Smart Fitness Equipment Market Statistics, Size, Share, Analysis & Forecast 2028 | EGym, Star Trac, Precor, Les Mills
The Market for Smart Fitness Equipment is anticipated to reach a value of $12,735.5 million in 2022 and grow at a CAGR of 28.1% from 2023 to 2030. Users of smart fitness equipment can track and measure their workout efforts to better their health. Activity trackers are another name for smart fitness equipment that track bodily processes while an individual is working out. Wearable and non-wearable smart fitness gadgets can be separated into categories. Wearable fitness equipment includes smart accessories like smartbands and watches, while non-wearable fitness gear includes equipment for strength, cardio, and cross-training. Wearable smart fitness gadgets are self-contained, user-friendly devices that can wirelessly connect to the internet by installing third-party software or applications.
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The Key companies profiled in the Smart Fitness Equipment Market:
The study examines the Smart Fitness 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 Smart Fitness Equipment Market Split by Product Type and Applications
This report segments the Smart Fitness Equipment Market on the basis of Types:
On the basis of Application, the Smart Fitness Equipment Market is segmented into:
Consumers are getting more tech-savvy and picky in their purchases in this era of rapid technological advancement. Smart accessories and gadgets, including smartwatches and activity trackers that can count steps taken, heart rates, and other information are becoming more and more popular with consumers. Consequently, simplify client experience while improving it. Consumers now highly favour smart fitness products like smartwatches, wireless activity trackers, and smart brands. This is due to the numerous advantages that these gadgets provide, like the synchronisation of daily workouts to smartphones, updates provided, and timely health advice. The adoption of smart accessories in consumer verticals is being driven by additional features like Wi-Fi-enabled scales with cutting-edge apps to track and graph, crucial elements like BDI (body mass index) to provide a clear sense of weight trends, and other capabilities.
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During the time of the forecast, Europe is expected to continue to be one of the most alluring markets. In 2023, the United Kingdom is anticipated to have close to 22% of the market share in Europe, according to the report. People have had to reconsider their typical fitness routines and concentrate on finding ways to work out in small spaces with less equipment as a result of the pandemic in the United Kingdom. People are choosing digital fitness so they can keep social distance while maintaining a healthy lifestyle in order to be safe and healthy as well as to minimise the spread of the virus. Due to investments made by European businesses in the development of fitness wearable systems and solutions for health and wellness, demand for smart fitness equipments is rising in the United Kingdom.
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Smart Fitness 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.
The high cost of smart fitness equipment market is anticipated to impede the rate of uptake in developing economies. Smart fitness equipment is extremely sophisticated and contains cutting-edge features like GPS tracking, Wi-Fi, and LED screens. Some gadgets can track the user's heart rate (BPM), calories burned, steps taken, oxygen saturation, and other information. This causes the selling price of such devices to be very expensive. Therefore, during the course of the forecast period, these factors are anticipated to restrain the growth of the worldwide smart fitness market.
Major Point from Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Smart Fitness Equipment Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Smart Fitness Equipment Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Smart Fitness Equipment Market Analysis
Chapter 6 East Asia Smart Fitness Equipment Market Analysis
Chapter 7 Europe Smart Fitness Equipment Market Analysis
Chapter 8 South Asia Smart Fitness Equipment Market Analysis
Chapter 9 Southeast Asia Smart Fitness Equipment Market Analysis
Chapter 10 Middle East Smart Fitness Equipment Market Analysis
Chapter 11 Africa Smart Fitness Equipment Market Analysis
Chapter 12 Oceania Smart Fitness Equipment Market Analysis
Chapter 13 South America Smart Fitness Equipment Market Analysis
Chapter 14 Company Profiles and Key Figures in Smart Fitness Equipment Business
Chapter 15 Global Smart Fitness Equipment Market Forecast (2023-2028)
Chapter 16 Conclusions
Global Smart Fitness Equipment Market Research FAQs
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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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