Home Fitness Equipment Industry Statistics

In this post, we will explore the latest statistics and trends shaping the global home fitness equipment industry. From the market size and revenue distribution to growth projections and consumer preferences, the data provides valuable insights into the evolving landscape of home gym equipment. Let’s dive into the numbers that highlight the dynamic nature of the home fitness equipment market.

Statistic 1

"The global home fitness equipment market size was estimated at USD 10.73 billion in 2020."

Statistic 2

"The home fitness equipment industry is projected to grow at a rate of 2.86% annually from 2021 to 2026."

Statistic 3

"The treadmill segment accounted for the highest revenue of USD 3.06 billion in 2020 in the home fitness equipment market."

Statistic 4

"In 2020, the U.S. homes fitness equipment market size was USD 3.89 billion."

Statistic 5

"By 2024, the global home fitness equipment industry is expected to reach $14.74 billion."

Statistic 6

"The strength training segment in the home fitness industry is anticipated to expand at a CAGR of 4.3% from 2021 to 2028."

Statistic 7

"In 2020, about 59% of all exercise or fitness equipment purchases were for home use."

Statistic 8

"In 2019, the Asia Pacific region showed the highest growth rate of 6.7% in the home fitness equipment industry."

Statistic 9

"The online segment for home fitness equipment sales showed a CAGR of 4.28% from 2016 to 2021."

Statistic 10

"The global market for home fitness equipment is expected to grow by 5.81% from 2022 to 2026."

Statistic 11

"From 2016 to 2020, the market for home training equipment grew by 44% in Japan."

Statistic 12

"In North America, over 25% of people use fitness and health services/products like home fitness equipment."

Statistic 13

"Elliptical machines segment held the largest share of above 20% in the home fitness equipment market in 2020."

Statistic 14

"The global home gym equipment market for cardiovascular devices held the largest revenue share of 73.3% in 2020."

Statistic 15

"Europe held a significant market share of almost 30% in the global home fitness equipment market in 2020."

Statistic 16

"Smart connected home gym equipment showed a growth rate of 8.5% annually from 2019 to 2023."

Statistic 17

"About 54% of home fitness equipment users prefer using bikes as a part of their home gym."

Statistic 18

"In 2020, the rowing machine segment in the home fitness equipment industry was worth USD 993.8 million."

Statistic 19

"The market share of home fitness equipment for aerobic activity was about 60% in 2019."

Statistic 20

"Home gym equipment use among Americans has grown by 30% since the outbreak of the COVID-19 pandemic."

The global home fitness equipment market is experiencing steady growth, fueled by a shift towards at-home exercise solutions, technological advancements, and health awareness trends. The market size was estimated at USD 10.73 billion in 2020, with projections indicating continuous expansion, especially in segments like strength training and smart connected home gym equipment. The popularity of specific equipment like treadmills, elliptical machines, and rowing machines is evident from their significant market shares. Regions like North America and Asia Pacific are key drivers of this growth, with online sales playing a pivotal role. The surge in demand for home fitness equipment, particularly during the COVID-19 pandemic, underscores the industry’s resilience and potential for further expansion.