Home Fitness Equipment Market – Growth, Segmentation Based on Product Type, Distribution Channel, End-User, and Price Point

Home Fitness Equipment Market was valued at US$ 11.97 Bn. in 2022 and is estimated to reach a value of US$ 16.50 Bn. in 2029. The Global Home Fitness Equipment Market size is estimated to grow at a CAGR of 4.7% over the forecast period.
Home Fitness Equipment Market Overview:
Home Exercise equipment is any apparatus or device used during physical activity to enhance the strength or conditioning effects of that exercise by providing either fixed or adjustable amounts of resistance or to otherwise enhance the experience or outcome of an exercise routine. A home exercise equipment based on the program is a series of exercises that persons complete at home to maintain strength and increase therapeutic gains. Home exercise equipment is designed to be practical, accessible, and feasible so that people can maximize efforts without instruction. Smart Home Gyms are multifaceted pieces of workout equipment that can tailor to a variety of workouts. Whether they prefer strength training, running, biking, rowing, yoga, or even Pilates, these home gyms and their virtual training options can take workout tech to the next level.

The report explores the Home Fitness Equipment Market's segments (Product Type, Distribution Channel, End-User, Price Point, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Home Fitness Equipment Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Home Fitness Equipment Market's contemporary competitive scenario.



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2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Home Fitness Equipment Market Dynamics:
Growth Factors-

Product Enlargement is the Growth Factors for the Home Fitness Equipment Market- The product has developed an escalating market enlargement as people are becoming progressively aware of the health benefits that can deliver. Its capability to strengthen the specific part of the body, boost stamina & energy, and assist users in moving at their own pace has helped to draw more customers. Precautionary healthcare coupled with an increasing preference for customized workout regimes has contributed to the growth of the market. Today people are inclined towards maintaining an active lifestyle with regular exercise which can maintain a healthy weight and decrease the risk of chronic diseases.

Increase in the Healthcare Influence the Opportunities for Market Growth- People prefer to have a customized workout and are getting trained by online experts and individual training courses in order to meet their requirements. Preventive and precautionary healthcare and customized workout regimes have increased the demand for the home fitness equipment market. According to Mayo Clinic, an American nonprofit academic medical center, 200 to 300 minutes of moderate-intensity activity is needed in a week which includes physical activities such as fast walking or swimming as an important part of preventive care and to prevent weight gain and it is highly adopting by huge population across the globe. They will get inspired and motivated after the pandemic and start working out and firming up their body but also saves thousands of dollars on cross trainers, treadmills, and stationary bikes. For instance, the VR Fitness Company is creating the world's first reality gym experience by providing virtual reality fitness machines that are built to give a safe and fun aerobic session for all fitness levels and make exercise a lot more fun and exciting.
COVID-19 Impact on Home Fitness Equipment Market-
The COVID-19 pandemic has increased the number of people working out in the comfort of their homes. Stringent lockdown norms by regulatory government bodies in various countries have resulted in the temporary closure of gymnasiums and fitness institutes. As per reports from Global Fitness Survey, as of May 2020, the sales of home fitness equipment showcased a growth of 90% amid the pandemic. The market picked the market when everyone is at home and trying to maintain their lifestyle and this influences many key players in past years companies launch connected fitness equipment — ones that can be connected to a TV, tablet, or smartphone via Bluetooth, the major key players says that "Their focus is on providing tech-savvy equipment along with services like workout sessions, personal trainers, and dieticians free of cost to fulfill all fitness-related needs." Consumers can check their workout speed, interact with other fitness enthusiasts, or play games with peers via the application.

Increase in the adoption of Equipment in Urban Areas Boosting the Market- The commonly used at-home fitness equipment like treadmills, stationary cycles, stair climbers, rowing machines, ellipticals, and free weights are the most demanded equipment for at-home fitness it also increased globally, due to increase in health awareness. The increase in the prevalence of obesity and rise in health consciousness has majorly boosted the global at-home fitness equipment market growth. Moreover, the upsurge in urban population, rising disposable income, growing health consciousness, growing trend of bodybuilding, and increase in government initiatives to promote healthy life have fueled the adoption of at-home fitness equipment. Further, the demand for the at-home fitness equipment in the emerging markets is growing owing to the rise in disposable income, the desire to maintain physical and mental health, and the rising trend of bodybuilding.

