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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Although online sales have increased in 2020 owing to lockdown measures, the delivery of gym equipment was heavily impacted due to restrictions on the movement of cargo in certain places. Post the relaxation of lockdown measures, both online and offline mediums witnessed a spike in traction. Because of this, vendors, through their offline stores, increased their local sales strategies, particularly in those areas where an online connection doesn’t come easy, and other lesser-known areas to reach the customer better.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global home gym equipment market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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