At-Home Fitness Equipment

At-Home Fitness Equipment

At-home fitness equipment is any apparatus or machine used for physical activity by the consumer in the comfort of their home in order to enhance their muscular strength to remain fit and helps them in managing their body weight.

With the rising number of working professionals and the problems faced by some fitness enthusiasts due to their busy schedules and long working hours, many of consumers are actively adopting home workout routines which in turn is propelling the market growth. Also, the growing trends of home workouts are providing a boost to home workout equipment sales as more consumers are spending on these products. For instance, in the UK, nearly 53% of consumers spend an average of USD 218 each on buying home workout products in the last year.

The worldwide demand for home equipment is escalating due to the increase in the global burden of people suffering from chronic diseases including cancer, heart disease, and diabetes which has inclined people to adopt a healthy lifestyle which will drive the global market of at-home fitness equipment. For instance, according to WHO, 41 million people die every year because of non-communicable diseases accounting for 71% of all deaths all over the world. Furthermore, exercise equipment is gaining huge popularity among fitness enthusiasts owing to the growing trend of bodybuilding which in turn is boosting the market growth.

The At-Home Fitness Equipment Market is expected to grow at a strong CAGR of 7.5% during the forecast period owing to the rising awareness in personal fitness. For instance, many companies 7are now developing smart fitness technology, such as wearable fitness trackers and smart scales, that allow users to track their progress and monitor their health from the comfort of their own homes.

• Based on the product type, the market is fragmented into cardiovascular training equipment, strength training equipment, and others. The cardiovascular training equipment segment is expected to hold a major share of the market as users can easily relocate the equipment from one place to another. The use of cardiovascular exercise equipment is growing among seniors who want to stay physically healthy while working out at home and ability builtup mass and make bone stronger, increase flexibility in joint, and other benefits.
• Based on the sales channel, the market is bifurcated into online and offline. The offline segment is expected to grow with a significan CAGR during the forecast period, as these shops feature a salesperson that helps customers choose products based on their individual needs and provides convenience in the form of post-sale services.
• Based on the end-user, the market is bifurcated into the household and apartments. The apartments segment is expected to grow at a CAGR during the forecast period. These are located within a society or apartment complex, and only members of that society or apartment complex have access to them. Rapid urbanization is the primary factor that is anticipated to drive the expansion of the gym-in apartment segment.
• For a better understanding of the market adoption of the dental clensing tablet industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America held the dominant share of the market as the region has high demand for fitness equipment, particularly owing to a large number of consumers who are more aware and conscious about personal fitness. Furthermore, This is because a greater proportion of fat people live in the area, which increases the use of workout equipment. Cardiovascular disease, stroke, type 2 diabetes, high blood pressure, cancer, and other bone and joint problems are only a few of the long-term negative effects of obesity on health. As a result, there is now more demand in the area for weight control services.
• Some of the major players operating in the market include Decathlon, iFitness Inc., Core Health & Fitness LLC, Johnson Tech, Technogym SpA, Nautilus Inc., Echelon US, TRUE Fitness Technology, Inc., Dyaco, Rogue Fitness.