The report on the Connected Gym Equipment market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the most important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely upon before investing. It furnishes with an affordable examination of the marketplace for better decision-making and assessment to place resources into it. The report analyses the weather and an entire detailed outlook of the most players that are likely to feature to the demand within the global Connected Gym Equipment market within the upcoming years.
The market study additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the manufacturers and firms to contribute to Connected Gym Equipment market growth. A number of the foremost conspicuous measures taken by the organizations are partnerships, mergers & acquisitions, and collaborations to increase their overall reach. The key players are likewise presenting newer product varieties within the market to enhance the merchandise portfolio by embracing the new innovation and completing it in their enterprise.
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The global connected gym equipment market size is projected to reach USD 5.96 billion by 2025, according to Million Insights, registering a CAGR of 31.2 % over the forecast period, 2019 to 2025. Rising health consciousness along with increasing digitalization in gym equipment is anticipated to drive the market growth. Smart gym equipment offers well clarity on the performance by analyzing, tracking, and monitoring workout sessions. Connected gym equipment factor is gaining popularity among athletes and fitness enthusiast is anticipated to have a positive impact on market growth.
The gym equipment are connected to smart devices via internet and allow them to analyze, store and collect data from any location. These equipment are gaining traction among fitness enthusiast due to the high penetration of smart devices with high-speed internet accessibility. The development of several fitness apps for smart devices is also expected to boost market growth over the forecast period.
Among products, in 2018, cardiovascular equipment held the largest market share and accounted for over half of the total market share in terms of revenue. Increasing trend to use several cardiovascular devices including elliptical, rowing machines, arm bikes, upright bikes, and treadmill to lose weight, maintain blood pressure, heart health is anticipated to drive the segment growth. In addition, increasing concern about cardiovascular diseases among adults due to hectic lifestyle and fluctuation in climate is anticipated to promote investing in various gym equipment.
In the application segment of the market, the commercial sector held the largest market share of more than 80.0%, in 2018. This segment included hotels, hospitals, and health clubs. The number of fitness club s is increasing across the world, thereby expected to fuel the market growth in the next few years.
Asia Pacific is projected to grow with the fastest CAGR of more than 33.0% during the forecast period. Increasing the importance of health along with rising purchasing power of individuals is expected to boost the regional market growth, especially in India, China, Australia, and Japan. The increasing number of small as well as large fitness centers is projected to drive the demand for connected gym equipment. Organizations like offices, schools, and hotels are installing a fitness center, thereby expected to spur market growth.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Connected Gym Equipment: Market Variables, Trends & Scope
Chapter 4 Connected Gym Equipment: Product Estimates & Trend Analysis
Chapter 5 Connected Gym Equipment: Application Estimates & Trend Analysis
Chapter 6 Connected Gym Equipment: End-use Estimates & Trend Analysis
Chapter 7 Connected Gym Equipment: Industrial End-use Estimates & Trend Analysis
Chapter 8 Connected Gym Equipment: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Connected Gym Equipment: Manufacturers Company Profiles
Top Key Players of Connected Gym Equipment Market:
Precor Incorporated; Star Trac UK Ltd.; Equinox Fitness; Cybex International; Les Mills International; Life Fitness; Paradigm Health & Wellness; and Draper, Inc.
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