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List of Figures:
Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031
Figure 4. Global Home Fitness Equipment Market, 2021-2031, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Global Home Fitness Equipment Market
Figure 7. Forecast of Middle-class Population by Region, 2015-2030, million
Figure 8. Primary Restraints and Impact Factors of Global Home Fitness Equipment Market
Figure 9. Investment Opportunity Analysis
Figure 10. Porter’s Fiver Forces Analysis of Global Home Fitness Equipment Market
Figure 11. Breakdown of Global Home Fitness Equipment Market by Product Type, 2021-2031, % of Revenue
Figure 12. Global Addressable Market Cap in 2022-2031 by Product Type, Value ($ mn) and Share (%)
Figure 13. Global Home Fitness Equipment Market by Product Type: Cardiovascular Training Equipment, 2021-2031, $ mn
Figure 14. Global Home Fitness Equipment Market by Cardiovascular Training Equipment: Stationary Cycles, 2021-2031, $ mn
Figure 15. Global Home Fitness Equipment Market by Cardiovascular Training Equipment: Treadmills, 2021-2031, $ mn
Figure 16. Global Home Fitness Equipment Market by Cardiovascular Training Equipment: Rowing Machines, 2021-2031, $ mn
Figure 17. Global Home Fitness Equipment Market by Cardiovascular Training Equipment: Elliptical and Others, 2021-2031, $ mn
Figure 18. Global Home Fitness Equipment Market by Product Type: Strength Training Equipment, 2021-2031, $ mn
Figure 19. Global Home Fitness Equipment Market by Strength Training Equipment: Free Weights, 2021-2031, $ mn
Figure 20. Global Home Fitness Equipment Market by Strength Training Equipment: Barbells & Ladders, 2021-2031, $ mn
Figure 21. Global Home Fitness Equipment Market by Strength Training Equipment: Extension Machines, 2021-2031, $ mn
Figure 22. Global Home Fitness Equipment Market by Strength Training Equipment: Other Strength Training Equipment, 2021-2031, $ mn
Figure 23. Breakdown of Global Home Fitness Equipment Market by Grade, 2021-2031, % of Sales Revenue
Figure 24. Global Addressable Market Cap in 2022-2031 by Grade, Value ($ mn) and Share (%)
Figure 25. Global Home Fitness Equipment Market by Grade: Low-end Products, 2021-2031, $ mn
Figure 26. Global Home Fitness Equipment Market by Grade: Mid-grade Products, 2021-2031, $ mn
Figure 27. Global Home Fitness Equipment Market by Grade: High-end Products, 2021-2031, $ mn
Figure 28. Breakdown of Global Home Fitness Equipment Market by End User, 2021-2031, % of Sales Revenue
Figure 29. Global Addressable Market Cap in 2022-2031 by End User, Value ($ mn) and Share (%)
Figure 30. Global Home Fitness Equipment Market by End User: Houses and Townhomes, 2021-2031, $ mn
Figure 31. Global Home Fitness Equipment Market by End User: Apartments and Condos, 2021-2031, $ mn
Figure 32. Global Home Fitness Equipment Market by End User: Other End Users, 2021-2031, $ mn
Figure 33. Breakdown of Global Home Fitness Equipment Market by Distribution Channel, 2021-2031, % of Revenue
Figure 34. Global Addressable Market Cap in 2022-2031 by Distribution Channel, Value ($ mn) and Share (%)
Figure 35. Global Home Fitness Equipment Market by Distribution Channel: Dealers, 2021-2031, $ mn
Figure 36. Global Home Fitness Equipment Market by Distribution Channel: Specialty Stores, 2021-2031, $ mn
Figure 37. Global Home Fitness Equipment Market by Distribution Channel: Online Shops, 2021-2031, $ mn
Figure 38. Global Home Fitness Equipment Market by Online Shops: Direct Online Stores, 2021-2031, $ mn
Figure 39. Global Home Fitness Equipment Market by Online Shops: Third Party Websites, 2021-2031, $ mn
Figure 40. Global Home Fitness Equipment Market by Distribution Channel: Retail Stores, 2021-2031, $ mn
Figure 41. Global Home Fitness Equipment Market by Distribution Channel: Other Distribution Channels, 2021-2031, $ mn
Figure 42. Global Market Snapshot by Region
Figure 43. Geographic Spread of Worldwide Home Fitness Equipment Market, 2021-2031, % of Sales Revenue
Figure 44. Global Addressable Market Cap in 2022-2031 by Region, Value ($ mn) and Share (%)
Figure 45. North American Home Fitness Equipment Market, 2021-2031, $ mn
Figure 46. Breakdown of North America Home Fitness Equipment Market by Country, 2021 and 2031, % of Revenue
Figure 47. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 48. U.S. Home Fitness Equipment Market, 2021-2031, $ mn
Figure 49. Canada Home Fitness Equipment Market, 2021-2031, $ mn
