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Home Gym Equipment Market Insights
According to MRFR analysis, the global Home Gym Equipment Market is expected to register a CAGR of 4.80% from 2022 to 2030 and hold a value of over USD 8.62 billion by 2030.
The home gym equipment market refers to the industry that produces and sells fitness equipment designed for home use. This equipment includes treadmills, exercise bikes, elliptical machines, weight training equipment, and other fitness accessories.
The home gym equipment market is driven by the growing demand for convenient and accessible fitness options, particularly in the wake of the COVID-19 pandemic, which has led many people to prioritize at-home workouts over going to a gym. Additionally, the increasing prevalence of lifestyle-related diseases like obesity and diabetes has also contributed to the growth of the home gym equipment market.
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Regional Analysis
North America is currently the largest market for home gym equipment, with significant demand in countries like the United States and Canada. The region’s market is driven by the increasing interest in fitness and the growing trend of at-home workouts, particularly in the wake of the COVID-19 pandemic.
Europe is also a significant market for home gym equipment, with countries like the United Kingdom, Germany, and France seeing significant demand for these products. The region’s market is driven by the increasing interest in fitness and the growing trend of at-home workouts.
The Asia Pacific region is also a significant market for home gym equipment, with countries like China, Japan, and Australia seeing significant growth in demand. The region’s market is driven by the growing awareness of the importance of regular exercise for health and wellbeing, the increasing interest in fitness and wellness, and the growing availability of affordable home gym equipment.
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Market Segmentation
The Global Home Gym Equipment market has been segmented into Equipment Type, and Distribution Channel.
Based on the Equipment Type, the market has been segmented into Cardiovascular Training Equipment, Strength Training Equipment.
Based on the Distribution Channel, the market has been segmented into Store-Based, Non-Store-Based
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Key Players
Some of the key market players are Cybex International Inc., Impulse, Health Tech Co. Ltd, Kettle, Limited, Fitness EM LLC., Tunturi New Fitness B.V., DHZ Fitness Group GmbH, Hammer Sport AG, HOIST Fitness Systems Inc., Vectra Fitness Parts LLC., True Fitness Technology Inc., Amer Sports OYJ, Johnson Health Tech. Co. Ltd, Technogym SPA, Nautilus, Inc., Icon Health & Fitness Inc.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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