07 Oct 2020
Home Fitness Equipment Market is anticipated to witness USD 23.27 Billion by 2025 with the CAGR of 13.1% from USD 11.16 Billion in 2018 .
Any machine or equipment required for physical exercise to control overall weight, improve physical strength, and build muscle that can be used or installed in the home is Home Fitness Equipment.Due to increase in health awareness, the demand for fitness equipment has increased worldwide. Rise in health consciousness have vigorously boosted the growth of the global fitness equipment market.Installing fitness equipment at home has some key benefits like time flexibility,, comfortability,convenience,safe to use,long term monetary benefit by saving membership fees of gyms,privacy, home-friendly environment. Number of manufacturers investing in launching apps providing a digital platform for the customers to select their online classes with differents workout routines,various weekly,monthly or yearly pakages also personal trainers for home visits for specific requirements. Coronavirus (COVID-19) has brought along various changes in market conditions with literally affecting every aspect of life.
Preventive health care, coupled with a growing preference for personalized exercise programs (including exercise time) and a comfortable environment at home, as clients want to exercise every day, is boosting the growth of global home fitness equipment market. There has been significant increase in the healthcare spending and rising health consciousness are another factors stimulating the growth of home fitness equipment market. As per American medical association (AMA), the health care spending increased by around 3.9% in year 2017 to $3.5 trillion in US. Surging number of deaths caused due to obesity is increasing concerns among the population which is prompting them to adopt cardiovascular training equipment. As per the Health Survey for England conducted in 2014, 61.70% of the adults were obese Consumers are eating more and more healthy foods and adopting strict exercise methods to help control body weight, skin health, boost immunity and increase energy levels, thereby improving overall health of the body. However, the limitation of space at home primarily for bulk fitness equipment and the high initial cost involved are the factors that is restraining the growth of global home fitness equipment market. There is significant opportunity in mainly the urban, semi-urban and metro cities where in the residential complexes are adopting equipment’s in their clubs.
Asia pacific is expected to Witness the Fastest Growth in the Global Home fitness equipment Market
North America has been the market leader so far followed by Europe region and it is expected that North America remains dominant in future as well in the Global Home fitness equipment market with the increasing popularity of people's health, weight management and physical and muscle training methods coupled with increase in consumer awareness of health. The rising percentage of the obese population and increase in health concerns are also driving the growth of this market. As per the data by National Health and Nutrition Examination Survey, in 2016, around 39.6% of American adults were facing obesity issues. Moreover, the presence of numerous health clubs and the corporate adoption of healthy living at workplaces, in the region is predicted to boost the growth of home fitness equipment market. Due to population growth and rapid urbanization in countries like China and India, the fitness equipment market in the Asia-Pacific region is expected to experience the highest growth over the forecasted period. In addition, it is believed that the younger generation's preference for bodybuilding will promote the growth of the fitness equipment market in the APAC region.
Nautilus ia an American globally marketer, developer, and manufacturer of fitness equipment brands. Founded in 1986 with headquartered in Vancouver, Washington. With a rich history and reputation as an innovative company building the best cardio also strength equipment for home and commercial use Nautilus, Inc. is known as an iconic industry leader. The company specialists in fitness Equipment, Direct Marketing, Bowflex, Schwinn Fitness, Nautilus, Innovation, Digital Products, and Retail Sales.
News- Nautilus, Inc. Disrupts Home Fitness with First Dual-Mode Indoor Cycling Bike.
ToggleNautilus, Inc. Partners with SEKO Logistics to Provide Distribution of Home Fitness Equipment in Europe.
True Fitness manufactures premium cardio and strength fitness products for both the commercial and retail market. The company specialists in treadmills, strength, exercise bikes, cardio, total-body elliptical trainers, fitness, running, biking, flexibility, health, and group training. Headquartered in St. Louis, Missour . The company remained committed to safely providing the premium, responsive shipping .
Michael Jeffrey as International Sales Director of TRUE Fitness announced recently. TRUE Fitness Announced EGYM Compatibility which is expected to bloom in the market.
Johnson Health Tech is a multinational company engaged in the manufacturing and sale of exercise equipment. Founded in 1975; 45 years ago by Peter Lo .Headquartered in Taichung, Taiwan .The company specialists in Commercial fitness equipment design, manufacturing and sales and Residential home fitness equipment design, manufacturing and sales.
Technogym manufactures fitness equipments. The company was founded in 1983 by Nerio Alessandri. Headquartered in Cesena, Italy. Customised solutions and products are provided to private homes, fitness clubs, hotels, spas, rehabilitation centers, corporate gyms, universities, professional sports facilities etc. The company is one of leading manufacturers of state-of-the-art fitness equipment.Timeless Italian design and innovative technology are the key driving factors that largerly contributes to the market growth of the company globally. The company specialists in Fitness facility management software, sport, and wellness company, Premium home and commercial fitness equipment, customisation.
NordicTrack is an American private company that manufactures treadmills, strength training equipment, ellipticals, exercise bikes also accessories which are best known for its classic Nordic ski machine, low-impact exercisers, ellipticals, and incline trainers. Founded in 1975 by Edward Pauls, Chaska MN USA. Headquartered in Logan, Utah, United States.
News- THE STRATEGIST NAMES THE NORDICTRACK COMMERCIAL 1750 BEST OVERALL AT HOME TREADMILL. MEN'S HEALTH NAMES NORDICTRACK IN "10 BEST CARDIO MACHINES". OUTSIDE MAGAZINE LOVES IFIT AND THE NORDICTRACK RW900 ROWER
Icon Health & Fitness is a manufacturer, developer, and marketer of exercise equipments. Founded in 1977 in Utah by Scott Watterson Gary E. Stevenson. Headquartered in Logan, Utah, United States. Considering the technology and innovation ICON has become the fitness industry’s leader.The company specialists in Health, Fitness, Exercise, and Equipments. iFit, NordicTrack, ProForm, Freemotion, Weider, Weslo, Gold's Gym, etc. are the most well known and successful brands in the health and fitness globally.
News- ICON HEALTH & FITNESS ANNOUNCES $200 MILLION GROWTH INVESTMENT LED.
IFIT INTERACTIVE FITNESS DONATES ONE MILLION MASKS TO STATE OF UTAH. OUTSIDE MAGAZINE LOVES IFIT AND THE NORDICTRACK RW900 .
Beunswick Corporation an American corporation that has been developing, manufacturing and marketing company. Founded in September 15, 1845 by John Moses Brunswick.Headquartered in Mettawa.The company specialists in Manufacturing, Boats, Engines and propulsion, Marine and Technology.The Company has grown to become a global leader in the marine industry. Innovation, while leveraging best practices and veteran industry knowledge are the main focus and driving force of the company.
Brunswick Corporation (NYSE: BC) Chief Executive Officer Dave Foulkes has been named by Boating Industry Magazine as its 2020 Mover and Shaker of the Year.
Amer Sports is a sporting goods company. The company is founded in 1950; 70 years ago. Headquartered in Helsinki, Uusimaa, Finland.With internationally very recognized brands including Salomon, Arc’teryx, Peak Performance, Atomic, Suunto, Wilson and Precor. The company seeks to develop new and better sporting goods that appeal to consumers through their excellent research and development activity. Amer Sports net sales total valued EUR 2,678.2 million in the year 2018.
Amer Sports announced Senior Management changes.
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