The UK home gym equipment market has witnessed unprecedented growth in recent years, fueled by shifting consumer preferences towards convenient and accessible fitness solutions. With the rise of home workouts and on-demand fitness programs, consumers are investing in a wide range of gym equipment to create personalized workout spaces within the comfort of their homes. This article delves into the dynamic landscape of the UK home gym equipment market, analyzing key trends, competitive dynamics, and emerging opportunities within the industry.
“UK home gym equipment market size is expected to grow at a high CAGR of 4.80% to account for a higher market share value of USD 8.62 billion by the end of the forecasted period (2022-2030).”
Competitive Landscape
- Cybex International, Inc. (U.S.)
- Impulse (Qingdao) Health Tech Co., Ltd (China)
- Kettler (GB) Limited (U.K.)
- Fitness EM LLC. (the U.S.)
- Tunturi New Fitness B.V. (Netherlands)
- DHZ Fitness Group GmbH (Germany)
- Hammer Sport AG (Germany)
- HOIST Fitness Systems, Inc. (U.S.)
- Vectra Fitness Parts LLC. (the U.S.)
- True Fitness Technology, Inc. (U.S.)
- Amer Sports Oyj (Finland)
- Johnson Health Tech. Co., Ltd (U.S.)
- Technogym SpA (Italy)
- Nautilus, Inc. (U.S.)
- Icon Health & Fitness, Inc. (NordicTrack) (U.S.)
Recent Developments
In 2021, the North American region holds the largest market share in the UK home gym equipment industry in the global market and dominates in the global market.
In June 2021, a partnership has been declared between NovoFit (having fitness equipment business in Australia) with Amer Sports brand, Peecor to increase the strength by capturing a larger market in the global market.
In October 2021, the first Bowflex indoor cycling Bike was launched by Nautilus Inc. which can be affordable by middle-class range and has much less price than the Peloton Bike. It was launched to increase the fitness drive among all the peoples.
In April 2022, a new partnership has been seen between Ironman World Championship, Ironman Virtual Racing Series events, Ironman 70.3 World Championship, and Technogym SpA to provide indoor training to the athletes.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the UK home gym equipment market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the UK home gym equipment market.
The UK home gym equipment market presents significant opportunities for brands to innovate and cater to the evolving needs and preferences of consumers seeking convenient and effective fitness solutions. By embracing key trends such as space-saving designs, technology integration, sustainability initiatives, and competitive pricing strategies, brands can differentiate themselves and gain a competitive edge in this dynamic and rapidly growing market. As the demand for UK home gym equipment continues to rise, brands that prioritize product quality, innovation, consumer engagement, and market agility will emerge as leaders, empowering individuals to achieve their fitness goals and lead healthier, more active lifestyles from the comfort of their homes.
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