Global Connected Gym Equipment Market, By Equipment Type (Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment), Distribution Channel (Offline Retail Stores, Online Retail Stores, Direct Selling), Connectivity Type (Bluetooth, Wifi, Ethernet, RFID/NFC, Others), End Use Industry (Household, Hotels, Cruise Ships, Public Gyms, Colleges/University Gyms, Corporate Offices, Sports Training and Coaching Centers, Athlete Training and Coaching Centers, Rehabilitation Centers, Physiotherapy Centers and Specialty Hospitals, Defence Bases, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights : Global Connected Gym Equipment Market
Connected gym equipment market will expect to grow at a rate of 15.60% for the forecast period of 2020 to 2027. Connected gym equipment market report analyses the growth, which is currently being growing due to the increasing adoption of smartphones.
Exercise equipment is any device or device used to increase the strength or conditioning effects of the exercise during physical activity by offering either fixed or adjustable levels of resistance, or otherwise enhancing the experience or result of an exercise routine.
The increasing health awareness among the people, growing prevalence of obese population across the globe, increasing number of gyms and fitness clubs, rapid digitalization of the health and fitness industry along with utilization of smart machines and devices to exercise, rising applications in urban and semi-urban areas are some of the vital as well as impactful factors which will likely to upsurge the growth of the connected gym equipment market in the projected timeframe of 2020-2027. On the other hand, increasing levels of disposable income of the people along with increasing concern regarding health and physical fitness, growing number of innovation in the fitness equipment and implementation of advanced technology which will further contribute by generating immense opportunities that will led to the growth of the connected gym equipment market in the above mentioned projected timeframe.
High cost of smart equipment which will likely to act as a market restraint factor for the growth of the connected gym equipment in the above mentioned projected timeframe.
This connected gym equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on connected gym equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Connected Gym Equipment Market Scope and Market Size
Connected gym equipment market is segmented on the basis of equipment type, distribution channel, connectivity type, and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of equipment type, the connected gym equipment market is segmented into cardiovascular training equipment, strength training equipment, and other equipment. Cardiovascular training equipment has been further segmented into elliptical, treadmill, stair mill/climber, ARC trainer, stepper, rower, stagnant bikes, and others. Stagnant bikes have been further sub segmented into upright bikes, and recumbent bikes. Strength training equipment has been further segmented as cable stations. Cable stations have been further sub segmented into butterfly, press, and others.
- Based on distribution channel, the connected gym equipment market is segmented into offline retail stores, online retail stores, and direct selling.
- On the basis of connectivity type, the connected gym equipment market is segmented into Bluetooth, Wifi, Ethernet, RFID/NFC, and others.
- Based on end use industry, the connected gym equipment market is segmented into household, hotels, cruise ships, public gyms, colleges/university gyms, corporate offices, sports training and coaching centers, athlete training and coaching centers, rehabilitation centers, physiotherapy centers and specialty hospitals, defence bases, and others.
Global Connected Gym Equipment Market Country Level Analysis
Connected gym equipment market is analysed and market size, volume information is provided by country, equipment type, distribution channel, connectivity type, and end use industry as referenced above.
The countries covered in the connected gym equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The U.S. dominates the North America connected gym equipment market due to the increasing growth of the health and fitness industry in the region. Asia-Pacific region is expected to hold the largest growth rate due to the increasing number of large fitness clubs in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Connected Gym Equipment Market Share Analysis
Connected gym equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to connected gym equipment market.
The major players covered in the connected gym equipment market report are EGYM; LES MILLS INTERNATIONAL LTD; Life Fitness.; Brunswick Corporation.; Precor Incorporated.; Technogym S.p.A.; Paradigm Health & Wellness; Johnson Health Tech.; Nautilus, Inc.; Core Health & Fitness, LLC.; Cybex International, Inc.; Draper, Inc.; Icon Health & Fitness; TRUE Fitness Technology, Inc.; Octane Fitness, LLC; Nortus Fitness; Into Wellness.; ESCAPE FITNESS LTD.; Watson Gym Equipment; BEAVERFIT LIMITED; Steelflex Fitness; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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