Global Home Fitness Devices Market Size, Share and Trends Analysis Report, By Type (Cardiovascular Training Equipment, Strength Training Equipment, and Others), and By Distribution Channel (Online and Offline) Forecast Period (2022-2028)

The global Home Fitness Devices market is anticipated to grow at a CAGR of 7.5 % during the forecast period (2022-2028). Treadmills, stationary cycles, stair climbers, rowing machines, ellipticals, and free weights are gaining popularity among at-home fitness equipment during the forecast period. Due to increased health awareness, the demand for at-home fitness equipment has increased globally. Owing to this, the rising prevalence of obesity among children and adolescents has significantly created demand for the home fitness equipment market growth. For instance, according to the Centers for Disease Control and Prevention as of 2021, the obesity prevalence was 39.8% among adults aged 20 to 39 years, 44.3% among adults aged 40 to 59 years, and 41.5% among adults aged 60 and older. Furthermore, obesity-related conditions include heart disease, stroke, type 2 diabetes and certain types of cancer. These are among the leading causes of preventable, premature death.

Furthermore, an increase in urban population, rising disposable income, growing health consciousness, a growing bodybuilding trend, and an increase in government initiatives to promote a healthy lifestyle have fueled the adoption of at-home fitness equipment. For instance, in July 2018, The Central Council for Research in Yoga and Naturopathy (CCRYN) an autonomous organization under Ministry of AYUSH, opened 08 Yoga OPDs in Government hospitals in Delhi and Haryana.

The advance in technology such as incorporation of artificial intelligence (AI) and machine learning technology is propelling the growth of the global home fitness equipment market. Google and Apple are both working on smart wearable devices that can virtually guide and assist users based on health data collection. The AI-based personal trainer is expected to be the next big thing in the at-home fitness equipment market. For instance, in May 2019, Aaptiv, the workout app, launched a new AI-based personal trainer called Coach.

Exercising at home with fitness equipment saves money on gym memberships. The COVID-19 pandemic prompted people to purchase at-home fitness equipment as gyms and other fitness centres were forced to close due to strict lockdown restrictions across the globe. During the COVID-19 pandemic people became more health conscious, which has accelerated the growth of the market during the forecast period. Furthermore, sedentary lifestyles and hectic schedules have prompted the use of at-home fitness equipment. However, space constraints and high equipment costs limit market growth.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Cybex International, Precor, Technogym, Fitnessathome, Fitness World, Johnson Health Tech, NordicTrack, and

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Home Fitness Devices Market Report by Segment

By Type

• Cardiovascular Training Equipment
• Strength Training Equipment
• Others(Free Weights and Power Racks)

By Distribution Channel

• Online
• Offline

Global Home Fitness Devices Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa