DUBLIN – (BUSINESS WIRE)–The Global Home Fitness Equipment Market Report 2020-30: Impact and Growth of COVID-19 Report was added ResearchAndMarkets.com Offer.
This report provides the strategists, marketers, and senior executives with the crucial intelligence they need to assess the global Home Fitness Equipment Market.
The global home fitness equipment market is forecast to grow from $ 6.76 billion in 2019 to $ 9.49 billion in 2020, with an average annual growth rate (CAGR) of 40.4%. The growth is mainly due to the COVID-19 outbreak, which has resulted in restrictive containment measures that include social distancing, remote working and other commercial activities, paving the way for increased demand for fitness equipment for home training and the improvement of online fitness content. The market is expected to stabilize and reach $ 8.62 billion in 2023 with an annual growth rate of -3.16%.
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The home fitness equipment market consists of sales of fitness equipment used at home. Home fitness equipment includes devices and machines that are used to perform and monitor physical exercises at home for weight control, endurance improvement, muscle strength development, appearance and personality improvement, excess fat burn, heart rate simulation, or treatment and recovery from illness and used for maintaining overall health and fitness. The market consists of revenue generated by the companies that make home fitness equipment through the sale of these products.
In September 2019, Anta Sports, a Chinese sports products company, acquired Amer Sports for approximately $ 5.2 billion. Amer Sports, a leading sporting goods company with a strong portfolio of internationally recognized brands, is a Finnish parent company of Precor that designs and manufactures fitness products such as indoor cycling bikes, treadmills and ellipticals. With this acquisition, Anta Sports is expanding its portfolio together with fitness equipment to include well-known sports brands such as Wilson tennis rackets, Salomon ski boots and Arc’teryx outdoor equipment.
The limited space in private households is likely to limit the growth of the home fitness equipment market. People who live in cities are limited to small houses or apartments to manage their expenses, which limits space for fitness equipment. According to the American Council On Exercise, a treadmill or elliptical machine takes up 30 square feet, a stationary bike 10 square feet, a rowing machine 20 square feet, and free weights 20 to 50 square feet. Additionally, the average size of a simple weight bench is 50 inches long by 19 inches wide. Therefore, it is difficult for the user to set everything in a small space. Reduced space in homes, resulting in limited space for fitness equipment, is a hindrance to market growth.
Fitness equipment, accessories, and virtual reality apps are the emerging trends in the home fitness equipment market to get physical workouts that can inspire and motivate you to achieve fitness goals with fun games and real-world training scenarios. Not only do they inspire and motivate to exercise and tone the body, but they save thousands of dollars on cross-trainers, treadmills, and stationary bikes. For example, VR Fitness Company creates the world’s first reality fitness experience by providing virtual reality fitness equipment that provides a safe and fun aerobics session for all fitness levels and makes exercising much more fun and exciting.
Main topics covered:
1. Summary
2. Home Fitness Equipment Market Features
3. Home Fitness Equipment Market Size and Growth
3.1. Historic Global Home Fitness Equipment Market, 2015-2019, Billion US Dollars
3.2. Global Home Fitness Equipment Market Forecast, 2019-2023F, 2025F, 2030F, Billion US Dollars
4. Home Fitness Equipment Market Segmentation
4.1. Global Home Fitness Equipment Market Segmentation By Product
4.2. Global Home Fitness Equipment Market, Segmentation By Application
5. Regional and country-specific analysis of the market for home fitness equipment
5.1. Global Home Fitness Equipment Market Split by Regions, Historical and Forecast, 2015-2019, 2023F, 2025F, 2030F, Billion US Dollars
5.2. Global Home Fitness Equipment Market Split by Country, Historical and Forecast, 2015-2019, 2023F, 2025F, 2030F, Billion US Dollars
Mentioned companies
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Cybex
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nautilus
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Precor
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Technogym
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Fitnessathome
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Fitness world
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Johnson Health Tech
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NordicTrack
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ProForm
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TRUE fitness
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Vectra Fitness
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Woodway
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HOIST fitness systems
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Amer Sports
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Health and fitness icon
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Torque Fitness LLC
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Impulse (Qingdao) Health Tech Co. Ltd.
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Brunswick Corporation
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Paramount
For more information on this report, see https://www.researchandmarkets.com/r/d1rkug
