Home Fitness Equipment Market Global Competitive Analysis and Forecasts till 2026

The Global Home Fitness Equipment Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The home fitness equipment market is projected to grow at a CAGR of 2.86% during the forecast period (2020-2025).

Top Companies in the Global Home Fitness Equipment Market are Amer Sports, Nautilus Inc., Johnson Health Tech. Co. Ltd, Dyaco International Inc, Technogym SpA, Icon Health & Fitness Inc., Origin Fitness Ltd, Echelon Fitness Multimedia LLC and others.

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Key Market Trends

Consumers Interest in Customized Workout Regimes

The busy schedule and long hours of working, crowded fitness centers, and problems regarding vehicle parking have resulted in an increasing number of consumers actively inclining towards home workouts. The home fitness equipment eliminates the inconvenience of commuting to a gym to use the machines and are highly cost-effective in the long run. The small, recurring cost incurred in transportation, workout equipment, trainer fees, and membership fees is a major factor promoting consumer inclination for home fitness equipment. Moreover, the increasing number of manufacturers investing in launching apps, which provides a platform for the customers to select their personal trainers for either online classes or home visits to meet their specific fitness requirements, such as bodybuilding. For instance, in 2019, MIRROR, the company that created the first nearly invisible, interactive home gym, announced the launch of one-on-one personal training. For the first time, members will be able to bring the countrys top trainers into their homes through MIRRORs immersive technology.

North America Leading the Global Market

The North American market has witnessed significant growth, due to the rising health awareness among consumers with the growing adoption of exercises related to physical wellbeing, weight management, improving body stamina, and muscular strength driving the market growth in the country. The rising percentage of the obese population and increasing health concern are the other major factors that are driving the home fitness equipment market in the country. For instance, According to National Health and Nutrition Examination Survey, in 2016, about 39.6% of American adults were obese. Furthermore, the rising preventive healthcare measures and the augmenting healthcare costs are enabling consumers to engage in regular workouts to remain fit. Additionally, with the growing demand, manufacturers operating in the global market are expanding their presence to achieve a competitive advantage in the market. For instance, In 2019, Wattbike launched Wattbike Atom in the United States with real ride feel technology. The Atom offers the authentic, intelligent, and adaptable indoor performance training experience for the home, ideal for any cyclist and fitness enthusiast.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Home Fitness Equipment market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Home Fitness Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Home Fitness Equipment market.

Market Segments: This part of the report discusses product type and application segments of the global Home Fitness Equipment market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Home Fitness Equipment used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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