Home Gym Equipment Market

As per Market Research Future Analysis, the Global Home Gym Equipment Market was valued at USD 6.10 billion in 2023 and is projected to grow to USD 9.76 billion by 2032, with a CAGR of 5.50% from 2024 to 2032. The market is driven by increasing health consciousness and rising rates of cardiovascular diseases and obesity. The COVID-19 pandemic initially hindered growth due to lockdowns, but recovery is anticipated by late 2024. Key segments include cardiovascular training equipment, which holds the largest market share, and strength training equipment, which is expected to see increased demand. Distribution channels are split between store-based and non-store-based, with both showing positive growth trends. North America leads the market, followed by Europe and the Asia-Pacific region.

Cybex International, Inc. (U.S.), Impulse (Qingdao) Health Tech Co., Ltd (China), Kettler (GB) Limited (U.K.), Fitness EM LLC. (U.S.), Tunturi New Fitness B.V. (Netherlands), DHZ Fitness Group GmbH (Germany), Hammer Sport AG (Germany), HOIST Fitness Systems, Inc. (U.S.), Vectra Fitness Parts LLC. (U.S.), True Fitness Technology, Inc. (U.S.), Amer Sports Oyj (Finland), Johnson Health Tech. Co., Ltd (U.S.), Technogym SpA (Italy), Nautilus, Inc. (U.S.), Icon Health & Fitness, Inc. (NordicTrack) (U.S.)

• In 2021, the North American region holds the largest market share in the home gym equipment industry in the global market and dominates in the global market.
• In June 2021, a partnership has been declared between NovoFit (having fitness equipment business in Australia) with Amer Sports brand, Peecor to increase the strength by capturing a larger market in the global market.
• In October 2021, the first Bowflex indoor cycling Bike was launched by Nautilus Inc. which can be affordable by middle-class range and has much less price than the Peloton Bike. It was launched to increase the fitness drive among all the peoples.
• In April 2022, a new partnership has been seen between Ironman World Championship, Ironman Virtual Racing Series events, Ironman 70.3 World Championship, and Technogym SpA to provide indoor training to the athletes.