Figure 50. Home Fitness Equipment Market in Mexico, 2021-2031, $ mn
Figure 51. European Home Fitness Equipment Market, 2021-2031, $ mn
Figure 52. Breakdown of European Home Fitness Equipment Market by Country, 2021 and 2031, % of Revenue
Figure 53. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 54. Home Fitness Equipment Market in Germany, 2021-2031, $ mn
Figure 55. Home Fitness Equipment Market in U.K., 2021-2031, $ mn
Figure 56. Home Fitness Equipment Market in France, 2021-2031, $ mn
Figure 57. Home Fitness Equipment Market in Spain, 2021-2031, $ mn
Figure 58. Home Fitness Equipment Market in Italy, 2021-2031, $ mn
Figure 59. Home Fitness Equipment Market in Russia, 2021-2031, $ mn
Figure 60. Home Fitness Equipment Market in Rest of Europe, 2021-2031, $ mn
Figure 61. Asia-Pacific Home Fitness Equipment Market, 2021-2031, $ mn
Figure 62. Breakdown of APAC Home Fitness Equipment Market by Country, 2021 and 2031, % of Revenue
Figure 63. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 64. Home Fitness Equipment Market in Japan, 2021-2031, $ mn
Figure 65. Home Fitness Equipment Market in China, 2021-2031, $ mn
Figure 66. Home Fitness Equipment Market in Australia, 2021-2031, $ mn
Figure 67. Home Fitness Equipment Market in India, 2021-2031, $ mn
Figure 68. Home Fitness Equipment Market in South Korea, 2021-2031, $ mn
Figure 69. Home Fitness Equipment Market in Rest of APAC, 2021-2031, $ mn
Figure 70. South America Home Fitness Equipment Market, 2021-2031, $ mn
Figure 71. Breakdown of South America Home Fitness Equipment Market by Country, 2021 and 2031, % of Revenue
Figure 72. Contribution to South America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 73. Home Fitness Equipment Market in Argentina, 2021-2031, $ mn
Figure 74. Home Fitness Equipment Market in Brazil, 2021-2031, $ mn
Figure 75. Home Fitness Equipment Market in Chile, 2021-2031, $ mn
Figure 76. Home Fitness Equipment Market in Rest of South America, 2021-2031, $ mn
Figure 77. Home Fitness Equipment Market in Middle East and Africa (MEA), 2021-2031, $ mn
Figure 78. Breakdown of MEA Home Fitness Equipment Market by Country, 2021 and 2031, % of Revenue
Figure 79. Contribution to MEA 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 80. Home Fitness Equipment Market in UAE, 2021-2031, $ mn
Figure 81. Home Fitness Equipment Market in Saudi Arabia, 2021-2031, $ mn
Figure 82. Home Fitness Equipment Market in South Africa, 2021-2031, $ mn
Figure 83. Growth Stage of Global Home Fitness Equipment Industry over the Forecast Period
List of Tables:
Table 1. Snapshot of Global Home Fitness Equipment Market in Balanced Perspective, 2021-2031
Table 2. World Economic Outlook, 2021-2031
Table 3. World Health Spending by Region, $ bn, 2013-2020
Table 4. Main Product Trends and Market Opportunities in Global Home Fitness Equipment Market
Table 5. Global Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 6. Global Home Fitness Equipment Market: Cardiovascular Training Equipment by Type, 2021-2031, $ mn
Table 7. Global Home Fitness Equipment Market: Strength Training Equipment by Type, 2021-2031, $ mn
Table 8. Global Home Fitness Equipment Market by Grade, 2021-2031, $ mn
Table 9. Global Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 10. Global Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 11. Global Home Fitness Equipment Market: Online Shops by Type, 2021-2031, $ mn
Table 12. Global Home Fitness Equipment Market by Region, 2021-2031, $ mn
Table 13. Leading National Home Fitness Equipment Market, 2021 and 2031, $ mn
Table 14. North America Home Fitness Equipment Market by Country, 2021-2031, $ mn
Table 15. U.S. Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 16. U.S. Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 17. U.S. Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 18. Canada Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 19. Canada Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 20. Canada Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 21. Mexico Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 22. Mexico Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 23. Mexico Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 24. Europe Home Fitness Equipment Market by Country, 2021-2031, $ mn
