New Report on “Global Connected Gym Equipment Market Report 2019” is now available with Market Growth Insight (MGI).
The global connected gym equipment market size is expected to reach $1,048 million by 2023, registering a CAGR of 31.1% during the forecast period. Gym equipment connected to a software or application that records the workout of an individual and displays the data is called connected gym equipment. Connected gym equipment are set automatically, following an initial adjustment, to prevent incorrect and potentially harmful seating positions. Exercise station has a touch-operation screen, which displays the optimal sequence of movements. The equipment is connected to the internet and automatically transmits all training data to the trainer’s app. Thus, it helps to keep a track of workout goals, create personalized exercise plans, and record health history.
Major Key Players of the Connected Gym Equipment Market are:
eGym, Les Mills International, Life fitness, Precor, Technogym, Draper, IncludeFitness, Paradigm Health & Wellness, Johnson Health Tech, and Nautilus
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According to International Health, Racquet, and Sportsclub Association (IHRSA), in 2014, the number of fitness club memberships in the U.S. increased to 54.1 million, from 51.4 million in 2011. Rise in fitness consciousness and increase in level of health awareness is expected to significantly drive the connected gym equipment market. Improved lifestyle, coupled with rise in disposable income of individuals accelerates the market growth. However, high cost of connected gym equipment majorly restricts the market. Growth in fitness industry in Asia-Pacific is expected to open new avenues for the market players.
The global connected gym equipment market is segmented on the basis of type, end user, and geography. The type segment includes cardiovascular training equipment, strength training equipment, and other equipment. In 2016, Treadmills, ellipticals, stationary bike, rowing machine and others have witnessed the maximum revenue generation in 2016. The growth in number of obese population has resulted into huge demand of connected cardiovascular equipment at both residential and commercial spaces. Thus, cardiovascular training equipment generated the maximum revenue. Based on end user, the global connected gym equipment market is classified into residential, gym/health clubs, and commercial users. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major Types of Connected Gym Equipment Market covered are:
Cardiovascular training equipment
Strength training equipment
Major Applications of Connected Gym Equipment Market covered are:
– To study and analyze the global Connected Gym Equipment consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Connected Gym Equipment market by identifying its various sub-segments.
– Focuses on the key global Connected Gym Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Connected Gym Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Connected Gym Equipment Market Size
2.2 Connected Gym Equipment Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Connected Gym Equipment Market Size by Manufacturers
3.2 Connected Gym Equipment Key Players Head office and Area Served
3.3 Key Players Connected Gym Equipment Product/Solution/Service
3.4 Date of Enter into Connected Gym Equipment Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Connected Gym Equipment Sales by Product
4.2 Global Connected Gym Equipment Revenue by Product
4.3 Connected Gym Equipment Price by Product
5 Breakdown Data by End User
5.2 Global Connected Gym Equipment Breakdown Data by End User
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In the end, Connected Gym Equipment industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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