Home Gym Equipment Market after Covid 19: the interview
Daily / Interview - 30 November 2020
The home gym equipment market depends on various factors
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What emerged?
The home gym equipment market is one of
the fastest growing industries at
present due to the COVID-19
outbreak,
as many
gyms and
health
clubs were
under
lockdown
since Q1
2020. Market demand will remain high
until 2021, and more so on the online platforms as vendors increase
their virtual presence through e-commerce platforms (own or third
party). During Q2 2020,
a few
vendors
even
increased
their local
sales
channels
since it
was
difficult
to market
internationally on account
of various lockdown restrictions across the
world.
Additionally, during the forecast period, market vendors are expected to collaborate with leading fitness and health and wellness digital platforms that enable customers to sync all their workout data generated through the use of home gym equipment via other digital devices (phones, computer systems, and tablets). Vendors are expected to offer equipment financing to the customers and other related services to boost their customer reach and increase their revenue.
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