Global Home Fitness Equipment Market 2017-2021
About Home Fitness Equipment
Fitness equipment consist of machines for workout and devices that help in monitoring physical exercises. These equipments help in weight management, improving stamina, developing muscular strength, and also in dealing with a few medical issues. Some of the commonly used fitness equipment are treadmills, stair climbers, weightlifting machines, and stationary bicycles.
Technavio’s analysts forecast the global home fitness equipment market to grow at a CAGR of 5.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global home fitness equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from home fitness equipment, which includes cardiovascular and strength training equipment, has been considered.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Home Fitness Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global home fitness equipment market: Cybex International, Nautilus, Precor, and Technogym.
Other Prominent Vendors in the market are: Fitnessathome, Fitness World, Johnson Health Tech, NordicTrack, ProForm, TRUE Fitness, Vectra Fitness, Woodway, and HOIST Fitness Systems.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growth in online sales. People prefer to shop online for the convenience it offers. Moreover, the prices offered are often lower online, compared with that offered by brick and mortar stores, because of a reduction in overhead costs. Many international and regional vendors are selling their gym equipment online, which also helps in promoting their products and enhancing brand visibility. Online retailing has become one of the most important channels for the sale of retail goods and services.”
According to the report, one of the major drivers for this market is increased awareness about importance of health and fitness. The demand for fitness equipment such as cardiovascular and strength training equipment is on the rise with the rise in awareness about health and fitness. Regularly working out helps in burning calories and staying fit. Consumers are increasingly becoming aware of the importance of exercising and the new and advanced equipment available for the same through media and campaigns.
Further, the report states that one of the major factors hindering the growth of this market is limitations of cardiovascular equipment. Resistance exercises are growing in popularity as a complete fitness program. For instance, adding dumbbells to a treadmill exercise, using an elliptical with arm poles, or exercise bike workout can help increase resistance benefits during workouts. The other reason for the growing adoption of resistance exercises is that cardiovascular equipment is not suitable for everyone. For instance, the cushioned surface of a treadmill may still inflict a jarring impact on the back; and stress the hip, knee, and ankle joints. Space constraints in urban areas is also a drawback; this equipment take up a lot of space. The sophisticated treadmills and elliptical are around 36 inches wide and 72 inches long and generally do not fold up.
Cybex International, Nautilus, Precor, Technogym, Fitnessathome, Fitness World, Johnson Health Tech, NordicTrack, ProForm, TRUE Fitness, Vectra Fitness, Woodway, and HOIST Fitness Systems.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook