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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Do you think that in the future, the demand will remain the same or will decrease?
The home gym equipment market is highly
competitive with numerous international and
local vendors. Post COVID-19, the market
dynamics have undergone many changes, with vendors depending solely
on home or residential sectors to gain a competitive advantage, while
vendors catering to the B2B sector are facing challenges with serving
residential customers due to their lack of expertise in the same. The
market is expected to witness high growth in 2020 and 2021 owing to
the higher penetration rates of home gym equipment due to
COVID-19-induced
shutdowns
of gyms
and health
clubs
globally.
However,
the
reopening of the same post COVID-19
related lockdown relaxations during the forecast period is
anticipated to slow the demand, thereby impacting the annual growth
rate.
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