The global connected gym equipment market size reached US$ 964.4 Million in 2023. Looking forward, the market is expected to reach US$ 8.99 billion by 2032, exhibiting a growth rate (CAGR) of 28.2% during 2023-2032.
Connected gym equipment refers to the machines and devices connected to the internet and centralized servers to collect user information. The users can connect the equipment to their smartphone applications or wearable devices for continuous monitoring and tracking of their performance. They also used for personalized workout schedules to maximize their efficiency and improve the form of the user.
Some of the commonly used connected gym equipment includes treadmills, elliptical, stationary bike and rowing machines for cardiovascular training, along with squat racks, barbells, bench presses and dumbbells for strength training. These equipment aid in performing diverse workouts for major muscle groups, synchronizing workouts with other users and storing the database on a cloud server. As a result, connected gym equipment are widely used across health and fitness clubs, gyms, studios, hotels and hospitals.
The connected machines can track and monitor the amount of weight lifted, number of sets and reps, range of motion and number of calories burned. Other factors, including the increasing expenditure capacities of the consumers, along with rising concerns regarding cardiovascular ailments among the masses, are anticipated to drive the market toward growth.
2. What is the expected growth rate of the global connected gym equipment market during 2024-2032?
3. What are the key factors driving the global connected gym equipment market?
4. What has been the impact of COVID-19 on the global connected gym equipment market?
5. What is the breakup of the global connected gym equipment market based on the equipment type?
6. What is the breakup of the global connected gym equipment market based on the connectivity type?
7. What is the breakup of the global connected gym equipment market based on distribution channel?
8. What is the breakup of the global connected gym equipment market based on the end user?
9. What are the key regions in the global connected gym equipment market?
10. Who are the key players/companies in the global connected gym equipment market?
Connected gym equipment refers to the machines and devices connected to the internet and centralized servers to collect user information. The users can connect the equipment to their smartphone applications or wearable devices for continuous monitoring and tracking of their performance. They also used for personalized workout schedules to maximize their efficiency and improve the form of the user.
Some of the commonly used connected gym equipment includes treadmills, elliptical, stationary bike and rowing machines for cardiovascular training, along with squat racks, barbells, bench presses and dumbbells for strength training. These equipment aid in performing diverse workouts for major muscle groups, synchronizing workouts with other users and storing the database on a cloud server. As a result, connected gym equipment are widely used across health and fitness clubs, gyms, studios, hotels and hospitals.
Connected Gym Equipment Market Trends:
Rapid digitization of the health and fitness industry across the globe is one of the key factors driving the growth of the market. Moreover, the rising health consciousness among the masses, along with the increasing number of gyms, fitness clubs and home fitness centers, is also providing a thrust to the market growth. Sports enthusiasts and athletes are widely using smart wearable devices and connected machines to store, monitor and analyze health information for enhancing their fitness levels. Additionally, the integration of software-based coaching solutions in sports equipment is acting as another growth-inducing factor.The connected machines can track and monitor the amount of weight lifted, number of sets and reps, range of motion and number of calories burned. Other factors, including the increasing expenditure capacities of the consumers, along with rising concerns regarding cardiovascular ailments among the masses, are anticipated to drive the market toward growth.
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the global connected gym equipment market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on equipment type, connectivity type, distribution channel and end user.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
- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and TRUE Fitness Technology Inc.Key Questions Answered in This Report
1. What was the size of the global connected gym equipment market in 2023?2. What is the expected growth rate of the global connected gym equipment market during 2024-2032?
3. What are the key factors driving the global connected gym equipment market?
4. What has been the impact of COVID-19 on the global connected gym equipment market?
5. What is the breakup of the global connected gym equipment market based on the equipment type?
6. What is the breakup of the global connected gym equipment market based on the connectivity type?
7. What is the breakup of the global connected gym equipment market based on distribution channel?
8. What is the breakup of the global connected gym equipment market based on the end user?
9. What are the key regions in the global connected gym equipment market?
10. Who are the key players/companies in the global connected gym equipment market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Connected Gym Equipment Market
6 Market Breakup by Equipment Type
7 Market Breakup by Connectivity Type
8 Market Breakup by Distribution Channel
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | September 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 964.4 Million |
| Forecasted Market Value ( USD | $ 8996.1 Million |
| Compound Annual Growth Rate | 28.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
