Home Gym Equipment Market, Size, Share, Analysis Report & Forecast to 2026


Posted October 9, 2021 by alfahadkhan2510

The global home gym equipment market is growing at a CAGR of 3.2% during the forecast period.

 
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.

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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.

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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
Cardio Equipment
Ellipticals
Treadmills
Exercise Bikes
Others
Strength Training Equipment
Free Weights
Barbells & Ladders
Extension
Others
by Distribution Channel
Online
Offline

Home Gym Equipment Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Adidas AG
Amer Sports Corp.
Cybex International, Inc.
Dyaco International
Echelon Fitness Multimedia LLC
Fitness World
Health in Motion, LLC
ICON Health & Fitness
Implus LLC
Johnson Health Tech. Co., Ltd.
Nautilus, Inc.
Nelco (India) Pvt. Ltd.
Origin Fitness, Ltd.
SportsArt, Inc.
TECHNOGYM S.p.A.
Torque Fitness USA.
TRUE Fitness
Tunturi New Fitness B.V.

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Issued By Alfahad khan
Phone +91 780-304-0404
Country India
Categories Business
Tags Home Gym Equipment Market
Last Updated October 9, 2021