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With 2.38% CAGR, Home Fitness Equipment Market Growth to Surpass US$ 14.2 Billion till 2024-32

IMARC Group - Thu Dec 7, 2023

IMARC Group, a leading market research company, has recently released a report titled “Home Fitness Equipment Market Report by Product Type (Cardiovascular Training Equipment, Strength Training Equipment, Accessories), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), and Region 2024-2032.” The study provides a detailed analysis of the industry, including the global home fitness equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Home Fitness Equipment Market?

The global home fitness equipment market size reached US$ 11.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.2 Billion by 2032, exhibiting a growth rate (CAGR) of 2.38% during 2024-2032.

What is Home Fitness Equipment?

Home fitness equipment refers to a range of devices and tools designed for physical exercise within the comfort of one’s home. These products cater to individuals looking to maintain, improve, or achieve fitness goals without the need to visit a gym or fitness center. The spectrum of home fitness equipment is broad, encompassing various types of machinery and accessories. Commonly used equipment includes cardiovascular machines like treadmills, stationary bikes, and elliptical trainers, which are designed for aerobic workouts. For strength training, there are free weights such as dumbbells and barbells, resistance bands, and weight machines. Other popular items include yoga mats, stability balls, jump ropes, and equipment for Pilates. The appeal of home fitness equipment lies in its convenience and flexibility. It allows users to work out at their own pace and schedule, without the constraints of gym hours or the commute to a fitness center. This equipment is also tailored to accommodate different fitness levels, from beginners to advanced athletes. Advancements in technology have further enhanced the appeal of home fitness equipment. Many modern machines come equipped with digital features like fitness tracking, virtual classes, and connectivity to fitness apps, providing a more interactive and guided exercise experience.

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What are the Growth Prospects and Trends in the Home Fitness Equipment Industry?

The increasing awareness about the importance of physical fitness and health represents one of the key factors driving the growth of the market across the globe. People are more conscious of the need for regular exercise to maintain health, manage stress, and prevent lifestyle-related diseases. Home fitness equipment offers the convenience of exercising at any time, without the need to travel to a gym. This flexibility is particularly appealing to individuals with busy schedules or those who prefer the privacy of their home environment for workouts. The increasing integration of technology into fitness equipment, like smart treadmills and bikes that offer virtual classes, tracking features, and connectivity to fitness apps, is making home workouts more engaging and effective, which is driving the market growth. The increase in remote working and spending more time at home is leading individuals to invest in home fitness solutions as part of their daily routine which is fueling the growth of the market. The influence of social media and fitness influencers is playing a role in popularizing home workouts. Online fitness challenges and tutorials encourage more people to purchase fitness equipment. The availability of affordable and space-saving equipment makes it easier for individuals to set up a home gym, even in limited spaces, which is broadening the market reach. The market offers a wide range of products catering to different fitness levels and interests, from basic weights and yoga mats to high-end cardio machines, which are appealing to a broad customer base. Exercise is increasingly recognized for its mental health benefits, including stress reduction and improved mood. This awareness drives interest in convenient exercise options like home fitness equipment.

Who are the Key Players Operating in the the Home Fitness Equipment Market?

The competitive landscape of the industry has also been examined with some of the key players.

  • adidas AG
  • Amer Sports Corporation
  • Brunswick Corporation
  • PureGym
  • Hoist Fitness Systems Inc.
  • Icon Health & Fitness Inc.
  • Johnson Health Tech. Co. Ltd.
  • Technogym
  • True Fitness Technology Inc.
  • Vectra Fitness Inc.

What is Included in Market Segmentation?

The report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

  • Cardiovascular Training Equipment
    • Air Bike
    • Elliptical Machines
    • Punching Bag
    • Rowing Machine
    • Treadmill
    • Others
  • Strength Training Equipment
    • Ab Wheel
    • Adjustable Dumbbells
    • Adjustable Kettlebell
    • Medicine Ball
    • Mini Resistance Bands
    • Pull Up Bars
    • Weight-Lifting Bench
    • Others
  • Accessories
    • Foam Roller
    • Weighted Jump Rope
    • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others

Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore full report with TOC & List of Figureshttps://www.imarcgroup.com/request?type=report&id=2142&flag=C

Key highlights of the report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse More Reports:

https://www.imarcgroup.com/food-processing-blades-market

https://www.imarcgroup.com/fashion-influencer-marketing-market

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

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