and recovering from medical conditions and to maintain overall health and fitness. The market consists of revenue generated by the companies manufacturing home fitness equipment by the sales of these products.
Global home fitness equipment market segments include:
By Product: Treadmills, Elliptical Machines, Rowing Machines, Strength Training Equipment, Other
By Applications: Home, Small Gyms, Offices, Others
By Distribution Channel: Offline Retail Stores, Online Retail Stores, Direct Selling
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Virtual reality fitness equipment, accessories and apps are the emerging trends in the home fitness equipment market to get physical workouts, which can inspire and motivate to keep up fitness goals with fun games and real-life training scenarios. They not only inspire and motivate into working out and firming up the body but also saves thousands of dollars on cross trainers, treadmills and stationary bikes.
TBRC’s home fitness equipment market report covers:
Major Market Players: Cybex, Nautilus, Precor, Technogym, Fitnessathome, Fitness World, Johnson Health Tech, NordicTrack, ProForm, and True Fitness.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Home Fitness Equipment Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides home fitness equipment market overviews, analyzes and forecasts market size, share, home fitness equipment market players, home fitness equipment market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s home fitness equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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