Home Fitness Equipment Market to Grow with an Impressive CAGR During the Forecast Period
Increasing
health concerned population is driving the growth in Global Home Fitness
Equipment Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Home
Fitness Equipment Market
By Type (Treadmills, Elliptical Machines, Stationary Cycles, Rowing Machines,
Others) By Category (Cardiovascular Training Equipment, Strength Training
Equipment) By Distribution Channel (Online Retail, Offline Retail) By Region,
Competition Forecast & Opportunities, 2026”, the global Home Fitness Equipment market may potentially project an
impressive growth in the forecast period, 2022-2026, with an impressive CAGR on
the account of rising number of diseases and conditions due to unhealthy
lifestyle. With their busy schedules and no time for workout attitude, the
population is at a risk of obesity, diabetes, heart disease, hypertension, and
other bone diseases. To overcome the risk, general awareness is continuously
created and enthusiasm toward workout is popularized and with the increasing health-conscious
population, the global home fitness equipment market is anticipated to grow in
the forecast years. Moreover, the geriatric population is prone to
cardiovascular diseases and for their post op trainings, cardiovascular
training equipment are in demand due to increasing geriatric population and
thereby supporting the growth of the global home fitness equipment market in
the next five years.
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The global home fitness equipment market is
segmented by type, category, distribution channel, regional distribution, and
competitional landscape. Based on the type, the market is further bifurcated
into treadmills, elliptical machines, stationary cycles, rowing machines, and others.
Treadmills are anticipated to hold the largest market segment due to popularity
of the product among the population and the cost affective advantage over other
product types. Moreover, the treadmills are available in the market with the
advanced features of the varied settings for the complete workout. Variations
like straight walks, running treadmills and inclined treadmills have added to
the consumer inclination toward the product thereby aiding the growth of the
market segment in the upcoming five years. Stationary cycles are very feasible
and smaller fitness equipment that provide easier installation and convertible
models also provide the advantage of simpler usability and easy storage for the
smaller homes that cannot afford to have separate rooms for home gyms thereby
hold the significant shares of the market and supporting the growth of the
market in the next five years.
Based on the category, the market is differentiated
between cardiovascular training equipment, and strength training equipment.
Cardiovascular training equipment are anticipated to hold the larger revenue
shares of the market and assert their dominance over the market on the account
of surge in the demand due to rising cases of cardiovascular diseases. Also,
due to COVID-19 coronavirus, the number of patients suffering from the
cardiovascular diseases and pulmonary diseases increased exponentially. To
train the heart and lung function post treatment, the cardiovascular training
equipment are utilized, and the stated factors are actively supporting the
growth of the market in the upcoming five years. Strength training equipment
are also expected to show a significant growth in the upcoming five years owing
its growth to the factors like demand from the young population that are
inclined toward athletic physique and building stamina. Moreover, the lockdown
had a severe impact over the population mental and physical health and to
overcome the setback, large population tried for a healthier method of dealing
with the lockdown thereby supporting the growth of the market in the next five
years.
Holding the major shares of the global home fitness
equipment market are Anta International Limited (Amer Sports Oyj), Nautilus
Inc., Johnson Health Tech. Co. Ltd, Origin Fitness Ltd (Anytime Leisure
Limited), Dyaco International Inc., Icon Health & Fitness, Inc., Amer
Sports Corporation, Core Health & Fitness, LLC, Technogym SPA, Echelon
Fitness Multimedia LLC, among others. Market players are actively involved in the
research and technological advancement of the fitness equipment. Various
features like monitoring the heartrate, calories, blood pressure, weight of the
body, along with the calculation of the workout performed added in the
equipment is driving the growth of the advancing fitness equipment by drawing
the consumer attention. Also, the market players can focus over the R & D
processes that provides the solution for the consumer demand thus aiding the
market players in properly popularizing and establishing their brand value in
the future market. Other strategies may include partnerships, deals, and
acquisitions among the market players.
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“Asia Pacific region is
expected to register the fastest growing CAGR in the upcoming five years owing
to the rising disposable income among the young population of the countries
like China, India, Japan, South Korea, etc. Also, economic growth in the region
has led to sedentary lifestyle and population being inclined toward fast food,
alcoholism, and smoking, leading to unhealthy lifestyles. Staying health
conscious and working out regularly is not only choice but a need in the recent
times thereby driving the population toward owning the home fitness equipment
to sustain their needs. North America is the largest market holder region in
the historical period and is anticipated to continue dominating the segment
owing to the demand of home fitness equipment due to rising instances of obesity,
diabetes, heart disease, hypertension, and other bone diseases,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Global Home Fitness
Equipment Market By Type (Treadmills, Elliptical Machines, Stationary Cycles,
Rowing Machines, Others) By Category (Cardiovascular Training Equipment,
Strength Training Equipment) By Distribution Channel (Online Retail, Offline
Retail) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global home fitness equipment and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global home fitness equipment market.
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