Product Code: MRFR/CR/10447-HCR
Market Overview
Fitness Equipment Home & Gym Training Market is projected to exhibit a CAGR of 5.86% during the review period. The rising well-being mindfulness among purchasers combined with a significant number of individuals with diabetes and heftiness is a crucial component supporting its market development.
Other than this, expanding tendency towards advanced innovation is another component helping its market development. For instance, the up-and-coming age of wearable fitness innovation is included fitness trackers, which are pedometers and current substitutions. Various fitness-related measurements, including steps taken, pulse, calories consumed, and others, are recorded. Smartwatch components, for example, telephone notice cautions, are turning out to be progressively integrated into wearable fitness equipment, like FitBit's line of fitness trackers.
Financial development reports a flood in the amount and nature of the monetary labor and products that are created by society and consumed. An ascent in expendable profit over the regions uncovers the developing way of life that is prompting the rising interest for home fitness equipment because of the developing pattern of fitness and lifting weights among buyers. In this manner, developing the market of the home fitness equipment market.
Market Segmentation
Strength training equipment and cardiovascular training equipment are the two categories into which the fitness equipment home and gym training market is divided based on product type. The Market is divided into residential and commercial segments based on the application.
Men, women, unisex, and children are the different segments of the global fitness equipment home & gym training market based on demographics. The home and gym fitness equipment market has been divided into mass and premium/luxury categories based on price. The market is split into recreational and professional segments based on end users. Based on distribution channels, the market is segmented into supermarkets and hypermarkets, specialty stores, online, and others.
Regional Insights
North America is the largest region in the fitness equipment home & gym training market with a market share of 37.13% in 2021.
The North America fitness equipment home & gym training market is expected to expand at a robust rate over the projected period, according to Market Research Future.
Europe's fitness equipment home & gym training market accounts for the second largest market share as of 2021. Germany and the UK are among the largest markets for fitness equipment in Europe, with a high level of disposable income and a strong culture of fitness. In the UK, companies like Life Fitness and Precor have a strong presence in the market, offering a range of innovative solutions for home and commercial use.
The Asia Pacific region is one of the fastest-growing markets for fitness equipment, both for home and gym training.
Major Players
