Indian home gym equipment industry is growing at a CAGR of 4.8% during the forecast period. The demand for home gym equipment has seen a significant sales spike since the lockdown was announced in March 2020 in India. Moreover, there has been a jump of around 50-60% since April 2020 in the home gym equipment market in the country. Currently, India hosts two kinds of buyers in the market: buyers who were not as aware earlier but are now investing in fitness equipment due to increased awareness; and committed fitness consumers who work out daily and needed a permanent solution as going to the gym is not feasible in the near future.

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These two types of buyers have invested heavily in gym equipment in India, particularly throughout Q2 & Q3 2020. Even on e-commerce platforms, the demand for fitness equipment has seen a surge in the country. The demand for fitness equipment increased during the lockdown and continues to grow with more innovative developments by manufacturers during the forecast period. The demand over April, May, June, and July was nearly 60% higher than the corresponding period last year. Moreover, a shift toward online fitness classes is trending, with consumers expected to invest in small equipment for their online group sessions. For cardio equipment, treadmills and exercise bikes constitute a higher demand, and dumbbells and weights will dominate strength training equipment during the forecast period in the country.

The Indian home gym equipment market is segmented based on product type, and distribution channel. Based on product type, the home gym equipment market is fragmented into cardio equipment, which is further sub-segmented into ellipticals, treadmills, exercise bikes, and others; and strength training equipment, which is further sub-segmented into free weights, barbells & ladders, extensions, and others. Based on the distribution channel, the market is classified into online and offline. The largest-selling items in India are dumbbells, rods, plates, benches, and exercise bikes. 

Research Methodology

The market study of the Indian 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. Primary research brings authenticity to our 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 provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Indian Home Gym Equipment Market Research and Analysis by Product Type
2. Indian Home Gym Equipment Market Research and Analysis by Distribution Channel

The Report Covers

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