The US home fitness equipment market grew significantly in 2018-2020, the market increasingly flourished in 2020 due to the spread of COVID-19. In addition, it is forecast that the market would grow enormously in the next four years, i.e. 2021-2025.
The home fitness equipment market is expected to expand due to the increasing millennial population, increasing obesity prevalence, rapid urbanization, increasing incidence of chronic diseases, increasing online fitness equipment sales, increasing fitness conscious population, etc. In addition, the market is facing some challenges such as space constraints, high cost of fitness equipment, etc.
The market is quite fragmented with multiple market participants operating in different states. The major players in the home fitness equipment market are Peloton Interactive, Inc., Nautilus, Inc., Technogym SpA, and Johnson Health Tech Co. Ltd. and are profiled with their financial information and respective business strategies.
Fitness equipment is a sub-category of the larger sporting goods sector. Fitness equipment can be used at home to complete a good fitness routine. Home fitness equipment is defined as a machine that is used to perform any fitness activity or exercise at home. Major fitness machines used for home exercise include treadmills, weight machines, elliptical machines, stationary bikes, weight building machines, and others.
There are two broad categories of home fitness equipment: cardiovascular exercise equipment and weight training equipment. Cardiovascular exercise equipment includes ski equipment, cross trainers, rowing machines, steppers, treadmills, and exercise bikes. Strength training equipment includes ankle weights, exercise mats, hand weights, resistance bands, weighted armbands, and tubes. The exercise bike market can be segmented by type and sales channel.
The report also evaluates key market opportunities and outlines the factors that are driving and driving the growth of the industry. The growth of the US home fitness equipment market has also been forecast for the period 2021-2025, taking into account previous growth patterns, growth drivers, and current and future trends.
Peloton Interactive, Inc.
Johnson Health Tech Co. Ltd.
Key topics covered:
2.1 Fitness: an overview
2.2 Home fitness: an overview
2.2.1 Home fitness: advantages and disadvantages
2.3 Home fitness equipment: an overview
2.3.1 Benefits of Using Fitness Equipment At Home
2.3.2 List of the most commonly used home fitness equipment
2.4 Home Fitness Equipment Segmentation: An Overview
2.4.1 Segmentation of home fitness equipment by type
2.4.2 Segmentation of home fitness equipment by sales channel
3. The US market analysis
3.1 The US Exercise Bike Market: An Analysis
3.1.1 The US Exercise Bike Market by Value
3.1.2 The U.S. Exercise Bike Market By Type (Treadmill, Cross Trainer, Exercise Bike, Rowing Machine, And Others)
3.2 The US market for exercise bikes: type analysis
3.2.1 The US Home Treadmill Market by Value
3.2.2 The US Elliptical Exercise Bike Market by Value
3.2.3 The US Home Exercise Cycle Market by Value
3.2.4 The US Exercise Bike Market by Value
3.2.5 The US Exercise Bike Market by Value
4. Effects of COVID-19
4.1 Effects of COVID-19 on the economy
4.1.1 The economic impact of COVID-19
4.1.2 Effects of COVID-19 on the fitness industry
4.1.3 Effects of COVID-19 on home fitness equipment
5. Market dynamics
5.1 Growth drivers
5.1.1 Rising millennial population
5.1.2 Growing prevalence of obesity
5.1.3 Rapid urbanization
5.1.4 Increasing incidence of chronic diseases
5.1.5 Growing online sales of fitness equipment
5.1.6 Fitness-conscious population on the rise
5.2.1 Space restriction
5.2.2 High costs for fitness equipment
5.3 Market trends
5.3.1 Growing influence of social media
5.3.2 Trend increase in portable devices
5.3.3 Introduction of innovative home fitness equipment
6. Competitive landscape
6.1 The US Exercise Bike Market Players: A Financial Comparison
6.2 The U.S. Exercise Bike Players by Research and Development (R&D) Spend
7. Company profiles
7.1 Business overview
7.2 Financial overview
7.3 Business strategy
For more information on this report, see https://www.researchandmarkets.com/r/ymejoy