The leading players in the fitness equipment home and gym training industry are Johnson Health Tech Co., Ltd. (Republic of China), Technogym S.p.A. (Italy), Trisport AG (Switzerland), Nautilus, Inc. (United States), Echelon Fitness Multimedia LLC. (England), Peloton Interactive, Inc. (USA), iFit Inc. (United States), Dyaco (Republic of China), Anta Sports Products Limited (China), Life Fitness (United States), Rogue Fitness (Coulter Ventures, LLC), and Accel Group (Tuntri New Fitness B.V.) (The Netherlands).
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 19
- 1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY PRODUCT TYPE 22
- 1.2 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY APPLICATION 23
- 1.3 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY END USER 24
- 1.4 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY DEMOGRAPHICS 25
- 1.5 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY PRICING 26
- 1.6 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY DISTRIBUTION CHANNEL 27
- 1.7 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY REGION 28
2 MARKET INTRODUCTION 29
- 2.1 DEFINITION 29
- 2.2 SCOPE OF THE STUDY 29
- 2.3 RESEARCH OBJECTIVE 30
- 2.4 MARKET STRUCTURE 30
- 2.5 KEY BUYING CRITERIA 31
3 RESEARCH METHODOLOGY 32
- 3.1 RESEARCH PROCESS 32
- 3.2 PRIMARY RESEARCH 33
- 3.3 SECONDARY RESEARCH 34
- 3.4 MARKET SIZE ESTIMATION 35
- 3.5 FORECAST MODEL 36
- 3.6 LIST OF ASSUMPTIONS & LIMITATIONS 37
4 MARKET DYNAMICS 38
- 4.1 INTRODUCTION 38
- 4.2 DRIVERS 39
- 4.2.1 RISING HEALTH AWARENESS AMONG THE CONSUMERS 39
- 4.2.2 INCREASING INCLINATION TOWARDS DIGITAL TECHNOLOGY TO AID MARKET GROWTH 39
- 4.2.3 DRIVER IMPACT ANALYSIS 40
- 4.3 RESTRAINTS 40
- 4.3.1 HIGH COST OF THE PRODUCT TO HAMPER MARKET GROWTH 40
- 4.3.2 RESTRAINT IMPACT ANALYSIS 41
- 4.4 OPPORTUNITIES 41
- 4.4.1 INCREASING PRODUCT LAUNCHES BY KEY MANUFACTURERS IN THE MARKET 41
- 4.5 CHALLENGES 42
- 4.5.1 LACK OF AWARENESS REGARDING PROPER USAGE OF FITNESS EQUIPMENT AMONG CONSUMERS 42
5 MARKET FACTOR ANALYSIS 43
- 5.1 VALUE CHAIN ANALYSIS 43
- 5.1.1 RAW MATERIAL PROCUREMENT 44
- 5.1.2 MANUFACTURING 44
- 5.1.3 PACKAGING 44
- 5.2 SUPPLY CHAIN ANALYSIS 45
- 5.2.1 RAW MATERIALS SOURCING 46
- 5.2.2 MANUFACTURING 46
- 5.2.3 DISTRIBUTION 46
- 5.2.4 END-USER 46
- 5.3 PORTER'S FIVE FORCES MODEL 47
- 5.3.1 BARGAINING POWER OF SUPPLIERS 48
- 5.3.2 BARGAINING POWER OF BUYERS 48
- 5.3.3 THREAT OF NEW ENTRANTS 48
- 5.3.4 THREAT OF SUBSTITUTES 49
- 5.3.5 INTENSITY OF RIVALRY 49
- 5.4 IMPACT OF COVID-19 PANDEMIC ON GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET 49
- 5.4.1 IMPACT ON PRODUCTION 50
- 5.4.2 IMPACT ON CONSUMER BUYING BEHAVIOUR 50
- 5.4.3 IMPACT ON ONLINE VS OFFLINE SALES 50
- 5.4.4 IMPACT ON PRICING 51
- 5.4.5 IMPACT ON OVERALL GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET 51
6 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET,
BY PRODUCT TYPE 52
- 6.1 INTRODUCTION 52
- 6.1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET ESTIMATES & FORECAST,
BY PRODUCT TYPE, 2020-2030 53
- 6.2 CARDIOVASCULAR TRAINING EQUIPMENT 54
- 6.2.1 CARDIOVASCULAR TRAINING EQUIPMENT: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 54
- 6.3 STRENGTH TRAINING EQUIPMENT 55
