The Global Home Fitness Equipment Market is expected to reach a value of US$ 15.54 Billion by 2028, at a CAGR of 3.3% over the forecast period (2022 – 2028) - Digital Journal

2022-07-30 03:20:38 By : Mr. Mike Lu

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According to the latest research by SkyQuest Technology, the Global Home Fitness Equipment Market was valued at US$ 11.98 Billion in 2021, and it is expected to reach a value of US$ 15.54 Billion by 2028, at a CAGR of 3.3% during the forecast period of 2022 – 2028. The research provides up-to-date home fitness equipment market analysis of the current market landscape, latest trends, drivers, and overall market environment.

Sales of exercise equipment used at home make up the home fitness equipment market. The term “home fitness equipment” refers to tools and machinery used for performing and observing physical exercises at home in order to control weight, increase endurance, build muscle strength, enhance personality and appearance, burn excess fat, simulate heart rate, or treat and recover from medical conditions in addition to maintaining general health and fitness.

The market is made up of the money that the businesses that produce home exercise equipment make from the sales of their goods. Treadmills, ellipticals, rowing machines, strength training equipment, other, and by applications into homes, small gyms, offices, and others are the primary product kinds of home fitness equipment. A stationary exercise equipment called an elliptical allows users to walk, run, or climb stairs without overtaxing their joints and therefore decreasing the risk of impact injuries. It is sold through direct selling, offline and online retail establishments, and is utilized in homes, small gyms, workplaces, and other places.

Read market research report, ” Global Home Fitness Equipment Market by Type (Cardiovascular Training Equipment/Strength Training Equipment), By Sales Channel (Online and Offline), & By Region – Forecast and Analysis 2022-2028” by SkyQuest

Click Here to Download and Understand Latest Key Trends:

https://skyquestt.com/sample-request/home-fitness-equipment-market

On the global market, Asia Pacific is predicted to have a significant presence. The market is expanding as a result of the increased number of dual-income households and the resulting surge in expenditure on home exercise equipment. For instance, according to information that the Korean Times reported in June 2020, it was projected that in 2019, almost half of all married couples in South Korea will have two sources of income. Additionally, the local government is making efforts to advance health and physical education in classrooms, which have gained support. For instance, according to information released by the Press Information Bureau of the Government of India in December 2019, health and physical education are required in India for students in grades 1 through 10.

Due to its high per capita income, Europe is predicted to have significant growth. The amount spent on personal health and fitness goods, such as home exercise equipment, would go up. For instance, according to data made public by Trading Economics, the per capita income of the European Union in 2019 is as follows: Germany: USD 47,628, France: USD 44,317, Italy: USD 35614, and the United Kingdom: USD 43688. Additionally, a significant portion of the population in Europe who engage in regular exercise has significantly increased demand. For instance, according to information provided by Play Time.Org in March 2018, 40% of individuals in Europe participate in physical activity at least once each week.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Home Fitness Equipment Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Speak with our analyst for more information:

https://skyquestt.com/speak-with-analyst/home-fitness-equipment-market

What does this Report Deliver?

SkyQuest has segmented the Global Home Fitness Equipment Market based on Type, Sales Channel, and Region:

Key Players in the Global Home Fitness Equipment Market

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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