US Home Gym Equipment Market to See Massive Growth by 2029

The US home gym equipment market is growing at a CAGR of 3.0% attributed to its highly competitive marketplace, established customer base, and technological innovation. The market is fragmented with several vendors, such as Nautilus, Technogym, Johnson Health, and others. The cost of manufacturing of home gym equipment is lower compared to heavy use equipment, as the former is light in weight and compact in size. Therefore, the market will see a considerable threat from new entrants, making it more competitive during the forecast period.

With the growing demand, vendors operating in the global market are expected to invest in innovation to achieve a competitive advantage in the country. Vendors such as Nautilus and Technogym will channel R&D toward cloud supporting apps and other technologies throughout the forecast period. The key driver during 2020 remains the COVID-19 outbreak, which has led to a hike in demand for gym equipment at home due to lockdown measures implemented across the nation. Along with the above factors, digital classes, apps, and websites have majorly supported demand in the market.

To Request a Sample of our Report on US Home Gym Equipment Market:  https://www.omrglobal.com/request-sample/us-home-gym-equipment-market

The US home gym equipment market is segmented based on product type, and distribution channel. Based on product type, the home gym equipment market is fragmented into cardio equipment, which is further sub-segmented into ellipticals, treadmills, exercise bikes, and other; and strength training equipment, which is further sub-segmented into free weights, barbells & ladders, extensions, and others. On the basis of distribution channel, the market is classified into online and offline. The market is expected to witness an increased number of innovative products, greater investments in various segments, and high-level competition.

The highest revenue generating segment consists of rowing machines, treadmills, and ellipticals, among others, which holds around 60% of the total market share in product type. Digitally innovative applications in the cardio segment will see higher penetration rates globally. Cardio equipment such as exercise bikes, treadmills, and ellipticals were the most purchased products in Q2 and Q3 2020 in countries such as the US, Canada, India, and Germany.

A full Report of US Home Gym Equipment Market is Available @  https://www.omrglobal.com/industry-reports/us-home-gym-equipment-market

US Home Gym Equipment Market Segmentation

By Product Type

  • Cardio Equipment
  • Ellipticals
  • Treadmills
  • Exercise Bikes
  • Others
  • Strength Training Equipment
  • Free Weights
  • Barbells & Ladders
  • Extension
  • Others

By Distribution Channel

  • Online
  • Offline

Company Profiles

  • Adidas AG
  • Core Health & Fitness, LLC.
  • Decathlon S.A.
  • Dyaco International
  • Echelon Fitness Multimedia LLC
  • Health in Motion, LLC
  • HOIST Fitness Systems, Inc.
  • ICON Health & Fitness
  • Implus LLC
  • Johnson Health Tech. Co., Ltd.
  • Origin Fitness, Ltd.
  • SportsArt, Inc.
  • TECHNOGYM USA Corp.
  • Torque Fitness USA.
  • TRUEFitness

Reasons to buy from us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-home-gym-equipment-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404