Report Overview

The Australia home fitness equipment market size is estimated to grow at a CAGR of 2.50 % between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • As per the ABS, the household spending in Tasmania on household equipment increased by 14.8% of the total in February 2023.
  • According to the LMI, in 2023 the number of individuals employed in equipment manufacturing was 121,800.
  • As per the ABS, in 2022 around 36% of individuals in the age group 18-24 years were involved in strength-gaining activity.

Australia Home Fitness Equipment Market Growth

Compound Annual Growth Rate

Value in AUD million

2.5%

2024-2032


Australia Home Fitness Equipment Market Outlook

*this image is indicative*

Based on type, the Australia home fitness equipment market share is led by strength training equipment as it helps individuals gain muscle strength and bone health

They help users to reduce weight due to the higher metabolism rate promoted by this equipment. Moreover, they also help in preventing injuries and increase the strength of the users to efficiently perform their daily tasks. They are beneficial to users suffering from joint problems as they help strengthen the ligaments and joints.

Australia Home Fitness Equipment Market Summary Description Value
Base Year AUD Million 2023
Historical period AUD Million 2018-2023
Forecast Period AUD Million 2024-2032
Market Size 2023 AUD Million 241.50
Market Size 2032 AUD Million 301.60
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 2.5%
CAGR 2024-2032 - Market by Region Australian Capital Territory 2.8%
CAGR 2024-2032 - Market by Region Victoria 2.3%
CAGR 2024-2032 - Market by Price Point Low 2.9%
CAGR 2024-2032 - Market by Distribution Channel Online 7.6%
2023 Market Share by Region Australian Capital Territory 2.0%

Australia Home Fitness Equipment Market Report

Various trends contributing to the Australia home fitness equipment market growth include the rise in connected equipment devices which aid users in attending workout sessions and recording their activity. Moreover, the demand for adjustable and portable workout equipment is increasing as they possess space-saving properties and thus are convenient to carry. They are also integrated with artificial intelligence to store the records including daily performance data and fitness goals to encourage the users to remain determined.

The innovations are being carried out in the cardio equipment which they are being installed with the treadmills and rowing machines to improve the performance of the users. Recently, in 2024 Speediance was launched in the Australia market to promote the use of home fitness equipment.

CAGR 2024-2032 - Market by Region
Australian Capital Territory 2.8%
Victoria 2.3%
New South Wales XX%
Queensland XX%
Western Australia XX%
Others XX%

Australia Home Fitness Equipment Market Segmentation

Australia Home Fitness Equipment Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • Strength Training Equipment
    • Adjustable Kettlebell
    • Mini Resistance Bands
    • Ab Wheel
    • Others
  • Accessories
    • Weighted Jump Rope
    • Foam Roller
    • Others
  • Cardiovascular Training Equipment
    • Punching Bag
    • Treadmill
    • Air Bike
    • Others

Market Breakup by Price Point

  • Low
  • Mid
  • Luxury

Market Breakup by Distribution Channel

  • Offline
  • Online

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

The Australia home fitness equipment market key players are Johnson Health Tech Australia Pty Ltd, Technogym Australia Pty Ltd, Monsta Pty Ltd, Aussie Fitness Equipment Pty Ltd, and VERVE Fitness Pty Ltd. among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 2.50% between 2024 and 2032.

The home fitness equipment market is growing with an increase in the development of connected equipment devices, AI integration, adjustable workout equipment and innovations in cardio equipment machines.

Based on the type, the home fitness equipment market is bifurcated into cardiovascular training equipment, strength training equipment and accessories.

Key players in the Australia home fitness equipment industry are Johnson Health Tech Australia Pty Ltd, Technogym Australia Pty Ltd, Monsta Pty Ltd, Aussie Fitness Equipment Pty Ltd, and VERVE Fitness Pty Ltd. among others.

Based on materials, the home fitness equipment market is divided into low, mid and luxury.

The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

Report Features Details
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Price Point
  • End Use
  • Distribution Channel
  • Region
Breakup by Product Type
  • Strength Training Equipment
    • Adjustable Kettlebell
    • Mini Resistance Bands
    • Ab Wheel
    • Others
  • Accessories
    • Weighted Jump Rope
    • Foam Roller
    • Others
  • Cardiovascular Training Equipment
    • Punching Bag
    • Treadmill
    • Air Bike
    • Others
Breakup by Price Point
  • Low
  • Mid
  • Luxury
  • Others
Breakup by End Use
  • Apartment
  • Households
  • Others
Breakup by Distribution Channel
  • Offline
  • Online
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Johnson Health Tech Australia Pty Ltd
  • Technogym Australia Pty Ltd
  • Monsta Pty Ltd
  • Aussie Fitness Equipment Pty Ltd
  • VERVE Fitness Pty Ltd.
  • Others

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