Dwelling Health Gear Market will develop at a CAGR of 5.2% between 2022 and 2028

Bangalore, India, August 3, 2022 /PRNewswire/ — The Home Fitness Equipment Market is Segmented by Type (Cardiovascular Equipment, Strength Training Equipment, Other) and by Application (Home Consumer, Health Club/Gym, Commercial User, Other): Opportunity Analysis and Industry Forecast, 2022-2028. It is published in review reports under the Fitness category.

The Home Fitness Equipment Market has been assessed $3.84 billion in 2021 and growing at a CAGR of 5.2% between 2022 and 2028.

Key factors behind the growth of the home fitness equipment market

The rise in health awareness due to the increasing prevalence of obesity, the impact of Covid 19 and the growing preference for fitness apps will boost the market growth over the forecast period.

Rising popularity of digital workout solutions and increasing integration of AI and IoT enabled smart home fitness devices will drive the growth of the market in the years to come.

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TRENDS INFLUENCING THE GROWTH OF THE HOME FITNESS EQUIPMENT MARKET

People now understand the importance of physical activity and exercise to stay fit. With many working from home, they are more drawn to at-home fitness programs than traditional gym membership programs. Demand in the home fitness equipment market is anticipated to increase in the coming years. Several advantages are associated with it, such as convenience, cost-effectiveness, time management, accessibility and better alignment with individual needs.

The rapid onslaught of the pandemic led to the closure of gyms and fitness clubs around the world. There has been a dramatic shift towards virtual fitness. Video streaming platforms have been flooded with tutorials and how-to guides, be it for beginners or experts. Fitness apps saw a huge increase in traffic as people started becoming more conscious of their health. This will have a positive impact on the expansion of the home fitness equipment market. The trend of remote working and home exercise habits caused by Covid-19 will live on as many gym members continue to use digital workouts in addition to live workouts post-pandemic.

Fitness apps and smart fitness devices offer users a personalized experience from the comfort of their own home. They are able to track daily food intake and count calories, which helps them monitor their overall exercise and health progress in one click. In addition, these apps offer personal health coaches at affordable prices and offer tips and guidelines to help individuals achieve their own individual health goals. As a result, the home fitness equipment market is set to keep growing in the coming years. A trainer provides information on nutrition and fitness activities and you don’t have to travel for hours to get advice.

Personal technology permeates every aspect of users’ lives. As access to high-quality streaming video improves, people are moving away from gym workouts in favor of personalized, on-demand at-home fitness solutions that allow them to choose a workout style and intensity level based on their fitness needs. Modern virtual fitness will bolster the growth prospects of the home fitness equipment market as it offers options for users of all ages and skill levels. Accessible anytime, anywhere, on-demand programs offer a diverse range of classes from yoga to kickboxing to bodybuilding. People don’t get bored as new content is added regularly.

Many companies are rolling out smart home gyms equipped with weights, storage, and streaming platforms to offer guided and personalized workouts. They are integrated with IoT sensors that track many data points during a workout from reps to rest time. The AI ​​algorithm evaluates the information and uses this data to provide accurate fitness guidelines. The demand for home fitness equipment will continue to grow in the coming years. Performance tracking enables the delivery of accurate coaching tips, including strength and cardio exercises.

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MARKET SHARE ANALYSIS OF HOME FITNESS EQUIPMENT

Based on product type, cardiovascular exercise equipment is expected to dominate the home fitness equipment market share as awareness of maintaining proper cardiovascular health increases.

Based on region, North America will grow the most due to the rising obese population and increasing consumer health awareness with the rapid introduction of exercise for weight control, physical endurance and muscle strength.

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key figures

  • Cybex International
  • I pray
  • Technogym
  • fitnessathome
  • fitness world
  • Johnson Health Tech
  • Nordic Track
  • ProForm
  • REAL fitness
  • Vectra Fitness
  • wrong way
  • HOIST fitness systems

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RELATED REPORTS:

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  • The market size of heart rate monitors is estimated $14340 million in 2022 and is projected to a newly adjusted size of 18880 million US dollars until 2028 with a CAGR of 4.7% in the period under review.
  • The size of the physical fitness equipment market is estimated $15040 million in 2022 and is projected to a newly adjusted size of 19750 million US dollars until 2028 with a CAGR of 4.6% in the period under review.
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