North America Home Fitness Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The North America Home Fitness Equipment Market is segmented by Product Type (Treadmills, Elliptical Machines, Stationary Cycles, Rowing Machines, Strength Training Equipment, and Other Product Types), By Distribution Channel (Offline Retail Stores, Online Retail Stores and Direct Selling) and by Geography.

Market Snapshot

North America Home Fitness Equipment Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 2.09 %

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Market Overview

  • The North America home fitness equipment market is projected to grow at a CAGR of 2.09% during the forecast period (2020-2025).
  • The North American market has witnessed significant growth, due to the rising health awareness among consumers with the growing adoption of exercises related to physical wellbeing, weight management, improving body stamina, and muscular strength driving the market growth in the country.
  • The rising percentage of the obese population and increasing health concern are the other major factors that are driving the home fitness equipment market in the country. For instance, According to National Health and Nutrition Examination Survey, in 2016, about 39.6% of American adults were obese.
  • Furthermore, the rising preventive healthcare measures and the augmenting healthcare costs are enabling consumers to engage in regular workouts to remain fit. Additionally, with the growing demand, manufacturers operating in the global market are expanding their presence to achieve a competitive advantage in the market. For instance, In 2019, Wattbike launched Wattbike Atom in the United States with real ride feel technology. The Atom offers the authentic, intelligent, and adaptable indoor performance training experience for the home, ideal for any cyclist and fitness enthusiast.

Scope of the Report

The North America home fitness equipment market is segmented by product type, distribution channel, and geography. Based on product type, the market is segmented into treadmills, elliptical machines, stationary cycles, rowing machines, strength training equipment, and other product types. Based on the distribution channels, the market is segmented into offline retail stores, online retail stores, and direct selling. The market is also segmented by geography to include the market size, trends, and forecast for the major markets in United States, Canada, Mexico, and Rest of North America.

By Product Type
Treadmills
Elliptical Machines
Stationary Cycles
Rowing Machines
Strength Training Equipment
Other Product Types
By Distribution Channel
Offline Retail Stores
Online Retail Stores
Direct Selling
By Geography
United States
Canada
Mexico
Rest of North America

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Key Market Trends

Consumers’ Interest In Customized Workout Regimes

The busy schedule and long hours of working, crowded fitness centers, and problems regarding vehicle parking have resulted in an increasing number of consumers actively inclining towards home workouts. The home fitness equipment eliminates the inconvenience of commuting to a gym to use the machines and are highly cost-effective in the long run. The small, recurring cost incurred in transportation, workout equipment, trainer fees, and membership fees is a major factor promoting consumer inclination for home fitness equipment. nA recent survey conducted by Fitrated (website dedicated to providing consumer-friendly resources on fitness equipment, gear, and services), presented that 64.9% of American women and 36.1% men avoid the gym due to anxiety about being judged, thus resulting in significant rise in the home gym numbers in the past couple of years. Technological advancements, such as wearable self-monitoring and virtual group exercises, both of which are blurring the line between home-based workouts and gym sessions, henceforth boosting customers demand for home fitness equipment's in the region.

North America Home Fitness Equipment Market

United States Remained The Largest Market

The United States home fitness market has witnessed a significant growth, due to the rising health awareness among consumers with growing adoption of exercises related to physical wellbeing, weight management, improving body stamina, and muscular strength driving the market growth in the country. Furthermore, the rising preventive healthcare measures and the rising healthcare costs are enabling consumers to engage in regular workouts to remain fit.Thus the companies active in the country are adopting strategic measures by using interactive videos and pages on social media channels that enable the customers to get proper guidance directly from the experts, along with the equipment. Such factors are anticipated to significantly contribute to the growth of the home fitness equipment. Additionally, with the growing demand, manufacturers operating in the global market are expanding their presence to achieve competitive advantage in the United States market. For instance, In 2019, Wattbike launched Wattbike Atom in the United States with real ride feel technology. The Atom offers the authentic, intelligent, and adaptable indoor performance training experience for the home, ideal for any cyclist and fitness enthusiast.

North America Home Fitness Equipment Markert2

Competitive Landscape

The North America home fitness equipment market is highly fragmented. Icon Health & Fitness Inc., Technogym SpA, Johnson Health Tech. Co. Ltd, and Nautilus Inc. are the few prominent players in the market. Players operating in the market consider various factors to make their product more appealing to the customers; for example, players are offering products with digitally advanced applications. Also, Technogym, another prominent player in the market, became the first fitness equipment manufacturing company to introduce Apple GymKit. The company’s cardio equipment is attuned with Apple Watch using Apple GymKit technology. This will enable the consumer to track their indoor exercise by just taping their Apple watch.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters 5 Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Treadmills

      2. 5.1.2 Elliptical Machines

      3. 5.1.3 Stationary Cycles

      4. 5.1.4 Rowing Machines

      5. 5.1.5 Strength Training Equipment

      6. 5.1.6 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline Retail Stores

      2. 5.2.2 Online Retail Stores

      3. 5.2.3 Direct Selling

    3. 5.3 By Geography

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

      4. 5.3.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Nautilus Inc.

      2. 6.4.2 Wattbike Ltd.

      3. 6.4.3 Technogym SpA

      4. 6.4.4 Amer Sports

      5. 6.4.5 Johnson Health Tech. Co. Ltd

      6. 6.4.6 Echelon Fitness Multimedia LLC

      7. 6.4.7 True Fitness

      8. 6.4.8 ICON Health & Fitness INC.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The North America Home Fitness Equipment Market market is studied from 2016 - 2026.

The North America Home Fitness Equipment Market is growing at a CAGR of 2.09% over the next 5 years.

Nautilus Inc., ICON Health & Fitness INC. , Johnson Health Tech. Co. Ltd, Amer Sports, Technogym SpA, Wattbike Ltd. are the major companies operating in North America Home Fitness Equipment Market.

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