Home Gym Equipment Market - By Equipment Type (Cardiovascular Training Equipment and Strength Training Equipment), By Category (Smart Equipment and Conventional Equipment), By Price, Distribution Channel Forecast 2024

Description

Global Home Gym Equipment Market size will record a 4.7% CAGR between 2024 and 2032, driven by rising disposable incomes and increasing demand for personalized home gym solutions. As consumers experience higher disposable incomes, they are more inclined to invest in high-quality, customized fitness equipment that caters to their specific needs and preferences. This trend towards personalized home gym solutions enhances the appeal of diverse, advanced equipment options, driving market growth. The ability to tailor home gyms to individual fitness goals and lifestyle choices further stimulates demand and expands market opportunities.

For instance, in April 2023, Leeway Fitness introduced the new FID Gym Bench LF98, crafted from high-quality, durable iron to support a substantial weight load capacity of 250 kg. This development indicates a trend towards premium, robust fitness products designed to meet diverse workout needs and accommodate various fitness levels. It reflects growing consumer demand for high-performance home gym solutions and could drive further innovation and competition in the global market.

The home gym equipment industry is segmented based on equipment type, category, price, distribution channel, and region.

The strength training equipment segment will establish a remarkable foothold by 2032 due to its widespread appeal and effectiveness in building muscle and improving overall fitness. With increasing interest in at-home workouts and personalized fitness routines, strength training equipment like dumbbells, kettlebells, and resistance bands offer versatile and space-efficient solutions for strength building. The segment's dominance is further supported by its ability to cater to various fitness levels and goals, making it a preferred choice for home gym enthusiasts.

The offline channel segment will accumulate notable gains by 2032, attributed to its established presence and consumer preference for hands-on experiences. Physical retail stores offer customers the opportunity to test equipment, receive personalized advice, and benefit from immediate product availability. Additionally, in-store promotions and the ability to interact with knowledgeable staff enhance the purchasing experience. The tangible nature of offline shopping, combined with the strong network of fitness equipment retailers, positions it as a leading channel in the market.

Asia Pacific home gym equipment market share will achieve a noteworthy CAGR from 2024 to 2032, fueled by rapid urbanization, increasing health consciousness, and rising disposable incomes. As more individuals seek convenient and cost-effective fitness solutions at home, demand for home gym equipment is surging. Additionally, the growing trend of fitness and wellness, combined with advancements in technology and a broad range of affordable options, further supports market growth. Asia Pacific's expanding consumer base and evolving fitness culture make it a vital contributor to the global home gym equipment industry.

Product Code: 9499

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising demand for energy-efficient and sustainable cooling solutions
  - 3.2.1.2 Strict government regulations
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Limited equipment variety
  - 3.2.2.2 Competition from fitness subscriptions
3.3 Growth potential analysis
3.4 Technological landscape
3.5 Consumer buying behavior analysis
- 3.5.1 Demographic trends
- 3.5.2 Factors Affecting Buying Decision
- 3.5.3 Consumer Product Adoption
- 3.5.4 Preferred Distribution Channel
- 3.5.5 Preferred Price Range
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Equipment Type (USD Billion) (Thousand Units)

5.1 Key trends
5.2 Cardiovascular training equipment
- 5.2.1 Treadmills
- 5.2.2 Exercise bikes
- 5.2.3 Rowing machines
- 5.2.4 Elliptical and others
- 5.2.5 Stair climber/step mill
- 5.2.6 Others (Spin Bike, Cross-Trainer, Air dyne Bike, Jacob's Ladder, etc.)
5.3 Strength Training Equipment
- 5.3.1 Dumbbells
- 5.3.2 Barbells
- 5.3.3 Body bars
- 5.3.4 Kettlebells
- 5.3.5 Resistance band
- 5.3.6 Others (Stability Balls, Stability Balls, Slam Balls, TRX, etc.)

Chapter 6 Market Estimates & Forecast, By Category (USD Billion) (Thousand Units)

6.1 Key trends
6.2 Conventional equipment
6.3 Smart equipment

Chapter 7 Market Estimates & Forecast, By Price Range (USD Billion) (Thousand Units)

7.1 Key trends
7.2 Low
7.3 Medium
7.4 High/Premium

Chapter 8 Market Estimates & Forecast, By Distribution Channel (USD Billion) (Thousand Units)

8.1 Key trends
8.2 Online
- 8.2.1 E-commerce
- 8.2.2 Third party website/company website
8.3 Offline
- 8.3.1 Supermarkets/Hypermarkets
- 8.3.2 Multi-Brand stores
- 8.3.3 Sport stores/ independent departmental stores
- 8.3.4 Specialty stores/sports chain outlets

Chapter 9 Market Estimates & Forecast, By Region (USD Billion) (Thousand Units)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 ICON Health & Fitness Inc.
10.2 Johnson Health Tech
10.3 Life Fitness
10.4 Nautilus, Inc
10.5 NOHrD
10.6 Nordic Track
10.7 PELOTON
10.8 PENT
10.9 Precor Inc.
10.10 PRIME Fitness USA
10.11 ProForm
10.12 Schwinn
10.13 Speediance
10.14 Technogym
10.15 Tonal Systems Inc.

Home Gym Equipment Market - By Equipment Type (Cardiovascular Training Equipment and Strength Training Equipment), By Category (Smart Equipment and Conventional Equipment), By Price, Distribution Channel Forecast 2024 - 2032