The Europe smart home gym equipment market is anticipated to grow at a CAGR of 8.3% during the forecast period. The growth of the market is influenced by considerable health awareness owing to the high prevalence of chronic diseases such as obesity, cardiovascular diseases, and diabetes among others. Additionally, the hectic work life, traffic congestion, large distance from the gym will also drive the adoption of smart home gym equipment as it provides flexibility with the workout.
The Europe smart home gym equipment market is segmented based on product type and distribution channels. Based on the product type, the market is sub-segmented into treadmills, cycling machines, rowing machines, and others. The other segment contains virtual fitness trainers, walking peddles among others. Further, based on the distribution channel, the market is bifurcated into online and offline channels. Online channels will witness a lucrative growth rate during the forecast period. As per idealo, an e-commerce price comparison website, exercise equipment has witnessed sales spikes of 5,800% after the lockdown related to the COVID-19 pandemic in UK. The gyming equipment includes steppers, weight benches, exercise bikes, treadmills, rowing machines, and so on. It is due to the fact, that people are not very much confident to return to a gym after the pandemic, and thousands of people have canceled their gym membership.
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Smart home gym equipment Market Report Segment
By Product Type
- Treadmills
- Cycling Machines
- Rowing Machines
- Others
By Distribution Channel
- Online
- Offline
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Regional Analysis
Europe
- UK
- Germany
- Spain
- France
- Italy
Rest of Europe
Company Profiles
- Core Health & Fitness, LLC
- Cybex International, Inc.
- Garmin Ltd.
- JAXJOX (Zinctex Inc.)
- Peloton Interactive, Inc.
- Taurus (Sport-Tiedje GmbH)
- Technogym SpA
- Tonal Systems, Inc.
- Xiaomi Corp.
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