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. 

The key players of the India Smart home gym equipment market include Garmin Ltd., Precor Inc., Xiaomi Corp., Tangram Factory, Inc., Cybex International, Inc., Afton fitness Co., and 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 India 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 brings 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, seed funders, venture capitalists, 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. India Smart Home Gym Equipment Market Research and Analysis by Product Type
2. India Smart Home Gym Equipment Market Research and Analysis by Distribution Channel

The Report Covers

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