Advancement in Technology regarding Fitness Equipment propels to Market Growth- The huge involvement of artificial intelligence (AI) and machine learning technology in the at-home fitness equipment contributes to the growth of the global at-home fitness equipment market. It is expected that the AI-based personal trainer is the upcoming huge market growth opportunity for major key players in the at market. Tech giants such as Google and Apple are engaged in developing their smart wearable devices that can virtually guide and assist users based on health data collection. Therefore, these technological advancements are expected to be the driving factor of the global at-home fitness equipment market in the foreseeable future.
Home Fitness Equipment Market Trends:
Encouraging by Celebrities is improving the Home Fitness Equipment Market Trend- The various celebrities mostly prefer the home gyms for their usage and to maintain sedentary lifestyles and hectic schedules have led to the adoption of at-home fitness equipment. Exercising at home using fitness equipment saves gym membership expenses. Furthermore, the outbreak of the COVID-19 pandemic significantly induced many celebrities as well as many peoples to buy at-home fitness equipment as gyms and other fitness centers were completely shut down due to strict lockdown restrictions across the globe. Hence, the COVID-19 pandemic forced the global population to become health conscious and fueled the demand for at-home fitness equipment. An increase in the number of gymnasiums and fitness service providers offering various packages and discounts for weight loss and related programs at home has increased the client base. All these factors are creating a positive impact on the growth of the fitness equipment market, especially in Europe.

Rising Popularity Influencing the Trend among Population- Home Gym Equipment enrollment has seen a progressive ascent in numbers in arising economies in the course of recent years, both comparable to corpulence and ascends in expendable earnings. This has additionally roused youthful and more established grown-ups to favor the accommodation of practicing in the areas of their homes. Home Gym exercise equipment has become a key empowering agent just as the gas pedal in embracing thorough exercise intends to fabricate muscles and actual endurance. The rising popularity of healthy lifestyles and physical fitness has propelled the demand for the home gym exercise equipment market. Home gym exercise equipment is utilized broadly in strengthening both the body core and the heart. Various equipment used for self-training at home includes cardiovascular preparation, multi-gymming equipment, combo preparing, and strength training equipment. The imposition of stringent lockdown rules by various governments worldwide has interrupted the daily workout routines of active sports and fitness people. In addition to this, the wide adoption of a sedentary lifestyle has also resulted in the rise in the number of bariatric population. The rising inclination towards self-training and practice is also considered a prime factor boosting the growth of the global home gym, and exercise equipment in the coming years.
Home Fitness Equipment Market Segment Analysis:
Based on Product Type, the Home Fitness Equipment Market is segmented into Cardiovascular Training Equipment, Treadmills, Stationary Cycles, Rowing Machines, Elliptical, and Others, Free Weights, and Power Racks.

Cardiovascular holds the largest market for home fitness equipment is segregated into offline and online increases their strength training equipment and cardiovascular training equipment. Out of these, the cardiovascular training equipment segment generated the largest home fitness equipment market share in 2020. This growth is attributable to the rising utilization of the equipment as they help in improving the health of those living with high blood pressure, diabetes, and heart diseases.

The increasing prevalence of chronic lifestyle diseases, along with rising health consciousness among individuals across the globe, encourages the other segments and considers ad one of the key factors driving the growth of the market. Owing to various factors, such as rapid urbanization, sedentary lifestyles, and hectic schedules of working professionals, there is increasing adoption of fitness equipment that can be used in the comfort of the home for maintaining a healthy lifestyle. In confluence with this, the growing preference for this equipment for managing various lifestyle diseases, such as arthritis, diabetes, stroke, and cardiovascular disorders, is also providing a boost to the segment and market growth.

Based on Distribution Channel, the Home Fitness Equipment Market is segmented into Dealers, Online, Direct Distribution, Retail, Speciality Retailers, and Gyms/Clubs

The online segment in the global fitness equipment market is highly influenced by their home consumers, health clubs, and other commercial users, the segment provides various facilities offers and discounts majorly attracting the market. Home users purchase different fitness equipment online for their personal use attracted by online retailers. Health clubs/gyms/fitness centers purchase fitness equipment for commercial purposes and are the major customers for their shopping. Fitness equipment is an essential prerequisite for their core business that is the reason they prefer online buying to get advanced equipment for their clients.

