Global Home Fitness Equipment Market Overview
According to SPER Market Research, the Global Home Fitness Equipment Market is estimated to reach USD 19.41 billion by 2032 with a CAGR of 4.93%.
During the forecast period, the market for home exercise equipment is anticipated to expand at a CAGR of single digit. This increase in the market value for home exercise equipment can be ascribed to a number of causes, including greater awareness of the need of leading a healthy lifestyle, an increase in the prevalence of chronic diseases, and rising personal disposable income. Equipment used in homes for exercise and activities connected to fitness is referred to as "home fitness equipment." Both online and offline distribution channels offer a huge selection of home exercise equipment. No matter their age or sex, home fitness equipment is made for people. They must, however, be used with the appropriate prudence. The main factors driving the expansion of the home fitness equipment market are increasing urbanisation, modernization, and adoption of healthier lifestyles. Other indirect factors influencing the growth of the home exercise equipment market include an increasing number of young people, greater awareness of the importance of keeping fitness, and rising personal discretionary income. Increased prevalence of obesity and overweight people will further fuel growth in the market for home exercise equipment. In the long run, the rising prevalence of cardiovascular disorders will potentially open up significant economic opportunities. The overall expansion and growth of the health and wellness sector will pave the way for increased demand for home exercise equipment. The latest coronavirus outbreak has increased demand for home exercise equipment even more.
Impact of COVID-19 on the Global Home Fitness Equipment Market
Most fitness facilities and gyms have had to close in the recent months in order to stop the spread of COVID-19. Due to this, there is a significant demand for home workout equipment including rowing machines, treadmills, and bikes. As a result, sales of workout equipment from online sellers have significantly increased. The COVID-19 pandemic has changed the fitness business and given a boost to at-home exercise programmes. With the surge in home gym equipment sales on the internet, home fitness has emerged as a noteworthy business potential. The COVID-19 epidemic has had a devastating impact on people's health and access to healthcare, in addition to other negative effects on businesses and the overall economy. The global market for exercise equipment was also impacted by IT. Closed gyms may significantly increase the culture of home-workouts and the demand for exercise equipment for the house if quarantine and social isolation measures are maintained. The main issues worldwide are the rise in health consciousness among consumers brought on by the occurrence of hazardous diseases like COVID-19 and the rising incidence of cardiovascular diseases, diabetes, and osteoarthritis. The key driver fostering the expansion of the fitness equipment market is rising consumer preference for a fit and healthy lifestyle. Additionally fuelling the market's expansion is a rise in the number of health clubs and fitness facilities around the world.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By Grade, By Distribution Channel, By End User, By Training Type
|
| Regions covered | Asia-Pacific, Europe, Middle East & Africa, North America, Latin America
|
| Companies Covered | Amer Sports Oyj, Corepump, HOIST Fitness Systems, ICON Health & Fitness Inc., Johnson Health Tech. Co., Ltd., JTX Fitness, Keiser Corporation, Louis Vuitton, Nohrd, Nordic Track, Peloton, Precor Inc., ProForm, Schwinn, Technogym Spa, Tonal Systems Inc., True Fitness, Vectra Fitness, York Barbell
|
Global Home Fitness Equipment Market Segmentation:
1. Product Type:
- Barbells & Ladders
- Elliptical and Others
- Extension Machines
- Free Weights
2. By Grade:
- Low-end Products
- Mid-grade Products
- High-end Products
3. By Distribution Channel:
- Dealers
- Online Shops
- Specialty Stores
- Other Distribution Channels
4. By End User:
- Apartments
- Condos
- Houses
- Offices
5. By Training Type:
- Cardiovascular Training Equipment
- Strength Training Equipment
- Others
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Home Fitness Equipment Market (FY’2019-FY’2032)
- Overview of Global Home Fitness Equipment Market
- Segmentation of Global Home Fitness Equipment Market By Product Type (Barbells & Ladders, Elliptical and Others, Extension Machines, Free Weights, Rowing Machines, Stationary Cycles, Treadmills, Other Training Equipment)
