Home Fitness Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Home Fitness Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Home Fitness Equipment Market

The home fitness equipment market size was valued at USD 11.60 billion in 2023, and the market is now projected to grow from USD 12.10 billion in 2024 to USD 18.94 billion by 2032, exhibiting a CAGR of 5.8% during the forecast period of 2024-2032.

Fitness equipment for homes has become a popular solution in favor of healthy lifestyle in order to get long-term benefits. The growing interest in home fitness products created by the desire for more energy and motivation. The growth of biking, running, and swimming as fitness exercises is also a factor because these items help to increase physical performance and at the same time are manufactured for users to be able to strengthen their stamina from the comfort of their homes – therefore causing the home fitness equipment market growth.

The obesity rates are projected to increase and this will help in increased sales of the home fitness machines as they play an important role in reducing weight. As per the U.S. Department of Health & Human Services figures in 16 states, 35.6% of adults were obese in September 2022. Also, a greater understanding of the correlation between physical inactivity and health conditions such as cardiovascular diseases, diabetes, and cancer among people is creating a need for fitness solutions, which is contributing to the rise of the overall home fitness equipment market share.

Production of smart treadmills and dumbbells also presents good opportunities that the market may have. Treadmill and many of its advanced features like controlling the workout pace and checking the heart rate in a top-notch and more compact and foldable treadmill are gaining popularity. For instance, in June 2023, DeerRun entered the market in Europe and North America with the BA02 smart under-desk treadmill and a companion device called PitPat that tracks real-time statistics on exercise. Also, product innovation in the form of smart tech dumbbells like the Bowflex SmartTech 560 that communicate with devices via Bluetooth and have motion sensors in the arm will drive increase in demand.

Comprehensive Analysis of Home Fitness Equipment Market

The home fitness equipment market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type, and by sales channel analysis. The types include: cardiovascular training equipment and strength training equipment. However, the sales channels include: online & offline.

The North America region leads the protective gloves market by benefitting a market size of USD 11.60 billion in 2023 due to the rising number of luxurious homes in the region.

The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Icon Health & Fitness, Inc. (U.S.) Johnson Health Tech Co., Ltd. (U.S.) Amer Sports Corporation (Finland) Core Health & Fitness, LLC (U.S.) Nautilus, Inc. (U.S.) Technogym S.p.A. (Italy) Hoist Fitness Systems (U.S.) Fitness World AS (Denmark) HAMMER SPORT AG (Germany) Rogue Fitness. (U.S.).

In September 2022, Reach, a sports and fitness equipment brand, launched a made-in-India motorized treadmill, T-400, a sleek, high-quality aluminium model in India. The T-400 model consists of a high-power 4HP Peak DC motor, multilayer running belt, and wheels.

Segmentation Table

Global Home Fitness Equipment Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 5.8% from 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Type, and Sales Channel

By Type Cardiovascular Training Equipment

Strength Training Equipment

By Sales Channel Online

Offline

By Region North America (By Type, Sales Channel, and Country)

- U.S. (By Type)

- Canada (By Type)

- Mexico (By Type)

Europe (By Type, Sales Channel, and Country)

- Germany (By Type)

- France (By Type)

- Italy (By Type)

- Spain (By Type)

- U.K. (By Type)

- Russia (By Type)

- Rest of Europe (By Type)

Asia Pacific (By Type, Sales Channel, and Country)

- China (By Type)

- India (By Type)

- Japan (By Type)

- South Korea (By Type)

- Australia (By Type)

- Rest of Asia Pacific (By Type)

South America (By Type, Sales Channel, and Country)

- Brazil (By Type)

- Argentina (By Type)

- Rest of South America (By Type)

Middle East & Africa (By Type, Sales Channel, and Country)

- South Africa (By Type)

- UAE (By Type)

- Rest of Middle East & Africa (By Type)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.