The global at-home fitness equipment market size was US$ 7.1 billion in 2021. The global at-home fitness equipment market is forecast to grow to US$ 12.8 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The growing awareness about a healthy lifestyle will primarily propel the growth of the global at-home fitness equipment market. In addition to that, busy schedules will also drive the demand for the at-home fitness equipment market over the forecast period.
The availability of a wide range of multifunctional fitness equipment will contribute to the market growth. Companies are also working on developing more efficient multifunctional fitness equipment that requires less space and is capable for multiple types of workouts. As a result, it will boost the growth of the at-home fitness equipment market.
High disposable income and rising interest in workouts and gyms will also surge the growth of the at-home fitness equipment market during the study period. On the contrary, the availability of various alternatives to home workouts may limit the market growth during the study period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, governments of various countries imposed lockdown, which forced gym operators to close their doors. As a result, the demand for at-home fitness equipment also increased. Moreover, doctors also emphasized the high requirement to work out and exercise regularly. Thus, it surged the growth of the at-home fitness equipment market. Celebrities and fitness experts adopted social media platforms as a way to influence others and demonstrate their skills. The demand for at-home fitness equipment also surged due to this factor. After the pandemic, fitness has become a major priority for the people. Thus, it will benefit the at-home fitness equipment market even in the coming years.
Regional Analysis
On the basis of Region, North America is expected to dominate the global at-home fitness equipment market. It is majorly due to the presence of a wide range of fitness enthusiasts in the region. Furthermore, many professionals in the region offer online training to the people, which is likely to lead the at-home fitness equipment market forward. Technological advancements and growing disposable income will also contribute to the growth of the at-home fitness equipment market. In addition, growing health-cautiousness among people will surge the demand for home exercise. As a result, the market for at-home fitness equipment will witness lucrative growth opportunities during the study period.
Competitors in the Market
Market Segmentation
The global at-home fitness equipment market segmentation focuses on Product, Distribution Channel, End-Users, Price, and Region.
By Product Type Outlook
By Distribution Channel Outlook
By End-Users Outlook
By Price Outlook
By Regional Outlook
