Connected Gym Equipment Market 2020 Emerging Players, Growth Analysis And Precise Outlook – 2027

Market Overview
Gym equipments are getting smarter with the innovation of technology and digitization across the globe. Connected gym equipments are equipped with software and sensors that stores data and monitor every workout session for better results. Moreover, connected gym equipments are capable of measuring improvements and can track physical response to training session such as calories burned, heart rate, activity data and wattage output. Connected gym equipments also offer capability to track your workout session data on mobile apps. Mobile apps also features training plans, by collecting data from sensors which are implanted in the shoe sole, in functional wears which measures bodily movements and also controls bodily functions. Earlier it was anticipated that no algorithm can successfully replace a well trained trainer but the digital products are getting closer to innovation. Wearable technology is one of the most popular technologies among fitness freaks which include activity trackers, smart watches and smart eye glasses. Connected gym bikes are also the most attractive technology that allows the user to visually target individual muscles and to take complete advantage of limitless settings of the bike.

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The global connected gym equipment market is accounted for roughly USD 135 million in 2016 and expected to expand at compound annual growth rate of 26.7% over the forecast period i.e. 2016-2024. Further, the market is anticipated to surpass USD 900 million by the end of 2024. The market is expected to grow significantly over the forecast period owing to rising adoption of smart fitness wears.

Key Market Players
Brunswick Corporation
o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis
eGym
Les Mills International
Life Fitness
Precor
Technogym
Draper
Includefitness
Johnson Health Tech
Nautilu

Market Segmentation
By Product Type
o Cardiovascular Training Equipment
Treadmills
Elliptical
Stationary bike
Rowing machine
Others
o Strength Training Equipment
Squat Rack.
Barbells
Bench Press.
Incline bench press
Dumbbells
Other
o Other Equipment
By Distribution Channels
o Offline Channels
o Online Channels
By Geography
North America (US, Canada) {Market Share (%), Market Size (USD Million), Product Unit (Sales)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Product Units (Sales), Product Unit (Sales)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Product Unit (Sales)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), , Product Unit (Sales)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Product Unit (Sales)}
Rest of the World{Market Share (%), Market Size (USD Million), Product Unit (Sales), Product Unit (Sales)}

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Growth Drivers and Restraints
Growing health awareness and consumers demand for innovative and advance gym equipments led the gym equipment manufacturers to focus more on innovation and implementation of advance technology in their equipments. Rising popularity and sales of smart wearable is setting a new trend in health and fitness industry. According to Goldstein Research, Apple’s i-watch is expected to surpass sales of more than 450 million units by 2018. FitBit and Jawbone are some other popular smart wearable devices that can connect to smart gym equipments and provide immediate and accurate results after workout. Bluetooth compatibility of gym equipments allows the users to get connects with equipments for workout tracking, heart rate monitoring and enhanced entertainment. By witnessing the huge demand and popularity for connected gym equipments, major gym equipment manufacturing companies are collaborating with technology companies for developing connected gym equipments. For instance, eGym teamed up with leading fitness software and equipment manufactures for enhanced support. The major suppliers include Fle-xx, MATRIX and InBody. FitBit is one of the apps and test supplier for the company. Innovation and introduction of advance featured equipments are expected to bolster the growth of connected gym equipment market. However, extra-added feature and implementation of advance technology makes the connected gym equipments costly compared to the traditional gym equipments.

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Market Dynamics: Growth Drivers, Restraints and Opportunities
Risk Factors
Regional Variations
Recent Trends and Developments
Key Market Players
Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
Porters Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks

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