0

Connected Gym Equipment Market Growth, Size, Trends, Analysis Report by End-user, Product, Region and Segment Forecast 2023-2027

  • Published: Nov 2022
  • Pages: 155
  • SKU: IRTNTR44089
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The connected gym equipment market is estimated to grow at a CAGR of 28.15% between 2022 and 2027. The size of the market is forecast to increase by USD 16,348.77 million. The growth of the market depends on serval factors, including the increasing smartphone penetration and growing demand for connected gym services, the premium pricing of connected devices owing to value-added features, and the technological advances in connected gym equipment. 

This report extensively covers market segmentation by end-user (residential and commercial), product (cardiovascular training equipment and strength training equipment), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Connected Gym Equipment Market During the Forecast Period?

Connected Gym Equipment Market Size

To learn more about this report, Download Report Sample

Parent Market Analysis

Technavio categorizes the globally connected gym equipment market as a part of the global leisure products industry within the global household durables market.  The parent global leisure products market covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Connected Gym Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape

Increasing smartphone penetration and growing demand for connected gym services are notably driving the market growth, although factors such as lack of awareness of products and technology may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Connected Gym Equipment Market Driver

Increasing smartphone penetration and growing demand for connected gym services are notably driving the connected gym equipment market growth. Smartphone penetration across the globe is growing. South Korea, Australia, Israel, the US, Spain, the UK, Canada, Chile, Malaysia, and Germany are the top countries with the highest smartphone penetration rates. The increasing internet speed is impacting the distribution and consumption of various online services. With improved networks, coverage, and innovative technologies (3G, 4G/LTE, or Long-Term Evolution), data consumption across the world is increasing.

The demand for connected fitness products and connected gym equipment is increasing. Connected fitness is a rapidly expanding market that begins with tracking physical activity and collecting data and displays through mobile apps, wearable devices, and more. Vendors are focusing on developing gym equipment that can be connected to an app. In September 2020, Peloton launched two new products named Bike+ and Tread smart home gym equipment. Bike+ is equipped with an HD-resolution touchscreen display, which allows users to monitor their fitness activities. Such factors will drive the growth of the market during the forecast period. 

Key Connected Gym Equipment Market Trend

Compatibility with different mobile operating systems is a major trend in the connected gym equipment market. The growing technology enables people to use their smartphones and tablets to track their fitness activities, such as the number of calories burnt. That is regardless of the brand and operating system of the devices. With the help of smart connected devices, smartphones and tablets can reduce the complexity of managing various devices from different places. The connected gym equipment products developed by various vendors in the market are compatible with different mobile operating systems, such as Android and iOS. Users can download these apps that connect to the various gym equipment from Android and iOS app stores or from the company websites directly.

Connected gym equipment offered by the various vendors in the market is supported by iOS and Android operating systems. These vendors offer Android and iOS apps that can be connected to the gym equipment to track the daily fitness activities of the users. Therefore, these factors will further drive market growth during the forecast period.

Key Connected Gym Equipment Market Challenge

Lack of awareness of product and technology is a major challenge impeding the connected gym equipment market growth. Vendors find it difficult to penetrate developing markets due to the lack of knowledge about smart products and technology among the population. To penetrate developing markets, vendors need to educate the population on the benefits of products. Additionally, due to the price-consciousness in developing countries, individuals tend to compare the cost with regular products rather than features and benefits.

The awareness of connected gym equipment is low in developing economies. The demand for connected gym equipment is high in developed countries in the Americas and Europe when compared to developing economies. In developing economies, most customers still use traditional gym equipment. The price of connected gym equipment is also very high when compared with ordinary gym equipment. Due to the low per-capita income in developing countries, individuals spend less on connected gym equipment, which is priced at a premium rate. Such factors will hamper the growth of the market during the forecast period. 

Key Connected Gym Equipment Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Connected Gym Equipment Market Share by Geography

Global Connected Gym Equipment Market Customer Landscape

Who are the Major Connected Gym Equipment Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Cosco India Ltd. - The company operates under two segments including its own manufactured products and traded goods with a high focus on traded goods. The company under this segment?offers the trade of health equipment, fitness accessories, and other sports goods. The company's key offerings include connected gym equipment. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Blue Goji Corp.
  • Draper Inc
  • EGYM Inc.
  • FightCamp
  • Hydrow
  • iFIT Health and Fitness
  • Johnson Health Tech Co. Ltd.
  • Les Mills International Ltd.
  • Life Fitness
  • MYXfitness LLC
  • Nautilus Inc.
  • Precor Inc.
  • SoulCycle
  • Tonal Systems Inc.
  • True Fitness Technology Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Connected Gym Equipment Market?