Table 25. Germany Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 26. Germany Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 27. Germany Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 28. U.K. Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 29. U.K. Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 30. U.K. Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 31. France Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 32. France Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 33. France Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 34. Spain Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 35. Spain Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 36. Spain Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 37. Italy Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 38. Italy Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 39. Italy Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 40. Russia Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 41. Russia Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 42. Russia Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 43. Home Fitness Equipment Market in Rest of Europe by Country, 2021-2031, $ mn
Table 44. APAC Home Fitness Equipment Market by Country, 2021-2031, $ mn
Table 45. Japan Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 46. Japan Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 47. Japan Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 48. China Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 49. China Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 50. China Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 51. Australia Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 52. Australia Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 53. Australia Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 54. India Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 55. India Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 56. India Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 57. South Korea Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 58. South Korea Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 59. South Korea Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 60. Home Fitness Equipment Market in Rest of APAC by Country/Region, 2021-2031, $ mn
Table 61. South America Home Fitness Equipment Market by Country, 2021-2031, $ mn
Table 62. Argentina Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 63. Argentina Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 64. Argentina Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 65. Brazil Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 66. Brazil Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 67. Brazil Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 68. Chile Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 69. Chile Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 70. Chile Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 71. MEA Home Fitness Equipment Market by Country, 2021-2031, $ mn
Table 72. UAE Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 73. UAE Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 74. UAE Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 75. Saudi Arabia Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 76. Saudi Arabia Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 77. Saudi Arabia Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 78. South Africa Home Fitness Equipment Market by Product Type, 2021-2031, $ mn
Table 79. South Africa Home Fitness Equipment Market by End User, 2021-2031, $ mn
Table 80. South Africa Home Fitness Equipment Market by Distribution Channel, 2021-2031, $ mn
Table 81. Amer Sports Oyj: Company Snapshot
Table 82. Amer Sports Oyj: Business Segmentation
Table 83. Amer Sports Oyj: Product Portfolio
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Any machine or device used for physical activity to lose weight, increase physical stamina, or enhance muscular strength is considered fitness equipment. Due to increased health consciousness, the demand for home fitness equipment has risen globally. Treadmills, stationary bikes, free weights, and elliptical machines are among the most popular at-home fitness machines. The global home fitness equipment market has benefited greatly from obesity prevalence and health consciousness. Furthermore, the adoption of home workout equipment has been spurred by an increase in the urban population, rising disposable income, expanding health consciousness, developing bodybuilding trends, and increased government measures to promote healthy living are expected to drive the market growth.
