Global Home Fitness equipment Market

[Aarti Ghodke]

Global Home Fitness Equipment Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 2.75% through 2020 to 2026, reaching nearly US$ XX Mn.

 

The global Home fitness equipment market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global home fitness equipment market report also provides trends by market segments, Application, and investment with a competitive landscape.

 

Global Home Fitness equipment Market

 

To know about the Research Methodology :- Request Free Sample Report

Global Home Fitness Equipment Market Overview:

 

Home fitness equipment includes a variety of equipment that a person uses at home to perform physical exercises at home. These items of device aid in weight control, stamina enhancement, and the growth of muscular strength in the body. Training equipment, such as treadmills, is a popular model of home exercise equipment.

 

People have become more concerned with their fitness and wellbeing which is driving the home fitness equipment market demand for both consumer and industrial applications. Health problems have such an impact on death rates worldwide, there seems to be an increase in the health issues of lipid, high blood pressure, and heart-related issues.

 

The ongoing Pandemic COVID-19 has proven to be a boon for the home fitness equipment market. Due to lockdown and various restrictions imposed by the government on public gathering and places, it has affected the gym going and fitness enthusiast, people. Because of this the home fitness market has seen a surge in its overall growth in the last 1 year and is expected to grow in future as well

Global Home Fitness Equipment Market Dynamics

 

One of the major factors driving the overall market growth is the higher incidence of persistent chronic conditions, along with growing healthcare awareness among people globally. Depending on a variety of factors, such as urbanization, lack of exercise, and the busy schedule of working professionals, there is indeed a growing adoption of fitness equipment which are being used for comfort at home

 

With Increase in the popularity of working out at home has boosted the growth of the market as exercising at home gives people a more friendly environment with personal space and privacy, women are finding it easier and more convenient as compared to going to the fitness centre

 

Governments both in developed and emerging nations are undertaking different public health care initiatives to raise wellness awareness among the public, which also is going to contribute to the implementation of this equipment, especially among young people. Other aspects involve increasing consumer spending power, the growth of smart Application which can be synchronized with fitness equipment, as well as the growth of smart Application that can be synchronized with fitness equipment. Moreover, manufacturing companies are investing in R&D (Research & Development) activities in order to improve the advanced as well as user-friendly devices that will improve the overall customer experience.

 

However, the availability of low space in homes and in apartments has affected the growth of the Home fitness equipment market. Due to the big space covered by the equipment, people don’t get enough place to conduct physical workouts and the rising cost of transportation and installation of home fitness equipment has also affected the overall growth of the market

Trends in Global Home Fitness Equipment Market

 

Augmented reality fitness equipment, accessories, as well as software, are emerging trends in the home exercise equipment market for getting physical exercises that can help and encourage individuals to build health goals via interesting games as well as proper training situations. By creating the world's first reality fitness centre market and enabling augmented reality fitness machines that are engineered to provide such a fun and peaceful aerobic experience is expected to grow the overall market.

 

Online training sessions and contactless excessing methods are in trend is due to their convenience and all-time availability. Gym trainers and regular as well as normal gym-goers are engaging themselves more in small training sessions online to boost overall health. Virtual training camps have emerged as a popular trend

Global Home Fitness Equipment Market Segment Analysis

 

Global Home Fitness equipment Market 1

 

The cardiovascular training equipment segment is anticipated to grow in the forecast period due to its high capacity to help strengthen the heart as well as muscles while also aiding in the betterment of people with heart disease, diabetes, and high blood pressure, cardiovascular problems. With the increase in the patients related the cardiovascular problems people are getting more health-conscious and focused on improving heart conditions, this has increased the growth of cardiovascular training equipment.

 

The weight training equipment segment is also anticipated to grow due to peoples rising awareness related to muscle and body weight gain it helps to build stamina and raw energy also making joints strong. Equipment like dumbbells bars weight plates have witnessed an upsurge in the market and is expected to grow in the forecast period.

 

The segment of Weight and Strength training equipment has also seen growth due to upgraded knowledge of health and weight importance. People who are thin or low in weight started conducting weight gaining sessions at home as weight training equipment helps in building muscles and in gaining mass. Equipment merchants have noted the increase in sales of weight training equipment such as dumbbells and bar.

 

Online Retailers the sub-segment of distribution channel has witnessed growth because of people ordering and installing home fitness equipment more with time. it allows customers to choose from a variety of option 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 more product variety and availability. The offline channel of distribution is also anticipated to grow as people begin purchasing equipment from retail outlets because of physical attributes.

Global Home Fitness Equipment Market Regional Insights:

 

Global Home Fitness equipment Market 2

 

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 gymnasiums and fitness centres are 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 XX% to 62.2 mn

 

The South American region is also witnessing an upsurge in the market due to the increase in e-commerce as people are becoming more aware and advance. According to a report Brazil has seen an increase in the use of e-commerce platform 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 Argentina. The major reason is that people are more aware and increased income level

 

The North American region grew due to the effects of increasing consumer awareness regarding health, with a rise in the implementation of workouts associated with physical well-being, weight control, working to improve body stamina, and muscle mass. Other key factors that drive the home fitness equipment market included the increasing overweight population and growing medical issues.

 

Furthermore, the rising preventive healthcare measures and therefore the augmenting healthcare costs are enabling consumers to interact in regular workouts to stay fit, with the growing demand, manufacturers operating within the global market are expanding their presence to realize a competitive advantage within the market.

 

Asian Pacific region is estimated to have a robust presence in the market with the increasing income, lifestyle and preventative health initiatives as well as healthcare costs are facilitating people to interact in more regular workouts to stay in shape. With increasing demands, manufacturing companies operating in the regional market are looking to expand their presence to achieve a competitive edge. India and China are anticipated to be the leaders in the Asian Pacific region followed by Japan and South Korea.

 

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, SVOR, 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 analysed, which will give a clear futuristic view of the industry to the decision-makers.

 

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

Global Home Fitness Equipment Market Scope: Inquire before buying

 

Global Home Fitness equipment Market 3

Global Home Fitness Equipment Market, by Region

 

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Home Fitness Equipment Market Key Players

 

• Nautilus Inc.
• Johnson Health Tech Co.
• Technogym SpA.
• NordicTrak
• Precor, Inc.
• BRUNSWICK CORPORATION
• Amer Sports
• Core Health & Fitness LLC
• Fitness EM
• LLC
• HOIST Fitness Systems
• Icon Health and Fitness
• Torque Fitness
• True Fitness
• Cybex International

For More Information Vist : https://www.maximizemarketresearch.com/market-report/global-home-fi...

Report Is Submitted By : Maximize Market Research Company 

 

 

               

 

 

• Other

 

 

 

 

 

 

 

               

 

 

 

 

 

Customization of the report:

 

 

               

 

 

 

 

 

Maximize Market Research of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

 

 

 

 

 

About Maximize Market Research:

 

 

 

 

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & C

ommunications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.