The connected gym equipment market was valued at US$ 510.55 million in 2020 and is projected to reach US$ 3,472.69 million by 2028; it is expected to grow at a CAGR of 28.1% from 2021 to 2028.
Rise in fitness and health awareness is boosting the demand for connected gym equipment. The connected gym equipment is gaining popularity as it collects and stores data on the server, which is accessible from anywhere. Fitness clubs are adopting the latest technology for attracting new customers, which is boosting the demand for connected gym equipment. However, small health clubs are unable to upgrade their system due to its high cost, which is the key hindering factor for the growth of the connected gym equipment market.
Impact of COVID-19 Pandemic on Connected Gym Equipment Market
According to the latest reports, the US, India, Brazil, France, Turkey, Russia, the UK, Italy, Spain, and Germany are among the worst affected countries by the COVID-19 pandemic. The COVID-19 pandemic has affected the industrial sector worldwide. The global economy took the worst hit in 2020, and this may even continue in 2021. This situation has created noticeable disturbances in the business of gyms, health and fitness clubs, swimming pools, and hotels. A serious decline in the growth rate of mentioned businesses is affecting the growth of the global connected gym equipment market as they use these products to a larger extent.
Since gyms are categorized under non-essential services, governments have put serious restrictions on them, and they are facing serious issues from almost a year now. Use of connected gym equipment for cardiovascular training and strength training has experienced a sharp decline. Travel bans, factory shutdowns, border lockdowns, and import-export restrictions to combat the outbreak of COVID-19 have impacted the supply, production, and sales of various raw materials that are needed for the manufacturing of gym equipment. However, as people cannot go to gyms, some of them are preferring to buy residential connected gym equipment for continuing their workout routine.
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Connected Gym Equipment Market Insights
Rising Demand for Residential Connected Gym Equipment
People have different schedules according to their professions. General timings in gyms and health clubs may not be suitable for every 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 toward privacy and convenience. Demand for smart fitness equipment is increasing in developed as well as developing countries. These majorly include countries from North America, Europe, and Asia-Pacific. Also, disposable household income is increasing noticeably in many developing countries.
Considering buying capacity and space available at home, manufacturers have also got an opportunity for customization of smart equipment and machines, which will significantly increase the demand for mid-price segment connect gym equipment.
Type-Based Market Insights
Based on type, the connected gym equipment market is segmented into cardiovascular training, strength training, and others. The cardiovascular training segment dominated the market. The cardio gym equipment contains various programs, features, and settings that are often not utilized effectively. Connected machines help the users to achieve the advantages of various cardio training programs that can be customized as per an individual’s need.
End User Based Market Insights
Based on end user, the connected gym equipment market is segmented into residential, gym, and other commercial user. The gym segment continues to hold a significant share in the market, owing to increasing health awareness and growing digitalization in gym equipment. Moreover, there are some exercises that can happen better at gym instead of home.
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Connected Gym Equipment Market: Strategic Insights
Market Size Value in US$ 510.55 million in 2020 Market Size Value by US$ 3,472.69 million by 2028 Growth rate CAGR of 28.1% from 2021 to 2028. Forecast Period 2021 to 2028. Base Year 2021
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Connected Gym Equipment Market: Strategic Insights
| Market Size Value in | US$ 510.55 million in 2020 |
| Market Size Value by | US$ 3,472.69 million by 2028 |
| Growth rate | CAGR of 28.1% from 2021 to 2028. |
| Forecast Period | 2021 to 2028. |
| Base Year | 2021 |
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The players operating in the connected gym equipment market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In 2021, Peloton announced that it has officially closed the acquisition of Precor, one of the largest global commercial fitness equipment providers with a significant US manufacturing presence. With this acquisition, Peloton establishes its US manufacturing capacity and anticipates boosting research and development capabilities with Precor's highly-skilled team and accelerating Peloton's penetration of the commercial market.
In 2020, Matrix Fitness, one of the world’s fastest-growing commercial fitness brands, changed the way the fitness industry thinks about slat-belt treadmills by introducing their thoughtfully designed Performance Plus Treadmill. The reimagined treadmill provides an exceptional running experience through unmatched performance for facilities that want to differentiate their offering with a product that outlasts traditional designs. Fitness facility owners and managers will be able to get their first look at the Performance Plus Treadmill at the 2020 IHRSA and FIBO industry trade shows.
