Our comprehensive research on the Global At-Home Fitness Equipment Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global at-home fitness equipment market size was US$ 7.1 billion in 2021. The global at-home fitness equipment market is forecast to grow to US$ 12.8 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The growing awareness about a healthy lifestyle will primarily propel the growth of the global at-home fitness equipment market. In addition to that, busy schedules will also drive the demand for the at-home fitness equipment market over the forecast period.
The availability of a wide range of multifunctional fitness equipment will contribute to the market growth. Companies are also working on developing more efficient multifunctional fitness equipment that requires less space and is capable for multiple types of workouts. As a result, it will boost the growth of the at-home fitness equipment market.
High disposable income and rising interest in workouts and gyms will also surge the growth of the at-home fitness equipment market during the study period. On the contrary, the availability of various alternatives to home workouts may limit the market growth during the study period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, governments of various countries imposed lockdown, which forced gym operators to close their doors. As a result, the demand for at-home fitness equipment also increased. Moreover, doctors also emphasized the high requirement to work out and exercise regularly. Thus, it surged the growth of the at-home fitness equipment market. Celebrities and fitness experts adopted social media platforms as a way to influence others and demonstrate their skills. The demand for at-home fitness equipment also surged due to this factor. After the pandemic, fitness has become a major priority for the people. Thus, it will benefit the at-home fitness equipment market even in the coming years.
On the basis of Region, North America is expected to dominate the global at-home fitness equipment market. It is majorly due to the presence of a wide range of fitness enthusiasts in the region. Furthermore, many professionals in the region offer online training to the people, which is likely to lead the at-home fitness equipment market forward. Technological advancements and growing disposable income will also contribute to the growth of the at-home fitness equipment market. In addition, growing health-cautiousness among people will surge the demand for home exercise. As a result, the market for at-home fitness equipment will witness lucrative growth opportunities during the study period.
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Competitors in the Market
- ICON Health & Fitness, Inc.
- Tonal Systems, Inc.
- Louis Vuitton
- Precor, Inc.
- Nordic Track
- JTX Fitness
- Keiser Corporation
- York Barbell
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the At-Home Fitness Equipment industry experienced notable growth in its workforce. Starting in January, employment within the At-Home Fitness Equipment sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global At-Home Fitness Equipment output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sectors production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global At-Home Fitness Equipment output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global At-Home Fitness Equipment market, remains both its largest producer and consumer. Remarkably, Chinas market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nations GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the At-Home Fitness Equipment market.
The global at-home fitness equipment market segmentation focuses on Product, Distribution Channel, End-Users, Price, and Region.
By Product Type Outlook
- Cardiovascular Training Equipment
- Stationary Cycles
- Rowing Machines
- Free Weights
- Power Racks
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By Distribution Channel Outlook
By End-Users Outlook
- Gym in Apartment
By Price Outlook
By Regional Outlook
- North America
- The U.S.
- Western Europe
- The UK
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global At-Home Fitness Equipment Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global At-Home Fitness Equipment Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global At-Home Fitness Equipment Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global At-Home Fitness Equipment Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level At-Home Fitness Equipment market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the At-Home Fitness Equipment market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of At-Home Fitness Equipment business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
? Assisting businesses in gauging the viability of new or existing products or services.
? Facilitating business enterprises in the identification and cultivation of novel market segments.
? Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
? Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
? Analyzing market trends to aid businesses in devising adaptive strategies.
? Guiding businesses in the optimal placement of their products.
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