Home Fitness Equipment Market size is set to grow by USD 4436.9 million from 2024-2028, increased demand for home fitness equipment boost the market- Technavio

Home Fitness Equipment Market size is set to grow by USD 4436.9 million from 2024-2028, increased demand for home fitness equipment boost the market- Technavio

NEW YORK, Jan. 28, 2025 /PRNewswire/ — The global home fitness equipment market size is estimated to grow by USD 4436.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 11.38% during the forecast period. increased demand for home fitness equipment is driving market growth, with a trend towards increasing smartphone penetration However, rising popularity of other forms of workouts poses a challenge.Key market players include ANTA Sports Products Ltd., Core Health and Fitness LLC, Decathlon SA, Dyaco International Inc., HOIST Fitness Systems Inc., Icon Health and Fitness Inc., Impulse Qingdao Health Tech Co. Ltd., Johnson Health Tech Co. Ltd., Life Fitness, Nautilus Inc., Origin Fitness Ltd., Paradigm Health and Wellness Inc., Rama Enterprises, TECHNOGYM S.p.A, Torque Fitness, True Fitness Technology Inc., Tunturi New Fitness BV, Wattbike Ltd., WOODWAY Inc., and XMark Fitness.

Technavio has announced its latest market research report titled Global home fitness equipment market 2024-2028
Technavio has announced its latest market research report titled Global home fitness equipment market 2024-2028

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- Buy Report

Home Fitness Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.38%

Market growth 2024-2028

USD 4436.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.28

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

ANTA Sports Products Ltd., Core Health and Fitness LLC, Decathlon SA, Dyaco International Inc., HOIST Fitness Systems Inc., Icon Health and Fitness Inc., Impulse Qingdao Health Tech Co. Ltd., Johnson Health Tech Co. Ltd., Life Fitness, Nautilus Inc., Origin Fitness Ltd., Paradigm Health and Wellness Inc., Rama Enterprises, TECHNOGYM S.p.A, Torque Fitness, True Fitness Technology Inc., Tunturi New Fitness BV, Wattbike Ltd., WOODWAY Inc., and XMark Fitness

Market Driver

The home fitness equipment market is witnessing a growth in demand as consumers prioritize healthy habits and the health benefits of regular exercise. Home fitness equipment, including biking, jogging, and swimming machines, are popular choices for those seeking to maintain stamina and engage in fitness activities from the comfort of their homes. Innovative fitness products like smart treadmills with heart rate and distance covered tracking, compact and foldable forms, and under-desk treadmills, are gaining traction. Brands like DeerRun and Bowflex SmartTech are leading the way with smart electronic devices and built-in sensors. Obesity, heart disease, diabetes, and cancer are major health issues driving demand for home fitness equipment worldwide. Online fitness sessions and diet plans from the Global Wellness Institute further boost sales. Fitness Superstore and Life Fitness are key players in this market, offering cardiovascular training and strength training equipment. Sales channels include online and offline, with after-sale services and built-in sensors ensuring customer satisfaction. Exercise instruments like resistance bands, dumbbells, and kettlebells cater to flexibility exercises, while multipurpose home gyms offer a one-stop solution for fitness and health enthusiasts. Accessibility features, convenience, and time efficiency are essential lifestyle preferences for consumers in developing and under-developed countries. Aerobic workouts, strength training, and flexibility exercises are popular fitness activities, with rowing machines, elliptical trainers, and stationary bikes being top choices. Resistance levels and inclination settings cater to individual fitness goals, while strength training instructors and stretching equipment ensure proper form and safety. Foam rollers and yoga mats complete the home fitness solution.

link

Leave a Reply

Your email address will not be published. Required fields are marked *