Home Fitness Equipment Market by Accessories, Cardiovascular Training Equipment, Strength Training Equipment, Direct Selling, Offline Retail Stores, Online Retail Stores – Forecast 2024-2030

Global Home Fitness Equipment Market

Dublin, Aug. 08, 2024 (GLOBE NEWSWIRE) — The “Global Home Fitness Equipment Market by Type (Accessories, Cardiovascular Training Equipment, Strength Training Equipment), Distribution Channel (Direct Selling, Offline Retail Stores, Online Retail Stores), End-User – Forecast 2024-2030” report has been added to ResearchAndMarkets.com’s offering.

The Home Fitness Equipment Market grew from USD 17.20 billion in 2023 to USD 18.12 billion in 2024. It is expected to continue growing at a CAGR of 5.47%, reaching USD 24.97 billion by 2030.

Home fitness equipment has gained significant importance as a practical way to maintain an active lifestyle without visiting public gyms or engaging in outdoor sports. Home fitness equipment facilitates regular exercise routines by removing common barriers such as time constraints, weather conditions, or travel limitations associated with commuting to gyms or other workout venues. Individuals can optimize the frequency and consistency of their workouts while managing their schedules more efficiently. Home fitness equipment promotes mental well-being by relieving stress and enhancing mood.

Furthermore, exercising at home eliminates the need to share equipment with other users, which helps maintain better hygiene standards and minimizes the risk of infections. Moreover, an increasing awareness about the importance of regular physical activity in maintaining overall health has propelled individuals to invest in personal workout equipment. Home fitness equipment can cater to diverse age groups and skill levels, enabling customized workouts for beginners and advanced athletes.

However, high initial cost and regular equipment maintenance significantly impede home fitness equipment adoption. In addition, the emergence of smart home gym systems and connected devices enables users to access personalized workout routines and track their progress via specialized applications.

Regional Insights

In the Americas, the rise of eCommerce platforms and the increase in social media influencers promoting home workouts has positively impacted customer purchasing behavior of home fitness equipment. In countries including the U.S., Canada, and Brazil, innovations in sensor technology, virtual reality integration, and personalized workout experiences significantly raised the adoption of home fitness equipment.

In Asia-Pacific, the growing middle-class population and increasing focus on health drive demand for home fitness products. Several regional startup companies have introduced innovative solutions backed by investments from major venture capital firms. Consumers in India, China, and Japan emphasize quality, design, and convenience when selecting home fitness equipment.

Story continues

Increasing demand for low-impact workouts and rehabilitation equipment is observed with a higher number of the elderly population. In the EMEA region, increased sedentary lifestyles have led to more people choosing home-based workout regimes over traditional gyms. The MEA region’s growing youth population is driving demand for innovative home fitness solutions due to changing lifestyles and the higher spending power of consumers.

Recent Developments

Interactive Strength Inc. Announces Non-Binding Letter of Intent and Exclusivity Agreement to Acquire a Connected Fitness Equipment Business

Interactive Strength Inc. recently entered an exclusivity agreement to acquire a connected fitness equipment business. This potential transaction accelerates the company’s commercialization path, leading to immediate scaling across all functions. Moreover, acquiring this business is anticipated to establish a highly lucrative platform that offers connected fitness equipment and digital fitness services through both B2B and B2C channels. This move is expected to drive substantial growth and profitability for the company.

TRX Announces Acquisition of YBell Fitness

TRX Training, a major player in functional training equipment and education, has recently acquired YBell, an Australian fitness equipment company known for its innovative designs and multifaceted training tools. This acquisition allows TRX to expand its existing line of patented products and instructional solutions, solidifying its position as the ultimate provider of functional training options for consumers and professionals. With TRX’s extensive collection of efficient, versatile, and portable fitness equipment, individuals complete body workouts in their homes and at the gym. This acquisition further enhances TRX’s ecosystem, offering fitness enthusiasts, personal trainers, and gym owners access to a vast selection of functional training gear.

King Smith Fitness Unveils Home Fitness Equipment Breakthroughs at CES 2023

King-Smith Fitness, a trailblazer in home fitness equipment, recently presented a diverse lineup of cutting-edge smart and foldable fitness options at CES 2023 to facilitate effective at-home workouts. This exceptional collection features an array of technologically advanced equipment, including the world’s first double-fold treadmill, the industry’s most compact water rower, a lightweight and space-efficient strength trainer, as well as two variants of the WalkingPad a model equipped with side handrails and another with a remarkable 300 lbs weight capacity. With these innovative offerings, fitness enthusiasts can now enjoy the convenience and effectiveness of professional-grade workouts from the comfort of their own homes.

Key Attributes:

Market Dynamics

Segmentation Analysis

• Type: Advancements in cardiovascular and strength training equipment open new avenues for home fitness equipment

• End-User: Home fitness equipment are crucial equipment for gym and household users

Market Drivers

Market Restraints

Market Opportunities

Market Challenges

Industry Insights

• Market Disruption Analysis

• Porter’s Five Forces Analysis

• Value Chain & Critical Path Analysis

• Pricing Analysis

• Technology Analysis

• Patent Analysis

• Trade Analysis

• Regulatory Framework Analysis

Key Company Profiles

• Amer Sports Corporation

• Assault Fitness

• Atlantis Strength Inc.

• Brunswick Corporation

• Core Health & Fitness, LLC

• Echelon Fitness Multimedia LLC

• Fitness World AS

• Forme by Interactive Strength, Inc.

• HAMMER SPORT AG

• Hoist Fitness Systems

• Icon Health & Fitness, Inc.

• Johnson Health Tech Co., Ltd.

• King Smith Fitness

• Life Fitness

• Nautilus, Inc

• Precor Incorporated by Peloton Interactive, Inc

• Primo Fitness

• PROLAST

• Rogue Fitness

• Shandong Baodelong Fitness Co., Ltd.

• Shandong Huixiang Fitness Equipment Co., Ltd.

• SportsArt Fitness, Inc.

• Technogym S.p.A.

• Titan Fitness

• Torque Fitness, LLC

• TRUE Fitness Technology, Inc.

• Vectra Fitness Parts LLC

• Wattbike Ltd.

• Woodway USA, Inc.

• Yanre Fitness

Market Segmentation & Coverage

Accessories

• Foam Roller

• Weighted Jump Rope

• Yoga Mat

Cardiovascular Training Equipment

• Air Bike

• Elliptical Machines

• Punching Bag

• Rowing Machine

• Treadmill

Strength Training Equipment

• Ab Wheel

• Adjustable Dumbbells

• Adjustable Kettlebell

• Medicine Ball

• Mini Resistance Bands

• Pull Up Bars

• Weight-Lifting Bench

Distribution Channel

• Direct Selling

• Offline Retail Stores

• Online Retail Stores

End-User

• Fitness Center

• Gym

• Home Consumer

Region

Americas

• Argentina

• Brazil

• Canada

• Mexico

• United States

• California

• Florida

• Illinois

• New York

• Ohio

• Pennsylvania

• Texas

Asia-Pacific

• Australia

• China

• India

• Indonesia

• Japan

• Malaysia

• Philippines

• Singapore

• South Korea

• Taiwan

• Thailand

• Vietnam

Europe, Middle East & Africa

• Denmark

• Egypt

• Finland

• France

• Germany

• Israel

• Italy

• Netherlands

• Nigeria

• Norway

• Poland

• Qatar

• Russia

• Saudi Arabia

• South Africa

• Spain

• Sweden

• Switzerland

• Turkey

• United Arab Emirates

• United Kingdom

For more information about this report visit https://www.researchandmarkets.com/r/hd4skx

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