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Global Home Fitness Equipment Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Amer Sports Corp. and Core Health & Fitness LLC | Technavio

The global home fitness equipment market size is expected to grow by USD 657.43 million as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%. Request Free Sample Report on COVID-19 Impacts

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200914005744/en/

Technavio has announced its latest market research report titled Global Home Fitness Equipment Market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on "Home Fitness Equipment Market Analysis Report by Distribution Channel (Offline and Online) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/home-fitness-equipment-market-industry-analysis

The market is driven by the rising incidence of obesity population. In addition, the product innovation is anticipated to boost the growth of the Home Fitness Equipment Market.

The number of individuals identified as overweight and obese is on the rise worldwide. While obesity and overweight issues have been common in high income countries, they are on the rise in low and middle-income countries, particularly in urban settings. One of the reasons for this is the increasing consumption of fast food or junk food because of the convenience they offer. Excess weight and obesity have a significant impact on cancer rates. Women are twice as likely to develop obesity-related cancer compared to men. The most common forms are postmenopausal breast, endometrial, and colon cancer. Thus, this has created a market for home fitness equipment to improve productivity and health. The demand for treadmills, elliptical, and stationary bikes is increasing as they help in aerobic and strength training workouts. Thus, rising obesity is expected to drive the growth of the market.

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Major Five Home Fitness Equipment Companies:

Amer Sports Corp.

Amer Sports Corp. has business operations under three segments: outdoor, ball sports, and fitness. The company offers a wide range of home fitness equipment through its Precor brand under the product categories of Ellipticals, Treadmills, Adaptive Motion Trainer, Stationary Bikes, Spinning, Core & Stretching, Climber, Strength, and Accessories.

Core Health & Fitness LLC

Core Health & Fitness LLC operates its business through various segments such as consoles and displays, main floor cardio, indoor cycling bikes, HIIT zone, and weightroom. The company offers home fitness equipment such as StairMaster 8G, Schwinn AC Performance, StairMaster HIIT Rower, and StairMaster SM3 under its Schwinn and StairMaster brands.

Dyaco International Inc.

Dyaco International Inc. has business operations under three geographic segments: Asia, Americas, and Europe. The company offers home fitness equipment such as treadmills, bikes, ellipticals and steppers, and rowers through its Spirit, Sole, Xterra, and UFC brands.

Icon Health & Fitness Inc.

Icon Health & Fitness Inc. operates its business through various segments such as NordicTrack, iFit, ProForm, Freemotion, and Weider. The company offers home fitness equipment under several categories such as treadmills, bikes, elipticals, strength, HIIT trainers, rowers, stationary bikes, and incline trainers through its NordicTrack, ProForm, and FREEMOTION brands.

Impulse (Qingdao) Health Tech Co. Ltd.

Impulse (Qingdao) Health Tech Co. Ltd. offers home fitness equipment such as Impulse HG5 Multi Gym, Impluse IF Olympic Flat Bench, and Impulse IF Power Rack.

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Home Fitness Equipment Market Distribution Channel Outlook (Revenue, USD mn, 2020-2024)

  • Offline - size and forecast 2019-2024

  • Online - size and forecast 2019-2024

Home Fitness Equipment Market Regional Outlook (Revenue, USD mn, 2020-2024)

  • North America - size and forecast 2019-2024

  • Europe - size and forecast 2019-2024

  • APAC - size and forecast 2019-2024

  • South America - size and forecast 2019-2024

  • MEA - size and forecast 2019-2024

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200914005744/en/

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