The market share growth by the residential segment will be significant during the forecast period. Affluent consumers are the primary users in this segment who might have an entire range of home fitness equipment or a gymnasium within the house itself. This will contribute to segment growth.

Connected Gym Equipment Market Size

Get a glance at the market contribution of various segments Request a PDF Sample

The residential segment shows a gradual increase in the market share of USD 1,649.64 million in 2017 and continued until 2021. In this segment, the US is one of the fastest-growing countries in terms of millionaires after China. Expectedly, there will be around 84 million millionaires by 2025. Busy schedules of consumers have been fueling the use of home fitness equipment. These factors can accelerate segment growth during the forecast period.

Which are the Key Regions for the Connected Gym Equipment Market?

Connected Gym Equipment Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

North America is projected to hold a share of 35% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is the largest market for connected gym equipment. The US is the largest market for connected gym equipment in North America. The growing adoption of smartphones and Internet penetration is driving the demand for connected gym equipment in North America. There will be a rise in the popularity and adoption of smart connected devices in the US in the next five years, with the US exhibiting high demand owing to technological advances and growing awareness among customers.

Another factor driving the market's growth is the increase in the prevalence of chronic diseases. In 2021, the country had 41,370 health clubs. Factors such as the availability of innovative products and the increasing prevalence of health issues drive the connected gym equipment market in the US. Health clubs and gyms in the country are coming up with health support groups, buddy systems, and connected gym equipment, focusing on the younger population to increase their membership. The government in the US also encourages consumers to undertake physical activities at workplaces. The Presidents Council on Fitness, Sports and Nutrition is an organization that works to improve people's health. It helps educate people about healthy living and conducts workshops and programs for the American population. These factors will enable the adoption of connected gym equipment during the forecast period.

The COVID-19 pandemic has forced gyms and fitness centers to close down temporarily to reduce the spread of infection. Therefore, this has resulted in a surge of interest in home fitness equipment and online coaching classes. The market has witnessed an increase in connected gym equipment sales as consumers try to replicate their gym workouts at home. Also, during the pandemic, the market has observed a positive trend in the rental of exercise equipment by several gyms globally. Therefore, these factors have positively impacted the growth of the market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Residential and Commercial), Product (Cardiovascular training equipment and Strength training equipment), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).

  • End-user Outlook (USD Million, 2017 - 2027)
    • Residential
    • Commercial
  • Product Outlook (USD Million, 2017 - 2027)
    • Cardiovascular training equipment
    • Strength training equipment
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Connected Gym Equipment Market Scope

Report Coverage

Details

Page number

155

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 28.15%

Market growth 2023-2027

USD 16,348.77 million

Market structure

Concentrated

YoY growth (%)