By Type
- Cardiovascular Training
- Strength Training
- Others
By End User
- Residential
- Gym
- Other Commercial User
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- EGYM
- Life Fitness
- LES MILLS INTERNATIONAL LTD
- Technogym S.p.A
- Precor Incorporated
- Cybex International, Inc.
- Johnson Health Tech
- Draper, Inc.
- Nautilus, Inc.
- TRUE Fitness Technology, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Earlier, people didn’t have to take out dedicated time for exercise. Their daily routine was enough to burn those extra calories. Barring few jobs like product delivery, nursing, surgery, and some farming activities, almost all jobs in today’s time are moving towards sedentary work style. This is happening because automation is taking place in almost every walk of life. These all has given rise to insufficient physical activity among individuals. Insufficient physical activity in daily life is considered as one of the major risk factors for death all over the world. Inadequate physical activity is a crucial risk factor involved with non-communicable diseases (NCDs) like cancer, diabetes, and cardiovascular diseases. It also invites unwanted obesity in many people at very young age.
Physical conditioning that exercises the lungs, heart, and blood vessels is involved in Cardiovascular Training. Users utilize a broad range of connected cardiovascular equipment, such as elliptical, treadmills, upright bikes, arm bikes, alternative motion machines and rowing machines. They utilize this equipment for improving health of their heart, lowering blood pressure, and losing body weight. Expenditure on various types of gym equipment is expected to rise considering increasing concerns about cardiovascular disorders in youngsters all over the world because of fluctuating climate conditions and busy work life.
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 developed as well as developing countries. These majorly includes countries from North America, Europe, and Asia-Pacific region. Also, disposable house-hold incoming is increasing noticeably in many developing countries.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Connected Gym Equipment Market – By Type
1.3.2 Global Connected Gym Equipment Market – By End-User
1.3.3 Global Connected Gym Equipment Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Connected Gym Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Connected Gym Equipment Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing Health Concerns
5.1.2 Technological advancement in connected gym equipment
5.2 Key Market Restraints:
5.2.1 High Cost of connected gym equipment:
5.3 Key Market Opportunities:
5.3.1 Rising demand for residential connected gym equipment:
5.4 Key Market Trends:
5.4.1 Transforming Smart Fitness Technology
5.5 Impact Analysis of Drivers and Restraints
6. Connected Gym Equipment Market – Global Market Analysis
6.1 Connected Gym Equipment Market Overview
6.2 Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Connected Gym Equipment Market Analysis – By Type
7.1 Overview
7.2 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. Connected Gym Equipment Market Analysis – By End-user
8.1 Overview
8.2 Connected Gym Equipment Market, By End-user (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. Connected Gym Equipment Market – Geographic Analysis
9.1 Overview
9.2 North America: Connected Gym Equipment Market
9.2.1 North America: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Connected Gym Equipment Market, by Type
9.2.3 North America: Connected Gym Equipment Market, by End-Users
9.2.4 North America: Connected Gym Equipment Market, by Key Country
9.2.4.1 US: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Connected Gym Equipment Market, by Type
9.2.4.1.2 US: Connected Gym Equipment Market, by End-Users
9.2.4.2 Canada: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Connected Gym Equipment Market, by Type
9.2.4.2.2 Canada: Connected Gym Equipment Market, by End-Users
9.2.4.3 Mexico: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Connected Gym Equipment Market, by Type
9.2.4.3.2 Mexico: Connected Gym Equipment Market, by End-Users
9.3 Europe: Connected Gym Equipment Market
9.3.1 Europe: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Connected Gym Equipment Market, by Type
9.3.3 Europe: Connected Gym Equipment Market, by End-Users
9.3.4 Europe: Connected Gym Equipment Market, by Key Country
9.3.4.1 Germany: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Connected Gym Equipment Market, by Type
9.3.4.1.2 Germany: Connected Gym Equipment Market, by End-Users
9.3.4.2 France: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Connected Gym Equipment Market, by Type
9.3.4.2.2 France: Connected Gym Equipment Market, by End-Users
9.3.4.3 Italy: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Connected Gym Equipment Market, by Type
9.3.4.3.2 Italy: Connected Gym Equipment Market, by End-Users
9.3.4.4 UK: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Connected Gym Equipment Market, by Type
9.3.4.4.2 UK: Connected Gym Equipment Market, by End-Users
9.3.4.5 Russia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Connected Gym Equipment Market, by Type
9.3.4.5.2 Russia: Connected Gym Equipment Market, by End-Users
9.3.4.6 Rest of Europe: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Connected Gym Equipment Market, by Type
9.3.4.6.2 Rest of Europe: Connected Gym Equipment Market, by End-Users
9.4 Asia Pacific: Connected Gym Equipment Market
9.4.1 Asia Pacific: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Connected Gym Equipment Market, by Type
