Home Fitness Equipment Market Growth, Overview With Detailed Analysis 2024-2030

Published: 2024-07-15
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Author: Pujammr
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Home Fitness Equipment Market Growth, Overview With Detailed Analysis 2024-2030

Home Fitness Equipment Market Growth or Demand Increase or Decrease for what contains ?

The global Home Fitness Equipment Market is witnessing a steady increase in demand. The market is projected to grow from a value of USD 12.53 billion in 2023 to USD 17.28 billion by 2030, representing a Compound Annual Growth Rate (CAGR) of 4.7% over the forecast period.

Increase in healthcare influences the opportunities for market growth. People prefer customised workouts and are instructed by online specialists and specific training courses to match their needs. Preventive and preventive healthcare, as well as customised workout routines, have raised demand for home fitness equipment. According to the Mayo Clinic, an American nonprofit academic medical centre, 200 to 300 minutes of moderate-intensity activity per week, which includes physical activities such as fast walking or swimming, is an important part of preventive care and to prevent weight gain, and it is widely adopted by the global population.

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Home Fitness Equipment Market CAGR Estimation:

The Global Home Fitness Equipment Market size is estimated to grow at a CAGR of 4.7% over the forecast period.

Home Fitness Equipment Market Overview:

The Maximise Market Research research gives clients a thorough overview of the competitive landscape and serves as a valuable resource for strategic planning. The thorough Home Fitness Equipment Market overview contains detailed information on market size, trade statistics, key players, and a variety of industry indicators such as the life cycle and current trends.

Home Fitness Equipment Market Segmentation:

By Product Type:
- Cardiovascular Training Equipment (Treadmills, Stationary Cycles, Rowing Machines, Ellipticals, and Others)
- Free Weights
- Power Racks

The Home Fitness Equipment Market is divided into the following product categories: Cardiovascular Training Equipment, Treadmills, Stationary Cycles, Rowing Machines, Elliptical and Others, Free Weights, and Power Racks.

Cardiovascular holds the greatest market share for home fitness equipment, which is divided into offline and online increases in strength training equipment and cardiovascular training equipment. In 2023, the cardiovascular training equipment category dominated the home fitness equipment market. This growth is due to the increased use of the equipment, which helps to improve the health of persons suffering from high blood pressure, diabetes, and heart disease.

By Distribution Channel:
- Dealers
- Online
- Direct Distribution
- Retail
- Specialty Retailers
- Gyms/Clubs

The Home Fitness Equipment Market is divided into the following distribution channels: Dealers, Online, Direct Distribution, Retail, Specialty Retailers, and Gyms/Clubs.

The online component of the global fitness equipment market is heavily influenced by home customers, health clubs, and other commercial users. The segment offers a variety of services and discounts, which attracts a large portion of the market. Online vendors entice home users to purchase various workout equipment for personal use. Health clubs/gyms/fitness centres are the primary purchasers of fitness equipment for commercial use. Fitness equipment is a vital component of their primary company, which is why they prefer to purchase advanced equipment online for their clientele.

By End-User:
- Households
- Apartments
- Gym in Apartments
By Price Point:
- Low
- Mild
- Luxury

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Home Fitness Equipment Market Growth or Demand in which regions??

Europe:
- Held the largest market share in 2023, accounting for 32%.
- Expected to witness significant growth at a CAGR of 11.1% during the forecast period.
- Countries like Austria, Sweden, Germany, France, Spain, Italy, and England have seen increased adoption of home fitness equipment, especially post-COVID-19.
North America:
- Experiencing an upsurge in the market due to increased e-commerce penetration.
- Growing health consciousness and increased income levels are driving the market.
Asia Pacific:
- Rapid urbanization and rising disposable incomes are expected to boost market growth.
- Countries such as China, Japan, South Korea, and India are key markets.
Middle East & Africa and South America:
- Emerging markets with growing health consciousness and disposable incomes.
- Brazil and South Africa are notable contributors.

Home Fitness Equipment Market Scope Methodology:

The Home Fitness Equipment market is competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis of the Home Fitness Equipment Market’s drivers, limitations, opportunities, and problems. The Home Fitness Equipment market estimates and growth rates were obtained using a bottom-up methodology.

To obtain insight into Home Fitness Equipment Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study did regional analysis at the local, regional, and worldwide levels. Essential information about the Home Fitness Equipment Market, including players, investors, and new entrants, is provided to help with the creation of marketing strategies and investment plans.

The Home Fitness Equipment Market was investigated using both primary and secondary data collection techniques. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news announcements, annual and financial reports, white papers, and so on. The SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the energy-efficient lighting market.

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Home Fitness Equipment Market Key Players:

1.Icon Health & Fitness, Inc.
2. Johnson Health Tech Co. Ltd.
3. Amer Sports Corporation
4.Core Health & Fitness, LLC
5. Nautilus, Inc.
6. Technogym S.p.A
7.Hoist Fitness Systems
8. Fitness World AS
9.HAMMER SPORT AG
10. Rogue Fitness
11.Tonal Systems
12. PENT
13. ProForm
14. PELOTON
15.Nordic Track

Table of Content: Home Fitness Equipment Market

Part 01: Executive Summary

Part 02: Scope of the Home Fitness Equipment Market Report

Part 03: Global Home Fitness Equipment Market Landscape

Part 04: Global Home Fitness Equipment Market Sizing

Part 05: Global Home Fitness Equipment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key questions answered in the Home Fitness Equipment Market are:

What is Home Fitness Equipment Market?
What is the growth rate of the Home Fitness Equipment Market?
Which are the factors expected to drive the Home Fitness Equipment Market growth?
What are the different segments of the Home Fitness Equipment Market?
What are the factors restraining the growth of the Home Fitness Equipment Market?
What is the demand pattern of the Home Fitness Equipment Market?
What major challenges could the Home Fitness Equipment Market face in the future?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size Forecast by different segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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