Market Overview:
The global household connected gym equipment market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for home-based fitness equipment and rising awareness about the benefits of regular exercise. The global household connected gym equipment market is segmented on the basis of type, application, and region. On the basis of type, the cardiovascular training segment is expected to account for a major share in terms of revenue in 2018. This can be attributed to its growing popularity among consumers owing to its ability to improve heart health and overall fitness levels.
Product Definition:
Household Connected Gym Equipment is a term used to describe gym equipment that is connected to the internet. This allows users to track their workouts and progress online, as well as compete with others in virtual fitness challenges. The importance of Household Connected Gym Equipment lies in its ability to motivate people to workout more often and achieve better results.
Cardiovascular Training:
Cardiovascular training is the activity that increases the heart's ability to pump blood with oxygen and nutrients. It mainly involves exercise for strengthening the heart muscle oratory muscles, which pumps blood to all parts of the body. Cardiac training can be done in a gym or at home with any type of equipment including rowing machines, treadmills, stationary bicycles etc.
Strength Training:
Strength training is the progressive resistance training of the body's musculature to improve or maintain body strength. It involves performing exercises that involve moving heavy loads and increasing the intensity of those movements over time.
The global household connected gym equipment market is expected to witness significant growth over the forecast period owing to growing health awareness among people, rising disposable income, and changing lifestyle along with increasing popularity for home fitness equipment among middle-aged working population in developed countries including U.S.
Application Insights:
The adult segment held the largest share of more than 60.0% in 2017. The application of these machines in gyms, health clubs and fitness centers is expected to increase significantly over the forecast period as a result of growing awareness regarding weight loss and maintaining a healthy lifestyle among adults. Furthermore, increasing consumer preference for home-based workout routines owing to convenience and cost benefits is also expected to drive demand over the forecast period.
The children segment is projected to exhibit significant growth during the study period owing to rising awareness about proper nutrition, physical activity and health among parents coupled with an increase in number of schools installing these equipment for students' use after class hours or recesses have finished. This will help improve student's attendance as well as concentration levels which are considered important factors while choosing any career path at early stages of life education curriculum across various regions including North America, Europe & Asia Pacific Africa).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding health and fitness, high purchasing power of consumers, and availability of a wide range of products in this region.
The key players operating in this industry are Bally Total Fitness Inc.; iFit Technologies; Technogym S.A.; Cybex International Ltd.; Precor LLC; Spinning Systems Ltd.; BodyCraft A/S; Flywheel Sports Inc.
Growth Factors:
- Increasing demand for health and fitness consciousness among people across the globe is expected to drive the growth of the connected gym equipment market.
- Growing number of health clubs and gyms is also anticipated to fuel the demand for connected gym equipment in near future.
- Proliferation of smart devices and technological advancements are some other factors that are expected to contribute towards the growth of this market in coming years.
- Rising disposable income coupled with changing lifestyle trends is also projected to boost the demand for household connected gym equipment over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Connected Gym Equipment Market Research Report
By Type
Cardiovascular Training, Strength Training, Others
By Application
Adult, Children
By Companies
Life Fitness, eGym GmbH, Les Mills International, Technogym, Precor Incorporated, Star Trac UK Ltd., Cybex International, Paradigm Health & Wellness, Johnson Health Tech, Draper Inc.
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Household Connected Gym Equipment Market Report Segments:
The global Household Connected Gym Equipment market is segmented on the basis of:
Types
Cardiovascular Training, Strength Training, Others
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
Adult, Children
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:
- Life Fitness
- eGym GmbH
- Les Mills International
- Technogym
- Precor Incorporated
- Star Trac UK Ltd.
- Cybex International
- Paradigm Health & Wellness
- Johnson Health Tech
- Draper Inc.
Highlights of The Household 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:
- Cardiovascular Training
- Strength Training
- Others
- By Application:
- Adult
- Children
- 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 Household 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?
Household connected gym equipment is a type of fitness equipment that allows people to work out at home without having to go to a gym. This type of equipment includes treadmills, elliptical trainers, stationary bikes, and weight machines.
Some of the key players operating in the household connected gym equipment market are Life Fitness, eGym GmbH, Les Mills International, Technogym, Precor Incorporated, Star Trac UK Ltd., Cybex International, Paradigm Health & Wellness, Johnson Health Tech, Draper Inc..
The household connected gym equipment market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Household 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 Household Connected Gym Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Household 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 Household 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 Household Connected Gym Equipment Market Size & Forecast, 2020-2028
4.5.1 Household Connected Gym Equipment Market Size and Y-o-Y Growth
4.5.2 Household 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 Cardiovascular Training
5.2.2 Strength Training
5.2.3 Others
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 Adult
6.2.2 Children
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Household 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 Household 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 Cardiovascular Training
9.6.2 Strength Training
9.6.3 Others
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 Adult
9.10.2 Children
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 Cardiovascular Training
10.6.2 Strength Training
10.6.3 Others
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 Adult
10.10.2 Children
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 Cardiovascular Training
11.6.2 Strength Training
11.6.3 Others
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 Adult
11.10.2 Children
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 Cardiovascular Training
12.6.2 Strength Training
12.6.3 Others
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 Adult
12.10.2 Children
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 Cardiovascular Training
13.6.2 Strength Training
13.6.3 Others
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 Adult
13.10.2 Children
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 Household Connected Gym Equipment Market: Competitive Dashboard
14.2 Global Household Connected Gym Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Life Fitness
14.3.2 eGym GmbH
14.3.3 Les Mills International
14.3.4 Technogym
14.3.5 Precor Incorporated
14.3.6 Star Trac UK Ltd.
14.3.7 Cybex International
14.3.8 Paradigm Health & Wellness
14.3.9 Johnson Health Tech
14.3.10 Draper Inc.
