Europe is anticipated to grow with robust CAGR of 7.6% during the forecast period 2021–2027
According to a new report published by Allied Market Research, titled, “At-Home Fitness Equipment Market by Product Type, Distribution Channel, End User, and Price Point: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the at-home fitness equipment market size is expected to reach $11,459 million by 2027 at a CAGR of 7.8% from 2021 to 2027.
Cardiovascular fitness equipment with smarter workout tracking, and entertainment features are expected to attract more customers in developing countries such as India and China, due to price sensitivity. However, the developed markets are anticipated to be driven by high-end equipment with advanced and sophisticated user engagement and monitoring feature
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Growth Drivers and opportunities :-
Rise in awareness regarding health & fitness, increase in obese population, government initiatives to promote healthy lifestyle, and increase in youth population are the major factors that drive the growth of the global at-home fitness equipment market. Moreover, upsurge in youth population, improved lifestyle, and rise in disposable income of individual in developing countries are anticipated to offer immense opportunities for the market players
Fitness equipment are widely used for physical fitness, weight management, and improving body stamina & muscular strength. The commonly used at-home fitness equipment are treadmills, stationary cycles, stair climbers, rowing machines, elliptical, and free weights.
An alarming rise in global obesity, especially in urban areas, supplements the growth of the at-home fitness equipment market. According to WHO, in 2016, around 1.9 billion adults were overweight and of these around 650 million were obese. Obesity is associated to a number of health issues or disorders such as sudden cardiac arrest, hypertension, hypotension, and diabetes. Therefore, to lose weight, reduce stress, and improve blood circulation, obese people tend to use more of fitness equipment, thereby increasing the sales for these products.
Further, the growing adoption of artificial intelligence (AI) and machine learning technology in the at-home fitness equipment is driving the global at-home fitness equipment market. It is expected that the AI based personal trainer is the upcoming trend in the at-home fitness equipment market. Tech giants such as Google and Apple are engaged in developing their smart wearable devices that can virtually guide and assist its users based on health data collection. This will boost the at-home fitness equipment market in future.
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Key findings :-
North America dominates in terms of at-home fitness equipment market share and is expected to retain its dominance during the forecast period.
In 2019, based on product type, the cardiovascular training equipment segment leads in terms of market share, and is expected to gain market share in the upcoming years
The free weights segment is poised to grow at highest CAGR during the forecast period.
Households segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 9.6% during the forecast period.
Based on region, Europe is anticipated to grow with robust CAGR of 7.6% during the forecast period.
Some of the key players in the fitness equipment market analysis includes :-
Tonal Systems, Inc.,
ICON Health & Fitness, Inc.,
NOHrD, Nordic Track
ProForm, Precor, Inc.
Schwinn, JTX Fitness
Corepump, and York Barbell
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1.2.Key benefits for the stakeholder
1.3.Key market segments
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Market Share Analysis/Top Player Positioning 2019
22.214.171.124.Upsurge in young population in developing region
126.96.36.199.Increase in government initiatives to promote healthy lifestyle
188.8.131.52.Rise in prevalence of obesity
184.108.40.206.Multifunctional at-home equipment are suitable for households
220.127.116.11.Renting of fitness equipment
18.104.22.168.High cost of at-home fitness equipment
22.214.171.124.Alternatives to home workout
126.96.36.199.Development of connected fitness device technology
188.8.131.52.Use of virtual reality (VR) in at-home fitness equipment
3.6.At-Home Fitness Equipment Market: Covid-19 Impact Analysis
3.7.Non-Weight Based Strength Equipment: Competition Dashboard
3.8.Global fitness equipment market vs. At-home fitness equipment: comparison matrix
3.9.At-Home Fitness Equipment Market: Price Point Analysis By Product Type (2020)
FREQUENTLY ASKED QUESTIONS?
Q1. What will be the At-Home Fitness Equipment market Size From 2021 to 2027?
Q2. Which are the top companies in the At-Home Fitness Equipment Market?
Q3. How can I get sample report of At-Home Fitness Equipment Market?
Q4. What is the CAGR of At-Home Fitness Equipment Market?
Q5. Which is the base year calculated in the At-Home Fitness Equipment market report?
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