EUROPE HOME FITNESS EQUIPMENT MARKET IS ESTIMATED TO REACH USD XX BILLION BY 2032: SPER MARKET RESEARCH
The easiest method to fit in aerobic exercise and muscle building during the day is to work out from home. It’s been simpler to work out at home, especially when our calendars are packed. We also take advantage of the many neighbourhood parks and paths to cycle, walk and run with the dog. Fitness equipment is any apparatus or device used in conjunction with physical activity to enhance the strength or conditioning effects of that exercise by providing fixed or adjustable amounts of resistance, or to enhance the overall experience or outcome of an exercise program. Wearable accessories like hydration packs, gloves, and appropriate footwear are examples of fitness equipment. Yoga mat, dumbbells, pull-up/chin-up bar, push-up handles, gloves, and yoga blocks are all included.
According to SPER Market Research, ‘Europe Home Fitness Equipment Market Size- By Product Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ states that the Europe Home Fitness Equipment Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
Increasing inclination towards digital technology is facilitating the commercial expansion. The increasing popularity of using fitness applications on smart devices to enhance and sustain personal fitness regimens has significantly impacted the market’s growth. An rising number of customers are resorting to at-home workouts as a result of their busy schedules, long workdays, packed fitness centers, and parking problems. A significant element influencing consumer preference for home fitness equipment is the low recurrent cost of membership fees, trainer fees, and exercise equipment. Online fitness training has also contributed significantly to customers’ desire for home health and fitness equipment, which has led to an increase in the demand for personal trainers.
Counterfeit goods compete with authentic goods by offering customers an identical duplicate of the original product at a lower price. The reputation of businesses is damaged by counterfeiting. The market for exercise equipment is impacted by the spread of counterfeit items, which also jeopardizes the reputation of fitness businesses. High product costs to impede market expansion. A few pricey exercise equipment items are impeding the growth of the industry, particularly for middle-class and lower-class consumers in developing and undeveloped countries. For example, the Life Fitness F1 Smart Folding Treadmill costs a lot of money. Furthermore, the amount of money spent on home training equipment decreased as more commercial gyms were constructed worldwide. Market expansion is negatively impacted by it.
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Impact of COVID-19 on the Europe Home Fitness Equipment Market
The COVID-19 pandemic has completely changed the fitness environment and caused a meteoric rise in the at-home workout sector. Home fitness has emerged as a noteworthy possibility due to the rise in online sales of home gym equipment. In addition to the grave consequences for people’s health and healthcare systems, the COVID-19 pandemic has had a major effect on businesses and the economy. Consequently, it affected the world market for household appliances. Due to social distancing practices and ongoing quarantines, gyms remained closed, which encouraged at-home workouts and raised the demand for home exercise equipment.
Europe Home Fitness Equipment Market Key Players:
Germany dominates the market with largest market share. Germany has a sizable population that engages in moderate physical activity, which includes a very promising market for home fitness gym equipment. Some of the Key Players are Anta Sports Products Limited, BFT Fitness, Decathlon S.A., Dyaco International Inc., Echelon Fitness,Exigo, Ifit Health & Fitness Inc., Johnson Health Tech. Co. Ltd, Life Fitness, Nautilus Inc., Peloton Interactive, Inc., Precor Incorporated, Sprintex Trainingsgeraete GmbH.
Europe Home Fitness Equipment Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type:
By Distribution Channel:
By Region:
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
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Europe Home Fitness Equipment Market Future Outlook
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