Home Fitness Equipment Market to Reach USD 14.74 Billion in 2028; Introduction of Smart Treadmills to Boost Growth, reports Fortune Business Insights™

Pune, India, April 15, 2021 (GLOBE NEWSWIRE) -- The global home fitness equipment market is set to gain impetus from the increasing development of smart treadmills. They help to accurately monitor run and jog speed, as well as heart rate. They can also be easily folded for easy mobility. In February 2021, Peloton, for instance, introduced an affordable version of ‘The Tread,’ a smart treadmill in the U.S. in May. Fortune Business Insights™ presents this information in a new report, titled, “Home Fitness Equipment Market, 2021-2028.” As per the report, the home fitness equipment market size is projected to grow from USD 10.73 billion in 2021 to USD 14.74 billion in 2028 at a CAGR of 4.6% in the forecast period. It stood at USD 10.18 billion in 2020.


COVID-19 Pandemic: Closure of Gymnasiums to Surge Sales of Home Fitness Equipment

The COVID-19 pandemic has surged the number of people working out at the comfort of their homes. Stringent lockdown norms by regulatory bodies in various countries have resulted in the temporary closure of public gymnasiums and fitness institutes. As per Business Wire, as of May 2020, the sales of home fitness equipment showcased a growth of 170% amid the pandemic. Our reports will deliver accurate information about the current status of the industry.


List of the Leading Companies Profiled in the Global Home Fitness Equipment Market are:

  • Icon Health & Fitness, Inc. (Utah, United States)
  • Johnson Health Tech Co., Ltd. (Wisconsin, United States)
  • Amer Sports Corporation (Helsinki, Finland)
  • Core Health & Fitness, LLC (Washington, United States)
  • Nautilus, Inc (Washington, United States)
  • Technogym S.p.A. (Italy)
  • Hoist Fitness Systems (California, USA)
  • Fitness World AS (Denmark)
  • HAMMER SPORT AG (Germany)
  • Rogue Fitness. (Ohio, United States)


Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/home-fitness-equipment-market-105118


Segmentation-

Cardiovascular Training Equipment Segment Held the Largest Share in 2020

Based on the sales channel, the market for home fitness equipment is segregated into offline and online. By type, it is divided into strength training equipment and cardiovascular training equipment. Out of these, the cardiovascular training equipment segment generated the largest home fitness equipment market share in 2020. This growth is attributable to the rising utilization of the equipment as they help in improving the health of those living with high blood pressure, diabetes, and heart diseases.


Report Coverage-

The research report of the home fitness equipment industry presents in-depth information about value chain optimization, recent developments, import & export analysis, market share, production analysis, trade regulations, strategic growth analysis, impact of domestic and localized organizations, application niches, geographical expansions, emerging revenue pockets, technological innovations, product approvals, and category market growths.


Key Drivers & Restraints-

Increasing Need to Prevent Diabetes and Cancer will Favor Growth

The increasing cases of obesity across the globe are expected to propel the home fitness equipment market growth in the near future. The Behavioral Risk Factor Surveillance System (BRFSS) mentioned that as of September 2020, adult obesity rates now exceed 25% in 48 states, 30% in 35 states, and 35% in 12 states. Apart from that, the rising awareness of the benefits of regular exercising to prevent numerous health issues, such as cancer, diabetes, and heart diseases would accelerate the demand for home fitness equipment. However, in low and middle-income countries, the equipment is not so popular because of its high cost. It may hinder growth.


Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/home-fitness-equipment-market-105118


Regional Insights-

Rising Demand for Million-dollar Homes to Help North America Dominate

Geographically, North America procured USD 3.55 billion in terms of revenue in 2020. This growth is attributable to the rising number of million-dollar homes. It is surging the demand for home gymnasiums. Also, the presence of prominent home fitness equipment companies, such as Cybex International, Life Fitness, and Precor Incorporated in the region would bolster growth. Asia Pacific, on the other hand, is expected to exhibit a significant growth throughout the forthcoming years. Increasing government initiatives to promote health and physical education in schools and colleges will augment growth. In December 2019, the Press Information Bureau Government of India, for instance, declared that for grade-1 to grade-10, health and physical education will be mandatory.


Competitive Landscape-

Key Players Focus on Acquisition Strategy to Co-develop New Products & Compete with Rivals

The global market for home fitness equipment houses a large number of reputed manufacturers. Most of them are participating in the acquisition strategy to develop unique products for gaining more shares.


Below are the two latest industry developments:

  • December 2020: Peloton acquired Precor, an exercise equipment manufacturer for USD 420 million. It will help the company to meet promised delivery windows and speed up production.
  • June 2020: Lululemon planned to acquire Mirror, an in-home fitness company for USD 500 million to strengthen its position and sell more workout apparel & equipment.


Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/home-fitness-equipment-market-105118


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Overview of the Parent/Related Markets
    • Industry SWOT Analysis
    • Supply Chain and Regulatory Analysis
    • Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
    • Qualitative Analysis (In relation to COVID)
  • Global Home Fitness Equipment Market Analysis, Insights, and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Type (Value)
        • Cardiovascular Training Equipment
        • Strength Training Equipment
      • By Sales Channel (Value)
        • Online
        • Offline
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa

TOC Continued…!


Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/home-fitness-equipment-market-105118


Have a Look at Related Research Insights:

Bicycle Market Size, Share & COVID-19 Impact Analysis, By Type (Road, Mountain, Hybrid, and Others), Technology (Electric and Conventional), End-User (Men, Women, and Kids), and Regional Forecast, 2020-2027

Sports Drink Market Size, Share & Industry Analysis, By Type (Isotonic, Hypotonic, and Hypertonic), Brand (Gatorade, Powerade, and Others), Packaging Type (Metal, PET/Plastic, and Glass), Distribution Channel (Supermarket/Hypermarket and Online Channel), and Regional Forecasts, 2019 – 2026


About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.


Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Emailsales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.