Home Fitness Equipment market is growing at a CAGR of 5.2% during 2022-2028 | Valuates Reports

News provided by

Valuates Reports

03 Aug, 2022, 16:00 GMT

BANGALORE, India, Aug. 3, 2022 /PRNewswire/ -- Home Fitness Equipment Market is segmented by Type(Cardiovascular Training Equipment, Strength Training Equipment, Others), by Application(Home Consumer, Health Clubs/Gyms, Commercial Users, Others) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Fitness Category.

Home Fitness Equipment market was valued at USD 3.84 billion in 2021, growing at a CAGR of 5.2% during 2022-2028.

Major factors driving the growth of the  Home Fitness Equipment Market

The rise in health consciousness due to the increasing prevalence of obesity, covid 19 impact, and the growing preference for fitness apps will boost the market growth during the forecast period. 

The increasing popularity of digital workout solutions and rising integration of AI and IoT-enabled smart home gym equipment will fuel the growth of the market in the coming years.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Othe-1C291/Home_Fitness_Equipment_Market

TRENDS INFLUENCING THE GROWTH OF THE HOME FITNESS EQUIPMENT MARKET

People now understand the importance of physical activity and exercise for staying fit. As many are working from home they are being drawn to at-home fitness regimes rather than traditional gym membership programs. The demand for the home fitness equipment market is expected to rise in the coming years. Several benefits are associated such as convenience, cost-effectiveness, time management, accessibility, and better focus on individual needs.

The rapid onslaught of the pandemic led to the closure of gyms and fitness clubs worldwide. There has been a dramatic shift towards virtual fitness. Video streaming platforms were flooded with tutorials and exercise guides be it for beginners or experts. Fitness apps saw a huge surge in traffic as people started getting conscious about their health. This will positively impact the expansion of the home fitness equipment market. The trend of remote working and covid 19 induced home exercise habits will continue to live on as many gym members are continuing to use digital workouts in addition to live workouts post-pandemic.

Fitness apps and smart fitness equipment provide a personalized experience to users within the comfort of their homes. They are able to track daily food intake and count calories which helps one to monitor all their workout and health progress with one click. Moreover, these apps provide personal health coaches at affordable prices and offer tips and guidelines which help individuals to meet their own customized health goals. As a result, the home fitness equipment market will grow further in the upcoming years.  A coach will educate about diet and fitness activity and one does not need to travel for long hours to get the advice.

Personal technology is penetrating every aspect of users' lives. As access to high-quality streaming video is improving people are breaking free from gym workouts in favor of personalized on-demand at-home fitness solutions that let them choose an exercise style and intensity level as per fitness needs. Modern virtual fitness will bolster the growth prospects of the home fitness equipment market as they offer options for users of all ages and skill levels.  On-demand programs are accessible anytime anywhere providing a diverse range of classes from yoga to kickboxing to bodybuilding. People do not get bored as new content is added regularly.

Many companies are introducing smart home gyms that come with weights, storage, and streaming platforms to offer guided and personalized workout sessions. They are integrated with IoT sensors that track many data points during a workout from reps to rest time. The AI algorithm assesses the information and uses this data to deliver accurate fitness guidelines. The demand for home fitness equipment will surge further in the forthcoming years. The performance tracking enables providing accurate coaching tips including strength and cardiovascular exercises.

Browse The Table Of Contents And List Of Figures At: https://reports.valuates.com/market-reports/QYRE-Othe-1C291/home-fitness-equipment

HOME FITNESS EQUIPMENT MARKET SHARE ANALYSIS

Based on product type, cardiovascular training equipment is expected to dominate in the home fitness equipment market share due to rising awareness of maintaining proper cardiovascular health.

Based on region, North America will grow the highest due to the rising obese population and increasing health awareness amongst consumers with the rapid adoption of exercises for weight management, increasing body stamina, and muscular strength.

Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Othe-1C291/Home_Fitness_Equipment_Market

Key Players

  • Cybex International
  • Precor
  • Technogym
  • Fitnessathome
  • Fitness World
  • Johnson Health Tech
  • NordicTrack
  • ProForm
  • TRUE Fitness
  • Vectra Fitness
  • Woodway
  • HOIST Fitness Systems

Inquire for Chaptercost: https://reports.valuates.com/request/chaptercost/QYRE-Othe-1C291/Home_Fitness_Equipment_Market

Buy Now for Single User + Covid-19 Impact :  https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-1C291&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS:

Click here to see related reports on Home Fitness Equipment Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

Also from this source

Neural Machine Translation (NMT) Market to Reach USD 1 Billion by 2030 with Rising Demand Across Government and Defense, B2B, and Multilingual Sectors | Valuates Reports

Neural Machine Translation (NMT) Market to Reach USD 1 Billion by 2030 with Rising Demand Across Government and Defense, B2B, and Multilingual Sectors | Valuates Reports

The Global Neural Machine Translation (NMT) market was valued at USD 464.07 Million in 2023 and is anticipated to reach USD 1019.62 Million by 2030,...
Edge AI ICs Market Forecast: USD 8132 Million by 2030 with 16.5% CAGR, Transforming Robotics, Smart Cities, and Automotive Sectors | Valuates Reports

Edge AI ICs Market Forecast: USD 8132 Million by 2030 with 16.5% CAGR, Transforming Robotics, Smart Cities, and Automotive Sectors | Valuates Reports

The global Edge AI ICs market is projected to grow from USD 3246 Million in 2024 to USD 8132 Million by 2030, at a Compound Annual Growth Rate (CAGR) ...
More Releases From This Source

Explore

Fitness/Wellness

Fitness/Wellness

General Sports

General Sports

Utilities

Utilities

News Releases in Similar Topics