Rubber bands known as resistance bands are used for strength training and come in four different weight categories: light, medium, heavy, and extra heavy. Customers like heavy-duty resistance bands since regular use of them aids in muscle toning and increases overall body strength.
Additionally affordable and portable while travelling, these bracelets. Numerous resistance band workouts can be performed in a confined space. Every major muscle group has a recommended exercise included in a resistance band kit.
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Resistance bands are therefore becoming more widely used for at-home workouts to stay fit and healthy. Additionally, producers in the Home Fitness Equipment Market are developing novel forms of resistance bands that are especially created to train particular body regions like the legs, chest, etc.
Like every other industry, the Covid-19 pandemic will affect the global home fitness equipment market too. On one side, reduced manufacturing and logistical issues will peg back market growth in the near term. On the flip side, due to lockdowns across the world, home working out has taken off, which bodes well for the growth of the home fitness market.
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Global sales of the home fitness equipment market reached US$ 3.9 Bn in 2019. According to PMR’s report, the home fitness equipment market is estimated to register a CAGR of 5% during the forecast period of 2020-2030. North America will hold the largest market share in the global home fitness equipment market in 2020, followed by Europe, owing to rise in per capita spending on junk food, leading to unhealthy and sedentary lifestyles.
This has increased the prevalence of chronic diseases such as diabetes, heart diseases, obesity, hypertension, and other bone diseases. Moreover, consumers in developed regions are considerably shifting their focus toward more in-house fitness equipment. East Asia is expected to expand at the highest CAGR during the forecast period, owing to rise in government initiatives to promote the usage of home fitness products in order to avoid health problems.
Home Fitness Equipment Market: Segmentation
PMR’s research study on the global home fitness equipment market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The home fitness equipment market is segmented on the basis of product, application, end user, sales channel, and region. Every segment is analyzed in detail, and data pertaining to the growth of each segment has been included in the study.
Product
- Punching Bags
- Treadmills
- Manual Treadmills
- Automatic Treadmills
- Dumbbells
- Adjustable Dumbbells
- Fixed Dumbbells
- Cycles
- Stationary Cycles
- Air Bikes
- Elliptical Machines
- Weightlifting Benches
- Resistance Bands
- Others
Application
- Cardiovascular Training
- Strength Training
- Others
End User
- Male
- Female
Sales Channel
Direct
Indirect
- Hypermarkets/
- Supermarkets
- Specialty Stores/ Sports Chain Outlets
- Multi-brand Stores
- Discount Stores
- Independent Departmental Stores
- Sports Stores
- Online Retailers
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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