According to the latest report by IMARC Group, titled “Connected Gym Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global connected gym equipment market size reached a value of US$ 567 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,009 Million by 2027, exhibiting a CAGR of 32.7% during 2022-2027.
Market Outlook:
Connected gym equipment represents the fitness machines and devices connected to the internet and centralized servers via smartphone applications or wearable devices to collect user information and track performance. Some examples of these types of equipment include treadmills, stationary bikes, ellipticals, squat racks, bench presses, barbells, etc. Connected gym equipment helps personalize workout schedules for maximum efficiency, performs diverse workouts for major muscle groups, synchronizes activities with other users, stores the database on a cloud server, etc. Consequently, these devices are widely utilized in health and fitness clubs, gyms, studios, hotels, hospitals, etc.
Market Growth Drivers:
The increasing digitization of the health and fitness industry across the globe is among the primary factors driving the connected gym equipment market. Moreover, the growing health consciousness among individuals, along with the expanding number of gyms, fitness clubs, home fitness centers, etc., is further bolstering the market growth. Besides this, numerous sports enthusiasts and athletes are increasingly utilizing smart wearable devices and connected machines to store, monitor, and analyze health information for enhancing their fitness levels. This is acting as another significant growth-inducing factor.
Furthermore, the escalating concerns regarding cardiovascular ailments among consumers are augmenting the global market. Apart from this, the rising integration of software-based coaching solutions in sports equipment for tracking and monitoring the amount of weight lifted, number of sets and reps, range of motion, number of calories burned, etc., is anticipated to stimulate the connected gym equipment market in the coming years.
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Connected Gym Equipment Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global connected gym equipment market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Brunswick Corporation
- Core Health & Fitness LLC
- Draper Inc.
- EGYM
- Johnson Health Tech Co. Ltd.
- Les Mills International Ltd.
- Nautilus Inc.
- Paradigm Health & Wellness
- Precor Incorporated (Peloton Interactive Inc.)
- Technogym S.p.A
- TRUE Fitness Technology Inc.
Key Market Segmentation:
The report has segmented the global connected gym equipment market on the basis of equipment type, connectivity type, distribution channel, end user and region.
Breakup by Equipment Type:
- Cardiovascular Training Equipment
- Strength Training Equipment
- Others
Breakup by Connectivity Type:
- Bluetooth
- Wi-Fi
- Ethernet
- RFID/NFC
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End User:
- Residential
- Gyms and Health Clubs
- Commercial
Geographical Analsis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/connected-gym-equipment-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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