Connected Gym Equipment Market Business Growth Statistics and Key Players Insights: eGym, Les Mills International, Life fitness, Precor

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.

Industry Overview:
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.

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Key players in the global Connected Gym Equipment market covered:

eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and Nautilus Inc.

Influence of COVID-19 on the market:
The study also offers COVID-19 impact on different industry verticals. The emergence of the novel Coronavirus has made several disturbances on the smooth running market. They include flight cancellations, interruptions in logistics, reduced demand, increased public panic for the speedy spread of infection, educed employee strength in workplaces, delayed or rejected supply of essential goods to end users, high pressure on healthcare workers, increasing cases of patients affected with virus, and more. The Connected Gym Equipment market is also witnessing several restraints due to the entry of COVID-19. The smooth functioning of the Connected Gym Equipment market, current and future assessment of the impact is also elaborated in the report. It encompasses entire Connected Gym Equipment market with comprehensive research on profitability and revenue growth.

KEY BENEFITS FOR STAKEHOLDERS:

• This report provides an in-depth analysis of the global connected gym equipment market to identify the potential investment pockets.

• It outlines the current trends and future scenarios to determine the connected gym equipment market potential and gain stronger market foothold.

• Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.

• Quantitative analysis of the connected gym equipment industry from 2016 to 2023 is highlighted to recognize the financial competency of the market.

• Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

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Connected Gym Equipment Market Classification by Types:

• Cardiovascular training equipment
• Strength training equipment
• Other equipment

By End User:

• Residential
• Gym/health clubs
• Commercial users

The Connected Gym Equipment market research report offers:
• Vendors share analysis of the profiled market players
• Connected Gym Equipment market share evaluations of the segments on regional and global level
• Opportunities for new entrants in the Connected Gym Equipment market
• Market forecast for least 6 years for all the segments, their sub-segments in different regions and countries
• Strategic support in main business verticals in terms of market evaluations
• Connected Gym Equipment Market Trends (drivers, opportunities, restraints, challenges, threats, approvals, and investment opportunities)
• Supply chain trends that represent the recent technological improvements
• Competitive scenario drawing the major development patterns

Major Points Covered in Table of Contents –

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment pockets
3.2.2. Top winning strategies
3.2.3. Top impacting factors
3.3. KEY PLAYERS POSITIONING, 2016
3.4. PORTERS FIVE FORCES ANALYSIS

3.4.1. Bargaining powers of suppliers
3.4.2. Bargaining powers of buyers
3.4.3. Threat of substitution
3.4.4. Low threat of new entrant
3.4.5. High competitive rivalry
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Increased adoption of smartphones
3.5.1.2. Rising health awareness
3.5.1.3. Increase in obese population
3.5.1.4. Growth in number of gyms and fitness clubs
3.5.2. Restraints
3.5.2.1. High cost of connected gym equipment
3.5.3. Opportunities
3.5.3.1. Rise in disposable income across developing economies
…

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