Connected Gym Equipment Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44089
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 Connected Gym Equipment Market - 2021-2025

The projected valuation of the connected gym equipment market by 2025 is USD 11.12 billion. The growth momentum of the market is expected to accelerate at a CAGR of 26.93%, during 2021-2025. This research report elucidates the market drivers and trends that has been catalyzing the progress of existing market players. One of the key factors driving the connected gym equipment market growth is increasing smartphone penetration and growing demand for connected gym services. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.

Connected Gym Equipment Market Size

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Connected Gym Equipment Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our connected gym equipment market analysis report extensively covers product (cardiovascular training equipment and strength training equipment), end-user (residential users and commercial users), and geography (North America, Europe, APAC, MEA, and South America), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the connected gym equipment market segments to recognize and seize financial opportunities

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic connected gym equipment market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Connected Gym Equipment Market Vendors and Competitive Analysis

The connected gym equipment market is fragmented and the vendors are deploying growth strategies such as expanding their market through partnerships with various distributors in developing countries to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The connected gym equipment market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

For detailed insights on complete key vendor profiles buy the full connected gym equipment market forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Connected Gym Equipment Market Vendors

Connected Gym Equipment Market - Region Opportunities 2021-2025

33% of the connected gym equipment market growth will originate from Europe during the forecast period. The UK and France are the key markets for connected gym equipment in Europe. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Connected Gym Equipment Market Share by Geography

Europe has been exhibiting a significant growth rate for connected gym equipment market vendors. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The connected gym equipment market share growth in Europe will be faster than the growth of the market in MEA, North America, and South America. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Connected Gym Equipment Market Insights by Product

Connected Gym Equipment Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The connected gym equipment market share growth by the cardiovascular training equipment segment will be significant during the forecast period. Cardiovascular training equipment like treadmills and cross-trainers have a lower shelf life than strength training equipment. Therefore, the replacement sales of cardiovascular training equipment are higher than that of strength training equipment. This will lead to higher sales of cardiovascular training equipment. Furthermore, increasing health awareness among consumers is also driving the segment's growth. This report provides an accurate prediction of the contribution of all the segments to the growth of the connected gym equipment market size.

From the connected gym equipment market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Connected Gym Equipment Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding connected gym equipment market growth is the lack of awareness on products and technology. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The increasing smartphone penetration and the growing demand for connected gym services will fuel the growth of the connected gym equipment market size. 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 also increasing. This has resulted in the growing demand for connected fitness products and connected gym equipment. 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. Hence, vendors are increasingly focusing on developing gym equipment that can be connected to an app.

Technavio research analysts have done an in-depth analysis of the connected gym equipment market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

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Connected Gym Equipment Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive connected gym equipment market growth during the next five years
  • Precise estimation of the connected gym equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the connected gym equipment market across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of connected gym equipment market vendors

Buy the Connected Gym Equipment Market report now to reimage your business strategies!

 

Connected Gym Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 27%

Market growth 2021-2025

$ 11.12 billion

Market structure

Fragmented

YoY growth (%)

16.52

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

Europe at 33%

Key consumer countries

US, China, Japan, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Cybex International Inc., DJO Global Inc., EGYM Inc., Johnson Health Tech Inc., Life fitness, Nautilus Inc., Precor Inc., SunSai Sports and Fitness, TECHNOGYM Spa, and True Fitness Technology Inc.

Market Dynamics

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

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Cardiovascular training equipment - Market size and forecast 2020-2025
    • Strength training equipment - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Residential users - Market size and forecast 2020-2025
    • Commercial users - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Cybex International Inc.
    • DJO Global Inc.
    • EGYM Inc.
    • Johnson Health Tech Inc.
    • Life fitness
    • Nautilus Inc.
    • Precor Inc.
    • SunSai Sports and Fitness
    • TECHNOGYM Spa
    • True Fitness Technology Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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
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    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
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    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?
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    The connected gym equipment market growth will increase by $7506.88 million during 2019-2024.
    The connected gym equipment market is expected to grow at a CAGR of 22.34% during 2019-2024.
    Technavio has segmented the connected gym equipment market by product (Cardiovascular training equipment and Strength training equipment) ,end user (Residential users and Commercial users) , and geographic (North America, Europe, APAC, MEA, and South America).
    Cybex International Inc., Draper Inc., EGYM Inc., Johnson Health Tech Inc., Les Mills International Ltd., Life fitness, Nautilus Inc., Paradigm Health and Wellness Inc., Precor Inc., TECHNOGYM Spa are a few of the key vendors in the connected gym equipment market.
    Europe will register the highest growth rate of 33.02% among the other regions. Therefore, the connected gym equipment market in Europe 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:
    • Technological advances in connected gym equipment
    • Collaborations between vendors and other tech companies to integrate smart features into gym equipment
    The connected gym equipment market vendors should focus on grabbing business opportunities from the cardiovascular training equipment segment as it accounted for the largest market share in the base year.
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