With a predicted valuation of $14.12 billion by 2031 and a consistent annual growth rate of 3.4% over the forecast period from 2021 to 2031, the worldwide Home Fitness Equipment Market is expected to experience significant expansion in the years to come. Numerous important variables, including greater product innovation, extensive customisation of fitness equipment, and rising investments in home fitness equipment, particularly in light of the COVID-19 pandemic, can be credited with this growth.
A growing number of people are choosing home-based fitness options as a result of the global pandemic, which has caused a paradigm shift in the fitness business. The need for home fitness equipment has been fueled by the closure of gyms and fitness facilities as well as the desire for social isolation. The market's manufacturers are concentrating on product innovation, providing a comprehensive selection of cutting-edge fitness tools and apparatus that meet the specific requirements and preferences of customers. The appeal of home fitness equipment is being further increased by customization possibilities like individualised training plans, interactive screens, and adjustable resistance levels.
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Additionally, as people prioritise their health and wellness, the epidemic has resulted in greater investments in home fitness equipment. Consumers are prepared to spend money on high-end fitness equipment because of the convenience and flexibility that home fitness solutions offer. Additionally, the global market for home fitness equipment is expanding due to the rising trend in homecare spending, which includes spending on exercise equipment.
Highlighted with 83 tables and 83 figures, this 168-page report “Global Home Fitness Equipment Market 2021-2031 by Product Type (Cardiovascular Training, Strength Training), Grade (Low-end, Mid-grade, High-end), End User (Houses, Condos, Others), Distribution Channel (Dealers, Specialty Stores, Online, Retail Stores), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global home fitness equipment market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
View Report Scope and Latest Developments in the Market:
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global home fitness equipment market in every aspect of the classification from perspectives of Product Type, Grade, End User, Distribution Channel, and Region.
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Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Cardiovascular Training Equipment
o Stationary Cycles
o Treadmills
o Rowing Machines
o Elliptical and Others
- Strength Training Equipment
o Free Weights
o Barbells & Ladders
o Extension Machines
o Other Strength Training Equipment
Based on Grade, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Low-end Products
- Mid-grade Products
- High-end Products
By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Houses and Townhomes
- Apartments and Condos
- Other End Users
Based on Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Dealers
- Specialty Stores
- Online Shops
o Direct Online Stores
o Third Party Websites
- Retail Stores
- Other Distribution Channels
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Product Type, End User, and Distribution Channel over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Amer Sports Oyj
Corepump
HOIST Fitness Systems
ICON Health & Fitness Inc.
Johnson Health Tech. Co., Ltd.
JTX Fitness
Keiser Corporation
Louis Vuitton
NOHrD
Nordic Track
PELOTON
PENT
Precor Inc.
ProForm
Schwinn
Technogym SpA
Tonal Systems Inc.
True Fitness
Vectra Fitness
York Barbell
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Article source: https://article-realm.com/article/Business/46877-Home-Fitness-Equipment-Market-Opportunities-and-Future-Trends-2022-to-2032.html
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