9.4.3 Asia Pacific: Connected Gym Equipment Market, by End-Users
9.4.4 Asia Pacific: Connected Gym Equipment Market, by Key Country
9.4.4.1 Australia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Connected Gym Equipment Market, by Type
9.4.4.1.2 Australia: Connected Gym Equipment Market, by End-Users
9.4.4.2 China: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Connected Gym Equipment Market, by Type
9.4.4.2.2 China: Connected Gym Equipment Market, by End-Users
9.4.4.3 India: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Connected Gym Equipment Market, by Type
9.4.4.3.2 India: Connected Gym Equipment Market, by End-Users
9.4.4.4 Japan: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Connected Gym Equipment Market, by Type
9.4.4.4.2 Japan: Connected Gym Equipment Market, by End-Users
9.4.4.5 South Korea: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Connected Gym Equipment Market, by Type
9.4.4.5.2 South Korea: Connected Gym Equipment Market, by End-Users
9.4.4.6 Rest of Asia Pacific: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Connected Gym Equipment Market, by Type
9.4.4.6.2 Rest of Asia Pacific: Connected Gym Equipment Market, by End-Users
9.5 Middle East & Africa (MEA): Connected Gym Equipment Market
9.5.1 MEA: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Connected Gym Equipment Market, by Type
9.5.3 MEA: Connected Gym Equipment Market, by End-Users
9.5.4 MEA: Connected Gym Equipment Market, by Key Country
9.5.4.1 South Africa: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Connected Gym Equipment Market, by Type
9.5.4.1.2 South Africa: Connected Gym Equipment Market, by End-Users
9.5.4.2 Saudi Arabia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Connected Gym Equipment Market, by Type
9.5.4.2.2 Saudi Arabia: Connected Gym Equipment Market, by End-Users
9.5.4.3 UAE: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Connected Gym Equipment Market, by Type
9.5.4.3.2 UAE: Connected Gym Equipment Market, by End-Users
9.5.4.4 Rest of MEA: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Connected Gym Equipment Market, by Type
9.5.4.4.2 Rest of MEA: Connected Gym Equipment Market, by End-Users
9.6 South America: Connected Gym Equipment Market
9.6.1 South America: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 South America: Connected Gym Equipment Market, by Type
9.6.3 South America: Connected Gym Equipment Market, by End-Users
9.6.4 South America: Connected Gym Equipment Market, by Key Country
9.6.4.1 Brazil: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Connected Gym Equipment Market, by Type
9.6.4.1.2 Brazil: Connected Gym Equipment Market, by End-Users
9.6.4.2 Argentina: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Connected Gym Equipment Market, by Type
9.6.4.2.2 Argentina: Connected Gym Equipment Market, by End-Users
9.6.4.3 Rest of SAM: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Connected Gym Equipment Market, by Type
9.6.4.3.2 Rest of SAM: Connected Gym Equipment Market, by End-Users
10. Connected Gym Equipment Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 APAC
10.5 MEA
10.6 SAM
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 EGYM
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 Life Fitness
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 LES MILLS INTERNATIONAL LTD
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 Technogym S.p.A
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 Precor Incorporated
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 Cybex International, 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
12.7 Johnson Health Tech
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Draper, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Nautilus, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 TRUE Fitness Technology, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Connected Gym Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Connected Gym Equipment Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Connected Gym Equipment Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Connected Gym Equipment Market, by End-Users –Revenue and Forecast to 2028 (Canada$ Million)
Table 9. Mexico: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Connected Gym Equipment Market, by End-Users –Revenue and Forecast to 2028 (Mexico$ Million)
Table 11. Europe: Connected Gym Equipment Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Connected Gym Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 16. France: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific: Connected Gym Equipment Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 28. Asia Pacific Connected Gym Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Australia: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 31. China: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. China: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 33. India: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. India: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Japan: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. South Korea: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. Rest of Asia Pacific: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 41. MEA Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 42. MEA: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 43. MEA Connected Gym Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. South Africa: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 46. Saudi Arabia: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Saudi Arabia: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 48. UAE: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. UAE: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of MEA: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Rest of MEA: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 52. South America: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. South America: Connected Gym Equipment Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 54. South America Connected Gym Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 55. Brazil: Connected Gym Equipment Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 56. Brazil: Connected Gym Equipment Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)
