New York, NY -- (SBWire) -- 10/14/2020 --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. Gym equipment connected to a software or application that records the workout of an individual and displays the data is called connected gym equipment. Connected gym equipment are set automatically, following an initial adjustment, to prevent incorrect and potentially harmful seating positions. Exercise station has a touch-operation screen, which displays the optimal sequence of movements. The equipment is connected to the internet and automatically transmits all training data to the trainers app. Thus, it helps to keep a track of workout goals, create personalized exercise plans, and record health history.
The Market Growth Insight delivers well-researched industry-wide information on the Connected Gym Equipment market. It provides information on the market's essential aspects such as top participants, factors driving Connected Gym Equipment market growth, precise estimation of the Connected Gym Equipment market size, upcoming trends, changes in consumer behavioural pattern, market's competitive landscape, key market vendors, and other market features to gain an in-depth analysis of the market. Additionally, the report is a compilation of both qualitative and quantitative assessment by industry experts, as well as industry participants across the value chain. The report also focuses on the latest developments that can enhance the performance of various market segments.
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Competitive Spectrum of the Connected Gym Equipment Market Encompasses Companies such as: eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and Nautilus Inc.
By Type
Cardiovascular training equipment
Strength training equipment
Other equipment
By End User
Residential
Gym/health clubs
Commercial users
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Key Target Stakeholders Covered in Study:
==> Connected Gym Equipment Manufacturers
==> Global Connected Gym Equipment Distributors/Traders/Wholesalers
==> Connected Gym Equipment Component / Raw Material Producers
==> Downstream Vendors
Connected Gym Equipment Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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The analysis objectives of the report are:
- To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
- To know the Connected Gym Equipment Market by pinpointing its many sub segments.
- To profile the important players and analyze their growth plans.
- To endeavour the amount and value of the Connected Gym Equipment Market sub-markets, depending on key regions (various vital states).
- To analyze the Global Connected Gym Equipment Market concerning growth trends, prospects and also their participation in the entire sector.
- To examine and study the Global Connected Gym Equipment Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions to 2025.
- Primary worldwide Global Connected Gym Equipment Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
Key points from Table of Content:
Chapter 1 Introduction
Chapter 2 Key takeaways
Chapter 3. Connected Gym Equipment Market landscape
Chapter 4. Connected Gym Equipment Market Key industry dynamics
Chapter 5.Connected Gym Equipment Market – global market analysis
Chapter 6. Connected Gym Equipment Market revenue and forecasts to 2025 – installation type
Chapter 7. Connected Gym Equipment Market revenue and forecasts to 2025 – end-user
Chapter 8. Connected Gym Equipment Market revenue and forecasts to 2025 – geographical analysis
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Connected Gym Equipment Market Is Expected to Grow at a CAGR of 31.1% over the Forecast Period Owing to Growing Advancements Patient Data Technology, Says Market Growth
According to International Health, Racquet, and Sportsclub Association (IHRSA), in 2014, the number of fitness club memberships in the U.S. increased to 54.1 million, from 51.4 million in 2011. Rise in fitness consciousness and increase in level of health awareness is expected to significantly drive the connected gym equipment market. Improved lifestyle, coupled with rise in disposable income of individuals accelerates the market growth. However, high cost of connected gym equipment majorly restricts the market. Growth in fitness industry in Asia-Pacific is expected to open new avenues for the market players.