The global home gym equipment market is estimated to record a CAGR of 3.2% during the forecast period (2020-2026). Globally, around 25% of gym memberships are predicted to get canceled by gym-goers due to COVID-19. Around 35-40% of new consumers are first-time buyers and have started exercising at home due to health concerns induced by the COVID-19 scare, which has stimulated the growth of the home gym equipment market. Until 2019, the home gym equipment market had been growing steadily, but the pandemic further encouraged people to work out from home and increased the demand for home gym equipment. The competition is expected to grow in the short term for both online and offline channels. Online marketing through social media, catalogs, celebrity endorsements, and others are anticipated to drive the sales of home gym equipment during the forecast period.

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However, governments have started to relax their lockout measures for COVID-19, leading to the eventual reopening of health clubs, gyms, and fitness centers, which is expected to create a challenge for the home gym equipment market. Many countries have initiated a gradual opening of health clubs and gyms in their states, and the shift to gyms owing to their better equipment and time management will bring challenges to the market.

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Market Coverage

The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- by Product Type and Distribution Channel
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Adidas, AG, Cybex International, Inc.; Dyaco; ICON Health & Fitness; Nautilus, Inc.; TECHNOGYM S.p. A.
Global Home Gym Equipment Market Report Segment

By Product Type

Cardio Equipment
o Ellipticals

o Treadmills

o Exercise Bikes

o Others

Strength Training Equipment
o Free Weights

o Barbells & Ladders

o Extension

o Others

By Distribution Channel

Online
Offline
Global Home Gym Equipment Market Report Segment

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

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