May 02, 2023 -- The United States home fitness equipment market size was valued at USD 4.81 billion in 2022 and is projected to grow from USD 5.09 billion in 2023 to USD 8.50 billion in 2030 at a CAGR of 7.59% during the forecast period.

The fitness trend that fueled the home fitness equipment market in 2022 was driven by rising health consciousness among Americans. Due to inactivity, high calorie intake and decreased physical activity, the obese population in the U.S. is growing, which is causing serious health issues. As a result, the prevalence of obesity is rising, and people are becoming more aware of the health advantages of using this equipment. According to the non-profit health organization Trust for America's Health's report, "The State of Obesity 2020: Smarter Policies for a Healthy America," the obesity prevalence in America has climbed from 26.0% of the population in 2008 to 42.4% in 2020. Fortune Business Insights presents this information in their report titled "United States Home Fitness Equipment Market, 2023–2030."

Report Scope & Segmentation:

Segments:

Cardio Advantages Make the Cardiovascular Training Equipment Segment Command a Sizeable Share of the Market

Based on equipment type, the market is segmented into three categories, cardiovascular training equipment, strength training equipment, and others.

Equipment used for cardiovascular exercise significantly controls blood pressure and heart rate. Due to the large demand from the American population for cardiovascular training equipment such as treadmills, rowers, stationary bikes, and others to maintain their cardio health, the cardiovascular training equipment segment commands a significant market share. Further segmental development will be fueled by the increasing popularity of treadmills and stationary bikes as indoor alternatives to jogging and cycling outside.

Due to Growing Popularity of E-Commerce Sites, the Online Sector Now Accounts for a Sizable Portion of the Market

By sales channel, the market is divided into online and offline.

The rising adoption of online shopping for exercise items among the U.S. population mainly drives the online segmental growth. For instance, a major international e-commerce behemoth such as Amazon.com Inc. reported a 38% increase in its U.S. revenue, which was expected to hit USD 386.1 billion in 2020. Pop-up advertising tactics were used by major players such as Rogue Inc., TRUE Technology Inc., and others to boost website traffic and product sales, which boosted online sales and supported the expansion of the online sector.

COVID-19 Impact:

Body Exercise's Growing Relevance in the Face of the COVID-19 Pandemic will Drive Market

Several people chose to stay inside during the pandemic in order to prevent contacting the corona virus and to adhere to social conventions of social isolation. Fitness enthusiasts utilize home fitness equipment to preserve their health and increase their physical endurance and muscle strength. Also, throughout the pandemic, Americans' increasing knowledge of the value of establishing regular exercise routines has sped up product demand in the U.S. The demand for workout equipment among Americans increased significantly in 2020 as a result of these factors.

Read more: https://www.globenewswire.com/news-release/2023/05/02/2659116/0/en/United-States-Home-Fitness-Equipment-Market-to-Hit-USD-8-50-Billion-by-2030-with-a-CAGR-7-59.html