Europe Connected Gym Equipment Market Growth Opportunities and Forecast by 2028

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

Europe 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 : TIPRE00023445

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 106

Page Updated: Jul 2021

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

The Europe connected gym equipment market is expected to grow from US$ 175.89 million in 2021 to US$ 1,009.16 million by 2028; it is estimated to grow at a CAGR of 28.3% from 2021 to 2028.

The UK, France, Germany, Italy, and Russia are major economies in Europe. Rising technological advancement in connected gym equipment is expected to escalate the market growth. It is true that people must manage their health, but they have very limited time to do physical activities and exercises considering their busy schedule. Connected gym equipment helps the user to save their time and do their work out effectively. Integration of gym equipment with smart devices has made gyming quite easier. Users can just leave for a walk and monitor the distance travelled, time travelled and number of steps on their smart watch. Few new iFit-powered NordicTrack devices are able to adjust users’ resistance and/or speed automatically, so that they do not need to fiddle with buttons or knobs during the workout session. Some latest equipment has also got heart rate monitors, so that one can glance at the screen to how hard they are working out. Popular fitness are used for keeping all stats at one place. Smart treadmills allow several types of exercises on a one machine. Such exercises include jogging, running, walking, sprinting, and even simulated hiking if one has a machine that can incline. Using high speed internet, users can connect and workout together from different parts of the region at the same time. With smart mirrors for a Yoga classes, one can see the instructor as well as his/her own reflection in the mirror, thus making it easy to check the postures. All these factors are estimated to boost the Europe market growth for the forecast period.

In case of COVID-19, Europe is highly affected specially Russia, followed by the United Kingdom and rest others. Many European countries are anticipated to suffer an economic hit because of lack of revenues from various industrial sectors. These countries have recorded the highest number of COVID-19 deaths and cases in the last year. Due to trade bans, lockdowns, travel bans, and supply chain disruptions, this region experienced an economic slowdown in 2020 which may continue in 2021. European nations constitute a major market for connected gym equipment considering the health awareness among the population and development of latest technology. European gym equipment market is going to face increased digitalization and more consolidation with respect to daily use gym products. Due to pandemic of COVID-19, everyone is working from home and so the demand for residential gym equipment is increased considerably. This will create many lucrative opportunities for the manufacturers to design gym equipment for residential use integrated with all the modern technology. However, due to sharp decline in demand for commercial gym equipment there has been a decline in the revenues of the market players operating in the European region.

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 Europe connected gym equipment market. The Europe connected gym equipment market is expected to grow at a good CAGR during the forecast period.

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Europe Connected Gym Equipment Market Segmentation

Europe Connected Gym Equipment Market – By Type

Cardiovascular Training
Strength Training

Europe Connected Gym Equipment Market – By End-Users

Residential
Gym
Other Commercial Users

Europe Connected Gym Equipment Market, by Country

Germany
France
Italy
UK
Russia
Rest of Europe

Europe Connected Gym Equipment Market -Companies Mentioned

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

Europe Connected Gym Equipment Report Scope

Report Attribute	Details
Market size in 2021	US$ 175.89 Million
Market Size by 2028	US$ 1,009.16 Million
CAGR (2021 - 2028)	28.3%
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	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Cybex International, Inc. Draper, Inc. EGYM 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 Europe 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 - Regional, Country
Industry and Competitive Landscape
Excel Dataset

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