At-Home Fitness Equipment Market Analysis by Size, Share, Growth, Trends, Opportunities and Forecast (2023-2030)

0
0

Economic growth describes an increase in the quantity and quality of the economic goods and services that a society produces and consumes. A rise in disposable income across counties signifies the increased standard of living which is leading to the rise in demand for at-home fitness equipment owing to the growing trend of bodybuilding among consumers.

According to the UnivDatos Market Insights analysis, Global At-home Fitness Equipment Market was valued at US$ 11.15 billion in 2022 and displaying an elevated CAGR of 5.5% over the forecast period (2023-2030).

For More Detailed Analysis in PDF Format, Visit- https://univdatos.com/get-a-free-sample-form-php/?product_id=47648

Thereby, boosting the market of the at-home fitness equipment market. For instance, As per OCED, the household disposable income across several countries such as Australia, Austria, Canada, France, and many others witnessed a significant rise during 2018-2019. In Canada, the gross adjusted household disposable income per capita was USD 39,005.5 in 2020. Additionally, the increasing obese and overweight population globally and rising health concerns coupled with the desire to maintain their physical and mental well-being are some of the other significant factors that are driving the home fitness equipment market. For instance, nearly 73% of US adults are overweight or obese. Out of these, 42% of American adults had obesity and 10% were severely obese, while another 30.7% were overweight.

The recent COVID-19 pandemic has disrupted the world like never before and is bringing economies to a halt. It was estimated that the global pandemic will cause a decline in major economies GDP by at least 2.9% over 2020. However, this forecast was already restated to a GDP loss of 4.5%. The coronavirus outbreak has put lockdown restrictions all over the world has brought gym and fitness institutes to a standstill which has influenced many fitness enthusiasts to work out at their homes which is positively impacting the at-home fitness equipment market. Also, the coronavirus pandemic has also influenced many non-fitness enthusiasts to give more importance to their physical and mental health which in turn is also propelling the market growth.

A rise in seed funding and series funding is one of the prominent reasons which are driving the market of at-home fitness equipment. For instance, in April 2021, the Silicon Valley fitness platform, Tempo who rolled out its at-home exercise programs in February 2020 has raised $220 million in a Series C funding round led by SoftBank Vision Fund, as per Yahoo.

Explore the Comprehensive Research Overview - https://univdatos.com/report/at-home-fitness-equipment-market-2

Browse Related Trending Reports of UnivDatos Market Insights:

India Travel Insurance Market: Current Analysis and Forecast (2024-2032)

India 3PL Market: Current Analysis and Forecast (2024-2032)

Deepfake AI Market: Current Analysis and Forecast (2024-2032)

India Catheter Market: Current Analysis and Forecast (2024-2032)

Generative AI Cybersecurity Market: Current Analysis and Forecast (2024-2032)

Conclusion

As of July 2023, the at-home fitness equipment market has seen significant growth in recent years due to the rise of remote work and the pandemic. This has led to an increased demand for products such as treadmills, exercise bikes, and smart scales. However, there are also challenges such as supply chain disruptions and increased competition from established brands. Despite these challenges, the at-home fitness equipment market is expected to continue growing in the future, driven by the convenience and accessibility it offers to consumers.

Contact Us:

UnivDatos Market Insights

Contact Number - +1 9782263411

Email - contact@univdatos.com 

Website - www.univdatos.com

LinkedIn- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/

Реклама
Поиск
Реклама
Категории
Больше
Бизнес
High Performance Data Analytics (HPDA) Market Size, Share, Trends, Business Strategies, Revenue, Leading Players, Opportunities and Forecast 2030
Market Research Future Insights According to MRFR analysis, the global High-Performance Data...
От Chaitali Deshpande 2023-03-20 08:49:21 0 813
Товары и магазины
Master the Game: Score Di María's RTTK Card in FIFA Ultimate Team
Introduction About Ángel Di María Ángel Fabián Di...
От Xtameem Xtameem 2024-03-14 16:36:49 0 532
Хорошее здоровье
folding cartons packaging Market Industry, is booming with strong Size,Share prospects
The size of the Food Service Packaging Market Industry was USD 124.96 billion in 2022...
От Wilson John 2023-12-16 12:27:54 0 732
Кино
Containers as a Service Market Size & Trends | Research Report [2032]
Unlocking the Potential: Exploring the Containers as a Service Market In the ever-evolving...
От Shraddha Nevase 2024-06-10 09:08:13 0 329
Музыка
Technical Textile Market 2023 Key Players, New Industry Updates by Customers Demand, Global Size, Leading Players, Analysis, Sales Revenue and Forecast 2029
Technical Textile Market was valued US$ 218.5 Bn in 2022 and is expected to reach 338.49 Bn...
От Shital Chaudhari 2023-10-03 10:39:37 0 1K