About Home Gym Exercise Equipment
Home gym equipment refers to the equipment specially designed for the home. They are similar to outdoor gym equipment and provide the same benefits. Home gym including an exercise bike, mats, and some free-weights – or a comprehensive gym with weight machines, barbells, and more. The rising number of obese population and increasing awareness related to the benefits of a healthy lifestyle driving the home gym equipment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.3% |
The Home Gym Exercise Equipment market is fragmented owing to the number of players present in the market. Rising awareness about health and fitness supplementing the growth of the home gym equipment market. Consumers prefer smart-connectivity gym equipment that monitors their workouts. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Home Gym Exercise Equipment market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Body-Solid (United States), Bowflex (United States), Nautilus, Inc. (United States), Fitness Gear (United States), LifeSpan Fitness (United States), Marcy (United States), Stamina Products (United States), Fitness World (India), Total Gym (United States) and Valor Fitness (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Home Gym Exercise Equipment market by Type (Treadmill, Stationary Bike, Jump Rope, Dumbbell and Benches/Elliptical Trainer), Application (Men and Women) and Region.
On the basis of geography, the market of Home Gym Exercise Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Home Gym Exercise Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Professional will boost the Home Gym Exercise Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Online Distribution Channel and Availability of Smart-Connectivity Home Gym Exercise Equipment
Market Growth Drivers:
Rising Number of Obese Population, Increasing Awareness Related to Benefits of Healthy Lifestyle and Growing Preference for Exercise among Youths
Challenges:
Increasing Number of Fitness Club and Gym and Lack of Expert Training Professionals
Restraints:
High-Cost Associated with Fitness Instruments
Opportunities:
Growing Acceptance in Millennials, Rapid Advancements in Home Gym Exercise Equipment and Growing Awareness Regarding Weight Management
Market Leaders and their expansionary development strategies
In January 2023, Peloton, a leader in connected fitness bikes, announced a partnership with Equinox, a luxury gym chain. This collaboration aimed to expand Peloton's reach into the luxury fitness market and provide Equinox members with access to Peloton's digital fitness classes.
In February 2022, Core Health & Fitness, a manufacturer of strength training equipment, launched a new line of smart mirrors incorporating interactive fitness classes. This product aimed to combine the benefits of home gym equipment with the guidance of a virtual trainer.
Key Target Audience
Home Gym Exercise Equipment Manufacturers, Potential Investors, Industry Associations, Government & Regulatory Bodies, Marketing and Consulting firm and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.