Europe Home Fitness Equipment Market Trends, Share, Demand and Analysis 2023- Future Outlook, CAGR Growth, Business Opportunity and Forecast Report 2032: SPER Market Research
According to SPER Market Research, the Europe Home Fitness Equipment Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%. With a growing modernization culture, consumers are provoking their daily habits by participating in sports activities. However, due to busy schedules and long working hours, crowded fitness centres, and parking issues, an increasing number of consumers are actively inclining towards home workouts. Home fitness equipment eliminates the need to commute to a gym to use the machines and is extremely cost-effective in the long run.
Eventually, numerous innovations in this segment occurred, such as the launch of apps that allow customers to select their personal trainers for either online classes or home visits to meet their specific and customised fitness requirements, such as bodybuilding. Furthermore, as consumers become more concerned about their health, the demand for this type of equipment has increased.
Europe Home Fitness Equipment Market Overview (2022-2032)
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
The COVID-19 pandemic has reshaped the fitness landscape and accelerated the growth of the at-home fitness industry. With the rise in online sales of home gym equipment, home fitness has emerged as a significant opportunity. In addition to the serious implications for people’s health and healthcare services, the COVID-19 pandemic has had a significant impact on businesses and the economy. As a result, the global home fitness equipment market was impacted. Due to the continuation of quarantines and social distancing norms, gyms remained closed, fostering a culture of home-workout and, as a result, increasing demand for home fitness equipment.
Impact of COVID-19 on the Europe Home Fitness Equipment Market
The COVID-19 pandemic has reshaped the fitness landscape and skyrocketed the at-home fitness industry. With the increase in online sales of home gym equipment, home fitness has become a notable opportunity. The COVID-19 pandemic has had a significant impact on businesses and the economy, in addition to the serious implications for people’s health and healthcare services. As a result, it had an impact on the global home fitness equipment market. With the continuation of quarantines and social distancing norms, gyms remained closed, boosting the culture of home-workout and, as a result, increasing demand for fitness equipment for homes.
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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:
- Elliptical Machines
- Rowing Machines
- Stationary Cycles
- Strength Training Equipment
- Other Product types
By Distribution Channel:
- Direct Selling
- Offline Retail Stores
- Online Retail Stores
- United Kingdom
- Rest of Europe
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.
Europe Home Fitness Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 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.
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Europe Home Fitness Equipment Market Future Outlook
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