Global Home Fitness Equipment Market Size & Growth (2020 - 2025)
The global home fitness equipment market reached almost USD xx billion in 2020 and is expected to reach nearly USD xx billion by 2025, growing with an annual compound rate of approximately 6.2% from 2020 to 2025.
The Home Fitness Equipment consists of machines and devices to help control physical exercise. Physical fitness includes all aspects of life and health that affects our physical, mental and social health. A healthy and fit person can perform general life activities, such as work, but has enough energy and vitality to respond to emergencies and enjoy leisure activities. They will help control our weight, improve fitness, strengthen muscles and solve some medical problems.
Recent Developments and Trends
Market Drivers
The global Home Fitness Equipment Market is dominated by product innovations from leading companies that allow a growing population aware of exercise and home workouts around the world. The recent growth observed in the Home Fitness Equipment business is due to the increased health awareness among youth and adult groups. Doctors and governments of countries are continually working to promote the benefits of physical fitness, thus creating health awareness in society. Recently, diabetes, heart disease and cholesterol problems have risen. In addition, obesity in developed countries is a paramount concern. These factors are driving the Home Fitness Equipment Market in developed regions such as North America and Europe.
Scientific research on the structure of the human body promotes innovation and the development of fitness equipment, improving fitness activities and providing better results. An intense workout is an essential factor in increasing stress among people in the world today. Also, the demand for Home Fitness Equipment has increased due to improved lifestyles and increased spending on exercise activities as a result of economic growth. Companies work with a variety of physical training centers to provide their employees with fitness facilities. Population growth in developing countries is another reason for the rapid growth of the Home Fitness Equipment industry.
Restraints
However, the high cost of the machinery mainly affects the growth of the global Home Fitness Equipment Market.
Market Segmentation
The Home Fitness Equipment Market is segmented based on the type of equipment and end-user.
Regional Analysis
The global market has been segmented by North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America home fitness equipment market dominated with a high market share due to personal care costs and increased spending in most gym centers. With greater awareness of a healthy lifestyle and higher disposable income, North America has dominated the global market.
The Asia-Pacific home fitness equipment market is supposed to grow at a high growth rate during the forecast period, with an emphasis on increasing healthcare costs, increasing the need for qualified gym coaches, improving quality of life and the development of technology for making fitness equipment.
Top Leading Company
Technogym continues to seek the growth of weapons through mergers and acquisitions and joint ventures with other players.
Key Players
Key industry participants in the Home Fitness Equipment Market include Technogym, Brunswick Corporation, Amer Sports (Precor), Cybex International Inc., Nautilus Inc., Johnson Health Tech, Paramount, and Torque.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Home Fitness Equipment Market, By Equipment Type
6.1.1 Cardiac-Respiratory Equipment
6.1.2 Muscular Equipment
6.1.3 Flexibility Equipment
6.1.4 Body Fitness Equipment
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Home Fitness Equipment Market, By End-User
6.2.1 Hospitals
6.2.2 Gym Centers/Health Clubs
6.2.3 Homecare
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Equipment Type
7.2.3 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Equipment Type
7.3.3 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Equipment Type
7.4.3 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Equipment Type
7.5.3 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Equipment Type
7.6.3 By End-User
8. Key Player Analysis
8.1 Technogym
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Brunswick Corporation
8.3 Amer Sports
8.4 Cybex International Ltd
8.5 Nautilus Inc
8.6 Johnson Health Tech
8.7 Paramount
8.8 Torque
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
