North American home gym equipment market is growing at a CAGR of 2.8% attributed to the rising health awareness among consumers and the trend in workouts related to physical well-being, weight control, and muscle strength. The rising percentage of the obese population and other growing health issues are also driving the country's home gym equipment market. Apart from the above, the major factor currently driving the market is the COVID-19 outbreak and its lockdown implications in the fitness industry. Because of this, online sales surpassed offline sales.
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The North American home gym equipment market is segmented based on product type, and distribution channel. Based on product type, the home gym equipment market is fragmented into cardio equipment, which is further sub-segmented into ellipticals, treadmills, exercise bikes, and others; and strength training equipment, which is further sub-segmented into free weights, barbells & ladders, extensions, and others. Based on the distribution channel, the market is classified into online and offline. Treadmills, elliptical, exercise bikes, and weightlifting and power training machines have been the most extensively used gym equipment in North America. correspondingly, cardiovascular fitness equipment led the market share in 2019 and is projected to maintain its dominance over the forecast period. This is because treadmills are widely accepted for home exercise and are considered one of the most convenient and essential home gym equipment.
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The market study of the North American home gym equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
North American Home Gym Equipment Market – Segmentation
by Product Type
Strength Training Equipment
Barbells & Ladders
by Distribution Channel
North American Home Gym Equipment Market – Segmentation by Region
Core Health & Fitness, LLC.
Echelon Fitness Multimedia LLC
Health in Motion, LLC
HOIST Fitness Systems
ICON Health & Fitness
Johnson Health Tech. Co., Ltd.
Origin Fitness, Ltd.
TECHNOGYM USA Corp.
Torque Fitness USA
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