Global At-Home Fitness Equipment Market: Trends, Drivers, and Forecasts to 2027

Market Overview

The prevalence of obesity and overweight is rising dramatically across the globe and has nearly tripled since 1975. Obesity is among one of the leading causes of death worldwide as obese people are prone to many serious health conditions and illnesses. For instance, as per CDC, More than 9,00,000 adult COVID-19 hospitalizations occurred in the United States between the beginning of the pandemic and November 18, 2020. Models estimate that 271,800 (30.2%) of these hospitalizations were attributed to obesity. Owing to these facts, there is increasing awareness among consumers to shed off the extra kilos. Consequently, there is a growing demand for at-home fitness equipment as more and more people are opting to do physical exercises at their own pace at home which is further boosting the market growth globally.

According to UnivDatos Market Insights, Global At-home Fitness Equipment Market was valued at US$ 11.15 billion in 2022 and displaying an elevated CAGR of 5.5% over the forecast period (2023-2030).

Furthermore, The demand for fitness equipment is increasing in the region on account of the rising population including youth consumers as people of this age are more conscious about their well-being and spend more on the fitness equipment. Additionally, with the advancement in technology and rapid urbanization across the globe, fitness tools are becoming an integral part of their daily lives. For instance, in 2020, almost 56.15% of the total population was living in urban areas, up from 52% in 2011. Also, the world’s population reached 7.7 billion in mid-2019, having added one billion people since 2007 and two billion since 1994.

By Product Type, the market is primarily fragmented into

·??????? Cardiovascular Training Equipment

?? Treadmills

?? Elliptical Machines

?? Stationary Cycles

?? Rowing Machines

·??????? Strength Training Equipment

·??????? Others

Amongst Product Types, the cardiovascular training equipment segment of the global at-home fitness equipment market was valued at USD billion in 2020 and is likely to reach USD billion by 2027 growing at a Good CAGR from 2021-2027. Further, this segment is also sub-segmented into treadmills, elliptical machines, stationary cycles, and rowing machines.

By Sales Channel, the market is primarily segmented into

·??????? Online

·??????? Offline

By Sales Channel, the offline segment dominated the global at-home fitness equipment market and will row at Good CAGR to reach USD billion by the year 2027. However, the online segment is also anticipated to grow at a considerable CAGR during the forecast period.

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By End-User, the market is primarily segmented into

·??????? Households

·??????? Apartments

By End-User, the apartments segment dominated the global at-home fitness equipment market and will row at good CAGR to reach USD billion by the year 2027. However, the household segment is also expected to grow at a good CAGR during the projected timeframe.

At-home Fitness Equipment Market Geographical Segmentation Includes:

·??????? North America (United States, Canada, and Rest of North America)

·??????? Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)

·??????? Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)

·??????? Rest of the World

Geographically, the North America region dominated the at-home equipment market with almost USD billion revenue in 2020 owing to the increasing disposable income of the consumers and the number of key players in the region.

The major players targeting the market includes

·??????? Icon Health & Fitness Inc.

·??????? Core Health & Fitness LLC

·??????? Johnson Health Tech Co. Ltd.

·??????? Decathlon

·??????? Technogym SpA

·??????? Nautilus Inc.

·??????? Echelon Fitness Multimedia LLC

·??????? TRUE Fitness

·??????? Dyaco International Inc.

·??????? Rogue Fitness

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Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the at-home fitness equipment market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

? What are the latest trends, new patterns, and technological advancements in the at-home fitness equipment market?

? Which factors are influencing the at-home fitness equipment market over the forecast period?

? What are the global challenges, threats, and risks in the at-home fitness equipment market?

? Which factors are propelling and restraining the at-home fitness equipment market?

? What are the demanding global regions of the at-home fitness equipment market?

? What will be the global market size in the upcoming years?

? What are the crucial market acquisition strategies and policies applied by global companies?

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