Connected Gym Equipment Industry  

Summary:

  • The global connected gym equipment market size reached US$ 964.4 Million in 2023.
  • The market is expected to reach US$ 8,996.1 Million by 2032, exhibiting a growth rate (CAGR) of 27.3% during 2024-2032.
  • Based on the equipment type, the market is categorized into cardiovascular training equipment, strength training equipment, and others.
  • On the basis of the connectivity type, the market has been divided into Bluetooth, wi-fi, ethernet, RFID/NFC, and others.
  • Based on the distribution channel, the market has been bifurcated into online and offline.
  • On the basis of the end user, the market is segregated into residential, gyms and health clubs, and commercial.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
  • The growth of the connected gym equipment market is significantly driven by the expansion of digital fitness communities and social networking features.
  • The rise of subscription-based fitness models offers users access to diverse classes and expert trainers remotely, making high-quality workouts more accessible.

Industry Trends and Drivers:

  • Technological advancements:

Recent innovations in technology have transformed traditional gym equipment into smart devices that offer enhanced functionalities. Connectivity features, such as Bluetooth and Wi-Fi, enable users to sync their equipment with mobile apps and wearables, facilitating real-time tracking of workouts, heart rates, and other fitness metrics. Equipment such as smart treadmills, stationary bikes, and strength machines can now offer interactive training programs, virtual coaching, and integration with various fitness platforms. These advancements not only enhance user engagement but also provide valuable data analytics that can help users track their progress over time. The continuous evolution of the Internet of Things (IoT) is further expanding the capabilities of connected gym equipment, making it more appealing to consumers.

  • Increasing focus on health and wellness:

There is a growing global emphasis on health and wellness, fueled by the rising incidence of lifestyle-related diseases and a heightened awareness of the importance of physical fitness. Consumers are increasingly seeking convenient and effective ways to incorporate exercise into their daily routines. Connected gym equipment aligns with this trend by offering flexibility and accessibility, allowing users to work out at home or on the go. This shift has been particularly accelerated by the COVID-19 pandemic, which forced many people to adapt to home fitness solutions. As more individuals prioritize their health, the demand for connected equipment that supports their fitness journeys continues to surge.

  • Rise of personalized fitness experiences:

Consumers are increasingly looking for tailored fitness solutions that cater to their individual preferences and goals. Connected gym equipment can offer personalized workout plans based on users’ fitness levels, interests, and objectives. Through machine learning algorithms and data analytics, these devices can adapt workouts in real-time, ensuring that users remain challenged and engaged. The ability to provide customized feedback and motivation enhances user satisfaction and loyalty, making connected gym equipment a desirable choice for fitness enthusiasts. As the demand for personalization in fitness grows, manufacturers are innovating to create more sophisticated and user-friendly connected solutions.

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Connected Gym Equipment Market Report Segmentation:

Breakup By Equipment Type:

  • Cardiovascular Training Equipment
  • Strength Training Equipment
  • Others

Based on equipment type, the market is classified into cardiovascular training equipment, strength training equipment, and others.

Breakup By Connectivity Type:

  • Bluetooth
  • Wi-Fi
  • Ethernet
  • RFID/NFC
  • Others

On the basis of connectivity type, the market is divided into Bluetooth, wi-fi, ethernet, RFID/NFC, and others.

Breakup By Distribution Channel:

  • Online
  • Offline

On the basis of the distribution channel, the market is bifurcated into online and offline.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

On a regional basis, the market is segregated into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

Top Connected Gym Equipment Market Leaders:

The connected gym equipment market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

  • Brunswick Corporation
  • Core Health & Fitness LLC
  • Draper Inc.
  • EGYM
  • Johnson Health Tech Co. Ltd.
  • Les Mills International Ltd.
  • Nautilus Inc.
  • Paradigm Health & Wellness
  • Precor Incorporated (Peloton Interactive Inc.)
  • Technogym S.p.A and TRUE Fitness Technology Inc.

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