- 6.3.1 STRENGTH TRAINING EQUIPMENT: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 55
7 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY APPLICATION 56
- 7.1 INTRODUCTION 56
- 7.1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET ESTIMATES & FORECAST,
BY APPLICATION, 2020-2030 57
- 7.2 RESIDENTIAL 58
- 7.2.1 RESIDENTIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 58
- 7.3 COMMERCIAL 59
- 7.3.1 COMMERCIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 59
8 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET,
BY DEMOGRAPHICS 60
- 8.1 INTRODUCTION 60
- 8.1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET ESTIMATES & FORECAST,
BY DEMOGRAPHICS, 2020-2030 61
- 8.2 MEN 62
- 8.2.1 MEN: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 62
- 8.3 WOMEN 62
- 8.3.1 WOMEN: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 62
- 8.4 UNISEX 63
- 8.4.1 UNISEX: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 63
- 8.5 KIDS 63
- 8.5.1 KIDS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 63
9 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY PRICING 64
- 9.1 INTRODUCTION 64
- 9.1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET ESTIMATES & FORECAST, BY PRICING,
2020-2030 65
- 9.2 PREMIUM/LUXURY 66
- 9.2.1 PREMIUM/LUXURY: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 66
- 9.3 MASS 66
- 9.3.1 MASS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 66
10 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY END USER 67
- 10.1 INTRODUCTION 67
- 10.1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET ESTIMATES & FORECAST,
BY END USER, 2020-2030 68
- 10.2 RECREATIONAL 69
- 10.2.1 RECREATIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 69
- 10.3 PROFESSIONAL 69
- 10.3.1 PROFESSIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 69
11 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET,
BY DISTRIBUTION CHANNEL 70
- 11.1 INTRODUCTION 70
- 11.1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET ESTIMATES & FORECAST,
BY DISTRIBUTION CHANNEL, 2020-2030 71
- 11.2 SUPERMARKETS & HYPERMARKETS 72
- 11.2.1 SUPERMARKETS & HYPERMARKETS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 72
- 11.3 SPECIALTY STORES 72
- 11.3.1 SPECIALTY STORES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 72
- 11.4 ONLINE 73
- 11.4.1 ONLINE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 73
- 11.5 OTHERS 73
- 11.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 73
12 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET, BY REGION 74
- 12.1 INTRODUCTION 74
- 12.1.1 GLOBAL FITNESS EQUIPMENT HOME & GYM TRAINING MARKET ESTIMATES & FORECAST, BY REGION,
2020-2030 75
- 12.2 NORTH AMERICA 76
- 12.2.1 US 80
- 12.2.2 CANADA 82
- 12.2.3 MEXICO 84
- 12.3 EUROPE 87
- 12.3.1 GERMANY 91
- 12.3.2 UK 93
- 12.3.3 FRANCE 96
- 12.3.4 SPAIN 98
- 12.3.5 ITALY 101
- 12.3.6 REST OF EUROPE 103
- 12.4 ASIA-PACIFIC 106
- 12.4.1 CHINA 110
- 12.4.2 INDIA 112
- 12.4.3 JAPAN 114
- 12.4.4 AUSTRALIA & NEW ZEALAND 116
- 12.4.5 REST OF ASIA-PACIFIC 118
- 12.5 REST OF THE WORLD 121
- 12.5.1 SOUTH AMERICA 124
- 12.5.2 MIDDLE EAST 127
- 12.5.3 AFRICA 129
