The global home gym equipment market is growing at a CAGR of 3.2% during the forecast period. The home gym equipment market is one of the fastest-growing industries at present owing to the COVID-19 outbreak, as many gyms and health clubs were under lockdown since Q1 2020. Hence, the consumer’s shift toward home gym was a positive driving factor for the home gym equipment industry. Home gym equipment is also driven by an increase in health awareness, the prevalence of obesity, and a rise in health consciousness. Home gym equipment is classified based on product type and sales channel in the market. The global home gym equipment market is vast, with multiple players delivering a diverse range of equipment.
Free Sample Copy @ https://www.omrglobal.com/request-sample/home-gym-equipment-market
The global 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. Market demand will remain high until 2026, and more due to the availability of online multichannel platforms as vendors increase their virtual presence through e-commerce platforms (own or third party). Offline channels too are expected to grow at a steady rate during the forecast period.
A Full Report of Home Gym Equipment Market is Available at:
The global home gym equipment market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. The global home gym equipment market saw tremendous success owing to the COVID-19 pandemic outbreak. 2020’s first quarter ended with a contraction in sales, while the second quarter onward, the market saw a surge in sales in various countries such as the UK, Germany, India, and the US. In Europe, the performance was impacted by a weakness in the UK due to Brexit issues; however, a positive trend took effect in France and Germany. In Asia-Pacific, China and India are the top two countries seeing a higher demand in the market. Pricing depends on three factors – material, transportation, and labor costs. It also varies from region to region. For instance, North America has higher labor costs but comparatively low material and transportation costs. On the other hand, Asia-Pacific sees lower labor costs but higher material and transportation costs. Hence, pricing of the product varies considerably, which affects the overall cost of the product across territories, thereby influencing demand in the market.
Home Gym Equipment Market – Segmentation
by Product Type
Strength Training Equipment
Barbells & Ladders
by Distribution Channel
Home Gym Equipment Market – Segmentation by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Amer Sports Corp.
Cybex International, Inc.
Echelon Fitness Multimedia LLC
Health in Motion, LLC
ICON Health & Fitness
Johnson Health Tech. Co., Ltd.
Nelco (India) Pvt. Ltd.
Origin Fitness, Ltd.
Torque Fitness USA.
Tunturi New Fitness B.V.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/home-gym-equipment-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404