Global Home Fitness Equipment Market, By Product Type (Treadmills, Elliptical Machines, Stationary Cycles, Rowing Machines, Strength Training Equipment and Other Product Types), Distribution Channel (Offline and Online), Training Type (Cardiovascular Training Equipment, Strength Training Equipment and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The home fitness equipment market is expected to be growing at a growth rate of 4.19% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of home fitness equipment market. This rise in home fitness equipment market value can be attributed to the various factors such as rising awareness about maintaining a healthy lifestyle, rising prevalence of chronic diseases and increasing personal disposable income.
Home fitness equipment refers to the equipment that is used for the purpose of fitness and fitness related activities in homes. A wide range of home fitness equipment is available through both online and offline modes of distribution. Home fitness equipment is designed for people irrespective of their sex and age. However, they must be used under proper caution.
Rising urbanization, modernization and adoption of healthy lifestyle is the root cause fostering the growth of home fitness equipment market. Ever-rising youth population, increased awareness about maintaining health and fitness and increasing personal disposable income are some other indirect home fitness equipment market growth determinants. Growth in the obese and overweight population will further propel growth in the home fitness equipment market value. Rising prevalence of cardiovascular diseases will also create lucrative growth opportunities in the long run. Overall growth and expansion of health and wellness industry will further carve the way for the growth of home fitness equipment market. The recent coronavirus outbreak has further boosted the demand for home fitness equipment.
On the flip side, high costs associated with the initial investment will pose a major challenge to the growth of home fitness equipment market in the long run. Rising adoption of alternative exercise regimes such as cycling will further derail the home fitness equipment market growth rate. Also, maintenance costs and low resale value will dampen the market growth rate.
This home fitness equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on home fitness equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Home Fitness Equipment Market Scope and Market Size
The home fitness equipment market is segmented on the basis of product type, distribution channel and training type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the home fitness equipment market is segmented into treadmills, elliptical machines, stationary cycles, rowing machines, strength training equipment and other product types.
- On the basis of distribution channel, the home fitness equipment market is segmented into offline and online. Offline segment is further to sub-segmented into supermarkets/ hypermarkets, specialty stores, convenient stores, retail stores and others.
- On the basis of training type, the home fitness equipment market is segmented into cardiovascular training equipment, strength training equipment and others.
Home Fitness Equipment Market Country Level Analysis
The home fitness equipment market is analysed and market size, volume information is provided by country, product type, distribution channel and training type as referenced above.
The countries covered in the home fitness equipment market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the home fitness equipment market and will continue to flourish its trend of dominance during the forecast period where USA and Canada will emerge as the major contributors. This is because of the growth of e-commerce sector in this region, presence of key players and high pace in advancement in technology. However, Asia-Pacific will register the highest compound annual growth rate (CAGR) for the forecast period. Rising personal disposable income, rapid globalization, modernization and adoption of a healthy lifestyle are some major market growth determinants for this region. Increasing health awareness among the population coupled with rising obese and overweight population will further create lucrative growth opportunities for the market in this region.
The country section of the home fitness equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Home Fitness Equipment Market Share Analysis
The home fitness equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home fitness equipment market.
The major players covered in the home fitness equipment market report are Nautilus, Inc., ICON Health & Fitness, Johnson Health Tech., Precor Incorporated., Technogym S.p.A., Cybex International, Inc., TRUE., adidas, Amer Sports, ASICS Asia Pte. Ltd., Brunswick Corporation., Pure Gym Limited, HOIST Fitness Systems, Vectra Fitness Parts LLC., Fitness World, Hammer Sport AG, Rogue Fitness., Core Health & Fitness, LLC, Seca GmbH and JERAI FITNESS PVT LTD. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.