Search Weight Loss Topics:

Home » Exercise Programs » Connected Gym Equipment Market Size Forecast to Reach $568.3 Million by 2025 – Reported Times

Sep 4, 2020 5:00 PM ET

iCrowd Newswire Sep 4, 2020

The GlobalMarket for Connected Gym Equipmentis forecast to reach $568.3 million by 2025, growing at a CAGR of 14.8% from 2020 to 2025. The market growth is attributed to the factors such as growing concerns for health and fitness, higher purchasing power, and others. Moreover increasing number of fitness clubs or gyms is also propelling the market growth.

By Equipment Type- Segment Analysis

Cardiovascular Training Equipment segment held the highest market share of connected gym equipment in 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025. Cardiovascular Training Equipment includes elliptical trainers, rowing machines, stair steppers, stationary cycles, treadmills and other.

A rise in demand for treadmills at both exercise centres and homes is projected to fuel market growth owing to its benefits such as weight control, core power and increased joint stability. Additionally, the treadmills often provide the patients with blood pressure and heart rate control apps. Furthermore, elliptical machines is witnessing a strong demand in the connected gym equipment market as it lets end users improve strength and stamina and encourages them to reach a different muscle group. The versatility that elliptical machines provide to conduct continuous aerobic workout and high-intensity fitness fuel the market growth.

Request for Sample of the Report @https://www.industryarc.com/pdfdownload.php?id=18502

Report Price: $ 4500 (Single User License)

By End User Type- Segment Analysis

Connected gym equipment market is segmented into Residential, Health Clubs/Gyms, and Commercial Users, others on the basis of end user type. Health Club/Gym segment is anticipated to witness the significant market growth during the forecast period 2020-2025. This segment makes it easier for clients to access a wide range of gym equipment, providing a complete full-body workout. Many health clubs have personal trainers that can teach individuals according to their desires, while also allowing them to fully use the different facilities provided by a system. Health clubs tend to leverage the cloud more and more every day by linking to a variety of apps, promoting community interactivity, and collecting valuable data. With the help of digital technologies these data are collected that are essential for asset management, quality of exercise equipment, and others. As the cloud importance resides in its capacity to capture, organize and, most critically, utilize data to produce actual outcomes, product manufacturers including big players including Precor, Technogym, and Life Fitness have been and will continue to be driven on by innovation.

Geography Segment Analysis

North America region held the highest market share in 2019 and is anticipated to witness significant market growth during the forecast period 2020-2025 by offering growth opportunities to market vendors. The degree of knowledge regarding various products accessible, willingness to spend on advanced connected equipment, retailer penetration, and product pricing significantly drive the growth of connected gym equipment market in this region. The US, Canada are the main markets in this region for connected gym equipment. In April 2019, connected fitness company Tonal has raised $45 million in Series C funding, bringing the companys total funding to $90 million. Tonal offers a special connected exercise machine with AI-powered fitness software, all focused on the goal of strength training. In December 2018, Precor entered into a partnership with Blink Fitness to enhance gym experience through high-tech advancements. Known for its insightful and creative product strategy, which allows conventional workout equipment a luxury experience, Precor offers a highly personal and validated workout knowledge through experience design. In July 2018, Garmin entered into a partnership with Golds Gym, with exercise data from the companys smart watches set to be displayed in real-time through the AMP training app. Such partnerships and investments boosts the market growth.

Drivers Connected gym equipment market

Growing concerns regarding health and physical fitness

Insufficient physical activity is one of the leading risk factors for death worldwide. Insufficient physical activity is a key risk factor for non-communicable diseases (NCDs) such as cardiovascular diseases, cancer and diabetes. Physical activity has significant health benefits and contributes to prevent NCDs thereby propelling the market growth.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=18502

Challenges Connected gym equipment market

High cost of smart equipment

With the technological advancements, equipment are also upgraded. Consequently, high cost of smart equipment hampers the market growth in region with low per capita income. Cost factor, thereby, matters for the market growth in developing countries with people having low purchasing power.

Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the connected gym equipment market. As of 2019, the market for connected gym equipment market is consolidated with the top players including Life Fitness, eGym GmbH, Les Mills International, Technogym, Precor Incorporated, Star Trac UK Ltd., Cybex International, Paradigm Health & Wellness, Johnson Health Tech, Draper, Inc. and among others.

Acquisitions/Technology Launches/Partnerships

In January 2020, Apple entered into a partnership with Gym. The partnerships aim to knit the gym experience and the Apple Watch experience more closely together by connecting the Watchs activity data to gym reward programs.

In June 2020, Exercise apparel company lululemon athletica acquired Mirror, an in-home fitness-content-streaming platform, for $500 million. Mirror can strengthen its position and accelerate its growth through leveraging the great relationships that lululemon has to reach new audiences through its brands, ambassadors and communities, as well as the tools of the organization, including its distribution network and e-commerce channels.

Key Takeaways

The size constraint mainly for bulk workout devices, such as massage chair, stationary cycle, aerobic simulator and cross that cannot be accommodated in homes leverages a positive impact on the increment of start-up gyms, wellness centres and community clubs around the world.

North America region held the highest market share in 2019 and is anticipated to witness significant market growth during the forecast period 2020-2025. The market growth is owing to the people having high purchasing power, presence of developed countries as well as market players in this region.

Related Reports :

A. Wearable Fitness Technology Market

https://www.industryarc.com/Report/15471/wearable-fitness-technology-market.html

B. Smart Fitness Market

https://www.industryarc.com/Research/Smart-Fitness-Market-Research-508009

About IndustryARC:IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to[emailprotected]to discuss more about our consulting services.

Also Read:

Venkat ReddySales DirectorEmail: [emailprotected]Website: https://www.industryarc.comPhone: (+1) 970-236-3677

Keywords:Connected Gym Equipment Market, Connected Gym Equipment Market size, Connected Gym Equipment industry, Connected Gym Equipment Market share, Connected Gym Equipment top 10 companies, Connected Gym Equipment Market report, Connected Gym Equipment industry outlook

See the original post:
Connected Gym Equipment Market Size Forecast to Reach $568.3 Million by 2025 - Reported Times

Your Full Name
Your Email
Your Phone Number
Select your age (30+ only)	30313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120
Select Your US State	Select Your StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington,DCWest VirginiaWisconsinWyoming
Program Choice	Select Your ProgramInjectable HGHInjectable TestoteroneInjectable SermorelinInjectable Weight LossInjectable HCG DietInjectable Vitamins
Confirm over 30 years old	Yes
Confirm that you resident in USA	Yes
This is a Serious Inquiry	Yes
Message:

Home » Exercise Programs » Connected Gym Equipment Market Size Forecast to Reach $568.3 Million by 2025 – Reported Times