The article cited AMA's Global Home Gym Equipment Market Study explored substantial growth with CAGR of 8.3%. According the report, Growing Online Distribution Channel
is one of the primary growth factors for the market. Rising Number of Obese Population
is also expected to contribute significantly to the Home Gym Equipment market. Overall, Men
applications of Home Gym Equipment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Body-Solid (United States), Bowflex (United States), Nautilus, Inc. (United States), Fitness Gear (United States), LifeSpan Fitness (United States), Marcy (United States), Stamina Products (United States) and Fitness World (India) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Online, is boosting the Home Gym Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Professional, is boosting the Home Gym Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Home Gym Equipment market identified that the demand is rising in many different parts of the world as "Growing Acceptance in Millennials
". Furthermore, some recent industry insights like "In June 2023, Johnson Health Tech, the parent company of brands like Life Fitness and Matrix, launched a new line of smart home gym equipment that integrates with fitness apps and personalized workout programs" is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Number of Fitness Club and Gym and Lack of Expert Training Professionals"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Home Gym Equipment market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Home Gym Equipment market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Home Gym Equipment market tight? Which application/end-user category or Product Type [Bikes, Massage Chair, Multigym, Rower, Treadmill, Vibrators, Ellipticals and Core-X Trainer] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Home Gym Equipment market and other related sub-markets covered in the study.
o Key & emerging players in the Home Gym Equipment market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Home Gym Equipment market size is calculated using market estimation process, the Home Gym Equipment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Home Gym Equipment market size has been validated using both top-down and bottom-up approaches.