In-depth analysis and data-driven insights on the impact of COVID-19 included in this global home gym equipment market report.
The global home gym equipment market is expected to grow at a CAGR of 8.5% during the period 2019−2025.
Key Highlights Offered in the Report:
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Home Gym Equipment Market – Segmentation
Home Gym Equipment Market by Product
Home Gym Equipment Market by Distribution Channel
Home Gym Equipment Market – Dynamics
Vendors are actively launching digitally advanced equipment, which has increased competition when it comes to technological innovations in the home gym equipment market. For instance, in 2015, Nautilus launched the Gravitron chin/dip machine and variable stride elliptical. Further, the company is expected to improve its products with eddy-current brake resistance systems, telemetric heart rate monitoring on screen, and digitally linked training programs. Vendors are expected to capture customer insights using real time sentiment data to gauge future needs in the market. Several manufacturers heavily rely on customer insights for further innovation for a competitive edge in the market. Vendors are constantly investing in smart fitness layouts with personalized AI platforms in treadmills, ellipticals, and other equipment. Fitness programs and real-time guidance will drive market growth.
Key Drivers and Trends fueling Market Growth:
Home Gym Equipment Market – Geography
Home gym equipment is a promising market in APAC due to widespread awareness among consumers and investments by vendors, which are expected to fuel demand in the near future. Also, because of factors such as a busy schedule and long hours of work, crowded fitness centers, and vehicle parking hassles in metros, consumers have been more inclined to home gyms. However, major challenges include price and size of equipment.
Home Gym Equipment Market by Geography
Major Vendors
Other Prominent Vendors
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