NEW YORK, Dec. 8, 2022 /PRNewswire/ — The global connected gym equipment market has been categorized as a part of the global leisure products market. The parent market, the global leisure products market, covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. The growth of this market will be driven by factors such as growing memberships in health and fitness clubs and an increase in awareness about the benefits of a healthy lifestyle.
The connected gym equipment market size is forecasted to grow by USD 16,348.77 million between 2022 and 2027. The market is estimated to grow at a CAGR of 28.15% during the forecast period, according to Technavio. Download a sample
Connected gym equipment market 2023-2027: Scope
The connected gym equipment market report covers the following areas:
Connected gym equipment market 2023-2027: Vendor landscape
The global connected gym equipment market is highly competitive due to the presence of major vendors as well as small players. Vendors are competing to gain market shares based on product differentiation, pricing, product portfolios, and value-added services. Therefore, to survive and succeed in a stiff competitive environment, it becomes imperative for vendors in the market to differentiate their product and service offerings through a clear and unique value proposition. Major players are also focusing on marketing strategies. Promotional activities by suppliers and manufacturers help in boosting sales. Hence, vendors in the market are partnering with various distributors in developing countries.
Blue Goji Corp., Clmbr, Cosco India Ltd., Draper Inc, EGYM Inc., FightCamp, Hydrow, iFIT Health and Fitness, Johnson Health Tech Co. Ltd., Les Mills International Ltd., Life fitness, MYXfitness LLC, Nautilus Inc., Precor Inc., SoulCycle, TECHNOGYM SpA, Tonal Systems Inc., True Fitness Technology Inc., Paradigm Health and Wellness Inc., and Body Solid Inc. are among some of the major market participants.
Connected gym equipment market 2023-2027: Competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Buy the report
Connected gym equipment market 2023-2027: Segmentation
The residential segment will contribute a significant share to the market’s growth during the forecast period. The demand for connected gym equipment in the residential segment is increasing due to the busy schedules of consumers. The primary users of connected gym equipment are affluent consumers.
North America is estimated to account for 35% of the market’s growth during the forecast period. The US is the key market for the connected gym equipment market in North America. The growing adoption of smartphones and rising internet penetration are driving the demand for connected gym equipment. Hence, the rise in the demand for such equipment will drive the market’s growth during the forecast period.
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What are the key data covered in this connected gym equipment market report?
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CAGR of the market during the forecast period
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Detailed information on factors that will drive the growth of the connected gym equipment market between 2023 and 2027
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Precise estimation of the size of the connected gym equipment market and its contribution to the parent market
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Accurate predictions about upcoming trends and changes in consumer behavior
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Growth of the connected gym equipment market across APAC, North America, Europe, Middle East and Africa, and South America
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Thorough analysis of the market’s competitive landscape and detailed information about vendors
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Comprehensive analysis of factors that will challenge the growth of connected gym equipment market vendors
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Connected Gym Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
155 |
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Base year |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 28.15% |
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Market growth 2023-2027 |
USD 16,348.77 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023 (%) |
27.56 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, China, Japan, UK, and France |
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Competitive landscape |
Leading companies, market positioning of vendors, competitive strategies, and industry risks |
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Companies profiled |
Blue Goji Corp., Clmbr, Cosco India Ltd., Draper Inc, EGYM Inc., FightCamp, Hydrow, iFIT Health and Fitness, Johnson Health Tech Co. Ltd., Les Mills International Ltd., Life fitness, MYXfitness LLC, Nautilus Inc., Precor Inc., SoulCycle, TECHNOGYM SpA, Tonal Systems Inc., True Fitness Technology Inc., Paradigm Health and Wellness Inc., and Body Solid Inc. |
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Market dynamics |
Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Email: [email protected]
Website: www.technavio.com/
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