Europe Home Fitness Equipment Market Research Report, Size,
According to the report analysis, ‘Europe Home Fitness Equipment Market 2021-2031 by Product Type (Cardiovascular Training, Strength Training), Tier (Low-End, Mid-Range, High-End), End-User (Homes , Apartments, Others), Distribution Channel (Resellers, Specialty Stores, Online, Retail Stores) and Countries: Trend Forecast and Growth Opportunity”, indicates that the European home fitness equipment market is expected to grow over the duration of scrutiny due to increased product developments, high personalization of fitness devices, and growing investments and home care expenses amid the COVID-19 pandemic.
People around the world are now aware of several diseases caused by a sedentary lifestyle. Major players operating in the global fitness equipment market are offering new outlets and chains of fitness clubs and spas. This is likely to have a positive impact on subscriptions, which will ultimately drive the growth of the home fitness equipment market during the considered period.
The actual growth in incidents of cardiovascular disease, diabetes and osteoarthritis is a major concern all over the world. According to the World Health Organization, cardiovascular disease is one of the leading causes of death. However, several organizations promote a healthy lifestyle through sports.
As a result, an increasing number of individuals are aggressively engaging in physical activities such as signing up for workout programs and packages, or simply exercising independently. This propels the growth of home fitness equipment market.
With rapid economic growth, retail chains are also expected to show substantial revenue growth over the forecast duration. As a substantial percentage of the total fitness equipment sales revenue comes from organized retail chains, the growth of the home fitness equipment market is expected to increase over the next few years.
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Amer Sports Oyj, Corepump, HOIST Fitness Systems, ICON Health & Fitness Inc., Johnson Health Tech. Co., Ltd., JTX Fitness, Keizer Corporation, Louis Vuitton, NOHrD, Nordic Track, PELOTON, PENT, Precor Inc., ProForm, Schwinn, Technogym SpA, Tonal Systems Inc., True Fitness, Vectra Fitness, York Barbell among others are the major companies currently working more actively in Europe Home Fitness Market to maintain their dominance, register the large market share value, lead the highest market growth, generate the highest revenue percentage, and gain competitive advantage by spreading awareness related to home fitness equipment applications and benefits, providing better customer satisfaction, increasing home fitness equipment features and benefits, implementing profitability policies and strategies of expansion, decreasing the prices associated with them, improving the quality and quantitative measures of them and analyzing strategies and policies of the government as well as competitors.
Not only that, but the effective awareness of individuals about the long-term consequences of these syndromes has encouraged individuals to stay fit by working out regularly at home. Additionally, rapid urbanization in Europe’s developing economies, rising youth population, and growth in per capita disposable income are expected to propel the adoption of home fitness equipment in the region.
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Ankur Gupta, Marketing and Communications Manager
Ken Research Pvt. Ltd.,
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