Market Overview
The global Home Gym Equipment Market Analysis is expected to exhibit a stable 4.41% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The report projects that the global Home Gym Equipment Market Analysis is expected to reach a valuation of USD 6.34 billion by 2024. The report provides a comprehensive overview of the market’s major drivers and restraints, providing a detailed economic analysis of the global market. The leading players operating in the global market are also profiled in the report.
The global Home Gym Equipment Market Analysis has been primarily driven by the growing technological innovation in the field of exercise equipment and the increasing availability of low-cost wearables that provide the user detailed information about various parameters about their health. Increasing development of digitally equipped exercise equipment has been a major driver for the Home Gym Equipment Market Analysis over the last few years. The increasing desire among consumers to work out daily in order to maintain higher fitness standards has been a major driver for the Home Gym Equipment Market Analysis. Technological advancement in home gym equipment has allowed the development of a wide range of home gym equipment that can be used by customers in comfortable home surroundings. Equipment such as stationary bicycles and weight workout stations have become extremely portable, which, added to the boons of 21st century marketing and shipping, have driven the global market at a strong growth rate over the last few years.
Key Players
Leading players in the global Home Gym Equipment Market Analysis include Cybex International Inc., Icon Health & Fitness Inc., Nautilus Inc., Technogym SpA, Johnson Health Tech Co. Ltd., Amer Sports Oyj, True Fitness Technology Inc., Vectra Fitness Parts LLC, Hoist Fitness Systems Inc., Hammer Sport AG, DHZ Fitness Europe GmbH, Tunturi New Fitness BV, Fitness EM LLC, and Kettler (GB) Ltd.
Market Segmentation:
The global market is segmented on the basis of equipment type, distribution channel, and region.
By equipment type, the global Home Gym Equipment Market Analysis is segmented into cardiovascular training equipment and strength training equipment. The cardiovascular training equipment segment is likely to dominate the global Home Gym Equipment Market Analysis over the forecast period due to the growing popularity of cardiovascular training exercises and the growing prevalence of cardiovascular diseases.
By distribution channel, the global market is segmented into store-based and non-store-based. The store-based channel dominates the global market due to the availability of a wide range of home gym equipment in stores as well as the possibilities of discounts and special offers.
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Regional Analysis
North America is likely to be the dominant regional market in the global Home Gym Equipment Market Analysis due to the growing prevalence of obesity in the region, which has driven the demand for exercise equipment in recent years. Asia Pacific is also likely to exhibit rapid growth in the global market, due to the high volume of the regional market and the growing presence of local manufacturers in countries such as China and Japan.
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