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Home Fitness Equipment Market (Type - Cardiovascular Training Equipment, and Strength Training Equipment; Distribution Channel - Offline Retail Stores, and Online Retail Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : CGP00138

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on home fitness equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional home fitness equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional home fitness equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global home fitness equipment market. According to the report, the global home fitness equipment market is projected to reach a market size of USD 15 Billion by 2026 from USD 12 Billion in 2020 with a CAGR of 4.1% over the forecast period of 2020-2026.


home fitness equipment market

 

Market Insight

Exercising at home provides a convenient form of physical activity with the major advantage of maximizing time and effort. In addition, crowded fitness centers, and busy working hours have resulted in an increasing number of consumers actively inclining toward home workouts.  Nonetheless, conventional home gym fitness devices have several disadvantages such as the space required, and their cost. On the other hand, they are rarely used by most persons, mainly due to the lack of motivation and the need to quit the home routine.

 

During the lockdown, gyms and fitness studios were left with no other choice than to increase their digital presence. Therefore many individuals are not able to actively participate in their regular individual or group sporting or physical activities outside of their homes. Hence, many started offering virtual classes, allowing members to access services from the comfort of their own homes. Further, lockdown inspired people to improve their home gyms and invest in home fitness equipment. The exercise equipment company Peloton’s electric bikes and other fitness equipment tripled to $485.9 million in the quarter. Its subscriptions rose 113% to 1.09 million. Stay-at-home stocks like Peloton have benefited from increased demand during the COVID-19 pandemic as closed gyms and fitness clubs turned people towards streaming exercise services and homework-out equipment. The company benefited from a surge in subscribers and demand for its fitness products during the coronavirus pandemic. Modem urban population spends most of its time between professional activity and home. The increasing work schedules and the unavoidable household tasks lead to a surprisingly short period of effective free time. Exercising at home provides a convenient form of physical activity with the major advantage of maximizing time and effort.

 

Furthermore, State-of-the-art home fitness devices with the objective of performing physical exercise indoors have several advantages, such as allowing exercise in a regular fashion, at any time of the day or night, and providing a safe and adequate home exercise for all kinds of people. There is a wide range of commercially available equipment devoted to exercise all major muscle groups. Most widely appreciated are steppers, cycles, or elliptical trainers. Home fitness equipment designed for the home, and try to offer a wide variety of full range-of-motion exercise movement in a single group of devices. In addition, crowded fitness centers, and busy working hours have resulted in an increasing number of consumers actively inclining toward home workouts. However, the large space required and the high costs associated are many times inhibiting factors for their widespread. The lack of space characterizing the majority of urban buildings makes the ability to be moved and kept in a minimal space is the major requirements of current fitness equipment. Therefore small equipment is preferred in comparison to larger ones. However, in the latter case, this drawback is minimized by the ability to fold the equipment, which proves to be a good solution. Moreover, an increasing number of manufacturers are investing in launching apps that provide a platform for customers to select their personal trainers for either online classes or home visits, to meet their customized fitness requirements will provide a significant growth opportunity for the market.

 

North American holds the largest market share in the home fitness equipment market. Rising health awareness among consumers, with the growing adoption of exercises related to physical well-being, weight management, improving body stamina, and muscular strength is contributing to the growth of the market in this region. In addition, the growing obese population and increasing health concerns are driving the home fitness equipment market in the region.

 

Segment Covered

The report on global home fitness equipment market covers segments such as type, and distribution channel. On the basis of type, the sub-markets include cardiovascular training equipment, and strength training equipment. On the basis of distribution channel, the sub-markets include offline retail stores, and online retail stores.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Nautilus Inc, Johnson Health Tech. Co. Ltd, Icon Health & Fitness Inc, Core Health & Fitness, LLC, Technogym SpA, Fitness World AS, Fitness World AS, Anta International Limited, Rogue Fitness, Decathlon SA, and Dyaco International Inc.,.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of home fitness equipment market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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