Press release
Home Fitness Equipment Market Report 2020-2030 Trends And Strategies Analysis | Covid 19 Implications And Growth
Home Fitness Equipment Market
The global home fitness equipment market is expected to grow from $6.76 billion in 2019 to $9.49 billion in 2020 at a compound annual growth rate (CAGR) of 40.4%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and other commercial activities that paved way for increasing demand for fitness equipment for home-based workouts and improvement of online fitness content. The market is expected to stabilize and reach $8.62 billion in 2023 at a CAGR of -3.16%.
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The market for home fitness equipment consists of sales of fitness equipment used at home. Home fitness equipment includes devices and machines used for performing and monitoring physical exercises at home for management of weight, improving stamina, developing muscle strength, improving appearance and personality, burning excess fat, simulating heart rate, or treating and recovering from medical conditions and to maintain overall health and fitness. The market consists of revenue generated by the companies manufacturing home fitness equipment by the sales of these products.
Precautionary healthcare coupled with increasing preference for customized workout regime has contributed to the growth of the home fitness equipment 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. According to Mayo Clinic, an American nonprofit academic medical center, 150 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. 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 home fitness equipment market.
Home Fitness Equipment Market Segmentation: -
By Product
Treadmills
Elliptical machines
Rowing machines
Strength training equipment
Other
By Applications
Home
Small Gyms
Offices
Others
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Few Points From Table Of Content
1. Executive Summary
2. Home Fitness Equipment Market Characteristics
3. Home Fitness Equipment Market Size And Growth
4. Home Fitness Equipment Market Segmentation
5. Home Fitness Equipment Market Regional And Country Analysis
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25. Home Fitness Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Home Fitness Equipment Market
27. Home Fitness Equipment Market Trends And Strategies
28. Home Fitness Equipment Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Home Fitness Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Home Fitness Equipment Market are Cybex, Nautilus, Precor, Technogym, Fitnessathome, Fitness World, Johnson Health Tech, NordicTrack, ProForm, TRUE Fitness, Vectra Fitness, Woodway, HOIST Fitness Systems.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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