Home Fitness Equipment Market Size- By Product Type, By Grade, By Distribution Channel, By End User, By Training Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Home Fitness Equipment Market Overview

According to SPER Market Research, the Global Home Fitness Equipment Market is estimated to reach USD 19.41 billion by 2032 with a CAGR of 4.93%.

During the forecast period, the market for home exercise equipment is anticipated to expand at a CAGR of single digit. This increase in the market value for home exercise equipment can be ascribed to a number of causes, including greater awareness of the need of leading a healthy lifestyle, an increase in the prevalence of chronic diseases, and rising personal disposable income. Equipment used in homes for exercise and activities connected to fitness is referred to as "home fitness equipment." Both online and offline distribution channels offer a huge selection of home exercise equipment. No matter their age or sex, home fitness equipment is made for people. They must, however, be used with the appropriate prudence. The main factors driving the expansion of the home fitness equipment market are increasing urbanisation, modernization, and adoption of healthier lifestyles. Other indirect factors influencing the growth of the home exercise equipment market include an increasing number of young people, greater awareness of the importance of keeping fitness, and rising personal discretionary income. Increased prevalence of obesity and overweight people will further fuel growth in the market for home exercise equipment. In the long run, the rising prevalence of cardiovascular disorders will potentially open up significant economic opportunities. The overall expansion and growth of the health and wellness sector will pave the way for increased demand for home exercise equipment. The latest coronavirus outbreak has increased demand for home exercise equipment even more.

Home Fitness Equipment Market

Impact of COVID-19 on the Global Home Fitness Equipment Market

Most fitness facilities and gyms have had to close in the recent months in order to stop the spread of COVID-19. Due to this, there is a significant demand for home workout equipment including rowing machines, treadmills, and bikes. As a result, sales of workout equipment from online sellers have significantly increased. The COVID-19 pandemic has changed the fitness business and given a boost to at-home exercise programmes. With the surge in home gym equipment sales on the internet, home fitness has emerged as a noteworthy business potential. The COVID-19 epidemic has had a devastating impact on people's health and access to healthcare, in addition to other negative effects on businesses and the overall economy. The global market for exercise equipment was also impacted by IT. Closed gyms may significantly increase the culture of home-workouts and the demand for exercise equipment for the house if quarantine and social isolation measures are maintained. The main issues worldwide are the rise in health consciousness among consumers brought on by the occurrence of hazardous diseases like COVID-19 and the rising incidence of cardiovascular diseases, diabetes, and osteoarthritis. The key driver fostering the expansion of the fitness equipment market is rising consumer preference for a fit and healthy lifestyle. Additionally fuelling the market's expansion is a rise in the number of health clubs and fitness facilities around the world.

Scope of the Report:

Report Metric Details

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Product Type, By Grade, By Distribution Channel, By End User, By Training Type

Regions covered Asia-Pacific, Europe, Middle East & Africa, North America, Latin America

Companies Covered Amer Sports Oyj, Corepump, HOIST Fitness Systems, ICON Health & Fitness Inc., Johnson Health Tech. Co., Ltd., JTX Fitness, Keiser Corporation, Louis Vuitton, Nohrd, Nordic Track, Peloton, Precor Inc., ProForm, Schwinn, Technogym Spa, Tonal Systems Inc., True Fitness, Vectra Fitness, York Barbell

Global Home Fitness Equipment Market Segmentation:

By Product Type: Based on the Product Type, Global Home Fitness Equipment Market is segmented as; Barbells & Ladders, Elliptical and Others, Extension Machines, Free Weights, Rowing Machines, Stationary Cycles, Treadmills, Other Training Equipment.

By Grade: Based on the Grade, Global Home Fitness Equipment Market is segmented as; Low-end Products, Mid-grade Products, High-end Products.

By End User: Based on the End User, Global Home Fitness Equipment Market is segmented as; Apartments, Condos, Houses, Offices, Small Gyms, Town homes, Other End Users.

By Training Type: Based on the Training Type, Global Home Fitness Equipment Market is segmented as; Cardiovascular Training Equipment, Strength Training Equipment, Others.

By Region: The home fitness equipment market is dominated by North America, and this trend of dominance will continue to thrive during the forecast period, with the United States and Canada emerging as the primary contributors. This is due to the expansion of the e-commerce industry in this area, the presence of important players, and the rapid rate of technological innovation. For the predicted period, Asia-Pacific will have the highest compound annual growth rate (CAGR).

