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Home Gym Equipment Market Share

Report ID: GMI9499
Published Date: May 2024
Report Format: PDF

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Home Gym Equipment Market Share

Home Gym Equipment Company Market Share Analysis (2023)

Key players involve in the home gym equipment market are ICON Health & Fitness Inc., Johnson Health Tech, PENT, Precor Inc., and Schwinn accounting market share of 8-12% in 2023. Manufacturers are constantly innovating and improving their products to meet the evolving needs and preferences of consumers. This competition has resulted in a wide range of equipment options, from traditional weightlifting machines to cutting-edge, high-tech devices that incorporate virtual reality and artificial intelligence. Manufacturers are also competing based on features and functionality. This includes offering equipment with a variety of workout options, such as resistance levels, adjustable weights, and built-in workout programs. Some manufacturers are even incorporating smart technology into their products, allowing users to track their progress, set goals, and receive personalized workout recommendations.

Home Gym Equipment Market Companies

Major companies operating in the home gym equipment market include:

ICON Health & Fitness Inc.
Johnson Health Tech
Life Fitness
Nautilus, Inc
NOHrD
Nordic Track
PELOTON
PENT
Precor Inc.
PRIME Fitness USA
ProForm
Schwinn
Speediance
Technogym
Tonal Systems Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global home gym equipment market was valued at USD 11.3 billion in 2023 and will grow at 4.7% CAGR between 2024 to 2032, driven by increasing health awareness and shift towards home fitness.

The cardiovascular training equipment segment in the market reached a revenue of USD 6.6 billion in 2023 and will record USD 10.1 billion by 2032, owing to technological advancements in treadmills, stationary cycles, and elliptical instructors.

North America home gym equipment market size was USD 4.1 billion in 2023 and is expected to reach USD 6 billion by 2032, owing to the strong health and fitness culture.

ICON Health & Fitness Inc., Johnson Health Tech, Life Fitness, Nautilus, Inc, NOHrD, Nordic Track, PELOTON, PENT, Precor Inc., and PRIME Fitness USA among others.