Global Home Fitness Equipment Market 2023-2027
The home fitness equipment market is forecasted to grow by USD 3,080.71 mn during 2022-2027, accelerating at a CAGR of 9% during the forecast period. The report on the home fitness equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for home fitness equipment, rising obese population, and product innovation leading to portfolio extension and product premiumization.
Technavio's home fitness equipment market is segmented as below:
By Distribution Channel
- Cardiovascular training equipment
- Strength training equipment
By Geographical Landscape
- North America
- South America
- Middle East and Africa
This study identifies the increasing smartphone penetration as one of the prime reasons driving the home fitness equipment market growth during the next few years. Also, rising demand for home fitness equipment from developing economies and growing awareness about lifestyle diseases will lead to sizable demand in the market.
The report on the home fitness equipment market covers the following areas:
- Home fitness equipment market sizing
- Home fitness equipment market forecast
- Home fitness equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home fitness equipment market vendors that include ANTA Sports Products Ltd., Core Health and Fitness LLC, Decathlon SA, Dyaco International Inc., HOIST Fitness Systems Inc., Icon Health and Fitness Inc., Impulse Qingdao Health Tech Co. Ltd., Johnson Health Tech Co. Ltd., Life Fitness, Nautilus Inc., Origin Fitness Ltd., Paradigm Health and Wellness Inc., Rama Enterprises, TECHNOGYM SpA, Torque Fitness, True Fitness Technology Inc., Tunturi New Fitness BV, Wattbike Ltd., WOODWAY Inc., and XMark Fitness. Also, the home fitness equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.