Connected Fitness Market 2021 Analysis and Precise Outlook - Peloton, Planet Fitness, YETI Holdings, Garmin

The Global Connected Fitness Market Report Forecast 2021 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Connected Fitness market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Connected Fitness Market was valued at USD 1068.10 Million in the year 2020.

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Top Key Players in the Global Connected Fitness Market: Peloton, Planet Fitness, YETI Holdings, Garmin, Callaway, Under Armour, Nike, Cosco, Fitbit, Performax.

Market Overview:

Increasing fitness consciousness among people across the globe, along with rapid digitalisation of numerous industries at a global level, is driving the market. Smart fitness equipment provides better clarity on the performance of the users by tracking, monitoring, and analysing their workouts. This has driven the popularity of such devices and equipment among sports enthusiasts and athletes, thereby having a positive impact on connected fitness market growth.

Based on Type, Software Segment is expected to grow significantly as with people exercising without the guidance of a trainer or a coach, technology has emerged as the only respite. Following the suite of many other sectors, the fitness industry has also witnessed a massive digital transformation during the pandemic which is accelerating the market of software segment in connected fitness market worldwide.

Asia pacific region is anticipated to grow enormously on account of the growing working population in addition to rapid urbanisation in emerging nations of Asia Pacific region, backing the growth in the market. Countries such as India, China and Japan present lucrative market for Connected Fitness.

Furthermore, increasing busy lifestyle has been leading to the growing physical inactivity among is giving an acceleration to the connected fitness market. In addition, rising obesity concerns along with increased awareness among people to maintain health has been a key factor augmenting the market demand.

Scope of the Report

- The report presents the analysis of Connected Fitness market for the historical period of 2016-2020 and the forecast period of 2021-2026.

- The report analyses the Connected Fitness Market by value (USD Million).

- The report analyses the Connected Fitness Market by Type (Hardware, Software).

- The report analyses the Connected Fitness Market by Application (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking).

- The report analyses the Connected Fitness Market by End Use (Home, Health Clubs/ Gyms)

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This report elaborates the market size, market characteristics, and market growth of the Connected Fitness industry, and breaks down according to the type, application, and consumption area of Connected Fitness. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Connected Fitness Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Connected Fitness Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Key questions answered

- Who are the Leading key players and what are their Key Business plans in the Global Connected Fitness market?
- What are the key concerns of the five forces analysis of the Global Connected Fitness market?
- What are different prospects and threats faced by the dealers in the Global Connected Fitness market?
- What are the strengths and weaknesses of the key vendors?

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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