- Segmentation of Global Home Fitness Equipment Market By Grade (Low-end Products, Mid-grade Products, High-end Products)
- Segmentation of Global Home Fitness Equipment Market By Distribution Channel (Dealers, Online Shops, Retail Stores, Specialty Stores, Other Distribution Channels)
- Segmentation of Global Home Fitness Equipment Market By End User (Apartments, Condos, Houses, Offices, Small Gyms, Town homes, Other End Users)
- Segmentation of Global Home Fitness Equipment Market By Training Type (Cardiovascular Training Equipment, Strength Training Equipment, Others)
- Statistical Snap of Global Home Fitness Equipment Market
- Growth Analysis of Global Home Fitness Equipment Market
- Problems and Challenges in Global Home Fitness Equipment Market
- Competitive Landscape in the Global Home Fitness Equipment Market
- Impact of COVID-19 and Demonetization on Global Home Fitness Equipment Market
- Details on Recent Investment in Global Home Fitness Equipment Market
- Competitive Analysis of Global Home Fitness Equipment Market
- Major Players in the Global Home Fitness Equipment Market
- SWOT Analysis of Global Home Fitness Equipment Market
- Global Home Fitness Equipment Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Home Fitness Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1. Global Home Fitness Equipment Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Home Fitness Equipment Market
7. Global Home Fitness Equipment Market, By Product Type, 2019-2032 (USD Million)
7.1. Barbells & Ladders
7.2. Elliptical and Others
7.3. Extension Machines
7.4. Free Weights
7.5. Rowing Machines
7.6. Stationary Cycles
7.7. Treadmills
7.8. Other Training Equipment
8. Global Home Fitness Equipment Market, By Grade, 2019-2032 (USD Million)
8.1. Low-end Products
8.2. Mid-grade Products
8.3. High-end Products
9. Global Home Fitness Equipment Market, By Distribution Channel, 2019-2032 (USD Million)
9.1. Dealers
9.2. Online Shops
9.2.1. Direct Online Stores
9.2.2. Third Party Websites
9.3. Retail Stores
9.4. Specialty Stores
9.5. Other Distribution Channels
10. Global Home Fitness Equipment Market, By End User, 2019-2032 (USD Million)
10.1. Apartments
10.2. Condos
10.3. Houses
10.4. Offices
10.5. Small Gyms
10.6. Town homes
10.7. Other End Users
11. Global Home Fitness Equipment Market, By Training Type, 2019-2032 (USD Million)
11.1. Cardiovascular Training Equipment
11.2. Strength Training Equipment
11.3. Others
12. Global Home Fitness Equipment Market, By Region, 2019-2032 (USD Million)
12.1. Global Home Fitness Equipment Market Size and Market Share by Region (2019-2025)
12.2. Global Home Fitness Equipment Market Size and Market Share by Region (2026-2032)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East & Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profiles
13.1. Amer Sports Oyj
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Corepump
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. HOIST Fitness Systems
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. ICON Health & Fitness Inc.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Johnson Health Tech. Co., Ltd.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. JTX Fitness
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Keiser Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Louis Vuitton
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Nohrd
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Nordic Track
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Peloton
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Precor Inc.
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. ProForm
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Schwinn
13.14.1. Company details
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments
13.15. Technogym Spa
13.15.1. Company details
13.15.2. Financial outlook
13.15.3. Product summary
13.15.4. Recent developments
13.16. Tonal Systems Inc.
13.16.1. Company details
13.16.2. Financial outlook
13.16.3. Product summary
13.16.4. Recent developments
13.17. True Fitness
13.17.1. Company details
13.17.2. Financial outlook
13.17.3. Product summary
13.17.4. Recent developments
13.18. Vectra Fitness
13.18.1. Company details
13.18.2. Financial outlook
13.18.3. Product summary
13.18.4. Recent developments
13.19. York Barbell
13.19.1. Company details
13.19.2. Financial outlook
13.19.3. Product summary
13.19.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
