Connected Gym Equipment Market to Garner $1,048 Million - Comprehensive and Competitive Analysis of Leading Market Players - eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc.,

Improvement in economic condition and growing health concerns are the two key factors that propel the growth of the connected gym equipment market. The growing health awareness and need for an active lifestyle worldwide is a key driver for the growth of the connected gym equipment market. Sedentary lifestyle, changing eating habits have led to various health risks. Therefore, increase in awareness regarding regular physical activity along with good habits to stay healthy, to maintain a youthful appearance, and to reduce healthcare expenditure have raised the demand for smart gym equipment at residential and commercial spaces. In addition, significant count of geriatric population in the developed and developing countries also use unique fitness equipment to improve their cardiovascular conditions.

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Connected Gym Equipment Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the connected gym equipment market size was valued at $159 million in 2016, and is projected to reach $1,048 million by 2023, growing at a CAGR of 31.1% from 2017 to 2023. Cardiovascular training equipment in the global connected gym equipment market possesses a strong customer base. Demand for cardio equipment equipped with CSAFE connectivity, and compatibility with smartphones, iPod, and iPad is relatively much higher in the developed countries including the U.S., UK, and others. In addition, treadmills and stationary bicycles account for the most widely used type of cardiovascular equipment for weight management and overall body fitness.

Increased adoption of smartphones, rise in health awareness, increase in obese population, and rapid growth in health clubs and gymnasiums drive the growth of the connected gym equipment market. In addition, increased disposable income across developing nations, such as Asia-Pacific and LAMEA is anticipated to create lucrative opportunities for the global connected gym equipment market. However, high cost of connected gym equipment hampers the connected gym equipment market growth.

Asia-Pacific has emerged as one of the largest growing markets in the global connected gym equipment market. Improvement in economic conditions in the region along with growth in disposable income are the key drivers of the market. Economic growth in several countries in LAMEA boosts the market growth. In addition, an increase in the number of millennial is projected to drive the growth of the market. Therefore, the untapped regions in Asia-Pacific and LAMEA possess huge growth prospects in the coming years.

Health clubs or gyms generated the maximum revenue in 2016. Increase in the number of health clubs and gyms significantly drive the world connected gym equipment market. Health clubs drive the market for both cardiovascular and strength training exercises. In the U.S., gym membership rates have witnessed decent increase in the recent years owing to increasing incidence of obesity, with 34,460 clubs and 55 million members in 2015. Increasing health awareness among the population has increased the number of gym goers. Increase in per capita income, increasing urbanization rates, and growing youth population in developing economies are expected to offer lucrative opportunities to market players.

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The U.S. is the largest market of connected gym equipment globally. The country exhibits the highest penetration of cardiovascular equipment across the world on account of high obesity rates and increased health consciousness. Adoption of cardiovascular equipment with advanced features is higher compared to the western European countries. Moreover, the market exhibits rising demand for technologically advanced, high-end home cardiovascular fitness equipment in the region.

The key players in connected gym equipment industry focus to expand their business operations in the emerging countries by adopting various strategies, such as acquisition and contact/agreement. The major players profiled in this report include eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and Nautilus Inc.

