According to the report analysis, ‘Global Home Fitness Equipment Market 2021-2031 by Product Type (Cardiovascular Training, Strength Training), Grade (Low-end, Mid-grade, High-end), End User (Houses, Condos, Others), Distribution Channel (Dealers, Specialty Stores, Online, Retail Stores), and Region: Trend Forecast and Growth Opportunity’ states that Amer Sports Oyj, Corepump, HOIST Fitness Systems, ICON Health & Fitness Inc., Johnson Health Tech. Co., Ltd., JTX Fitness, Keiser Corporation, Louis Vuitton, NOHrD, Nordic Track, PELOTON, PENT, Precor Inc., ProForm, Schwinn, Technogym SpA, Tonal Systems Inc., True Fitness, Vectra Fitness, York Barbell and many more are the foremost companies which presently working in the global home fitness equipment market more proficiently for ruling around the globe, registering the great value of market share, obtaining the competitive edge, leading the highest market growth and generating the highest percentage of revenue by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of home fitness equipment, delivering the better customer satisfaction, decreasing the associated prices of such, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of home fitness equipment, establishing the several research and development programs and improving the qualitative and quantitative measures of such.
The commonly utilized at-home fitness equipment are treadmills, stationary cycles, stair climbers, rowing machines, elliptical, and free weights. The requirement for at-home fitness equipment has augmented globally, due to increment in health awareness. The effective growth in prevalence of obesity and increment in health consciousness have majorly boosted the global at-home fitness equipment market growth. Not only has this, upsurge in urban population, growing disposable income, augmenting the health consciousness, increasing trend of bodybuilding, and growth in government initiatives to promote healthy life have propelled the implementation of at-home fitness equipment. Further, the requirement for the at-home fitness equipment in the emerging markets is growing due to rise in disposable income, desire to manage the physical and mental health, and growing trend of bodybuilding.
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The incorporation of artificial intelligence (AI) and machine learning technology in the at-home fitness equipment underwrites towards the growth of the global home fitness equipment market. It is projected that the AI-based personal trainer is the forthcoming trend in the at-home fitness equipment market. Tech giants such as Google and Apple are employed in developing their smart wearable devices that can virtually guide and help users based on health data collection. Therefore, these technological improvements are expected to be the propelling factor of the global home fitness equipment market in the foreseeable future.
North America leads in terms of market share; however, Europe is projected to increase with highest CAGR throughout the forecast period. High disposable income, augmented health consciousness, and growing number of obese populations in the Europe will lead to augmented adoption of exercising and good food habits. Moreover, there is augmented the incidence of lifestyle syndromes such as obesity, diabetes, heart disease, hypertension, and other bone diseases. The effective growth in awareness among people about long-term consequences of such diseases has motivated people to stay fit by working out frequently at home.
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Global Home Fitness Equipment Market Growth Rate
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