Market Trends of Smart Home Fitness/Gym Equipment Industry
Cardiovascular Training Equipment is Expected to Grow at a Faster Rate during the Forecast Period
The dominance of cardiovascular training equipment in the market is fueled by the growing awareness surrounding cardiovascular health. Cardiovascular exercise equipment elevates heart rate, promotes fat loss, and boosts endurance. Engaging in physical activity enhances metabolism and decreases stress levels. The at-home fitness equipment market is primarily led by the cardiovascular training equipment segment, driven by the escalating obesity rates. This equipment is increasingly favored by older individuals seeking to sustain their physical fitness through home-based exercise routines. The expanding elderly population has created a surge in the need for low-impact exercise equipment to help seniors maintain their physical health. Due to this demographic change, elliptical machines, recumbent bikes, upright stationary bikes, and treadmills are experiencing increased demand. According to the US Census Bureau, there are currently 52 million Americans aged 65 and older, a figure projected to reach 95 million by 2060.
North America Holds the Largest Share in the Smart Home Fitness Equipment Market
North America is poised to claim the largest market share primarily due to a higher prevalence of obesity in the region, leading to increased utilization of fitness equipment. The region faces substantial long-term health risks associated with obesity, including cardiovascular disease, stroke, Type 2 diabetes, high blood pressure, cancer, and various bone and joint issues. Consequently, North America has a heightened demand for weight management services. Given these reports and data-driven insights, consumers in the region are increasingly prioritizing their health and taking proactive measures to improve it. Post-pandemic, many individuals transformed additional spaces in their homes into gyms or activity areas, spurring the purchase of home exercise equipment.
