According to the latest report by IMARC Group, titled “Connected Gym Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global connected gym equipment market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 28% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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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.
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.
Connected Gym Equipment Market 2021-2026 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
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- 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 (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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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