India Smart Home Gym Equipment Market Size, Share, Analysis, Industry Report and Forecast 2020-2026
The India smart home gym equipment market is anticipated to grow with a considerable CAGR of 14.2% during the forecast period (2020-2026). The adoption of smart home gym equipment is increasing significantly across the country owing to the fast pace life coupled with the long sitting hours owing to the work. These lifestyle changes are restricting the movement of the body thus increasing the chances of lifestyle-induced diseases such as cardiovascular, diabetes, obesity, hypertension, among others. According to the World Health Organization (WHO), India has the highest number of diabetics at 50.8 million which is set to increase to 73.5 million by 2025. With the increasing awareness among the people related to their health, more people will opt for gyming, however, due to time and distance constraints, some will opt for the personalized smart home gym equipment, which will drive the market growth. After the COVID-19 pandemic, the trend is expected to gain momentum due to the closer of gyms due to the nationwide lockdown.
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Furthermore, the
increasing urbanization and growing disposable incomes in the country is also a
factor driving the smart home gym equipment market. The disposable income of
people in tier II and tier III cities is also increasing in the country, which
in turn will also drive the smart home gym equipment 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
·
By
Distribution channel
Competitive
Landscape- Garmin Ltd., Precor Inc., Xiaomi Corp., Tangram Factory, Inc., Cybex
International, Inc., Afton fitness Co., and Technogym SpA,
Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment dominates the market in the base year?
·
Which
segment will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
A
full Report of India Smart Home Gym Equipment Market is Available
at: https://www.omrglobal.com/industry-reports/india-smart-home-gym-equipment-market
·
Treadmills
·
Cycling
Machines
·
Rowing
Machines
·
Others
By
Distribution Channel
·
Online
·
Offline
Company
Profiles
·
Afton
fitness Co.
·
Core
Health & Fitness, LLC
·
Cybex
International, Inc.
·
Garmin
Ltd.
·
Precor
Inc.
·
PowerMax
Fitness (India) Pvt Ltd.
·
Tangram
Factory, Inc.
·
Technogym
SpA
·
Xiaomi
Corp.
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