Connected Gym Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Connected Gym Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global connected gym equipment market size reached US$ 734.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,761.9 Million by 2028, exhibiting a growth rate (CAGR) of 31.29% during 2022-2028.

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:
IMARC Group 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 2023-2028. Our 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 2022?
2. What is the expected growth rate of the global connected gym equipment market during 2023-2028?
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?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Connected Gym Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Equipment Type
6.1 Cardiovascular Training Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Strength Training Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Connectivity Type
7.1 Bluetooth
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wi-Fi
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Ethernet
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 RFID/NFC
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Gyms and Health Clubs
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Commercial
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Brunswick Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Core Health & Fitness LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Draper Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 EGYM
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Johnson Health Tech Co. Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Les Mills International Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Nautilus Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Paradigm Health & Wellness
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Precor Incorporated (Peloton Interactive Inc.)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Technogym S.p.A
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 TRUE Fitness Technology Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio

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