The North America smart home gym equipment market is anticipated to grow at a CAGR of 8.5% during the forecast period. The high healthcare awareness among the people is significantly driving the adoption of the smart home gym equipment industry. Besides, due to the COVID-19, more people are now preferring to gyming at home as compared to the pre-COVID-19 pandemic, which has also spiked the demand for gym equipment at home in 2020. 

Additionally, the companies working across the region are also launching new products. For instance, in June 2020, Wattbike Ltd. announced the next-generation Atom smart bike with faster reaction times to indoor cycling applications and data accuracy of 1%. Since, the adoption of new advanced features products is significantly high across the region owing to the high disposable income, the smart home gym equipment market will experience good growth in the near future.

The North America 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 a virtual fitness trainer, walking peddles among others. Treadmills are expected to have a major market share during the forecast period. Further, based on the distribution channel, the market is bifurcated into online and offline channels.

The key players of the North America Smart home gym equipment market include Garmin Ltd., Life Fitness, Peloton Interactive, Inc., Nautilus, Inc., Technogym SpA, BH Fitness, JAXJOX (Zinctex Inc.), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, new product launches, and funding, to stay competitive in the market.

Research Methodology

The market study of the North America 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, 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. North America Smart Home Gym Equipment Market Research and Analysis by Product Type
2. North America Smart Home Gym Equipment Market Research and Analysis by Distribution Channel

The Report Covers

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