Asia-Pacific Connected Gym Equipment Market Segments and Growth by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Asia-Pacific Connected Gym Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cardiovascular Training and Strength Training) and End-Users (Residential, Gym, and Other Commercial Users)

Report Date : Jul 2021
Report Code : TIPRE00023716

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 95

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The APAC connected gym equipment market is expected to grow from US$ 121.78 million in 2021 to US$ 814.69 million by 2028; it is estimated to grow at a CAGR of 31.2% from 2021 to 2028.

China, India, Japan, South Korea, and Australia are major economies in APAC. Mounting demand for residential connected gym equipment is expected to surge the APAC connected gym equipment market. Considering not only the pandemic of COVID-19, otherwise also, people have got different timing schedules according to their professions. General timings in gyms and health club may not be suitable for very customer. Also, the user’s timing and trainer’s timing should match for the workout session. There lies a great opportunity in designing and manufacturing affordable connected gym equipment for residential use as users are inclining towards privacy and convenience. Demand for smart fitness equipment is increasing across APAC region. Also, disposable house-hold incoming is increasing noticeably in many developing countries in APAC region. Considering buying capacity and space available at home, manufacturers have also got an opportunity for customization of smart equipment and machines. Doing this will significantly increase the demand for mid-price segment connect gym equipment. With the use of advanced technology, various new smart fitness equipment can be introduced which provides treatment for various diseases and disorder other than cardiovascular training and strength training. Doctors, physicians, and tech-experts can work together for developing such products. With research and development, companies can identify new needs and wants of the customers, which will create a significant opportunity for launching new products that will cater to several different applications, thereby driving the APAC market in coming years.

In case of COVID-19, APAC is highly affected specially India. APAC is a region which comprises of many developing nations. This region is characterized by big industrial presence, great economic opportunities, and high population. All the mentioned factors make APAC a major region for the growth of various markets including connected gym equipment. The temporary shutdown of various manufacturing units and factories in many countries of this region is impacting the supply chains and negatively impacting the production, delivery schedules and sales of various products as well services. Most of the Asian countries are developing countries and hence the presence of connected gym equipment is majorly found in commercial applications like health clubs, gyms, and hotels only. Since these all places are either temporarily closed or operating with various restriction and limitations, a severe impact is observed on the procurement and production of connected gym equipment. Since disposable income in these countries is not that high, majority of population cannot easily afford residential connected gym equipment for exercise and physical activities. Additionally, the region is a global manufacturing hub with countries like Japan, China, India, and South Korea, which all lead the global manufacturing industry growth. Since last year, a negative impact has been observed in growth of the connected gym equipment market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC connected gym equipment market. The APAC connected gym equipment market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

APAC Connected Gym Equipment Market Segmentation

APAC Connected Gym Equipment Market – By Type

Cardiovascular Training
Strength Training

APAC Connected Gym Equipment Market – By End-Users

Residential
Gym
Other Commercial Users

APAC Connected Gym Equipment Market, by Country

Australia
China
India
Japan
South Korea
Rest of APAC

APAC Connected Gym Equipment Market -Companies Mentioned

Cybex International, Inc.
Johnson Health Tech
LES MILLS INTERNATIONAL LTD
Life Fitness
Nautilus, Inc.
Technogym S.p.A

Asia-Pacific Connected Gym Equipment Report Scope

Report Attribute	Details
Market size in 2021	US$ 121.78 Million
Market Size by 2028	US$ 814.69 Million
Global CAGR (2021 - 2028)	31.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Cardiovascular Training and Strength Training By End-Users Residential Gym Other Commercial Users
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Cybex International, Inc. Johnson Health Tech LES MILLS INTERNATIONAL LTD Life Fitness Nautilus, Inc. Technogym S.p.A

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia-Pacific Connected Gym Equipment Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Asia-Pacific Connected Gym Equipment Market Report Snapshots

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