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PUBLISHER: SkyQuest | PRODUCT CODE: 1270690

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PUBLISHER: SkyQuest | PRODUCT CODE: 1270690

Global Home Fitness Equipment Market Size, Share, Growth Analysis, By Type(Cardiovascular Training Equipment, Strength Training Equipment), By Sales Channel(Online, Offline) - Industry Forecast 2022-2028

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Global Home Fitness Equipment Market size was valued at USD 11.3 billion in 2021 and is poised to grow from USD 11.8 billion in 2022 to USD 17.3 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).

The global home fitness equipment market is expected to experience significant growth in the coming years due to increasing health awareness among consumers and the convenience of working out at home. Factors such as rising obesity rates, increasing disposable incomes, and advancements in technology are also driving demand for home fitness equipment. Some of the popular home fitness equipment include treadmills, ellipticals, strength training equipment, and stationary bikes. The market is highly competitive, with major players competing on the basis of product features, quality, and pricing.

Top-down and bottom-up approaches were used to estimate and validate the size of Home Fitness Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

The Global Home Fitness Equipment Market is segmented based on the Type, Sales Channel and region. Based on the Type, the Global Home Fitness Equipment Market is segmented as Cardiovascular Training Equipment and Strength Training Equipment. Based on the Sales Channel, the Global Home Fitness Equipment Market is segmented as Online and Offline. Based on Region Home Fitness Equipment Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The market is experiencing growth due to a rising preference for digital technology. Fitness apps on smart devices are becoming increasingly popular for improving and maintaining personal fitness routines, leading to significant market expansion. In fact, according to the World Economic Forum's data released in September 2020, the usage of fitness applications saw a 50% increase in the first half of that year. Moreover, the demand for these apps has surged as online fitness classes gain popularity. For instance, the Jawaharlal Nehru University in New Delhi, India, began providing online exercise classes to their students in April 2020 to promote their overall health and well-being, according to a report from the New Indian Express.

Restrain

The growth of the market is hindered by the high cost of some exercise equipment, which makes it difficult for middle- and low-class consumers in developing and underdeveloped countries to afford them. One example of such expensive equipment is the Life Fitness F1 Smart Folding Treadmill, which is priced at US$3,499, as reported by Fitness Superstore. Furthermore, the increasing number of commercial gyms worldwide has led to a decrease in the demand for home training equipment, further impeding market expansion. This trend is exemplified by the United States, which boasts over 39,570 gyms with over 6 billion visits according to data from the International Health, Racquet & Sportsclub Association in 2018.

Trends

In today's modern society, individuals are modifying their daily habits by incorporating sports into their routine. However, with busy schedules, long work hours, crowded fitness centers, and parking challenges, a growing number of consumers are shifting towards exercising at home. By using fitness equipment at home, individuals can avoid the inconvenience of commuting to a gym and save money in the long run. The emergence of applications that offer clients the ability to select their own personal trainers for either online sessions or in-person visits has been a significant breakthrough in this industry, providing customized fitness solutions such as bodybuilding to meet specific needs.

Product Code: SQSG25Y2001

Table of Contents

Executive Summary

  • Market Overview
  • Wheel of Fortune
  • Research Methodology
  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Parent Market Analysis

  • Market Overview
  • Market Size
  • Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Key Market Insights
  • Technology Analysis
  • Pricing Analysis
  • Supply Chain Analysis
  • Value Chain Analysis
  • Ecosystem of the Market
  • IP Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis
  • Innovation Matrix
  • Pipeline Product Analysis
  • Macroeconomic Indicators
  • Top Investment Analysis
  • Key Success Factor
  • Degree of Competition
  • Market Dynamics & Outlook
  • Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Regulatory Landscape
  • Porters Analysis
  • Competitive rivalry
  • Threat of Substitute Products
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers
  • Skyquest Special Insights on Future Disruptions
  • Political Impact
  • Economic Impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact

Global Home Fitness Equipment Market by Type

  • Market Overview
  • Cardiovascular Training Equipment
  • Strength Training Equipment
  • Global Home Fitness Equipment Market by Sales Channel
  • Market Overview
  • Online
  • Offline
  • Global Home Fitness Equipment Market Size by Region
  • Market Overview
  • North America
  • USA
  • Canada
  • Europe
  • Germany
  • Spain
  • France
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Rest of Latin America
  • Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA
  • Competitive Landscape
  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2021
  • Strategies Adopted by Key Market Players
  • Top Winning Strategies
  • By Development
  • By Company
  • By Year
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2021
  • Key Company Profiles
  • Icon Health & Fitness, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Johnson Health Tech Co., Ltd. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Amer Sports Corporation (Finland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Core Health & Fitness, LLC (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Nautilus, Inc (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Technogym S.p.A. (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Hoist Fitness Systems (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Fitness World AS (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • HAMMER SPORT AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Rogue Fitness. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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