27.56

Regional analysis

North America, Europe, Middle East and Africa, and APAC

Performing market contribution

North America at 35%

Key countries

US, China, Japan, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Blue Goji Corp., Clmbr, Cosco India Ltd., Draper Inc, EGYM Inc., FightCamp, Hydrow, iFIT Health and Fitness, Johnson Health Tech Co. Ltd., Les Mills International Ltd., Life fitness, MYXfitness LLC, Nautilus Inc., Precor Inc., SoulCycle, TECHNOGYM SpA, Tonal Systems Inc., True Fitness Technology Inc., Paradigm Health and Wellness Inc., and Body Solid Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Connected Gym Equipment Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of connected gym equipment between 2023 and 2027
  • Precise estimation  of the connected gym equipment market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the  industry across North America, Europe, Middle East and Africa, and APAC
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of connected gym equipment market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Connected Gym Equipment Market 2023-2027 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global Connected Gym Equipment Market 2023-2027 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Residential - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Cardiovascular training equipment - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Cardiovascular training equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Cardiovascular training equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Cardiovascular training equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Cardiovascular training equipment - Year-over-year growth 2022-2027 (%)
    • 7.4 Strength training equipment - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Strength training equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Strength training equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Strength training equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Strength training equipment - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 55: Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Clmbr
              • Exhibit 108: Clmbr - Overview
              • Exhibit 109: Clmbr - Product / Service
              • Exhibit 110: Clmbr - Key offerings
            • 12.4 Cosco India Ltd.
              • Exhibit 111: Cosco India Ltd. - Overview
              • Exhibit 112: Cosco India Ltd. - Business segments
              • Exhibit 113: Cosco India Ltd. - Key offerings
              • Exhibit 114: Cosco India Ltd. - Segment focus
            • 12.5 Draper Inc
              • Exhibit 115: Draper Inc - Overview
              • Exhibit 116: Draper Inc - Product / Service
              • Exhibit 117: Draper Inc - Key offerings
            • 12.6 EGYM Inc.
              • Exhibit 118: EGYM Inc. - Overview
              • Exhibit 119: EGYM Inc. - Product / Service
              • Exhibit 120: EGYM Inc. - Key offerings
            • 12.7 FightCamp
              • Exhibit 121: FightCamp - Overview
              • Exhibit 122: FightCamp - Product / Service
              • Exhibit 123: FightCamp - Key offerings
            • 12.8 Hydrow
              • Exhibit 124: Hydrow - Overview
              • Exhibit 125: Hydrow - Product / Service
              • Exhibit 126: Hydrow - Key offerings
            • 12.9 iFIT Health and Fitness
              • Exhibit 127: iFIT Health and Fitness - Overview
              • Exhibit 128: iFIT Health and Fitness - Product / Service
              • Exhibit 129: iFIT Health and Fitness - Key offerings
            • 12.10 Johnson Health Tech Co. Ltd.
              • Exhibit 130: Johnson Health Tech Co. Ltd. - Overview
              • Exhibit 131: Johnson Health Tech Co. Ltd. - Product / Service
              • Exhibit 132: Johnson Health Tech Co. Ltd. - Key offerings
            • 12.11 Les Mills International Ltd.
              • Exhibit 133: Les Mills International Ltd. - Overview
              • Exhibit 134: Les Mills International Ltd. - Product / Service
              • Exhibit 135: Les Mills International Ltd. - Key offerings
            • 12.12 Life fitness
              • Exhibit 136: Life fitness - Overview
              • Exhibit 137: Life fitness - Product / Service
              • Exhibit 138: Life fitness - Key offerings
            • 12.13 MYXfitness LLC
              • Exhibit 139: MYXfitness LLC - Overview
              • Exhibit 140: MYXfitness LLC - Product / Service
              • Exhibit 141: MYXfitness LLC - Key offerings
            • 12.14 Nautilus Inc.
              • Exhibit 142: Nautilus Inc. - Overview
              • Exhibit 143: Nautilus Inc. - Business segments
              • Exhibit 144: Nautilus Inc. - Key offerings
              • Exhibit 145: Nautilus Inc. - Segment focus
            • 12.15 Precor Inc.
              • Exhibit 146: Precor Inc. - Overview
              • Exhibit 147: Precor Inc. - Product / Service
              • Exhibit 148: Precor Inc. - Key offerings
            • 12.16 TECHNOGYM SpA
              • Exhibit 149: TECHNOGYM SpA - Overview
              • Exhibit 150: TECHNOGYM SpA - Product / Service
              • Exhibit 151: TECHNOGYM SpA - Key offerings
            • 12.17 True Fitness Technology Inc.
              • Exhibit 152: True Fitness Technology Inc. - Overview
              • Exhibit 153: True Fitness Technology Inc. - Product / Service
              • Exhibit 154: True Fitness Technology Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 155: Inclusions checklist
                • Exhibit 156: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 157: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 158: Research methodology
                • Exhibit 159: Validation techniques employed for market sizing
                • Exhibit 160: Information sources
              • 13.5 List of abbreviations
                • Exhibit 161: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Connected Gym Equipment market growth will increase by $16348.77 million during 2023-2027.
              The connected gym equipment market is expected to grow at a CAGR of 28.15% during 2023-2027.
              Technavio has segmented the connected gym equipment market by end-user (Residential and Commercial) ,product (Cardiovascular training equipment and Strength training equipment) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Blue Goji Corp., Clmbr, Cosco India Ltd., Draper Inc, EGYM Inc., FightCamp, Hydrow, iFIT Health and Fitness, Johnson Health Tech Co. Ltd., Les Mills International Ltd., Life fitness, MYXfitness LLC, Nautilus Inc., Precor Inc., SoulCycle, TECHNOGYM SpA, Tonal Systems Inc., True Fitness Technology Inc., Paradigm Health and Wellness Inc., Body Solid Inc. are a few of the key vendors in the connected gym equipment market.
              North America will register the highest growth rate of 34.85% among the other regions. Therefore, the connected gym equipment market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the connected gym equipment market growth are:
              • Increasing smartphone penetration and growing demand for connected gym services
              • Compatibility with different mobile operating systems
              The connected gym equipment market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO recognized

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single:

                One user only.
                Quick & easy download option

              • Enterprise:

                Unlimited user access (Within your organization)
                Complimentary Customization Included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>