2023 Connected Gym Equipment Market Size and Forecast 2028
The Market for Connected Gym Equipment, which was valued at US$ 530.55 million in 2022, is anticipated to increase at a CAGR of 30.1% from 2023 to 2028, when it is estimated to reach US$ 3,482.69 million. The demand for connected gym equipment market is rising as exercise and health awareness become more widespread. Due to the fact that it gathers and keeps data on a server that is available from anywhere, connected gym equipment is becoming more and more popular. The demand for connected gym equipment is increasing as fitness clubs employ the newest technologies to draw in new clients. The main obstacle to the market expansion for the connected gym equipment market is that small health clubs cannot afford to replace their system due to its high cost.
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The Key companies profiled in the Connected Gym Equipment Market:
The study examines the Connected Gym Equipment Market's competitive landscape and includes data on EGym, Star Trac, Precor, Les Mills, StairMaster, Life Fitness, True Fitness, Cybex, Technogym, Hammer Strength, Peloton, Tonal, Mirror & Others.
Global Connected Gym Equipment Market Split by Product Type and Applications
This report segments the Connected Gym Equipment Market on the basis of Types:
On the basis of Application, the Connected Gym Equipment Market is segmented into:
People's schedules vary depending on their vocations. Every client may not be able to adhere to the general hours of operation in health clubs and gyms. Additionally, for the exercise session, the timing of the user and the trainer should coincide. Given that consumers are leaning towards privacy and comfort, there is a huge market opportunity in creating and producing affordable connected gym equipment for domestic use. The connected gym equipment market is divided into categories based on type, including cardiovascular training, strength training, and others. The market was controlled by the cardiovascular training category. The programmes, functions, and settings on the cardio gym equipment are frequently underutilised. Users of connected equipment can benefit from a variety of heart exercise programmes that can be tailored to their own needs.
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Both in industrialised and emerging nations, there is a rising need for connected gym equipment. North America, Europe, and Asia-Pacific nations make up the majority of these. In many developing nations, household disposable income is also rising significantly. Manufacturers now have the option to customise smart machines and equipment, which will greatly raise demand for linked gym equipment in the mid-price range while also taking into account buying power and available space at home.
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Connected Gym Equipment market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
One of the main drivers fueling the market's expansion is the quick digitization of the global health and fitness sector. Additionally, the expansion of the connected gym equipment market is being boosted by the general public's growing health consciousness as well as the rise in gyms, fitness clubs, and at-home exercise facilities. Sports fans and athletes use connected equipment and smart wearables to store, track, and analyse health data for improving their fitness levels. Another growth-promoting element is the incorporation of software-based coaching solutions in sporting goods.
Major Point from Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Connected Gym Equipment Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Connected Gym Equipment Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Connected Gym Equipment Market Analysis
Chapter 6 East Asia Connected Gym Equipment Market Analysis
Chapter 7 Europe Connected Gym Equipment Market Analysis
Chapter 8 South Asia Connected Gym Equipment Market Analysis
Chapter 9 Southeast Asia Connected Gym Equipment Market Analysis
Chapter 10 Middle East Connected Gym Equipment Market Analysis
Chapter 11 Africa Connected Gym Equipment Market Analysis
Chapter 12 Oceania Connected Gym Equipment Market Analysis
Chapter 13 South America Connected Gym Equipment Market Analysis
Chapter 14 Company Profiles and Key Figures in Connected Gym Equipment Business
Chapter 15 Global Connected Gym Equipment Market Forecast (2023-2028)
Chapter 16 Conclusions
Global Connected Gym Equipment Market Research FAQs
1.What is the study period of this Connected Gym Equipment Market?
2.What is the growth rate of this Market?
3.Which region has the highest growth rate in this Market?
4.Which region has the largest share in this Market?
5.What are the key contributing factors to the market growth?
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