The Arrival of COVID-19 Increased the Prevalence of Home Gym Equipment in Europe

European home gym equipment is estimated to record a healthy CAGR during the forecast period (2020-2026). Europe's home gym equipment market is extremely competitive with the presence of numerous local and global companies. Marketing strategies that rely heavily on product innovation, expansion into various countries, and collaborations with different companies to extend the product range are contributors. Manufacturing in Europe is expensive compared to other regions, but it is known for its quality products, which is an added advantage in the home gym equipment industry. But the higher cost of manufacturing in the region increases the overall cost of products, which creates a challenge in the market.

Browse the full report description of "European Home Gym Equipment Market Size, Share & Trends Analysis Report by Product Type (Cardio Equipment (Ellipticals, Treadmills, Exercise Bikes, and Others) and Strength Training Equipment (Free Weights, Barbells & Ladders, Extension, and Others)) and by Distribution Channel (Online and Offline) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/european-home-gym-equipment-market

Further, Europe is one of the main geographies in terms of revenue in the global home gym equipment market with established vendors, growth in penetration rates in fitness at home, and innovative products to serve customers better. In Q1 2020, fitness clubs were booming, but in Q2 2020, the COVID-19 pandemic impacted the fitness market and health facilities, which increased the prevalence of home gym equipment through to Q3 2020. Also, digitally innovative products such as online classes and fitness apps are expected to drive the market during the forecast period.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered - by Product Type and Distribution Channel
• Countries Covered- UK, Germany, France, Italy, Spain, and Rest of Europe
• Competitive Landscape- Amer Sports, Dyaco, Implus LLC, Nautilus, Inc., and TECHNOGYM S.p. A.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and country dominate the market in the base year?
• Which segment and country will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European Home Gym Equipment Market Report Segment

By Product Type

• Cardio Equipment
  

o Ellipticals

o Treadmills

o Exercise Bikes

o Others

• Strength Training Equipment

o Free Weights

o Barbells & Ladders

o Extension

o Others

By Distribution Channel

• Online
• Offline

European Home Gym Equipment Market Report Segment

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

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