Product Code: HLCA2307

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Home Fitness Equipment Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1. Global Home Fitness Equipment Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Home Fitness Equipment Market

7. Global Home Fitness Equipment Market, By Product Type, 2019-2032 (USD Million)

7.1. Barbells & Ladders
7.2. Elliptical and Others
7.3. Extension Machines
7.4. Free Weights
7.5. Rowing Machines
7.6. Stationary Cycles
7.7. Treadmills
7.8. Other Training Equipment

8. Global Home Fitness Equipment Market, By Grade, 2019-2032 (USD Million)

8.1. Low-end Products
8.2. Mid-grade Products
8.3. High-end Products

9. Global Home Fitness Equipment Market, By Distribution Channel, 2019-2032 (USD Million)

9.1. Dealers
9.2. Online Shops
- 9.2.1. Direct Online Stores
- 9.2.2. Third Party Websites
9.3. Retail Stores
9.4. Specialty Stores
9.5. Other Distribution Channels

10. Global Home Fitness Equipment Market, By End User, 2019-2032 (USD Million)

10.1. Apartments
10.2. Condos
10.3. Houses
10.4. Offices
10.5. Small Gyms
10.6. Town homes
10.7. Other End Users

11. Global Home Fitness Equipment Market, By Training Type, 2019-2032 (USD Million)

11.1. Cardiovascular Training Equipment
11.2. Strength Training Equipment
11.3. Others

12. Global Home Fitness Equipment Market, By Region, 2019-2032 (USD Million)

12.1. Global Home Fitness Equipment Market Size and Market Share by Region (2019-2025)
12.2. Global Home Fitness Equipment Market Size and Market Share by Region (2026-2032)
12.3. Asia-Pacific
- 12.3.1. Australia
- 12.3.2. China
- 12.3.3. India
- 12.3.4. Japan
- 12.3.5. South Korea
- 12.3.6. Rest of Asia-Pacific
12.4. Europe
- 12.4.1. France
- 12.4.2. Germany
- 12.4.3. Italy
- 12.4.4. Spain
- 12.4.5. United Kingdom
- 12.4.6. Rest of Europe
12.5. Middle East & Africa
- 12.5.1. Kingdom of Saudi Arabia
- 12.5.2. United Arab Emirates
- 12.5.3. Rest of Middle East & Africa
12.6. North America
- 12.6.1. Canada
- 12.6.2. Mexico
- 12.6.3. United States
12.7. Latin America
- 12.7.1. Argentina
- 12.7.2. Brazil
- 12.7.3. Rest of Latin America

13. Company Profiles

13.1. Amer Sports Oyj
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
13.2. Corepump
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
13.3. HOIST Fitness Systems
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
13.4. ICON Health & Fitness Inc.
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
13.5. Johnson Health Tech. Co., Ltd.
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
13.6. JTX Fitness
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
13.7. Keiser Corporation
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
13.8. Louis Vuitton
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
13.9. Nohrd
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
13.10. Nordic Track
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
13.11. Peloton
- 13.11.1. Company details
- 13.11.2. Financial outlook
- 13.11.3. Product summary
- 13.11.4. Recent developments
13.12. Precor Inc.
- 13.12.1. Company details
- 13.12.2. Financial outlook
- 13.12.3. Product summary
- 13.12.4. Recent developments
13.13. ProForm
- 13.13.1. Company details
- 13.13.2. Financial outlook
- 13.13.3. Product summary
- 13.13.4. Recent developments
13.14. Schwinn
- 13.14.1. Company details
- 13.14.2. Financial outlook
- 13.14.3. Product summary
- 13.14.4. Recent developments
13.15. Technogym Spa
- 13.15.1. Company details
- 13.15.2. Financial outlook
- 13.15.3. Product summary
- 13.15.4. Recent developments
13.16. Tonal Systems Inc.
- 13.16.1. Company details
- 13.16.2. Financial outlook
- 13.16.3. Product summary
- 13.16.4. Recent developments
13.17. True Fitness
- 13.17.1. Company details
- 13.17.2. Financial outlook
- 13.17.3. Product summary
- 13.17.4. Recent developments
13.18. Vectra Fitness
- 13.18.1. Company details
- 13.18.2. Financial outlook
- 13.18.3. Product summary
- 13.18.4. Recent developments
13.19. York Barbell
- 13.19.1. Company details
- 13.19.2. Financial outlook
- 13.19.3. Product summary
- 13.19.4. Recent developments