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.
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.
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.
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.,.
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.
Please Choose One of them.