House Fitness Equipment Market – Growth, Trends and Projection (2020 – 2025) Precautionary healthcare combined with increasing choice for customized workout routine (consisting of workout timing) and a comfortable home-friendly environment is increasing the demand for house fitness devices as the consumers are keen to exercise daily. – The space restriction mostly for bulk physical fitness equipment, such as massage chair, workout bike, workout treadmill, and cross, is a significant factor that limits the development of the home physical fitness devices market.
Key Market Trends Consumers’ Interest in Customized Workout Programs
The busy schedule and long hours of working, crowded fitness centers, and problems relating to automobile parking have resulted in an increasing number of consumers actively inclining towards house workouts. The house physical fitness equipment removes the hassle of commuting to a gym to use the machines and are highly cost-effective in the long run. The little, recurring expense incurred in transportation, workout devices, fitness instructor fees, and subscription fees is a major element promoting customer disposition for home physical fitness equipment.
The United States And Canada Leading the Global Market
The North American market has seen substantial growth, due to the rising health awareness among customers with the growing adoption of workouts associated with physical wellbeing, weight management, enhancing body stamina, and muscular strength driving the marketplace growth in the country. The increasing percentage of the overweight population and increasing health concern are the other major factors that are driving the house fitness equipment market in the country. According to National Health and Nutrition Evaluation Study, in 2016, about 39.6% of American grownups were overweight. The increasing preventive healthcare measures and the augmenting health care expenses are making it possible for consumers to engage in routine exercises to remain fit. Furthermore, with the growing need, producers running in the international market are broadening their presence to attain a competitive advantage in the market. For example, In 2019, Wattbike introduced Wattbike Atom in the United States with genuine trip feel technology. The Atom offers the authentic, intelligent, and adaptable indoor efficiency training experience for the house, ideal for any cyclist and physical fitness lover.
Competitive Landscape The worldwide home fitness equipment market is highly competitive, with the existence of various local and global gamers operating in the market. Johnson Health Tech acquired specialized fitness retailer Leisure Physical fitness, Newark, Delaware, in order to expand its item portfolio.