The global home fitness equipment market is expected to grow from $6.76 billion in 2019 to $9.49 billion in 2020 at a compound annual growth rate (CAGR) of 40.4%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and other commercial activities that paved way for increasing demand for fitness equipment for home-based workouts and improvement of online fitness content. The market is expected to stabilize and reach $8.62 billion in 2023 at a CAGR of -3.16%.
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Home fitness equipment includes devices and machines used for performing and monitoring physical exercises at home for management of weight, improving stamina, developing muscle strength, improving appearance and personality, burning excess fat, simulating heart rate, or treating and recovering from medical conditions and to maintain overall health and fitness. The market consists of revenue generated by the companies manufacturing home fitness equipment by the sales of these products.
Global Home Fitness Equipment Market Segmentation –
The home fitness equipment market covered in this report is segmented
1) By Product: Treadmills, Elliptical Machines, Rowing Machines, Strength Training Equipment, Others
2) By Applications: Home, Small Gyms, Offices, Others
Global Home Fitness Equipment Market Drivers –
Precautionary healthcare coupled with increasing preference for customized workout regimes has contributed to the growth of the home fitness equipment market. Today, people are inclined towards maintaining an active lifestyle with regular exercise which helps maintain healthy weight and decrease the risk of chronic diseases.
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A Few Points From The Global Home Fitness Equipment Market ToC
1. Executive Summary
2. Home Fitness Equipment Market Characteristics
3. Home Fitness Equipment Market Size And Growth
3.1. Global Home Fitness Equipment Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Home Fitness Equipment Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Home Fitness Equipment Market Segmentation
5. Home Fitness Equipment Market Regional And Country Analysis
5.1. Global Home Fitness Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Home Fitness Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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