Home Fitness Equipment Market Outlook
Home fitness equipment represents numerous exercise machines used during workout sessions for performing and tracking physical activities. It comprises treadmills, yoga mats, dumbbells, cardio machines, punching bags, pull-up bars, squat racks, exercise balls, ellipticals, and several strength training equipment, such as free weight and plate-loaded machines. Home fitness equipment aids individuals in stimulating the heart rate, burn excess body fat, building muscle mass, enhancing stamina, maintaining cholesterol levels. Consequently, it is gaining traction among people, especially fitness enthusiasts, on account of its cost efficiency and convenience of working out in a comfortable environment.
The global home fitness equipment market is expected to exhibit a CAGR of 2.9% during 2022-2027. Looking forward, IMARC Group expects the global home fitness equipment market to continue its robust growth during the forecast period (2022-2027).
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Home Fitness Equipment Market Trends:
The growing prevalence of obesity and chronic lifestyle diseases and the increasing health consciousness among the masses across the globe are among the key factors stimulating the home fitness equipment market. Moreover, the elevating demand for the equipment, owing to the sedentary lifestyles and hectic schedules of working professionals, is acting as another significant growth-inducing factor. Besides this, the shifting consumer preferences towards home workouts to save recurring travel costs and time and minimize the inconvenience of commuting to the gym regularly are positively influencing the global market. Furthermore, the development of technologically advanced and user-friendly home fitness equipment is attracting a wider consumer base, which is also propelling the market growth. Apart from this, the rising penetration of network connectivity, the expanding e-commerce sector, and the growing reliance on online shopping platforms to grab exciting deals and avail free home delivery facilities are further fueling the global market. Additionally, the inflating urbanization levels and the increasing expenditure capacity of the people are anticipated to fuel the home fitness equipment market over the forecasted period.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined with some of the key players.
- adidas AG
- Amer Sports Corporation
- Brunswick Corporation
- PureGym
- Hoist Fitness Systems Inc.
- Icon Health & Fitness Inc.
- Johnson Health Tech. Co. Ltd.
- Technogym
- True Fitness Technology Inc.
- Vectra Fitness Inc.
Key Market Segmentation:
The report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
- Cardiovascular Training Equipment
- Air Bike
- Elliptical Machines
- Punching Bag
- Rowing Machine
- Treadmill
- Others
- Strength Training Equipment
- Ab Wheel
- Adjustable Dumbbells
- Adjustable Kettlebell
- Medicine Ball
- Mini Resistance Bands
- Pull Up Bars
- Weight-Lifting Bench
- Others
- Accessories
- Foam Roller
- Weighted Jump Rope
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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