LIST OF TABLES

TABLE 1. CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM CARDIOVASCULAR TRAINING EQUIPMENT, BY REGION, 2016-2023 ($MILLION)
TABLE 3. CARDIOVASCULAR TRAINING EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 4. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM STRENGTH TRAINING EQUIPMENT, BY REGION, 2016-2023 ($MILLION)
TABLE 5. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM OTHER EQUIPMENT, BY REGION, 2016-2023 ($MILLION)
TABLE 6. CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 7. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM RESIDENTIAL USERS, BY REGION, 2016-2023 ($MILLION)
TABLE 8. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM GYM/HEALTH CLUBS, BY REGION, 2016-2023 ($MILLION)
TABLE 9. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM COMMERCIAL USERS, BY REGION, 2016-2023 ($MILLION)
TABLE 10. GLOBAL CONNECTED GYM EQUIPMENT MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. U.S.: POPULATION & HEALTH PARAMETERS
TABLE 12. NORTH AMERICAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 13. NORTH AMERICAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 15. U.S. CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 16. U.S. CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 17. CANADA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 18. CANADA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 19. MEXICO CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. MEXICO CONNECTED GYM EQUIPMENT MARKET, BY CHANNEL, 2016-2023 ($MILLION)
TABLE 21. EUROPEAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 22. EUROPEAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 23. EUROPEAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 24. UK CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. UK CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 26. GERMANY CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 27. GERMANY CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 28. ITALY CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 29. ITALY CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 30. FRANCE CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 31. FRANCE CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 32. REST OF EUROPE CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 33. REST OF EUROPE CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 35. ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 36. ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 37. CHINA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 38. CHINA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 39. INDIA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 40. INDIA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. JAPAN CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 42. JAPAN CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 43. KOREA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 44. KOREA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 45. REST OF ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 46. REST OF ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 47. LAMEA CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 48. LAMEA CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 49. LAMEA CONNECTED GYM EQUIPMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 50. LATIN AMERICA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 51. LATIN AMERICA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 52. MIDDLE EAST CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 53. MIDDLE EAST CONNECTED GYM EQUIPMENT MARKET, BY CHANNEL, 2016-2023 ($MILLION)
TABLE 54. AFRICA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 55. AFRICA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 56. EGYM: COMPANY SNAPSHOT
TABLE 57. EGYM: OPERATING SEGMENTS
TABLE 58. EGYM: PRODUCT PORTFOLIO
TABLE 59. LES MILLS INTERNATIONAL: COMPANY SNAPSHOT
TABLE 60. LES MILLS INTERNATIONAL: OPERATING SEGMENTS
TABLE 61. LES MILLS INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 62. LIFE FITNESS: COMPANY SNAPSHOT
TABLE 63. LIFE FITNESS: OPERATING SEGMENTS
TABLE 64. LIFE FITNESS: PRODUCT PORTFOLIO
TABLE 65. PRECOR: COMPANY SNAPSHOT
TABLE 66. PRECOR: OPERATING SEGMENTS
TABLE 67. PRECOR: PRODUCT PORTFOLIO
TABLE 68. TECHNOGYM: COMPANY SNAPSHOT
TABLE 69. TECHNOGYM: OPERATING SEGMENTS
TABLE 70. TECHNOGYM: PRODUCT PORTFOLIO
TABLE 71. DRAPER INC.: COMPANY SNAPSHOT
TABLE 72. DRAPER INC.: OPERATING SEGMENTS
TABLE 73. DRAPER INC.: PRODUCT PORTFOLIO
TABLE 74. INCLUDEFITNESS INC.: COMPANY SNAPSHOT
TABLE 75. INCLUDEFITNESS INC.: OPERATING SEGMENTS
TABLE 76. INCLUDEFITNESS INC.: PRODUCT PORTFOLIO
TABLE 77. PARADIGM HEALTH & WELLNESS INC.: COMPANY SNAPSHOT
TABLE 78. PARADIGM HEALTH & WELLNESS INC.: OPERATING SEGMENTS
TABLE 79. PARADIGM HEALTH & WELLNESS INC.: PRODUCT PORTFOLIO
TABLE 80. JOHNSON HEALTH TECH CO. LTD.: COMPANY SNAPSHOT
TABLE 81. JOHNSON HEALTH TECH CO. LTD.: OPERATING SEGMENTS
TABLE 82. JOHNSON HEALTH TECH CO. LTD.: PRODUCT PORTFOLIO
TABLE 83. NAUTILUS INC.: COMPANY SNAPSHOT
TABLE 84. NAUTILUS INC.: OPERATING SEGMENTS
TABLE 85. NAUTILUS INC.: PRODUCT PORTFOLIO

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