IMARC Group has recently released a new research study titled “Connected Gym Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market trends, drivers, segmentation, growth opportunities and competitive landscape to understand the current and future market scenarios.
How big is the connected gym equipment market?
The global connected gym equipment market size reached US$ 964.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 8,996.1 Million by 2032, exhibiting a growth rate (CAGR) of 27.3% during 2024-2032.
Industry Overview:
Connected Gym Equipment encompasses a wide range of fitness devices and systems integrated with advanced technology to offer real-time tracking, personalized workouts, and data analytics, all aimed at enhancing the user's exercise experience and overall well-being. These smart devices provide comprehensive solutions to address the challenges of maintaining consistent exercise routines and tracking fitness progress. Key features of Connected Gym Equipment include interconnectivity, real-time feedback, and customizable workout plans that cater to the specific fitness levels and goals of individual users.
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Market Trends and Growth Drivers:
The proliferation of smart technology in daily life is one of the key factors driving the growth of the market. As consumers become more health-conscious, the demand for advanced, data-driven gym equipment is rising. In addition to this, the growth in the wellness industry and an increased focus on personalized fitness are catalyzing the market for Connected Gym Equipment. The rising popularity of IoT-enabled devices has emphasized the need for interconnected, smart gym setups, thus fueling market growth. Furthermore, the awareness of the benefits of regular exercise and the appeal of convenient, at-home workout solutions have led to a surge in demand, contributing significantly to market expansion. The ever-changing landscape of fitness technology and the need for individuals to maintain a healthy lifestyle are also propelling the market.
Many people are seeking expert guidance in the form of virtual trainers and specialized workout programs, facilitated by smart gym equipment, driving market growth. Moreover, the integration of cloud technology in fitness equipment allows users to store and analyze their workout data, thus optimizing their routines and further fueling demand. Government initiatives encouraging physical activity and well-being also create a conducive environment for the growth of the Connected Gym Equipment market. As individuals and fitness centers alike strive to integrate the latest in smart technology, investments in these advanced fitness solutions are escalating, driving market growth globally.
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.
Based on Equipment Type:
- Cardiovascular Training Equipment
- Strength Training Equipment
- Others
Based on Connectivity Type:
- Bluetooth
- Wi-Fi
- Ethernet
- RFID/NFC
- Others
Based on Distribution Channel:
- Online
- Offline
Based on End User:
- Residential
- Gyms and Health Clubs
- Commercial
Geographical Analysis:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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