A recent report on Home fitness equipment Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Home fitness equipment Market is valued at USD 11.16 Billion in 2018 and expected to reach USD 23.27 Billion by 2025 with the CAGR of 13.1% over the forecast period.
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Scope of Global Home fitness equipment Market Report–
Home fitness equipment is any machine or equipment needed for physical exercise to control overall weight, improve physical strength, and build muscle, but can be used or installed at home. Home gym equipmentare the ultimate accessories for the fitness enthusiast these days. Having fitness equipment at home has many benefits such as saves time, comfortability and privacy, easy and safe to use, unlimited time of exercise, and also saves money over long term. The gym membership rates have surged enormously, and with one time investment, an individual can save lots of money over long period by not paying gym membership fees. It also saves lot of time by not having to gym and wait in the queue for using the equipment, this specially is really useful to working professional who find it difficult to manage healthy lifestyle in hectic schedules. The commonly used home fitness equipment consists of treadmills, elliptical, stationary bicycles weightlifting machines as well as strength building machines, and others. Home fitness equipment are available in multiple variants with cables and adjustable pulleys which provides options for abdominal, arm, shoulder back, chest exercises, leg press, and calf raises offering customization in a single multipurpose machine.
Global Home fitness equipment market is segmented on the basis ofproduct type, distribution channel, application and by region. Based on producttype,the market is segmentedintotreadmills, elliptical machines, stationary cycle’s rowing machines, strength training equipment and other.Based ondistribution channel,the market is segmented intoretail stores, online retail stores, direct selling. Based on the applications, the market is segmented intohome users, healthcare clubs/gyms and commercial.
The regions covered in this Home fitness equipmentmarketreport are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Home fitness equipmentmarketis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players forGlobal Home fitness equipment Market Report–
Key players of the Home fitness equipmentmarketare Nautilus Inc, TRUE Fitness Technology Inc, Johnson Health Tech Co, Torque Fitness LLC, Woodway, TechnogymSpA, PrecorInc, NordicTrak, Impulse (Qingdao) Health Tech Co Ltd, Core Health and Fitness LLC, Icon Health & Fitness Inc, Brunswick Corporation and Amer Sports.
News:
Nautilus’s Octane Trifecta provides Health Clubs and Exercisers with New HIIT Experience
On November 14th, 2019; Nautilus, Inc. a leader in home fitness innovation for over 40 years had announced that Octane Fitness has provided fitness facilities and exercisers with a new aerobic exercise program that adds diversity and training for small group training, HIIT, touring exercises, etc. By using Octane Rō to apply its intelligent engineering technology and iconic qualities to indoor rowing, Octane now provides a holistic, low-impact solution for HIIT workouts on elegant and attractive rowers with innovative and thoughtful features. Additional features. Nautilus is delighted to promote the participation of indoor rowing with its unique Rō design and performance, while the powerful Octane Trifecta is a one stop shop, so that the fitness center can meet the needs of functional training and has the potential to increase revenue and retention, Equipped with a series of intuitive, demanding and compact fitness equipment.
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Global Home fitness equipment Market Dynamics-
Preventive health care, coupled with a growing preference for personalized exercise programs (including exercise time) and a comfortable environment at home, as clients want to exercise every day, is boosting the growth of global home fitness equipment market. There has been significant increase in the healthcare spending and rising health consciousness are another factors stimulating the growth of home fitness equipment market. As per American medical association (AMA), the health care spending increased by around 3.9% in year 2017 to $3.5 trillion in US.Surging number of deaths caused due to obesity is increasing concerns among the population which is prompting them to adopt cardiovascular training equipment.As per the Health Survey for England conducted in 2014, 61.70% of the adults were obeseConsumers are eating more and more healthy foods and adopting strict exercise methods to help control body weight, skin health, boost immunity and increase energy levels, thereby improving overall health of the body.However, the limitation of space at home primarily for bulk fitness equipment and the high initial cost involved are the factors that is restraining the growth of global home fitness equipment market. There is significant opportunity in mainly the urban, semi-urban and metro cities where in the residential complexes are adopting equipment’s in their clubs.
Asia pacificis expectedto Witness the Fastest Growth inthe Global Home fitness equipment Market
North Americahas been the market leaderso far followed by Europe region and it is expected that North America remains dominant in future as well in the Global Home fitness equipment market with the increasing popularity of people’s health, weight management and physical and muscle training methods coupled with increase in consumer awareness of health. The rising percentage of the obese population and increase in health concerns are also driving the growth of this market. As per the data by National Health and Nutrition Examination Survey, in 2016, around 39.6% of American adults were facing obesity issues. Moreover, the presence of numerous health clubs and the corporate adoption of healthy living at workplaces, in the region is predicted to boost the growth of home fitness equipment market.Due to population growth and rapid urbanization in countries like China and India, the fitness equipment market in the Asia-Pacific region is expected to experience the highest growth over the forecasted period. In addition, it is believed that the younger generation’s preference for bodybuilding will promote the growth of the fitness equipment market in the APAC region.
Key Benefitsfor Global Home fitness equipment Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Complete Report Details @ https://industrystatsreport.com/Consumer-Goods/Home-fitness-equipment-Market-Size/Summary
Global Home fitness equipment Market Segmentation:–
By product type:
Treadmills
Elliptical machines
Stationary cycles rowing machines
Strength training equipment
Other
By distribution channel:
Retail stores
Online retail stores
Direct selling
By Application:
Home consumer
Health clubs
Commercial users
By Regional & Country Analysis: (North America, U.S., Canada, Europe, U.K., France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Home fitness equipment Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Home fitness equipment Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Home fitness equipment Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Home fitness equipment Market Overview: Quantitative Analysis
4. Chapter – Global Home fitness equipment Market Analysis: Segmentation By Type
5. Chapter – Global Home fitness equipment Market Analysis: Segmentation By Application
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