Dublin, March 26, 2021 (GLOBE NEWSWIRE) -- The "Home Gym Equipment Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.
The global home gym equipment market is anticipated to grow at a substantial CAGR during the forecast period. Home gym equipment is used to perform any fitness activity at home. They are used for exercise from the comfort of home settings, particularly strength and cardio training. These machines are sold through two sales channels - online and offline, which include retail stores, direct selling, websites, apps, e-commerce websites, and others.
The COVID-19 outbreak impacted the home gym equipment market positively as the gym and other fitness institutes shut down due to the pandemic. Hence, consumers started looking to buy gym equipment for usage at home. Moreover, gyms and fitness centers began offering online classes through their websites and app, which also propagated the concept of home fitness regimes. The demand for home gym products increased on account of this, especially in Q2 and Q3 of 2020.
The global 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 others; and strength training equipment, which is further sub-segmented into free weights, barbells & ladders, extensions, and others. Based on the distribution channel, the market is classified into online and offline.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In the global fitness equipment market, the home gym equipment market has been impacted positively by the COVID-19 outbreak. In Europe, Italy recorded a growth in its fitness industry's quarterly sales in Q1 2020 by around 16%. In other countries in Europe, the growth of the fitness equipment market, which includes home gym equipment, particularly in the UK, was impacted by Brexit and its uncertainty for economic operations in the country. In Asia-Pacific, the trend in the manufacturing and sales of home gym equipment was linked mainly to the COVID-19 pandemic that affected China, India, and other countries immensely.
Further, vendors are actively launching digitally advanced equipment. For instance, Nautilus launched the Gravitron chin/dip machine and variable stride elliptical, which increased competition concerning technological innovations in the home gym equipment market. Further, the company is expected to improve its products with eddy-current brake resistance systems with no noise and smooth running, telemetric heart rate monitoring on-screen, and digitally linked training programs.
Research Methodology
The market study of the global home gym equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Global Home Gym Equipment Market Research and Analysis by Product Type
2. Global Home Gym Equipment Market Research and Analysis by Distribution Channel
The Report Covers:
- Comprehensive research methodology of the global home gym equipment market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global home gym equipment market.
- Insights about market determinants that are stimulating the global home gym equipment market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Adidas AG
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. Dyaco International
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. ICON Health & Fitness
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. Nautilus, Inc.
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
3.2.5. TECHNOGYM S.p.A.
3.2.5.1. Overview
3.2.5.2. Financial Analysis
3.2.5.3. SWOT Analysis
3.2.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Home Gym EquipmentMarket by Product Type
5.1.1. Cardio Equipment
5.1.1.1. Ellipticals
5.1.1.2. Treadmills
5.1.1.3. Exercise Bikes
5.1.1.4. Others
5.1.2. Strength Training Equipment
5.1.2.1. Free Weights
5.1.2.2. Barbells & Ladders
5.1.2.3. Extension
5.1.2.4. Others
5.2. Global Home Gym Equipment Market by Distribution Channel
5.2.1. Online
5.2.2. Offline
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Adidas AG
7.2. Amer Sports Corp.
7.3. Cybex International, Inc.
7.4. Dyaco International
7.5. Echelon Fitness Multimedia LLC
7.6. Fitness World
7.7. Health in Motion, LLC
7.8. ICON Health & Fitness
7.9. Implus LLC
7.10. Johnson Health Tech. Co., Ltd.
7.11. Nautilus, Inc.
7.12. Nelco (India) Pvt. Ltd.
7.13. Origin Fitness, Ltd.
7.14. SportsArt, Inc.
7.15. TECHNOGYM S.p.A.
7.16. Torque Fitness USA.
7.17. TRUE Fitness
7.18. Tunturi New Fitness B.V.
For more information about this report visit https://www.researchandmarkets.com/r/cdu4hk