Market Overview:
The global connected gym equipment market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fitness and health awareness among people, growing number of health clubs and gyms, and rising adoption of smart technology in gym equipment. The global connected gym equipment market is segmented on the basis of type into cardio equipment and strength equipment. The cardio equipment segment is further sub-segmented into treadmills, elliptical machines, stationary bikes, stair climbers, and rowing machines. The strength equipment segment is further sub-segmented into weightlifting machines (free weights), weightlifting benches & racks, Smith Machines & power racks), cable crossover stations (cable pulleys), selectorized weight stacks (plate loaded or pin loaded), functional trainers (multi-station home gyms). Among these segments, the cardio Equipment segment held the largest share in 2017 owing to its high usage by consumers for maintaining their physical health. On The Basis Of Application Type ,The Global Connected Gym Equipment Market Is Segmented Into Commercial And Household Applications .
Product Definition:
Connected gym equipment is a type of workout equipment that can be used to monitor and track the user's workout data. This type of equipment is often equipped with sensors that can track things such as heart rate, calories burned, and distance traveled. This information can then be accessed by the user or their trainer in order to help them optimize their workouts. Connected gym equipment is becoming increasingly popular due to its ability to provide users with real-time feedback on their workouts.
Cardio Equipment:
Cardio equipment is the fastest growing segment in the connected gym equipment market. The major factor that propels its growth includes increasing health consciousness and desire to stay fit among people of all age groups. Moreover, cardio training helps burn calories and keep a check on weight, which is highly motivating for an individual as well as a nation.
Strength Equipment:
Strength equipment are the machines or devices that help in building muscular strength. They can be used by individuals of all ages and fitness levels. The major factor driving the connected gym equipment market is increasing health consciousness coupled with rising disposable income especially in developing countries like India, China, etc. Moreover, increasing awareness regarding fitness and wellbeing is also fueling the growth of this market globally.
The global strength equipment.
Application Insights:
The commercial application segment dominated the global connected gym equipment market, accounting for more than 60.0% share of the total revenue in 2017. Rising adoption of these machines at gyms and health clubs is expected to be a key factor driving the growth over the forecast period. For instance, according to data published by Technogym in 2018, cardio machines accounted for around 70% of its total installed base globally while strength training equipment accounted for 30%.
Household applications are projected to witness significant growth over the forecast period owing to increasing consumer disposable income levels coupled with rising awareness regarding fitness and well-being. According to a study conducted by The National Endowment for Financial Education (NEFE) in 2016, nearly 90% of U.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast years owing to increasing awareness about health and fitness, presence of well-established gyms, and availability of a large number of brands. Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income especially in developing countries such as China and India. Moreover, government initiatives encouraging healthy living are projected to drive demand for global connected gym equipment market during the forecast period. Additionally, growing penetration of international manufacturers such as Technogym in Asian countries will also boost industry expansion over the coming years.
The European region accounted for more than 20% share in 2017 due with presence large number strong players operating throughout Europe including Exerpeutic Corporation; Stott Group; Fitness First Ltd.; Body Champ Ltd.; Precor Inc.; Cybex International Inc.
Growth Factors:
- Increasing demand for health and fitness consciousness among people across the globe is expected to drive the growth of connected gym equipment market.
- Growing popularity of wearable technology is another major factor that is anticipated to fuel the demand for connected gym equipment in near future.
- Proliferation of smart devices and increasing penetration of internet are some other factors that are projected to contribute towards the growth of this market in coming years.
- Rising disposable income coupled with changing lifestyle trends are also likely to boost the demand for connected gym equipment over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Gym Equipment Market Research Report
By Type
Cardio Equipment, Strength Equipment
By Application
Commercial, Household
By Companies
EGym, Les Mills, Life Fitness, Precor, Technogym, Cybex, StairMaster, Star Trac, Hammer Strength, True Fitness, Peloton, Tonal, Mirror
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Connected Gym Equipment Market Report Segments:
The global Connected Gym Equipment market is segmented on the basis of:
Types
Cardio Equipment, Strength Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Household
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EGym
- Les Mills
- Life Fitness
- Precor
- Technogym
- Cybex
- StairMaster
- Star Trac
- Hammer Strength
- True Fitness
- Peloton
- Tonal
- Mirror
Highlights of The Connected Gym Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cardio Equipment
- Strength Equipment
- By Application:
- Commercial
- Household
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Gym Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected gym equipment is a type of fitness equipment that allows users to access their workouts from any device with an internet connection. This includes smartphones, tablets, laptops, and even desktop computers.
Some of the major companies in the connected gym equipment market are EGym, Les Mills, Life Fitness, Precor, Technogym, Cybex, StairMaster, Star Trac, Hammer Strength, True Fitness, Peloton, Tonal, Mirror.
The connected gym equipment market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Gym Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Gym Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Gym Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Gym Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Gym Equipment Market Size & Forecast, 2020-2028
4.5.1 Connected Gym Equipment Market Size and Y-o-Y Growth
4.5.2 Connected Gym Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cardio Equipment
5.2.2 Strength Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Gym Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Gym Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cardio Equipment
9.6.2 Strength Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cardio Equipment
10.6.2 Strength Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cardio Equipment
11.6.2 Strength Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cardio Equipment
12.6.2 Strength Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cardio Equipment
13.6.2 Strength Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Gym Equipment Market: Competitive Dashboard
14.2 Global Connected Gym Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EGym
14.3.2 Les Mills
14.3.3 Life Fitness
14.3.4 Precor
14.3.5 Technogym
14.3.6 Cybex
14.3.7 StairMaster
14.3.8 Star Trac
14.3.9 Hammer Strength
14.3.10 True Fitness
14.3.11 Peloton
14.3.12 Tonal
14.3.13 Mirror
