Home Gym Equipment Industry, Latest Technology, Deployment Status and Applications by Forecasts to 2027

Market Overview

Home Gym Equipment Industry is projected to be valued at USD 6.34 Billion by 2024 at a CAGR of 4.41% from 2019 to 2024. Changes in lifestyles due to busy work schedules and unhealthy eating habits are leading to a focus on fitness. Additionally, a rise in the prevalence of chronic diseases and obesity are driving the growth of the global Home Gym Equipment Industry. However, the high costs of the exercise machines have led to consumers opting to join well-equipped gyms or fitness clubs, which is likely to affect the growth of the global Home Gym Equipment Industry to an extent. Nevertheless, the incorporation of smart devices in fitness machines and development of wearable technology provide lucrative opportunities to market players during the forecast period.

Key Players

Cybex International, Inc. (US)

Icon Health & Fitness, Inc. (NordicTrack) (US)

Nautilus, Inc. (US)

Technogym SpA (Italy)

Johnson Health Tech. Co., Ltd. (US)

Amer Sports Oyj (Precor) (Finland)

True Fitness Technology, Inc. (US)

Vectra Fitness Parts LLC. (US)

HOIST Fitness Systems, Inc. (US)

Hammer Sport AG (Germany)

DHZ Fitness Europe GmbH (Germany)

Tunturi New Fitness B.V. (Netherlands)

Fitness EM LLC. (US)

Kettler (GB) Limited (UK)

Impulse (Qingdao) Health Tech Co., Ltd (China)

Market Segmentation:

Popularity of cardiovascular training equipment: The cardiovascular training equipment segment dominated the global Home Gym Equipment Industry in 2018 and is expected to maintain its dominance during the forecast period. Treadmills, elliptical trainers, exercise bikes, rowing machines, and stair machines are the most common and popular cardiovascular equipment for home use. Cardiovascular training equipment elevates the heart rate and offers a full-body workout. It also aids in weight loss and maintaining overall health and fitness. These benefits are expected to drive the growth of the segment during the review period.

Specialty stores to remain a popular choice for the purchase of Home Gym Equipment Industry: Specialty stores are the preferred choice for buying Home Gym Equipment Industry due the wide range of products of specific brands and focus on customer service, which includes in-depth information about the products, demonstrations, and expert guidance to help in the decision-making process, thus, enhancing the shopping experience. Moreover, specialty stores offer after-sales services.

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https://www.marketresearchfuture.com/reports/home-gym-equipment-market-8482

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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