Increasing Health and Wellness Products Awareness Coupled with Rising Purchasing Power to Accelerate the Growth of the Indian Home Gym Equipment Market
Published: Jan 2021
The Indian home gym equipment market is estimated to exhibit a steady CAGR during the forecast period (2020-2026). There are several growth opportunities for the home gym equipment category in India. Some of the major ones include increasing awareness for health and wellness products and lifestyle, particularly due to COVID-19, increase in income levels, purchasing power, and consumption of fitness products, investments by international vendors, among more.
The Arrival of COVID-19 Increased the Prevalence of Home Gym Equipment in Europe
Published: Jan 2021
European home gym equipment is estimated to record a healthy CAGR during the forecast period (2020-2026). Europe's home gym equipment market is extremely competitive with the presence of numerous local and global companies. Marketing strategies that rely heavily on product innovation, expansion into various countries, and collaborations with different companies to extend the product range are contributors.
Increased Consciousness Coupled with the Onset of COVID-19 Pandemic to Accelerate the Asia-Pacific Home Gym Equipment Market
Published: Jan 2021
The Asia-Pacific home gym equipment market is estimated to witness a strong CAGR during the forecast period (2020-2026). Market growth is supported by higher competition, reluctance to visit gyms, greater health concerns, and increased consciousness for fitness in the region. Major countries include China, India, and Japan. International vendors are expected to further invest in the region as Asia-Pacific creates opportunities in the market with innovations and lower manufacturing costs.
The Onset of COVID-19 Stimulated the Demand for Home Gym Equipment
Published: Jan 2021
The global home gym equipment market is estimated to record a CAGR of 3.2% during the forecast period (2020-2026). Globally, around 25% of gym memberships are predicted to get canceled by gym-goers due to COVID-19. Around 35-40% of new consumers are first-time buyers and have started exercising at home due to health concerns induced by the COVID-19 scare, which has stimulated the growth of the home gym equipment market.
High Adoption Rate of Online Gaming Among all Generation will Drive the Growth of the US Online Gaming Market
Published: Jan 2021
The US online gaming market is anticipated to grow with a considerable CAGR of 8.1% during the forecast period (2020-2026). The growth of the market across the region is attributed to the high popularity of online games among all age groups as a source of entertainment.
High Popularity of Esports is Expected to Drive the South Korea Online Gaming Market
Published: Jan 2021
The South Korean online gaming market is anticipated to grow with a considerable CAGR of 8.4% during the forecast period (2020-2026). The country holds nationwide broadband communication networks that provide easily accessible, high-speed, large-capacity data transmission.
Canada is rising as a hub in the North America Online Gaming Market
Published: Jan 2021
The North American online gaming market is anticipated to grow with a considerable CAGR of 8.0% during the forecast period (2020-2026). The regional growth of the online gaming industry is attributed to the ever-expanding entertainment industry of the regions.
Outbreak of COVID-19 has Changed the Trends of Japan Online Gaming Market
Published: Jan 2021
The Japanese online gaming market is anticipated to grow with a considerable CAGR of 6.9% during the forecast period (2020-2026). The country is home to various global gaming companies, some of the major ones include Nintendo, Sony PlayStation, Sega, Square Enix, Capcom, and Bandai Namco.
Low-Cost Smartphones and Internet Providing Exponential Growth to the Indian Online Gaming Market
Published: Jan 2021
The Indian online gaming market is anticipated to grow with an exponential CAGR during the forecast period (2020-2026). The developing IT infrastructure coupled with the rising penetration of smartphones and high-speed internet is one of the major factors driving the market growth rate.
The strong growth of online gambling, betting and casino games will drive the Europe Online Gaming Market
Published: Jan 2021
The European online gaming market is anticipated to grow with a considerable CAGR of 7.7% during the forecast period (2020-2026). The largest market for the online gaming industry in the region includes Germany, France, Italy, Spain, and UK.