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Global Home Gym Equipment Market 2020 Growth, COVID Impact, Trends Analysis Report 2026

02-11-2021 11:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global home gym equipment market is estimated to record a CAGR of 3.2% during the forecast period (2020-2026). Globally, around 25% of gym memberships are predicted to get canceled by gym-goers due to COVID-19. Around 35-40% of new consumers are first-time buyers and have started exercising at home due to health concerns induced by the COVID-19 scare, which has stimulated the growth of the home gym equipment market. Until 2019, the home gym equipment market had been growing steadily, but the pandemic further encouraged people to work out from home and increased the demand for home gym equipment. The competition is expected to grow in the short term for both online and offline channels. Online marketing through social media, catalogs, celebrity endorsements, and others are anticipated to drive the sales of home gym equipment during the forecast period.

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However, governments have started to relax their lockout measures for COVID-19, leading to the eventual reopening of health clubs, gyms, and fitness centers, which is expected to create a challenge for the home gym equipment market. Many countries have initiated a gradual opening of health clubs and gyms in their states, and the shift to gyms owing to their better equipment and time management will bring challenges to the market.

A Full Report of Global Home Gym Equipment Market is Available at: https://www.omrglobal.com/industry-reports/home-gym-equipment-market

Market Coverage

The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- by Product Type and Distribution Channel
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Adidas, AG, Cybex International, Inc.; Dyaco; ICON Health & Fitness; Nautilus, Inc.; TECHNOGYM S.p. A.

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

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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/home-gym-equipment-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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.

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