The Europe smart home gym equipment market is anticipated to grow at a CAGR of 8.3% during the forecast period. The growth of the market is influenced by considerable health awareness owing to the high prevalence of chronic diseases such as obesity, cardiovascular diseases, and diabetes among others. Additionally, the hectic work life, traffic congestion, large distance from the gym will also drive the adoption of smart home gym equipment as it provides flexibility with the workout.

The Europe 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. The other segment contains virtual fitness trainers, walking peddles among others. Further, based on the distribution channel, the market is bifurcated into online and offline channels. Online channels will witness a lucrative growth rate during the forecast period. As per idealo, an e-commerce price comparison website, exercise equipment has witnessed sales spikes of 5,800% after the lockdown related to the COVID-19 pandemic in UK. The gyming equipment includes steppers, weight benches, exercise bikes, treadmills, rowing machines, and so on. It is due to the fact, that people are not very much confident to return to a gym after the pandemic, and thousands of people have canceled their gym membership. 

The key players of the Europe Smart home gym equipment market include Technogym SpA, Core Health & Fitness, LLC, Cybex International, Inc., Garmin Ltd., Peloton Interactive, Inc., Taurus (Sport-Tiedje GmbH), 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 Europe 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 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 smart home gym equipment manufacturers & distributors, 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. Europe Smart Home Gym Equipment Market Research and Analysis by Product Type
2. Europe Smart Home Gym Equipment Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Europe 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 European smart home gym equipment market.
• Insights about market determinants that are stimulating the Europe smart home gym equipment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.