The North America Home Fitness Equipment Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030).
As consumers grow more aware of healthy practices, which leads to the long-term health benefits of home fitness apparatus, its popularity has soared. Numerous consumers have become interested in home fitness products due to their desire to increase their daily vitality and motivation. The growing number of people participating in various fitness activities, such as bicycling, sprinting, swimming, and others, has increased demand for a product that allows users to develop stamina in the convenience of their residences.
At-home fitness equipment refers to the devices or appliances the consumer utilizes for physical exercise in the convenience of their own home to improve muscular strength, enhance endurance, and manage body weight. Treadmills, stationary bicycles, stair climbers, rowing machines, elliptical trainers, and free weights are the most popular pieces of fitness apparatus for use at home. The increasing incidence of obesity and health consciousness has largely fuelled the growth of the market.
In addition, an increase in urban population, a rise in disposable income, a rise in health awareness, a rise in the popularity of bodybuilding, and an increase in government initiatives to promote a healthy lifestyle have all contributed to the adoption of domestic fitness apparatus. In addition, the demand for residential fitness equipment is increasing in emerging markets due to a rise in disposable income, a desire for improved physical and mental health, and an increase in the popularity of bodybuilding.
The food culture in North America, which has contributed to a rise in obesity and other health problems, is one of the primary causes of the increase in fitness apparatus. To increase awareness of the importance of physical fitness, regional businesses provide fitness apparatus and collaborate with fitness/enthusiasts to present films and seminars. Based on their self-reported height and weight, nearly one in five Canadians were classified as obese in 2019, according to government data. The prevalence of obesity is increasing; consequently, more people are adopting a healthy lifestyle and exercising at home. This would increase demand for Home Fitness Equipment in the years to come.
The US market dominated the North America Home Fitness Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.0 billion by 2030. The Canada market is poised to grow at a CAGR of 9.6% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 8.7% during (2023 - 2030).
Based on Price Point, the market is segmented into Mid Price, Low Price, and Premium Price. Based on Product, the market is segmented into Cardiovascular Training Equipment, Treadmills, Stationary Cycles, Rowing Machines, Free Weights, Power Racks, and Elliptical & Others. Based on Distribution Channel, the market is segmented into Dealers, Retailers, Direct Distribution, Online, and Others. Based on End User, the market is segmented into Households, Gym in Apartment, and Apartment. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Home Fitness Equipment Market is Projected to reach USD 11.8 Billion by 2030, at a CAGR of 7.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Icon Health & Fitness, Inc. (IHF Holding, Inc.), Johnson Health Tech Co., Ltd, Amer Sports, Core Health & Fitness, LLC, Nautilus, Inc., Technogym S.p.A., Hoist Fitness Systems, PureGym Limited (Pinnacle Bidco plc), Hammer Sport AG, and Rouge Fitness
By Price Point
By Product
By Distribution Channel
By End User
By Country
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