Global Smart Home Gym Equipment Market Size to Worth USD 4.82 Billion by 2033: Market Insight Report

Global Smart Home Gym Equipment Market Size to Worth USD 4.82 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Smart Home Gym Equipment Market Size is Expected to Grow from USD 2.91 Billion in 2023 to USD 4.82 Billion by 2033, Growing at a CAGR of 5.18% during the forecast period 2023-2033.

Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the Global Smart Home Gym Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Strength Training Equipment and Cardiovascular Equipment), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Smart home gym equipment includes equipment or devices that assist consumers work out at home, improving their weight control, muscle strength, and endurance. With their extensive libraries of individualized workouts and expertly led guided sessions, these devices provide an enhanced degree of involvement. These programs are customized to meet the fitness levels and goals of each individual. In essence, they offer the privacy, comfort, and security of having a personal trainer at home. Ellipticals, rowing machines, stair climbers, treadmills, and stationary bikes are some of the most popular smart home gym alternatives. The market for smart home gym equipment is also being pushed by consumers' increased expenditure on fitness equipment and their increased disposable income. The market for smart home gym equipment is expected to increase steadily due to advancements in product composition, calculated marketing campaigns, and growing distribution systems. However, high initial prices and barriers to technology adoption are impeding the growth of the global smart home gym equipment market.  

The cardiovascular equipment segment is expected to hold the largest market share of the global smart home gym equipment market through the projected timeframe.                  

Based on the product type, the smart home gym equipment market is classified into strength training equipment and cardiovascular equipment. Among these, the cardiovascular equipment segment is expected to hold the largest market share of the global smart home gym equipment market through the projected timeframe. The ability of cardiovascular exercises to improve heart health, burn calories, and increase general fitness makes them one of the most popular types of workouts. Strong demand for equipment such as treadmills, stationary bikes, and rowing machines is a result of customers prioritizing cardio workouts in their gym routines.

The online segment is predicted to hold a significant market share of the global smart home gym equipment market through the projected timeframe.         

Based on the distribution channel, the smart home gym equipment market is classified as offline and online. Among these, the online segment is predicted to hold a significant market share in the global smart home gym equipment market through the projected timeframe. Online shopping is becoming more and more popular among consumers, especially for major purchases such as home gym equipment. Online marketplaces provide a large selection of goods, thorough product descriptions, user reviews, and price comparison tools, enabling customers to make well-informed purchases from the convenience of their homes.       

North America is expected to hold the largest share of the smart home gym equipment market through the forecast period.

North America is expected to hold the largest share of the smart home gym equipment market through the forecast period. The region is leading the way in technical innovation, and consumers there are enthusiastic about using cutting-edge gym technology. The market is growing significantly due to the use of AI, machine learning, and IoT in fitness equipment. An emerging trend is the creation of linked fitness ecosystems, which combine wearable technology, fitness applications, and equipment to provide a thorough and customized training experience.

Europe is predicted to grow at the fastest CAGR of the smart home gym equipment market over the forecast period. Gymnastics equipment that works with wearables, applications, and internet platforms is becoming more and more popular among European consumers. The demand for smart home gym equipment with these characteristics is being driven by the ability to track progress, take part in virtual sessions, and interact with fitness communities online. In Europe, people are increasingly using subscription-based fitness services, such as platforms that provide live and recorded exercise courses.

Company Profiling

Major key players in the smart home gym equipment market include AOPEN Inc., Aroleap Fitness Private Limited, Beyond Power Inc., EGYM, Flexnest Gym Accessories, INNODIGYM, Maxpro Fitness, Nordic Track, Peloton Interactive Inc., Precor, Speediance, TECHNOGYM S.p.A, Life Fitness, Tonal Systems Inc., Aviron Interactive, and Others.   

Recent Developments

• In March 2024, EGYM launched the new EGYM Hip Thrust, which targets the glutes and hamstrings to develop the lower body muscles. The first electronic hip thruster in the world, the EGYM Hip Thrust, employs smart weights rather than resistance bands or actual weights.

• In March 2024, Glutebuilder, a leader in creative and biomechanically oriented designs, and fitness solution supplier Precor announced their exclusive collaboration to launch a brand-new range of patent-pending glute training items. New standards were set by this line in the glute equipment category that is filled with plates. Setting a new benchmark for glute training in the fitness sector, these Glutebuilder machines offered remarkable adjustability and distinctive, unmatched biomechanics.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the smart home gym equipment market based on the below-mentioned segments:

Global Smart Home Gym Equipment Market, By Product Type

• Strength Training Equipment

• Cardiovascular Equipment

Global Smart Home Gym Equipment Market, By Distribution Channel

• Offline
• Online

Global Smart Home Gym Equipment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa