Connected Gym Equipment Market To Eyewitness Massive Growth, Latest Advancement and Detail Analysis | Brunswick Corporation, Core Health & Fitness LLC, Draper Inc and More

IMARC Group has recently released a new research study titled "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 31.7% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Connected gym equipment replicates the gym experience by providing access to training programs and live online classes led by professional trainers. These machines are connected to the internet, enabling users to store and collect data on centralized servers. They can also be linked with wearable devices or smartphone applications for continuous tracking and monitoring of their performance. Treadmills, rowing machines, ellipticals, stationary bikes, bench presses, squat racks, barbells, and dumbbells are some common product types. Consequently, connected gym equipment is extensively used across gyms, studios, health and fitness clubs, hotels, and hospitals.

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What are the driving factors of the connected gym equipment industry?

The global connected gym equipment market is primarily driven by the rising health consciousness among consumers and the increasing prevalence of lifestyle diseases. The growing number of fitness clubs, gyms, and home fitness centers are further supporting product demand across the globe. In line with this, the rising per capita income and the rapid digitization in the health and fitness industry are providing a considerable thrust to the market growth. Moreover, key market players are integrating software-based coaching solutions in sports equipment to increase their consumer base, which is creating a positive outlook for the market. Besides this, the emerging trend of smart wearable devices and connected machines to track and monitor fitness parameters, such as number of burnt calories, amount of weight lifted, distance walked, and round of sets and reps, is acting as a growth-inducing factor.

Connected Gym Equipment Market Report

Connected Gym Equipment Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global connected gym equipment market has been studied in the report with the detailed profiles of the key players operating in the market.

Connected Gym Equipment Key Companies: 

• 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.

Key Market Segmentation:

The report has segmented the global connected gym equipment market on the basis of equipment type, connectivity type, distribution channel, end user and region.

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

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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