The Worldwide Home Fitness Equipment Market is Projected to reach USD 11.8 Billion by 2030, at a CAGR of 7.9%

Home Fitness Equipment Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Home Fitness Equipment Market size is expected to reach $11.8 billion by 2030, rising at a market growth of 7.9% CAGR during the forecast period.

The Mid Price segment is leading the Global Home Fitness Equipment Market by Price Point in 2022; thereby, achieving a market value of $4.9 billion by 2030. This is because the majority of individuals select budget-friendly equipment of high quality. Typically, mid-priced home fitness equipment offers an optimal balance of features, build quality, and price. Consumers perceive these products to provide exceptional value, making them an attractive choice.

The Stationary Cycles segment would showcase a CAGR of 7.6% during (2023 - 2030). In contrast to gym bikes, the home exercise bike is utilized for workouts at home. It includes the saddle, pedals, handlebars, and foot bands. Some variants of this equipment may necessitate technical knowledge to operate effectively, but training is typically only required after using the machine. Increased awareness of the importance of regular physical activity for maintaining a healthy lifestyle has fueled the growth of this home fitness equipment market segment.

The Dealers segment acquired maximum revenue share in the Global Home Fitness Equipment Market by Distribution Channel in 2022; thereby, achieving a market value of $3.7 billion by 2030. The expertise of dealers offers insightful counsel and advice on choosing the best workout equipment in accordance with consumers' fitness objectives, tastes, and spending limits. They can aid in comprehending the advantages, drawbacks, and characteristics of certain pieces of equipment. Dealers frequently carry a wide selection of exercise equipment from different brands.

The Households segment would register a CAGR of 7.3% during (2023 - 2030). Social media fitness trends, challenges, and influencers have encouraged individuals to promote home fitness and share their workout experiences. Additionally, the rising availability of fitness-related content on the internet has also aided in increasing the demand for personal exercise equipment. The increasing demand for home fitness equipment also represents the desire for accessible and individualized fitness solutions.

The North America region dominated the Global Home Fitness Equipment Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.2 billion by 2030. The Europe market is estimated to witness a CAGR of 7.5% during (2023 - 2030). Additionally, The Asia Pacific market would experience a CAGR of 8.7% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/home-fitness-equipment-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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

Global Home Fitness Equipment Market Segmentation

By Price Point

• Mid Price
• Low Price
• Premium Price

By Product

• Cardiovascular Training Equipment
• Treadmills
• Stationary Cycles
• Rowing Machines
• Free Weights
• Power Racks
• Elliptical & Others

By Distribution Channel

• Dealers
• Retailers
• Direct Distribution
• Online
• Others

By End User

• Households
• Gym in Apartment
• Apartment

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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
• Rouge Fitness

Related Reports:

North America Home Fitness Equipment Market Size, Share, 2030

• July-2023
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LAMEA Home Fitness Equipment Market Size, Forecast by 2030

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Europe Home Fitness Equipment Market Size, Forecast by 2030

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Asia Pacific Home Fitness Equipment Market Size, Trends, 2030

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