Table 57. Argentina: Connected Gym Equipment Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 58. Argentina: Connected Gym Equipment Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)
Table 59. Rest of SAM: Connected Gym Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. Rest of SAM: Connected Gym Equipment Market, by End-Users –Revenue and Forecast to 2028 (Rest of SAM$ Million)
Table 61. List of Abbreviation
LIST OF FIGURES
Figure 1. Connected Gym Equipment Market Segmentation
Figure 2. Connected Gym Equipment Market Segmentation – By Geography
Figure 3. Global Connected Gym Equipment Market Overview
Figure 4. Cardiovascular Training Segment held the Largest Share of Connected Gym Equipment Market
Figure 5. Gym segment held the Largest Share of Connected Gym Equipment Market
Figure 6. North America to Show Great Traction During Forecast Period
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia-Pacific- PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. South America- PEST Analysis
Figure 12. Connected Gym Equipment Market Ecosystem
Figure 13. Expert Opinions
Figure 14. Connected Gym Equipment Market Impact Analysis of Drivers and Restraints
Figure 15. Connected Gym Equipment Market – Geographic Analysis
Figure 16. Connected Gym Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Connected Gym Equipment Market Breakdown, By Type (2020 and 2028)
Figure 18. Cardiovascular Training: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Strength Training: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Connected Gym Equipment Market Breakdown, By End-user (2020 and 2028)
Figure 21. Residential: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Gym: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Other Commercial Users: Connected Gym Equipment Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Global Connected Gym Equipment Market Revenue Share, by Region (2020 and 2028)
Figure 25. North America: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Connected Gym Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 27. North America: Connected Gym Equipment Market Revenue Share, by End-Users (2020 and 2028)
Figure 28. North America: Connected Gym Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. US: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. 0Europe: Connected Gym Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 34. Europe: Connected Gym Equipment Market Revenue Share, by End-Users (2020 and 2028)
Figure 35. Europe: Connected Gym Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. Germany: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. France: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Italy: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia Pacific: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia Pacific: Connected Gym Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 44. Asia Pacific: Connected Gym Equipment Market Revenue Share, by End-Users (2020 and 2028)
Figure 45. Asia Pacific: Connected Gym Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 46. Australia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. China: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. India: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Japan: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. South Korea: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Asia Pacific: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. MEA: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. MEA: Connected Gym Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 54. MEA: Connected Gym Equipment Market Revenue Share, by End-Users (2020 and 2028)
Figure 55. MEA: Connected Gym Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 56. South Africa: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. UAE: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of MEA: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South America: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. South America: Connected Gym Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 62. South America: Connected Gym Equipment Market Revenue Share, by End-Users (2020 and 2028)
Figure 63. South America: Connected Gym Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. Brazil: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Argentina: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of SAM: Connected Gym Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in MEA Markets
Figure 71. Impact of COVID-19 Pandemic in SAM Markets
The List of Companies - Connected Gym Equipment Market
- EGYM
- Life Fitness
- LES MILLS INTERNATIONAL LTD
- Technogym S.p.A
- Precor Incorporated
- Cybex International, Inc.
- Johnson Health Tech
- Draper, Inc.
- Nautilus, Inc.
- TRUE Fitness Technology, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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