Smart home gym equipment market is anticipated to grow at a significant CAGR of 9.2% during the forecast period. Smart home gym equipment stores, monitor, and analyze the progress in the fitness of users at the comfort of home. The growth in the market can be majorly attributed to the growing health concerns coupled with the increasing desire among young and adults for the toned body. Additionally, the increasing penetration of IoT and various smart devices especially across the developing regions is paving the way for the smart home gym equipment market expansion. Apart from this, the increasing incidences of obesity among all age groups are also driving the adoption of smart home gym equipment.
The COVID-19 pandemic has surged the demand for gym equipment at home, as the gyms in various countries were closed during the lockdowns introduced by the governments of different nations (with different timelines). Moreover, gyming with wearing a mask is not feasible for most people. Hence, people are opting for gyming from home. Furthermore, the integration of gym equipment with various coaching software is also providing good growth opportunities to the home gym equipment market. However, the high cost associated with the smart gym equipment will limit the expansion of the market in countries with low disposable income. In addition to this, the limitation of space at home to store various bulky gym equipment will also
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Smart Home Gym Equipment Market Report Segment
By Product Type
- Treadmills
- Cycling Machines
- Rowing Machines
- Others (Virtual Fitness Trainer & walking peddles)
By Distribution Channel
- Online
- Offline
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- BH North America Corp.
- CLMBR
- Core Health & Fitness, LLC
- Curiouser Products Inc. (MIRROR)
- Cybex International, Inc.
- Garmin Ltd.
- Hydrow, Inc.
- HYFIT, Inc.
- Hykso Inc.
- Icon Health & Fitness, Inc.
- JAXJOX (Zinctex Inc.)
- Les Mills International Ltd.
- Life Fitness (Brunswick Corp.)
- MaxPro Fitness
- Nautilus, Inc.
- Peloton Interactive, Inc.
- PowerMax Fitness (India) Pvt Ltd.
- Precor Inc.
- Taurus (Sport-Tiedje GmbH)
- Technogym SpA
- Tempo Interactive Inc.
- Tonal Systems, Inc.
- Wattbike Ltd.
- Xiaomi Corp.
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