Home Fitness Equipment Market size to grow by USD 2.01 Bn; North America to occupy 39% market share -- Technavio

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Oct 11, 2022, 22:00 ET

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- The global home fitness equipment market size is expected to grow by USD 2.01 billion, accelerating at a CAGR of 7.73% between 2021 and 2026. The report identifies North America as the key market for home fitness equipment. The presence of a large population that is health-conscious and able to afford home fitness equipment is creating significant growth opportunities for vendors operating in the region. The report provides a detailed analysis of the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions. Download Sample PDF Report Now

Technavio has announced its latest market research report titled Global Home Fitness Equipment Market 2022-2026

Market Dynamics

The market is primarily driven by the increased demand for home fitness equipment. The demand for home fitness equipment has been increasing across the world, especially among millennials. In addition, the consistent issue of time constraints, especially among working professionals, is encouraging people to purchase home fitness equipment to undertake workouts without stepping out of their houses. Also, the increasing awareness about the importance of a healthy lifestyle has led to a rise in the demand for home fitness equipment. All these factors are contributing to the growth of the market.

In addition, the rising obese population and product innovation leading to portfolio extension and product premiumization are expected to further drive the growth of the market. However, the rising popularity of other forms of workouts will reduce the growth momentum in the market.

Company Profiles

The home fitness equipment market report includes information on the product launches, sustainability, and prospects of leading vendors including:

Dyaco International Inc.: The company offers rowing machines such Concept2 RowErg.
Fitness At Home: The company offers realistic commercial-grade water rowing machines, upper body ergometers, and cycle cross trainers in the market.
HOIST Fitness Systems Inc: The company offers rowing machines such as Newport plus Red, Newport plus reserve, and Viking 2 plus reserve.
Icon Health and Fitness Inc: The company offers indoor rowing machines designed for full-body workouts.
Impulse Qingdao Health Tech Co. Ltd.: The company offers rowing machines such as hydrow rower and foam roller.
Core Health and Fitness LLC
Johnson Health Tech
Life fitness
Nautilus Inc
Origin Fitness Ltd
Paradigm Health and Wellness Inc.
RFE International
TECHNOGYM SpA
Torque Fitness
True Fitness Technology Inc.
Tunturi New Fitness BV
Wattbike Ltd
WOODWAY Inc
XMark Fitness

Competitive Analysis

The competitive scenario provided in the home fitness equipment market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Request Sample Report Here

Market Segmentation by Distribution Channel

By distribution channel, the market is classified into offline and online segments.
The steady rise in the number of stores that offer home fitness equipment is driving the growth of the segment. Also, the increased availability of home fitness equipment in retail outlets to meet the growing demand will fuel the growth of the segment.

Market Segmentation by Region

By geography, the market is classified as North America, Europe, APAC, South America, and the Middle East and Africa.
North America will have the largest share of the market. About 39% of the market growth will come from North America during the forecast period. Factors such as the rise in health consciousness and government initiatives to encourage fitness activities are driving the growth of the regional market.

Related Reports:

Home Fitness Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.73%
Market growth 2022-2026	USD 2.01 billion
Market structure	Fragmented
YoY growth (%)	6.97
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 39%
Key consumer countries	US, China, Germany, Italy, and France
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Core Health and Fitness LLC, Dyaco International Inc., Fitness At Home, HOIST Fitness Systems Inc, Icon Health and Fitness Inc, Impulse Qingdao Health Tech Co. Ltd., Johnson Health Tech, Life fitness, Nautilus Inc, Origin Fitness Ltd, Paradigm Health and Wellness Inc., RFE International, TECHNOGYM SpA, Torque Fitness, True Fitness Technology Inc., Tunturi New Fitness BV, Wattbike Ltd, WOODWAY Inc, and XMark Fitness
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

5.1 Market segments

Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

5.2 Comparison by Distribution Channel

Exhibit 26: Chart on Comparison by Distribution Channel
Exhibit 27: Data Table on Comparison by Distribution Channel

5.3 Offline - Market size and forecast 2021-2026

Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)

5.4 Online - Market size and forecast 2021-2026

Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Distribution Channel

Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 France - Market size and forecast 2021-2026

Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)

7.12 Italy - Market size and forecast 2021-2026

Exhibit 78: Chart on Italy - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Italy - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Italy - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 Core Health and Fitness LLC

Exhibit 89: Core Health and Fitness LLC - Overview
Exhibit 90: Core Health and Fitness LLC - Product / Service
Exhibit 91: Core Health and Fitness LLC - Key offerings

10.4 Dyaco International Inc.

Exhibit 92: Dyaco International Inc. - Overview
Exhibit 93: Dyaco International Inc. - Business segments
Exhibit 94: Dyaco International Inc. - Key offerings
Exhibit 95: Dyaco International Inc. - Segment focus

10.5 Icon Health and Fitness Inc

Exhibit 96: Icon Health and Fitness Inc - Overview
Exhibit 97: Icon Health and Fitness Inc - Product / Service
Exhibit 98: Icon Health and Fitness Inc - Key offerings

10.6 Impulse Qingdao Health Tech Co. Ltd.

Exhibit 99: Impulse Qingdao Health Tech Co. Ltd. - Overview
Exhibit 100: Impulse Qingdao Health Tech Co. Ltd. - Product / Service
Exhibit 101: Impulse Qingdao Health Tech Co. Ltd. - Key offerings

10.7 Johnson Health Tech

Exhibit 102: Johnson Health Tech - Overview
Exhibit 103: Johnson Health Tech - Product / Service
Exhibit 104: Johnson Health Tech - Key offerings

10.8 Life fitness

Exhibit 105: Life fitness - Overview
Exhibit 106: Life fitness - Product / Service
Exhibit 107: Life fitness - Key offerings

10.9 Nautilus Inc

Exhibit 108: Nautilus Inc - Overview
Exhibit 109: Nautilus Inc - Business segments
Exhibit 110: Nautilus Inc - Key news
Exhibit 111: Nautilus Inc - Key offerings
Exhibit 112: Nautilus Inc - Segment focus

10.10 Origin Fitness Ltd

Exhibit 113: Origin Fitness Ltd - Overview
Exhibit 114: Origin Fitness Ltd - Product / Service
Exhibit 115: Origin Fitness Ltd - Key offerings

10.11 TECHNOGYM SpA

Exhibit 116: TECHNOGYM SpA - Overview
Exhibit 117: TECHNOGYM SpA - Product / Service
Exhibit 118: TECHNOGYM SpA - Key offerings

10.12 Tunturi New Fitness BV

Exhibit 119: Tunturi New Fitness BV - Overview
Exhibit 120: Tunturi New Fitness BV - Product / Service
Exhibit 121: Tunturi New Fitness BV - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 122: Inclusions checklist
Exhibit 123: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 124: Currency conversion rates for US$

11.4 Research methodology

Exhibit 125: Research methodology
Exhibit 126: Validation techniques employed for market sizing
Exhibit 127: Information sources

11.5 List of abbreviations

Exhibit 128: List of abbreviations

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