Global home fitness equipment market is projected to accomplish an extraordinary growth in the forecast period, 2022-2026 with an impressive CAGR. The market growth can be attributed to rising concerns among the health conscious population of the world. Also, the demand for the high quality home fitness equipment that is easily installable and feasible for the relocation and daily workout is driving the growth of the market in the upcoming five years. The busy working professional are more inclined toward the home fitness equipment to save their time from extra time spent in commuting to the gyms and fitness center while keeping their health in check at home. Moreover, the recent event of COVID-19 pandemic, the gyms and fitness centers were closed, and the world observed complete lockdown. The surge in the demand of the home fitness equipment could be seen once the online retails were restored thereby driving the growth of the market in the upcoming five years. In recent trend online fitness sessions are conducted which was a derivative of the conditions of the lockdown, thereby inclining more population toward purchasing home fitness equipment and supporting the growth of the market in the next five years too. Technological advanced equipment that are compatible with the online fitness sessions are more preferred ad thereby aiding the impressive growth of the market in the future.
The global home fitness equipment market is segmented by type, category, distribution channel, regional distribution, and competitional landscape. Based on the category, the market is differentiated between cardiovascular training equipment, and strength training equipment. Cardiovascular training equipment are anticipated to hold the larger revenue shares of the market and assert their dominance over the market on the account of surge in the demand due to rising cases of cardiovascular diseases. Also, due to COVID-19 coronavirus, the number of patients suffering from the cardiovascular diseases and pulmonary diseases increased exponentially. To train the heart and lung function post treatment, the cardiovascular training equipment are utilized, and the stated factors are actively supporting the growth of the market in the upcoming five years. Strength training equipment are also expected to show a significant growth in the upcoming five years owing its growth to the factors like demand from the young population that are inclined toward athletic physique and building stamina. Moreover, the lockdown had a severe impact over the population mental and physical health and to overcome the setback, large population tried for a healthier method of dealing with the lockdown thereby supporting the growth of the market in the next five years.
Holding the major shares of the global home fitness equipment market are Anta International Limited (Amer Sports Oyj), Nautilus Inc., Johnson Health Tech. Co. Ltd, Origin Fitness Ltd (Anytime Leisure Limited), Dyaco International Inc., Icon Health & Fitness, Inc., Amer Sports Corporation, Core Health & Fitness, LLC, Technogym SPA, Echelon Fitness Multimedia LLC, among others. Market players are actively involved in the research and technological advancement of the fitness equipment. Various features like monitoring the heartrate, calories, blood pressure, weight of the body, along with the calculation of the workout performed added in the equipment is driving the growth of the advancing fitness equipment by drawing the consumer attention. Also, the market players can focus over the R & D processes that provides the solution for the consumer demand thus aiding the market players in properly popularizing and establishing their brand value in the future market. Other strategies may include partnerships, deals, and acquisitions among the market players.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of global home fitness equipment market from 2016 to 2019.
- To estimate and forecast the market size of global home fitness equipment market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global home fitness equipment market based on type, category, distribution channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global home fitness equipment market.
- To identify drivers and challenges for global home fitness equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global home fitness equipment market.
- To identify and analyze the profile of leading players operating in global home fitness equipment market.
- To identify key sustainable strategies adopted by market players in global home fitness equipment market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global home fitness equipment market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience
- Manufacturers, end users, and other stakeholders
- Distributers and suppliers of products and other stakeholders
- Organizations, forums, and alliances related to home fitness equipment
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
