Global Home Fitness Equipment Market 2022 Driving Factors Forecast Research 2028

The global home fitness equipment market is anticipated to grow at a CAGR of 6% during the forecast period (2022-2028). The global home fitness equipment market is growing due to the increase in different types of diseases. The increasing awareness to stay healthy and to stay fit among individuals is boosting the growth of the global home fitness equipment market. The rising prevalence of obesity surges the need for various fitness equipment that is boosting the market growth. According to World Health Organization (WHO) on June 2021, an estimation of more than 1.9 billion adults aged 18 years and older was overweight in 2016. Of these over 650 million adults were obese. The rise in disposable income and rapid urbanization has led to lifestyle disorders such as high sugar, blood pressure, and obesity among others That is encouraging people to engage in fitness activities and is directly boosting the growth of the market. Additionally, the increasing inclination toward digital technology applications to keep a record of personal fitness routine plays a significant role in the market growth. Additionally, development in equipment along with various advanced technologies for the users to track every record is anticipated to propel the growth of the home fitness equipment market in the forecast period.

Some major players in the market include 24 Hour Fitness USA, EOS Fitness, INTERNATIONAL COUNTRY CLUB, GOLD'S GYM, LA Fitness, LLC., Planet Fitness Franchising, LLC., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance:
• In December 2020, Peloton Interactive, Inc., launched two new products for its home smart gym lineup, the Bike+ and the Tread along with a built-in four-speaker sound system, a one-tap contactless integration with Apple Gym kit that allows to sync workouts to the Apple Watch and an Auto-Follow resistance system that scales the resistance of the bike depending on your own target metrics for heart rate and breathing.

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape-24 Hour Fitness USA, EOS Fitness, INTERNATIONAL COUNTRY CLUB, GOLD'S GYM, LA Fitness, LLC., Planet Fitness Franchising, LLC., among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Home Fitness Equipment Market Report by Segment

By Type
• Cardiovascular Training Equipment
• Strength Training Equipment
• Others

By Application
• Homes
• Small Gyms
• Offices
• Others

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.