The Asia-Pacific smart home gym equipment market is anticipated to grow at a CAGR of 12.3% during the forecast period. The increasing incidences of chronic, as well as lifestyle-induced diseases such as obesity, CVD, and diabetes across the region, is significantly increasing the awareness of people to remain fit. Additionally, the increasing affinity of young and adult people towards the toned body is also driving the demand for gym equipment in the region. However, due to traffic congestion, unavailability of time people are starting to preferring exercising at home, which is augmenting the demand for smart home gym equipment market. Moreover, with the long lockdown in the countries such as China, India, Japan, ASEAN among other and gyms closer, a sudden spike in smart home gym equipment has increased. Besides, increasing product offerings by the market players in the near future, which will further nurture the market. 

The Asia-Pacific 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.

The key players of the Asia-Pacific Smart home gym equipment market include Xiaomi Corp., Afton fitness Co., Core Health & Fitness, LLC, Cybex International, Inc., Garmin Ltd., Life Fitness, Nautilus, Inc., PowerMax Fitness (India) Pvt Ltd., Technogym SpA and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and funding, to stay competitive in the market.

Research Methodology

The market study of the Asia-Pacific Smart home gym equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for gym equipment manufacturers & distributors, start-ups, venture capitalists, seed funders, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Asia-Pacific Smart Home Gym Equipment Market Research and Analysis by Product Type
2. Asia-Pacific Smart Home Gym Equipment Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Asia-Pacific smart home gym equipment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific smart home gym equipment market.
• Insights about market determinants that are stimulating the Asia-Pacific smart home gym equipment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.