Increasing health concerned population is driving the growth in Global Home Fitness Equipment Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Home Fitness Equipment Market By Type (Treadmills, Elliptical Machines, Stationary Cycles, Rowing Machines, Others) By Category (Cardiovascular Training Equipment, Strength Training Equipment) By Distribution Channel (Online Retail, Offline Retail) By Region, Competition Forecast & Opportunities, 2026”, the global Home Fitness Equipment market may potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of rising number of diseases and conditions due to unhealthy lifestyle.
With their busy schedules and no time for workout attitude, the population is at a risk of obesity, diabetes, heart disease, hypertension, and other bone diseases. To overcome the risk, general awareness is continuously created and enthusiasm toward workout is popularized and with the increasing health-conscious population, the global home fitness equipment market is anticipated to grow in the forecast years. Moreover, the geriatric population is prone to cardiovascular diseases and for their post op trainings, cardiovascular training equipment are in demand due to increasing geriatric population and thereby supporting the growth of the global home fitness equipment market in the next five years.
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The global home fitness equipment market is segmented by type, category, distribution channel, regional distribution, and competitional landscape. Based on the type, the market is further bifurcated into treadmills, elliptical machines, stationary cycles, rowing machines, and others. Treadmills are anticipated to hold the largest market segment due to popularity of the product among the population and the cost affective advantage over other product types.
Moreover, the treadmills are available in the market with the advanced features of the varied settings for the complete workout. Variations like straight walks, running treadmills and inclined treadmills have added to the consumer inclination toward the product thereby aiding the growth of the market segment in the upcoming five years. Stationary cycles are very feasible and smaller fitness equipment that provide easier installation and convertible models also provide the advantage of simpler usability and easy storage for the smaller homes that cannot afford to have separate rooms for home gyms thereby hold the significant shares of the market and supporting the growth of the market in the next five years.
Based on the category, the market is differentiated between cardiovascular training equipment, and strength training equipment. Cardiovascular training equipment are anticipated to hold the larger revenue shares of the market and assert their dominance over the market on the account of surge in the demand due to rising cases of cardiovascular diseases. Also, due to COVID-19 coronavirus, the number of patients suffering from the cardiovascular diseases and pulmonary diseases increased exponentially.
To train the heart and lung function post treatment, the cardiovascular training equipment are utilized, and the stated factors are actively supporting the growth of the market in the upcoming five years. Strength training equipment are also expected to show a significant growth in the upcoming five years owing its growth to the factors like demand from the young population that are inclined toward athletic physique and building stamina. Moreover, the lockdown had a severe impact over the population mental and physical health and to overcome the setback, large population tried for a healthier method of dealing with the lockdown thereby supporting the growth of the market in the next five years.
Holding the major shares of the global home fitness equipment market are Anta International Limited (Amer Sports Oyj), Nautilus Inc., Johnson Health Tech. Co. Ltd, Origin Fitness Ltd (Anytime Leisure Limited), Dyaco International Inc., Icon Health & Fitness, Inc., Amer Sports Corporation, Core Health & Fitness, LLC, Technogym SPA, Echelon Fitness Multimedia LLC, among others. Market players are actively involved in the research and technological advancement of the fitness equipment.
Various features like monitoring the heartrate, calories, blood pressure, weight of the body, along with the calculation of the workout performed added in the equipment is driving the growth of the advancing fitness equipment by drawing the consumer attention. Also, the market players can focus over the R & D processes that provides the solution for the consumer demand thus aiding the market players in properly popularizing and establishing their brand value in the future market. Other strategies may include partnerships, deals, and acquisitions among the market players.
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“Asia Pacific region is expected to register the fastest growing CAGR in the upcoming five years owing to the rising disposable income among the young population of the countries like China, India, Japan, South Korea, etc. Also, economic growth in the region has led to sedentary lifestyle and population being inclined toward fast food, alcoholism, and smoking, leading to unhealthy lifestyles. Staying health conscious and working out regularly is not only choice but a need in the recent times thereby driving the population toward owning the home fitness equipment to sustain their needs.
North America is the largest market holder region in the historical period and is anticipated to continue dominating the segment owing to the demand of home fitness equipment due to rising instances of obesity, diabetes, heart disease, hypertension, and other bone diseases,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Home Fitness Equipment Market By Type (Treadmills, Elliptical Machines, Stationary Cycles, Rowing Machines, Others) By Category (Cardiovascular Training Equipment, Strength Training Equipment) By Distribution Channel (Online Retail, Offline Retail) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global home fitness equipment and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global home fitness equipment market.
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