Global home fitness equipment market will reach $14.12 billion by 2031, growing by 3.4% annually over 2021-2031, driven by the increased product innovations, high customization of fitness devices, and the rising investments and homecare spending amid COVID-19 pandemic. As the number of people suffering from obesity rises, the demand for the product is expected to increase as it is a vital tool for them to lose weight. Adult obesity rates in the United States currently exceed 35 percent in 12 states, 25 percent in 48 states, and 30 percent in 35 states, according to data provided by the State of Child Obesity.Org in September 2020. Furthermore, increased knowledge of the lack of physical exercise has resulted in many health difficulties such as heart disease, diabetes, cancer, and others, which has increased demand for these products. Furthermore, increasing inclination towards digital technology to aid market growth. The increasing popularity of fitness applications in smart devices for enhancing and maintaining personal fitness has played a significant role in the market growth. Additionally, governments in both developed and developing countries are launching several public health efforts to enhance public awareness of wellness, which will help implement this equipment, particularly among young people. Furthermore, manufacturers are spending in R&D (Research and Development) operations to produce innovative and user-friendly products that would improve the overall consumer experience in the market and are predicted to increase during the projection period. The cardiovascular training equipment segment is projected to be the larger market shareholder owing to its capability to help toughen the heart and muscle while also improving people's health with heart disease, diabetes and high blood pressure. People are becoming more health-conscious and focused on treating heart diseases as the number of patients with cardiovascular disorders rises, which has fueled the growth of cardiovascular training equipment. Weight training equipment is expected to expand as people become more conscious of the need for muscle and body weight gain. It helps to build stamina and raw energy while also strengthening joints. Dumbbells, bars, and weight plates have seen a boom in popularity, and this trend is projected to continue. The integration of artificial intelligence (AI) and machine learning technology in the at-home fitness equipment contributes towards the growth of the global at-home fitness equipment market. It is expected that the AI-based personal trainer is the upcoming trend in the at-home fitness equipment market. Tech giants such as Google and Apple are engaged in developing their smart wearable devices that can virtually guide and assist users based on health data collection. Therefore, these technological advancements are expected to be the driving factor of the global at-home fitness equipment market in the foreseeable future
In the global market, Asia-Pacific is expected to be well-represented. The growing number of dual-income households is fueling market expansion by increasing spending on the home fitness equipment. On the other hand, the market in North America has grown significantly due to rising consumer health awareness and increased adoption of workouts for physical well-being, weight management, enhancing body stamina, and muscular strength. Other important factors boosting the home fitness equipment market in the region include an expanding obese population and rising health concerns.
COVID-19 impact
The pandemic has accelerated an already growing trend of health awareness in public. The COVID-19 pandemic has altered the fitness environment, resulting in a boom in the at-home workout business. Home fitness has become a major possibility with the rise in online sales of home gym equipment. The COVID-19 pandemic has had a substantial impact on enterprises and the economy, in addition to the serious implications for people's health and healthcare systems. As a result, it impacted the global home fitness equipment market. Due to the maintenance of quarantines and social distancing norms, gyms are expected to remain closed, boosting the culture of home-workouts and, as a result, the need for home exercise equipment. The eruption of the coronavirus has resulted in a spike in the number of people working out from their homes to avoid getting infected, which, in turn, would have a positive influence on the market growth. In addition, the pandemic has propelled non-fitness enthusiasts to give more importance to maintaining their health and fitness, which thus help to generate traction.
Highlighted with 83 tables and 83 figures, this 168-page report “Global Home Fitness Equipment Market 2021-2031 by Product Type (Cardiovascular Training, Strength Training), Grade (Low-end, Mid-grade, High-end), End User (Houses, Condos, Others), Distribution Channel (Dealers, Specialty Stores, Online, Retail Stores), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global home fitness equipment market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global home fitness equipment market in every aspect of the classification from perspectives of Product Type, Grade, End User, Distribution Channel, and Region.
By Product Type
• Cardiovascular Training Equipment
• Stationary Cycles
• Treadmills
• Rowing Machines
• Elliptical and Others
• Strength Training Equipment
• Free Weights
• Barbells & Ladders
• Extension Machines
• Other Strength Training Equipment
By Grade
• Low-end Products
• Mid-grade Products
• High-end Products
By End User
• Houses and Townhomes
• Apartments and Condos
• Other End Users
By Channel
• Dealers
• Specialty Stores
• Online Shops
• Direct Online Stores
• Third Party Websites
• Retail Stores
• Other Distribution Channels
By Geography
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Product Type, End User, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players: Amer Sports Oyj, Corepump, HOIST Fitness Systems, ICON Health & Fitness Inc., Johnson Health Tech. Co., Ltd., JTX Fitness, Keiser Corporation, Louis Vuitton, NOHrD, Nordic Track, PELOTON, PENT, Precor Inc., ProForm, Schwinn, Technogym SpA, Tonal Systems Inc., True Fitness, Vectra Fitness, York Barbell
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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