Insights Into The Home Fitness Equipment Market’s Growth Opportunities Through 2023-2032 – Includes Home Fitness Equipment Market Growth
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Precautionary healthcare coupled with an increasing preference for customized workout regimes are expected to drive innovation in home fitness equipment manufacturing, thus driving the market during the forecast period.
The global home fitness equipment market is expected to grow from $15.13 billion in 2022 to $16.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The global home fitness equipment market size is expected to grow to $24.28 billion in 2027 at a CAGR of 10.1%.
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Global Home Fitness Equipment Market Segments Include:
- By Product: Treadmills, Elliptical Machines, Rowing Machines, Strength Training Equipment, Other Products
- By Applications: Home, Small Gyms, Offices, Other Applications
- 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. Among these regions, Asia Pacific is the largest region in the global home fitness equipment market in 2021.
Major Market Players in the home fitness equipment market include Cybex, Nautilus, Precor, Technogym, Fitnessathome, Fitness World, Johnson Health Tech, NordicTrack, ProForm.
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. For instance, the VR Fitness Company is creating the world’s first reality gym experience by providing virtual reality fitness machines that are built to give a safe and fun aerobic session for all fitness levels and making exercise a lot more fun and exciting. Virtual reality accessories are also available in the market which is connected to fitness equipment over Bluetooth and are compatible with the fitness equipment.
The Home Fitness Equipment Global Market Report 2023 provides a home fitness equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The home fitness equipment market forecast analyzes home fitness equipment market size, home fitness equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Home fitness equipment refers to any equipment or tool used during physical activity at home to improve the experience or results of a workout regimen by adding fixed or adjustable quantities of resistance or to otherwise improve the strength or conditioning effects of that exercise.
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