The Europe smart home gym equipment market is anticipated to grow with a considerable CAGR of 8.3% during the forecast period (2020-2026). The increasing engagement of the people towards overall health management is expected to be the leading factor fuelling the growth of the European smart home gym equipment industry. It is mainly due to the rising obesity level, high prevalence of chronic diseases such as diabetes and CVD among others. The smart home gym equipment provides a personalized workout regime at the comfort of home. Additionally, the increasing number of domestic as well as global players across the region offering smart home gym equipment will also aid in the growth of the industry.
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Furthermore, the penetration of the e-commerce platform is also significantly high in Europe. Companies such as Amazon, Ubuy, eBay, OnBuy, very, Littlewoods are offering gyming equipment in the region. Hence, the easy availability of smart home gym equipment at such platforms will influence the adoption of equipment. The growth of the online segment is also influenced by the COVID-19 pandemic, as most of the gyms are close, people are opting to gym at home. As per idealo, an e-commerce price comparison website, exercise equipment has witnessed sales spikes of 5,800% after the COVID-19 lockdown in UK.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
Segment Covered-
· By Product Type
· By Distribution channel
Countries Covered-
· Germany
· UK
· France
· Italy
· Spain Rest of Europe
Competitive Landscape- Technogym SpA, Core Health & Fitness, LLC, Cybex International, Inc., Garmin Ltd., Peloton Interactive, Inc., Taurus (Sport-Tiedje GmbH),
Key questions addressed by the report
· What is the market growth rate?
· Which segment dominates the market in the base year?
· Which segment will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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Europe Smart home gym equipment Market Report Segment
By Product Type
· Treadmills
· Cycling Machines
· Rowing Machines
· Others (Virtual Fitness Trainer, Walking Peddles, and many more)
By Distribution Channel
· Online
· Offline
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
