At-Home Fitness Equipment Market worth USD 13.3 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "At-Home Fitness Equipment Market by Product Type (Cardiovascular Training Equipment, Free Weights, and Power Racks), by Distribution Channel (Dealers, Online, Retail, and Gyms/Clubs), by End-Users (Households, Apartment, and Gym in Apartment), by Price (Low, Mid, and Luxury), by Region – Global Share and Forecast to 2030".

The global at-home fitness equipment market size is estimated to reach USD 13.3 billion by 2030 from USD 7.3 billion in 2021, growing at a CAGR of 7.8% during the forecast period. At-home fitness equipment market is expected to grow significantly, owing to the development of digital technology installed in the at-home fitness equipment. Consumers who prefer to work out at home face problems regarding the unavailability of guidance from professional trainers. The use of artificial intelligence (AI) and machine learning technology had made it possible for an individual gets real-time feedback based on his/her movements. Connected fitness devices are a set of tools that bring together individual fitness and digital life to provide a gym-like experience at home. The AI-enabled connected fitness devices can provide customized workout plans to individuals depending on their fitness level and need, similar to a professional or expert gym trainer.

Global At-Home Fitness Equipment Market Segmentation

The at-home fitness equipment market has been segmented into product type, distribution channel, end-users, price, and region.

By Product Type Outlook (Sales, USD Billion, 2017-2030)

• Cardiovascular Training Equipment
  • Treadmills
  • Stationary Cycles
  • Rowing Machines
  • Elliptical
  • Others
• Free Weights
• Power Racks

By Distribution Channel Outlook (Sales, USD Billion, 2017-2030)

• Dealers
• Online
• Retail
• Gyms/Clubs

By End-Users Outlook (Sales, USD Billion, 2017-2030)

• Households
• Apartment
• Gym in Apartment

By Price Outlook (Sales, USD Billion, 2017-2030)

• Low
• Mid
• Luxury

By Region Outlook (Sales, USD Billion, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • the Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa

• • Rest of MEA

Dealers, by distribution channel, is estimated to hold the largest market share during the forecast period

Based on distribution channel, the global at-home fitness equipment market is segregated into dealers, online, retail, and gyms/clubs. The dealer's segment generated the highest revenue of 40.8% of the global at-home fitness equipment market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. A dealer is a trader or merchant engaged in buying fitness equipment from manufacturers and supplying them to customers for earning a commission. Gym Source, US Fitness Products, Primo Fitness, Iron Company, and Fitshop are among the top dealers of at-home fitness equipment.

The dealer segment dominated the market and is expected to retain its dominance during the forecast period. Its immense popularity among the population makes it the first choice for buying fitness equipment. In addition, the key factor that promotes buyers to buy fitness equipment from dealers is the service they provide. They can directly influence buyers' decisions by guiding them about the benefits and disadvantages of the equipment. In addition, the dealer can help customers navigate the myriad of different at-home fitness equipment that best suits their needs. Moreover, customers get a physical glimpse of the desired equipment and brands that help to understand the products’ requirements according to their space requirements.

Don't miss out on business opportunities in At-Home Fitness Equipment Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

North America accounts for the largest market share in the at-home fitness equipment market

Based on the regions, the global at-home fitness equipment market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 57.5% in the global at-home fitness equipment market and was anticipated to maintain its dominance throughout the forecast period. North America is the largest market for fitness equipment across the globe. This is attributed to the fact that a larger base of obese population in the region leads to higher adoption of fitness equipment. Obesity has long-term negative effects on the health, including, but not limited to, heart disease, type 2 diabetes, high blood pressure, stroke, cancer, and other bone & joint diseases. This has led to the increased need for weight management in the region.

As the COVID-19 pandemic hit the world in 2019 in almost every country, more health-cautious consumers opted for at-home fitness schedules. Many consumers further renovated some parts of their houses in home gyms and activity spaces. This trend attracted consumers to purchase home exercise equipment. With the uncertainty of COVID-19 pandemic, at-home exercise industry is expected to prosper with this new trend of consumers opting for staying home and focusing more on at home exercises in North America.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the at-home fitness equipment market. It also consists of the profiles of leading companies such as Technogym, PENT, ICON Health & Fitness, Inc., Tonal Systems, Inc., NOHrD, Nordic Track, PELOTON, Louis Vuitton, ProForm, Precor, Inc., Schwinn, JTX Fitness, Keiser Corporation, Corepump, and York Barbell. These market players have focused on acquisitions and expansion to gain a larger market share in the at-home fitness equipment market.

Browse complete report: https://www.marketstatsville.com/at-home-fitness-equipment-market

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Contact Us:

Market Statsville Group

416, East Standsberry Street, Perkins, Oklahoma 74059, USA

USA: +1-580-205-2707 | +91 702 496 8807

Email: sales@marketstatsville.com

Web: www.marketstatsville.com