Based on End-User, the Home Fitness Equipment Market is segmented into Household, Apartment, and Gym in Apartment.



Gm in the apartment segment has witnessed growth because of people ordering and installing home fitness equipment more with time and preferring that apartment which provides the gym facilities or allow customers to choose from a variety of options in a contactless environment. And because of the pandemic, this segment has seen more customer engagement. The growth of this segment has also allowed online retailers to increase product variety and availability.

Based on End-User, the Home Fitness Equipment Market is segmented into Low, Mild, and Luxury.

The mid-priced point segment holds the most market growth because it holds the largest growth rate of 12% over the forecasted period. The factors attributing to the market is segment is the dominating segment and is expected to retain its dominance during the forecast period; this is because most people opt for good quality equipment at a price that fits their budget.
Home Fitness Equipment Market Regional Insights:
The Home Fitness equipment Market region held the largest market share accounting for 32% in 2022 in the European region.

The Home Fitness equipment Market region is expected to witness significant growth at a CAGR of 11.1% through the forecast period.

The European market is anticipated to grow at an accelerating rate over the forecast period, because of the continent's rising level of health awareness. The number of adoption of gymnasiums and fitness in their homes is rapidly increasing in Austria, Sweden, Germany, and France. Other European countries like Spain, Italy, and England have noted an upsurge in the home fitness equipment market, especially during the COVID-19 pandemic. As per Europe Active, the overall amount of fitness members of the club in Germany increased by 12% to 62.2 million.
The North American region is also witnessing an upsurge in the market due to the increase in e-commerce as people are becoming more aware and advanced. According to a report by the US, has seen an increase in the use of e-commerce platforms and expected to increase in the coming years. With the increase in e-commerce, the growth of the fitness equipment market is also expected in the US. The major reason is that people are more aware and increased income levels.

The objective of the report is to present a comprehensive analysis of the global Home Fitness Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Home Fitness Equipment Market dynamic and structure by analyzing the market segments and projecting the Home Fitness Equipment Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Home Fitness Equipment Market make the report investor’s guide.
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Global Home Fitness Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 11.97 Bn.


Forecast Period 2023 to 2029 CAGR:
4.7%
Market Size in 2029:
US $ 16.50 Bn.


 Segments Covered:
by Product Type
Cardiovascular Training Equipment
Treadmills
Stationary Cycles
Rowing Machines
Elliptical and Others
Free Weights
Power Racks


by Distribution Channel
Dealers
Online
Direct Distribution
Retail
Specialty Retailers
Gyms/Clubs


by End-User
Households
Apartments
Gym in Apartments


by Price Point
Low
Mild
Luxury



Home Fitness Equipment Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Home Fitness Equipment Key Players:
1.Icon Health & Fitness, Inc.
2. Johnson Health Tech Co. Ltd.
3. Amer Sports Corporation
4.Core Health & Fitness, LLC
5. Nautilus, Inc.
6. Technogym S.p.A
7.Hoist Fitness Systems
8. Fitness World AS
9.HAMMER SPORT AG
10. Rogue Fitness
11.Tonal Systems
12. PENT
13. ProForm
14. PELOTON
15.Nordic Track

Frequently Asked Questions:

1] What segments are covered in the Home Fitness Equipment Market report?
Ans. The segments covered in the Home Fitness Equipment Market report are based on Product Type, Distribution Channel, End-User, and Price Point.

2] Which region is expected to hold the highest share in the Europe Hose Pump Market?
Ans. The European region is expected to hold the highest share in the Europe Hose Pump Market.

3] What is the market size of the Home Fitness Equipment Market by 2029?
Ans. The market size of the Home Fitness Equipment Market by 2029 is expected to reach USD 11.97 Billion.

4] What is the forecast period for the Europe Hose Pump Market?
Ans. The forecast period for the Home Fitness Equipment Market is 2023-2029.

5] What was the market size of the Home Fitness Equipment Market in 2022?
Ans. The market size of the Home Fitness Equipment Market in 2022 was valued at USD 11.97 Billion.