The global Connected Gym Equipment Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Connected Gym Equipment market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the connected gym equipment market, valued at USD 822.56 million in 2022, will reach USD 5542.19 million by 2030, growing at a CAGR of 26.93% during the forecast period of 2023 to 2030.
Top Companies in the Global Connected Gym Equipment Market:
EGYM (Germany), LES MILLS INTERNATIONAL LTD (New Zealand), Life Fitness (U.S.), Brunswick Corporation (U.S.), Precor (U.S.), Technogym S.p.A. (Italy), Paradigm Health and Wellness (U.S.), Johnson Health Tech (U.S.), Nautilus, Inc. (U.S.), Core Health and Fitness, LLC. (U.S.), Draper, Inc. (U.S.), iFIT Inc.(U.S.), TRUE (Thailand), Nortus Fitness (India) Into Wellness (India), Escape Fitness (U.K.), Watson GYM Equipment (U.K), BEAVERFIT LIMITED (U.S.), Steelflex Fitness (U.K.), among others.
Market Segmentation:
Product Type
• Body Composition Analyzers
• Heavy Duty Elite Racks
• Trademills
• Stationary cycles
• Rowing Machines
• Elliptical
• Free weights
• Power Racks
• Olympic Bars and Collars
• Benches
• Dumbbells and Kettlebells
• Others
Application
• Weight Loss
• Body Building
• Physical Fitness
• Mental Fitness
• Others
Usage
• Residential
• Commercial
Type
• Outdoor
• Indoor
Equipment Type
• Cardiovascular Training Equipment
• Strength Training Equipment
• Fitness Monitoring Equipment
• Plate Loaded Equipment
• Ground Base Equipment
• Standalone Equipment’s
• Other Equipment
Distribution Channel
• Retail Stores
• Offline
• Online
• Specialty and Sports Shops
• Department and Discount Stores
• Direct Selling
• Others
• Gyms and Clubs
• Dealers
Connectivity Type
• Bluetooth
• Wifi
• Ethernet
• RFID/NFC
• Others
End User
• Health Clubs/Gyms
• Household
• Hotels
• Cruise Ships
• Public Gyms
• Colleges/University Gyms
• Corporate Offices
• Sports Training and Coaching Centers
• Athlete Training and Coaching Centers
• Rehabilitation Centers
• Physiotherapy Centers and Specialty Hospitals
• Defence Bases
• Others
• Commercial
• Apartments
• Gym apartments
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Market Dynamics:
Drivers
• Growing number of athletes competing in athletic events
Exercise helps manage non-communicable diseases such as diabetes, cancer, and cardiovascular disease and significantly positively affects the heart, body, and mind. People worldwide can now compete in sporting events and test their skills at various functional fitness competitions using the results of their hard fitness training. Numerous businesses and fitness-related organizations have taken the initiative to organize multiple outdoor activities and fitness competitions. Men were more likely to participate (20, 7%) than women (18%). This included sports, physical activity, and other active pastimes, creating demand and market expansion.
• The market is driven by rising health concerns and awareness
Some of the most significant factors that will probably accelerate the growth of the connected gym equipment market in the anticipated timeframe include the rising prevalence of obesity globally, the increase in gyms and fitness clubs, the quick digitalization of the health and fitness industry, the use of smart machines and devices for exercise, and the rise in applications in urban and semi-urban areas. On the other hand, increasing disposable income, rising health and fitness concerns, increasing numbers of fitness gear innovations, and increasing adoption of cutting-edge technology will contribute by creating enormous opportunities that will lead to the growth of the connected gym equipment market in the aforementioned projected timeframe.
Opportunities
• An increase in the price of home gym equipment
People's schedules vary depending on their professions. The standard hours of operation for health clubs and gyms might not be suitable for all patrons. The user's timing and trainers should coincide for the workout sessions. As users lean toward convenience and privacy, a great opportunity exists to design affordable connected gym equipment for residential use. Developed and developing countries are seeing increased demand for intelligent fitness equipment.
• Increasing health and fitness has led to a trend for connected gym equipment
The quick global digitization of the health and fitness industry. The market is also growing due to the growth of gyms, fitness clubs, and home fitness centers, as well as the general rise in health consciousness. Sports enthusiasts and athletes frequently use connected devices and smart wearables to store, track, and analyze health data to enhance their fitness levels. The inclusion of software-based coaching solutions in sporting goods is another factor that fosters growth. The connected machines allow for the tracking and monitoring of calories burned, weight lifted, sets and reps completed, range of motion, and weight lifted. Additional factors are anticipated to drive the market toward expansion, including rising consumer spending power and public concern over cardiovascular diseases.
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Strategic Points from Table of Content:
– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Connected Gym Equipment Market Size by Type and Application
– Regional Market Status and Outlook
– Connected Gym Equipment Market Analysis and Outlook
– Connected Gym Equipment Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix
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