Global Home Fitness Equipment Market Size 2024, Forecast To 2033
11 Mar, 2024
The home fitness equipment market has witnessed robust growth, expanding from $16.63 billion in 2023 to $18.29 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.9%. This growth in the historic period is attributed to the growth in emerging markets, the rising prevalence of chronic diseases, increased disposable income, the surge in online fitness apps, and a heightened awareness of health consciousness. Looking ahead to 2028, the market is poised for continued strength, projected to reach $27.39 billion at an increased CAGR of 10.6%. Anticipated factors fueling this growth include government support, global population growth, urbanization, an increasing number of high-net-worth individuals, the rising penetration of smart devices, and a growing incidence of obesity. Key trends in the forecast period encompass a focus on collaborations and acquisitions, the integration of artificial intelligence (AI), product innovations, technological advancement, and the introduction of virtual reality fitness equipment.
Global Home Fitness Equipment Market Key Driver
Precautionary healthcare, coupled with a growing preference for personalized workout routines, has fueled the expansion of the home fitness equipment market. In today's society, people are increasingly committed to maintaining an active lifestyle through regular exercise, aiming to sustain a healthy weight and mitigate the risk of chronic diseases. The Mayo Clinic recommends 150 to 300 minutes of moderate-intensity activity weekly, encompassing activities like brisk walking or swimming, as a crucial aspect of preventive care to prevent weight gain. With a rising inclination towards tailored workout plans and the guidance of online experts, individuals are seeking individualized training courses to meet their specific needs. In 2023, the home fitness equipment market is thriving, driven by the surge in demand resulting from preventive and precautionary healthcare measures, reaching a market size of [2023 value].
Get A Free Sample Of The Global Home Fitness Equipment Market ReportGlobal Home Fitness Equipment Market Segments
The home fitness equipment market covered in this report is segmented –
1) By Product: Treadmills, Elliptical Machines, Rowing Machines, Strength Training Equipment, Other Products
2) By Distribution Channel: Offline Retail Stores, Online, Direct Selling
3) By Application: Home, Small Gyms, Offices, Other Applications
By Geography:The regions covered in the home fitness equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
Asia-Pacific was the largest region in the home fitness equipment market in 2023. Western Europe was the second largest region in the global home fitness equipment market. The regions covered in the home fitness equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Home Fitness Equipment Industry Players
Peloton Interactive, Inc, Life Fitness, Johnson Health Tech, Nautilus, Inc, Technogym S.p.A, Rogue Fitness, Tonal, Dyaco International Inc., Impulse (Qingdao) Health Tech, Decathlon SA, Johnson Fitness & Wellness, Impulse Fitness, Yanre Fitness China, WNQ Fitness, DHZ Fitness, SHUA Fitness, Nortus Fitness Equipment, Body Strong, Shuhua Sports Co., Ltd, Senoh Corporation, Designpark Corp, AlphaFit, Huixiang Fitness Equipment, FitXR, MoveGB, Virtuagym, VIXY BV, ClassPass, Fitbit Inc, Fitness Division Company, LLC, Wexer Virtual, Planet Fitness Franchising LLC, Gold's Gym, Carolina Scales Inc, NordicTrack, HOIST Fitness Systems, Anytime Fitness LLC, OX Fitness Club, AYO Fitness Club, Academia Bio Ritmo, Bodytech Sports Medicine, Dynamic Health and Fitness, Lifeline Wellness, Vogue Fitness, FitRepublik, Matrix Fitness South Africa, Express Fitness, Fitzone, NRG Fitness, Planet Fitness
Get The Full Global Home Fitness Equipment Market Report
Home Fitness Equipment Market Overview
Home fitness equipment refers to any equipment or tool used during physical activity at home to improve the experience or results of a workout regimen by adding fixed or adjustable quantities of resistance or to otherwise improve the strength or conditioning effects of that exercise.
Home Fitness Equipment Global Market Report 2023 provides data on the global home fitness equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The home fitness equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.