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Home Gym Equipment Market Trends

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

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Home Gym Equipment Market Trends

Wearable gadgets such as smartwatches and fitness trackers are among the important fitness technology trends that continue to gain popularity in the modern world. In the fitness technology landscape, smart home gym equipment has been gaining significant traction. Smart home gym equipment has an ergonomic and space-saving design and operates with Wi-Fi. User can connect to fitness apps and track the regular progress.

This connectivity also allows user to connect to a wide range of workout programs that regular treadmills and other gym equipment at traditional gyms lack. Another reason smart home gym equipment is gaining popularity is that it offers user personalized training programs. These workouts are tailored to user needs, fitness level, and goals. Contemporary fitness equipment redefines exercising by offering a more engaging and immersive workout experience. Users can compete or participate in online sessions.

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.