13 COMPETITIVE LANDSCAPE 132
- 13.1 INTRODUCTION 132
- 13.1.1 MARKET STRATEGY ANALYSIS 132
- 13.2 COMPETITIVE BENCHMARKING 133
- 13.2.1 INTRODUCTION 133
- 13.2.2 PRODUCT PORTFOLIO 134
- 13.2.3 REGIONAL PRESENCE 134
- 13.2.4 STRATEGIC ALLIANCES 134
- 13.2.5 INDUSTRY EXPERIENCES 134
- 13.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 134
- 13.3.1 INVESTMENT 134
- 13.3.2 MERGER & ACQUISITIONS 135
- 13.3.3 PRODUCT LAUNCH 136
- 13.3.4 STRATEGIC COLLABORATION 141
- 13.3.5 DEVELOPMENT 141
- 13.3.6 PARTNERSHIP 141
- 13.3.7 EXPANSION 144
- 13.3.8 CAMPAIGN 146
- 13.3.9 BRANDING 146
14 COMPANY PROFILES 147
- 14.1 JOHNSON HEALTH TECH CO., LTD. 147
- 14.1.1 COMPANY OVERVIEW 147
- 14.1.2 FINANCIAL OVERVIEW 148
- 14.1.3 PRODUCTS OFFERED 148
- 14.1.4 KEY DEVELOPMENTS 150
- 14.1.5 SWOT ANALYSIS 152
- 14.1.6 KEY STRATEGIES 152
- 14.2 TECHNOGYM S.P.A. 153
- 14.2.1 COMPANY OVERVIEW 153
- 14.2.2 FINANCIAL OVERVIEW 154
- 14.2.3 PRODUCTS OFFERED 155
- 14.2.4 KEY DEVELOPMENTS 156
- 14.2.5 SWOT ANALYSIS 158
- 14.2.6 KEY STRATEGIES 159
- 14.3 TRISPORT AG 160
- 14.3.1 COMPANY OVERVIEW 160
- 14.3.2 FINANCIAL OVERVIEW 160
- 14.3.3 PRODUCTS OFFERED 160
- 14.3.4 KEY DEVELOPMENTS 162
- 14.3.5 SWOT ANALYSIS 163
- 14.3.6 KEY STRATEGIES 163
- 14.4 NAUTILUS, INC. 164
- 14.4.1 COMPANY OVERVIEW 164
- 14.4.2 FINANCIAL OVERVIEW 165
- 14.4.3 PRODUCTS OFFERED 166
- 14.4.4 KEY DEVELOPMENTS 167
- 14.4.5 SWOT ANALYSIS 169
- 14.4.6 KEY STRATEGIES 169
- 14.5 ECHELON FITNESS MULTIMEDIA LLC. 170
- 14.5.1 COMPANY OVERVIEW 170
- 14.5.2 FINANCIAL OVERVIEW 170
- 14.5.3 PRODUCTS OFFERED 170
- 14.5.4 KEY DEVELOPMENTS 171
- 14.5.5 KEY STRATEGIES 171
- 14.6 PELOTON INTERACTIVE, INC. 172
- 14.6.1 COMPANY OVERVIEW 172
- 14.6.2 FINANCIAL OVERVIEW 173
- 14.6.3 PRODUCTS OFFERED 174
- 14.6.4 KEY DEVELOPMENTS 174
- 14.6.5 SWOT ANALYSIS 176
- 14.6.6 KEY STRATEGIES 176
- 14.7 IFIT INC. 177
- 14.7.1 COMPANY OVERVIEW 177
- 14.7.2 FINANCIAL OVERVIEW 178
- 14.7.3 PRODUCTS OFFERED 178
- 14.7.4 KEY DEVELOPMENTS 179
- 14.7.5 SWOT ANALYSIS 180
- 14.7.6 KEY STRATEGIES 180
- 14.8 DYACO 181
- 14.8.1 COMPANY OVERVIEW 181
- 14.8.2 FINANCIAL OVERVIEW 182
- 14.8.3 PRODUCTS OFFERED 182
- 14.8.4 KEY DEVELOPMENTS 183
- 14.8.5 SWOT ANALYSIS 184
- 14.8.6 KEY STRATEGIES 184
- 14.9 ANTA SPORTS PRODUCTS LIMITED 185
- 14.9.1 COMPANY OVERVIEW 185
- 14.9.2 FINANCIAL OVERVIEW 186
- 14.9.3 PRODUCTS OFFERED 186
- 14.9.4 KEY DEVELOPMENTS 187
- 14.9.5 SWOT ANALYSIS 187
- 14.9.6 KEY STRATEGIES 188
- 14.10 LIFE FITNESS 189
- 14.10.1 COMPANY OVERVIEW 189
- 14.10.2 FINANCIAL OVERVIEW 189
- 14.10.3 PRODUCTS OFFERED 189
- 14.10.4 KEY DEVELOPMENTS 190
- 14.10.5 SWOT ANALYSIS 191
- 14.10.6 KEY STRATEGIES 191
- 14.11 ROGUE FITNESS (COULTER VENTURES, LLC) 192
- 14.11.1 COMPANY OVERVIEW 192
- 14.11.2 FINANCIAL OVERVIEW 192
- 14.11.3 PRODUCTS OFFERED 192
- 14.11.4 KEY DEVELOPMENTS 193
- 14.11.5 SWOT ANALYSIS 193
- 14.11.6 KEY STRATEGIES 194
- 14.12 ACCELL GROUP (TUNTURI NEW FITNESS B.V.) 195
- 14.12.1 COMPANY OVERVIEW 195
- 14.12.2 FINANCIAL OVERVIEW 196
- 14.12.3 PRODUCTS OFFERED 196
- 14.12.4 KEY DEVELOPMENTS 197
- 14.12.5 SWOT ANALYSIS 197
- 14.12.6 KEY STRATEGIES 198