VR Fitness Equipment Represents New Frontier for Sector
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Global Home Fitness Equipment Market
Global Home Fitness Equipment Market
Dublin, Feb. 13, 2023 (GLOBE NEWSWIRE) — The “Home Fitness Equipment Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The global home fitness equipment market is expected to grow from $15.13 billion in 2022 to $16.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The home fitness equipment market is expected to grow to $24.28 billion in 2027 at a CAGR of 10.1%.
Asia Pacific was the largest region in the home fitness equipment market in 2022. Western Europe was the second largest region in the home fitness equipment market. The regions covered in the home fitness equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Precautionary healthcare coupled with an increasing preference for customized workout regimes has contributed to the growth of the home fitness equipment market. Today people are inclined towards maintaining an active lifestyle with regular exercise which can maintain a healthy weight and decrease the risk of chronic diseases.
According to Mayo Clinic, an American nonprofit academic medical center, 150 to 300 minutes of moderate-intensity activity is needed in a week which includes physical activities such as fast walking or swimming as an important part of preventive care and to prevent weight gain. People prefer to have a customized workout and are getting trained by online experts and individual training courses in order to meet their requirements. Preventive and precautionary healthcare and customized workout regimes have increased the demand for home fitness equipment market.
Space limitation in homes is expected to limit the growth of the home fitness equipment market. People living in cities are confined to small homes or apartments to manage their expenses, which limits the amount of space for fitness equipment. According to American Council on Exercise, a treadmill or elliptical machine occupies 30 square feet, a stationary bike occupies 10 square feet, a rowing machine occupies 20…
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