The research of the home fitness equipment industry presents in-depth information about value chain optimization, recent developments, import & export analysis, industry share, production analysis, trade regulations, strategic growth analysis, the impact of domestic and localized organizations, application niches, geographical expansions, emerging revenue pockets, technological innovations, product approvals, and category industry growths.
The global home fitness equipment industry is set to gain impetus from the increasing development of smart treadmills. Introduced an affordable version of a smart treadmill in the U.S. in May. As per the research the home fitness equipment industry. Size is projected to grow from USD 10.73. Billion in 2021 to USD 14.74 billion in 2028 at a CAGR of 4.6% in the forecast period. It stood at USD 10.18 billion in 2020.
Increasing Need to Prevent Diabetes and Cancer Will Favor Growth
The increasing cases of obesity across the globe are expected to propel. The home fitness equipment industry growth in the near future. The Behavioral Risk Factor Surveillance System (BRFSS) mentioned that as of September 2020, adult obesity rates now exceed 25% in 48 states, 30% in 35 states, and 35% in 12 states. Apart from that the rising awareness of the benefits of regular exercising. And heart diseases would accelerate the demand for home fitness equipment. It may hinder growth. For more information please visit Article scroll.
Key Players Focus on Acquisition Strategy to Co-develop New Products & Compete with Rivals
Companies covered in home fitness equipment industry are Icon Health & Fitness, Inc. (Utah, United States), Johnson Health Tech Co., Ltd. (Wisconsin, United States), Amer Sports Corporation (Helsinki, Finland), Core Health & Fitness, LLC (Washington, United States), Nautilus, Inc (Washington, United States), Technogym S.p.A. (Italy), Hoist Fitness Systems (California, USA), Fitness World AS (Denmark), HAMMER SPORT AG (Germany), Rogue Fitness. (Ohio, United States), and more players profiled.
The global industry for home fitness equipment houses a large number of reputed manufacturers. Most of them are participating in the acquisition strategy to develop unique products for gaining more shares. Digital Technology to Aid Home Fitness Equipment Industry.
The cardiovascular Training Equipment Segment Held the Largest Share in 2020
Based on the sales channel the industry for home fitness. Equipment is segregated into offline and online by type it is divided into strength. Training equipment and cardiovascular training equipment. Out of these the cardiovascular training equipment segment was generated. The largest home fitness equipment industry share in 2020. This growth is attributable to the rising utilization of equipment. As they help in improving the health of those living with high blood pressure diabetes and heart disease. Digital Technology to Aid Home Fitness Equipment Industry.
Rising Demand for Million-dollar Homes to Help North America Dominate
Geographically, North America procured USD 3.55 billion in terms of revenue in 2020. This growth is attributable to the rising number of million-dollar homes. It is surging the demand for home gymnasiums. Life Fitness and Precor Incorporated in the region would bolster growth. A significant growth throughout the forthcoming years. Increasing government initiatives to promote health and physical education in schools and colleges will augment growth. In December 2019 the Press Information Bureau Government of India. Health and physical education will be mandatory.
How technology is useful in the fitness industry?
Technology is useful in the fitness industry by providing tools for tracking progress, personalizing workouts, and monitoring health metrics.
What is the biggest advancement in fitness equipment technology?
The biggest advancement in fitness equipment technology is the integration of smart technology, including wearables, trackers, and apps.
What types of technology are available to help with monitoring fitness levels?
The technology available for monitoring fitness levels includes wearable devices, smartphone apps, heart rate monitors, and GPS trackers.
What technology is in trend for fitness?
The technology currently in trend for fitness includes smart wearables, virtual fitness classes, AI-based training, and mobile apps.