The Asia-Pacific smart home gym equipment market is anticipated to grow with a considerable CAGR of 12.3% during the forecast period (2020-2026). The growth of the market can be attributed to the significant increase in awareness regarding healthcare and well-being in the last decade especially across Japan, South Korea, China, and India. Additionally, the increase in disposable income coupled with the inclination of generation Z and millennials towards body transformation will also aid in the growth of the market in the Asia-Pacific. In addition to this, the considerable decline in gym visits amid COVID-19 is also promoting the adoption of smart home gym equipment.
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Furthermore, the strengthening technology sector of the region along with the increasing awareness regarding advanced technologies such as IoT and artificial intelligence is significantly aiding the growth of the market. With the increasing internet penetration and adoption of AI, IoT people can opt for personalized gym training sessions at their home to manage their gym schedules. It will provide new growth opportunities to the smart home gym equipment industry during the forecast period.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
Segment Covered-
- By Product Type
- By Distribution channel
Countries Covered-
- India
- China
- Japan
- Rest of Asia-Pacific
Competitive Landscape- Xiaomi Corp., Cybex International, Inc., Garmin Ltd., Life Fitness, Nautilus, Inc., Technogym SpA
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Asia-Pacific Smart home gym equipment Market Report Segment
By Product Type
- Treadmills
- Cycling Machines
- Rowing Machines
- Others
By Distribution Channel
- Online
- Offline
Asia-Pacific Smart Home Gym Equipment Market Report Segment
- India
- China
- Japan
Rest of Asia-Pacific
Company Profiles
- Afton fitness Co.
- Core Health & Fitness, LLC
- Cybex International, Inc.
- Garmin Ltd.
- Life Fitness
- Nautilus, Inc.
- PowerMax Fitness (India) Pvt Ltd.
- Precor Inc.
- Tangram Factory, Inc.
- Technogym SpA
- Xiaomi Corp.
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