Home Fitness Equipment Market Trends, Key Players, Segmentation and Forecast 2023-2028

Posted on 22 August, 2023 by Joseph Finch

IMARC Group, a leading market research company, has recently released a report titled “Home Fitness Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global home fitness equipment market size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Home Fitness Equipment Market?

The global home fitness equipment market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.

What is Home Fitness Equipment?

Home fitness equipment refers to a range of machines and devices that are designed for exercising and working out at home. These devices include treadmills, stationary bikes, elliptical trainers, weightlifting equipment, yoga mats, and resistance bands. They allow individuals to perform various exercises and workouts at home, without the need for a gym membership or access to public fitness facilities. Home fitness equipment is purchased for personal use and is utilized used to improve cardiovascular health, build strength, and muscle, and increase flexibility and mobility.

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

The rising focus on health and wellness, coupled with increasing awareness about the benefits of exercise represents a key factor driving the home fitness equipment market growth across the globe. Moreover, With the increasing popularity of at-home workout regime, the demand for home fitness equipment is increasing significantly, thus driving the market growth. In addition to this, the impact of the COVID-19 pandemic and consequent lockdowns have led to the closure of many gyms and fitness centers, which has further facilitated the demand for home fitness equipment. The market is also driven by the increasing availability of online fitness content and the rising popularity of fitness-tracking devices. Other factors, including the continual launch of technologically advanced home fitness equipment and rising disposable incomes, are creating a positive outlook for the home fitness equipment market.

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

Based on Distribution Channel:

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

Regional Analysis:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key highlights of the report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

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