Healthcare

Health Awareness Strike The Home Fitness Equipment market at High Step

       If home is where the heart is, your home gym is where you make sure your heart (and the rest of your body) is the absolute healthiest it can possibly be. Whether you have a big house with a separate room dedicated only to sweat sessions or you have to rearrange your studio furniture to be able to stretch out, you can get and stay fit at home. Home gyms can make it even easier on your schedule to squeeze in your training, but having the right gear can make all the difference.

The Home Fitness Equipment Market size was valued at $12.4 billion in 2020, and is expected to reach $15.5 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027.

Major Players in the market consist of Cybex International, Precor, Technogym, Fitnessathome, Fitness World, Johnson Health Tech, NordicTrack, ProForm, TRUE Fitness, Vectra Fitness, Woodway and HOIST Fitness Systems.

      The best home fitness equipment Weighted arm bands, weighted jump rope, Resistance bands, Medicine ball, Dumbbells, Kettlebell and Balance ball.

    2019-The partnership of Precor with Spivi allows gym owners and operators to raise the bar on in-gym experiences and help them to grow their business, retain members, and drive additional revenue.  Company is excited about the capabilities that Spivi partnership provides and looks forward to development of other digital products and services beyond indoor cycling. Fitness facilities and Spinning studios that use Spinner bikes can now seamlessly integrate the performance tracking features of Spivi into their facilities and offer an immersive workout experience to their members.

    Nov 2020- TECHNOGYM launched its brand-new retail store in Los Angeles, California. The two-floor space, located at 131 North Robertson Boulevard in the heart of the West Hollywood Design District, totals over 3,500 square feet, and has been designed to offer a real Wellness lifestyle experience and allow people to discover the best products, technologies and services for physical exercise at home. The store will also have access to experienced personal trainers and interior designers for bespoke home-gym projects and personalized consultations.

    Johnson Health Tech  announced on Feb 2020 that its Board of Directors agreed to purchase a 60 percent ownership share of Fuji Medical Instruments Mfg. Co., Ltd., the owner of the Fujiiryoki brand massage chairs, for 6.24 billion Japanese Yen (approximately $57.72M US), with the transaction to be complete in February, 2020. With this acquisition, two leaders in the fitness and wellness space will consolidate to expand the global reach of Fujiiryoki, a leading brand in the massage chair market.

     Based on type, the fitness equipment market is separated into cardiovascular training equipment, strength training equipment, and other equipment. By end user, the market segregated into home consumer, health club/gym, and other commercial user. Based on region, the fitness equipment market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America was leading in 2019. The region will offer several growth opportunities to market consumers during the forecast period. Moreover Asia-Pacific region in estimated to grow with highest CAGR during the forecast period. This attributed can be growing awareness among people about long-term consequences of such diseases has encouraged people to stay fit by working out at gyms and fitness centers. Furthermore, rapid urbanization in developing economies, increasing youth population, and rising per capita disposable income are expected to propel the adoption of fitness equipment in the region.

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