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)

Publication Month: Jul 2021 | Report Code: TIPRE00023716 | No. of Pages: 95 | Category: Electronics and Semiconductor | Status: Published

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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.
APAC connected gym equipment market

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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 

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        APAC Connected Gym Equipment Market – By Type

1.3.2        APAC Connected Gym Equipment Market – By End-Users

1.3.3        APAC Connected Gym Equipment Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Connected Gym Equipment Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           APAC Connected Gym Equipment Market – Key Industry Dynamics

5.1         Key Market Drivers

5.1.1        Surging Health Concerns

5.1.2        Escalating Technological Advancement in Connected Gym Equipment

5.2         Key Market Restraints:

5.2.1        Expensive Connected Gym Equipment

5.3         Key Market Opportunities:

5.3.1        Mounting Demand for Residential Connected Gym Equipment

5.4         Key Market Trends:

5.4.1        Upgradation in Smart Fitness Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Connected Gym Equipment Market – APAC Analysis

6.1         APAC Connected Gym Equipment Market Overview

6.2         APAC Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

7.           APAC Connected Gym Equipment Market Analysis – By Type

7.1         Overview

7.2         APAC Connected Gym Equipment Market Breakdown, By Type (2020 and 2028)

7.3         Cardiovascular Training

7.3.1        Overview

7.3.2        Cardiovascular Training: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

7.4         Strength Training

7.4.1        Overview

7.4.2        Strength Training: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

8.           APAC Connected Gym Equipment Market Analysis – By End-Users

8.1         Overview

8.2         APAC Connected Gym Equipment Market, By End-Users (2020 and 2028)

8.3         Residential

8.3.1        Overview

8.3.2        Residential: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

8.4         Gym

8.4.1        Overview

8.4.2        Gym: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

8.5         Other Commercial Users

8.5.1        Overview

8.5.2        Other Commercial Users: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

9.           APAC Connected Gym Equipment Market – Country Analysis

9.1         Overview

9.1.1        APAC: Connected Gym Equipment Market, by Key Country

9.1.1.1          Australia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Australia: Connected Gym Equipment Market, by Type

9.1.1.1.2          Australia: Connected Gym Equipment Market, by End-Users

9.1.1.2          China: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          China: Connected Gym Equipment Market, by Type

9.1.1.2.2          China: Connected Gym Equipment Market, by End-Users

9.1.1.3          India: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          India: Connected Gym Equipment Market, by Type

9.1.1.3.2          India: Connected Gym Equipment Market, by End-Users

9.1.1.4          Japan: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Japan: Connected Gym Equipment Market, by Type

9.1.1.4.2          Japan: Connected Gym Equipment Market, by End-Users

9.1.1.5          South Korea: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          South Korea: Connected Gym Equipment Market, by Type

9.1.1.5.2          South Korea: Connected Gym Equipment Market, by End-Users

9.1.1.6          Rest of APAC: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of APAC: Connected Gym Equipment Market, by Type

9.1.1.6.2          Rest of APAC: Connected Gym Equipment Market, by End-Users

10.        APAC Connected Gym Equipment Market- COVID-19 Impact Analysis

10.1      APAC

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      Life Fitness

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      LES MILLS INTERNATIONAL LTD

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Technogym S.p.A

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Cybex International, Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Johnson Health Tech

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Nautilus, Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             APAC Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             APAC Connected Gym Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 5.             China: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 7.             India: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             India: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Japan: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          South Korea: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of APAC: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of APAC: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Connected Gym Equipment Market Segmentation

Figure 2.           APAC Connected Gym Equipment Market Segmentation – By Country

Figure 3.           APAC Connected Gym Equipment Market Overview

Figure 4.           Cardiovascular Training Segment held the Largest Share of APAC Connected Gym Equipment Market

Figure 5.           Gym segment held the Largest Share of APAC Connected Gym Equipment Market

Figure 6.           China to Show Great Traction During Forecast Period

Figure 7.           APAC- PEST Analysis

Figure 8.           APAC Connected Gym Equipment Market Ecosystem

Figure 9.           Expert Opinions

Figure 10.        APAC Connected Gym Equipment Market Impact Analysis of Drivers and Restraints

Figure 11.        APAC Connected Gym Equipment Market - Revenue and Forecast to 2028 (US$ Million)

Figure 12.        APAC Connected Gym Equipment Market Breakdown, By Type (2020 and 2028)

Figure 13.        APAC Cardiovascular Training: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC Strength Training: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Connected Gym Equipment Market Breakdown, By End-Users (2020 and 2028)

Figure 16.        APAC Residential: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

Figure 17.        APAC Gym: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

Figure 18.        APAC Other Commercial Users: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC: Connected Gym Equipment Market, by Key Country – Revenue (2020) (USD Million)

Figure 20.        APAC: Connected Gym Equipment Market Revenue Share, by Key Country (2020 and 2028)

Figure 21.        Australia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        China: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        India: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Japan: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        South Korea: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Rest of APAC: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in APAC Country Markets

  1. Cybex International, Inc.
  2. Johnson Health Tech
  3. LES MILLS INTERNATIONAL LTD
  4. Life Fitness
  5. Nautilus, Inc.
  6. Technogym S.p.A
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC connected gym equipment market.    
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in APAC connected gym equipment market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the connected gym equipment market, as well as those hindering it   
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution     
TIPRE00023716
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