The India smart home gym equipment market is anticipated to grow at a CAGR of 14.2% during the forecast period. The rising number of lifestyle diseases owing to the hectic work life and changing food consumption habits is expected to be the leading reason for influencing the adoption of gyming in the country. In addition to this, the rising youth population base that is highly aware of the toned body will also drive the gyming industry.
With the nationwide lockdown in the country from the end of March 2020, to prevent the spread of COVID-19, the gym was also closed. Regular gym members are finding new ways for gyming, which are providing new growth opportunities to the smart home gym equipment industry in the country. As the internet penetration among the young generation is quite high with the high adoption of wearable, people are expected to adopt smart devices for personal gyming. However, space issues in metro cities and a price-sensitive economy are some of the major challenges for the growth of the market.
The Indian smart home gym equipment market is segmented based on product type and distribution channels. Based on the product type, the market is sub-segmented into treadmills, cycling machines, rowing machines, and others. Further, based on the distribution channel, the market is bifurcated into online and offline channels. Online channel is expected to witness lucrative growth in the country during the forecast period.
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India Smart Home Gym Equipment Market Report Segment
By Product Type
- Treadmills
- Cycling Machines
- Rowing Machines
- Others
By Distribution Channel
- Online
- Offline
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Company Profiles
- Afton fitness Co.
- Core Health & Fitness, LLC
- Cybex International, Inc.
- Garmin Ltd.
- Precor Inc.
- PowerMax Fitness (India) Pvt Ltd.
- Tangram Factory, Inc.
- Technogym SpA
- Xiaomi Corp.
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