Smart Home Gym Equipment Market - By Equipment Type (Cardiovascular Training Equipment and Strength Training Equipment), By End User (Professional and Beginner), Price, Distribution Channel Forecast 2024

Description

Smart home gym equipment market size is anticipated to grow at 5.1% CAGR between 2024 and 2032 driven by the increasing demand for convenient and personalized fitness solutions. With busy lifestyles and the strong need for flexible workout schedules, consumers are turning to smart home gym equipment that offers tailored exercise plans, real-time feedback, and the ability to track performance metrics from the comfort of their homes. For instance, in June 2023, Sportneer unveiled FitTransformer a modular smart home gym designed to provide a wide array of fitness exercises through a single core system for offering limitless possibilities for users.

Moreover, individuals have also become more health-conscious and are seeking out solutions that support their fitness goals and overall well-being. Smart home gym equipment addresses this demand by offering sophisticated workout solutions that combine technology with fitness. Rising investment in home gym setups and smart equipment may further propel the market expansion.

The overall industry is divided into equipment type, end user, price, distribution channel, and region.

Smart home gym equipment market size from the medium price segment is poised to grow between 2024 and 2032 due to the balanced combination of affordability, functionality, and technological features. Consumers are increasingly attracted to mid-range equipment for its advanced features, such as connectivity, personalized workouts, and performance tracking, without the high price tag associated with premium models. Medium price equipment also strikes a balance between space efficiency and performance, making it a practical choice for a variety of home environments.

Based on distribution channel, the smart home gym equipment industry value from the offline segment is set to witness significant CAGR from 2024 to 2032 due to the tangible, hands-on experience it offers to consumers. Shoppers in physical retail stores can directly interact with and test the equipment for gaining a clearer understanding of its features, build quality, and user interface.

Asia Pacific smart home gym equipment market is expected to witness notable growth from 2024 to 2032 attributed to the rising health consciousness, increasing disposable incomes, and rapid urbanization. The expanding middle class population and the improving economic conditions are enhancing the purchasing power of consumers, allowing them to invest in higher-quality, technology-driven fitness products across the region.

Product Code: 9774

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing health awareness and shift towards home fitness
  - 3.2.1.2 Advancement in technology
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Limited equipment variety
  - 3.2.2.2 Competition from fitness subscriptions
3.3 Growth potential analysis
3.4 Porter's analysis
3.5 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Equipment Type (USD Million) (Thousand Units)

5.1 Key trends
5.2 Cardiovascular training equipment
- 5.2.1 Treadmills
- 5.2.2 Exercise bikes
- 5.2.3 Rowing machines
- 5.2.4 Elliptical and others
- 5.2.5 Stair climber/step mill
- 5.2.6 Others
5.3 Strength training equipment
- 5.3.1 Dumbbells
- 5.3.2 Barbells
- 5.3.3 Body bars
- 5.3.4 Kettlebells
- 5.3.5 Resistance band
- 5.3.6 Others

Chapter 6 Market Estimates & Forecast, By End User (USD Million) (Thousand Units)

6.1 Key trends
6.2 Professional
6.3 Beginner

Chapter 7 Market Estimates & Forecast, By Price (USD Million) (Thousand Units)

7.1 Key trends
7.2 Low
7.3 Medium
7.4 High

Chapter 8 Market Estimates & Forecast, By Distribution Channel (USD Million) (Thousand Units)

8.1 Key trends
8.2 Online
- 8.2.1 E-commerce
- 8.2.2 Third party website/company website
8.3 Offline
- 8.3.1 Supermarkets/hypermarkets
- 8.3.2 Multi-brand stores
- 8.3.3 Sport stores/ independent departmental stores
- 8.3.4 Specialty stores/sports chain outlets

Chapter 9 Market Estimates & Forecast, By Region (USD Million) (Thousand Units)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 AOPEN Inc.
10.2 Aroleap Fitness Private Limited
10.3 Aviron Interactive
10.4 Beyond Power Inc.
10.5 EGYM
10.6 Flexnest Gym Accessories
10.7 INNODIGYM
10.8 Life Fitness
10.9 Maxpro Fitness
10.10 Nordic Track
10.11 Peloton Interactive Inc.
10.12 Precor
10.13 Speediance
10.14 TECHNOGYM S.p.A
10.15 Tonal Systems Inc.

Smart Home Gym Equipment Market - By Equipment Type (Cardiovascular Training Equipment and Strength Training Equipment), By End User (Professional and Beginner), Price, Distribution Channel Forecast 2024 - 2032