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Connected Gym Equipment Market Report by Equipment Type (Cardiovascular Training Equipment, Strength Training Equipment, and Others), Connectivity Type (Bluetooth, Wi-Fi, Ethernet, RFID/NFC, and Others), Distribution Channel (Online, Offline), End User (Residential, Gyms and Health Clubs, Commercial), and Region 2024-2032
Market Report I 2024-09-10 I 137 Pages I IMARC Group
The global connected gym equipment market size reached US$ 964.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 8,996.1 Million by 2032, exhibiting a growth rate (CAGR) of 27.3% during 2024-2032.
Connected gym equipment refers to the machines and devices connected to the internet and centralized servers to collect user information. The users can connect the equipment to their smartphone applications or wearable devices for continuous monitoring and tracking of their performance. They also used for personalized workout schedules to maximize their efficiency and improve the form of the user. Some of the commonly used connected gym equipment includes treadmills, elliptical, stationary bike and rowing machines for cardiovascular training, along with squat racks, barbells, bench presses and dumbbells for strength training. These equipment aid in performing diverse workouts for major muscle groups, synchronizing workouts with other users and storing the database on a cloud server. As a result, connected gym equipment are widely used across health and fitness clubs, gyms, studios, hotels and hospitals.
Connected Gym Equipment Market Trends:
Rapid digitization of the health and fitness industry across the globe is one of the key factors driving the growth of the market. Moreover, the rising health consciousness among the masses, along with the increasing number of gyms, fitness clubs and home fitness centers, is also providing a thrust to the market growth. Sports enthusiasts and athletes are widely using smart wearable devices and connected machines to store, monitor and analyze health information for enhancing their fitness levels. Additionally, the integration of software-based coaching solutions in sports equipment is acting as another growth-inducing factor. The connected machines can track and monitor the amount of weight lifted, number of sets and reps, range of motion and number of calories burned. Other factors, including the increasing expenditure capacities of the consumers, along with rising concerns regarding cardiovascular ailments among the masses, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global connected gym equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on equipment type, connectivity type, distribution channel and end user.
Breakup by Equipment Type:
- Cardiovascular Training Equipment
- Strength Training Equipment
- Others
Breakup by Connectivity Type:
- Bluetooth
- Wi-Fi
- Ethernet
- RFID/NFC
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End User:
- Residential
- Gyms and Health Clubs
- Commercial
Breakup by Region:
- North America
o United States
o Canada
- Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
- Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
- Latin America
o Brazil
o Mexico
o Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
1. What was the size of the global connected gym equipment market in 2023?
2. What is the expected growth rate of the global connected gym equipment market during 2024-2032?
3. What are the key factors driving the global connected gym equipment market?
4. What has been the impact of COVID-19 on the global connected gym equipment market?
5. What is the breakup of the global connected gym equipment market based on the equipment type?
6. What is the breakup of the global connected gym equipment market based on the connectivity type?
7. What is the breakup of the global connected gym equipment market based on distribution channel?
8. What is the breakup of the global connected gym equipment market based on the end user?
9. What are the key regions in the global connected gym equipment market?
10. Who are the key players/companies in the global connected gym equipment market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Connected Gym Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Equipment Type
6.1 Cardiovascular Training Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Strength Training Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Connectivity Type
7.1 Bluetooth
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wi-Fi
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Ethernet
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 RFID/NFC
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Gyms and Health Clubs
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Commercial
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Brunswick Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Core Health & Fitness LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Draper Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 EGYM
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Johnson Health Tech Co. Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Les Mills International Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Nautilus Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Paradigm Health & Wellness
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Precor Incorporated (Peloton Interactive Inc.)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Technogym S.p.A
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 TRUE Fitness Technology Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
Figure 1: Global: Connected Gym Equipment Market: Major Drivers and Challenges
Figure 2: Global: Connected Gym Equipment Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Connected Gym Equipment Market: Breakup by Equipment Type (in %), 2023
Figure 5: Global: Connected Gym Equipment Market: Breakup by Connectivity Type (in %), 2023
Figure 6: Global: Connected Gym Equipment Market: Breakup by Distribution Channel (in %), 2023
Figure 7: Global: Connected Gym Equipment Market: Breakup by End User (in %), 2023
Figure 8: Global: Connected Gym Equipment Market: Breakup by Region (in %), 2023
Figure 9: Global: Connected Gym Equipment (Cardiovascular Training Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Connected Gym Equipment (Cardiovascular Training Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Connected Gym Equipment (Strength Training Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Connected Gym Equipment (Strength Training Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Connected Gym Equipment (Other Equipment Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Connected Gym Equipment (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Connected Gym Equipment (Bluetooth) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Connected Gym Equipment (Bluetooth) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Connected Gym Equipment (Wi-Fi) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Connected Gym Equipment (Wi-Fi) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Connected Gym Equipment (Ethernet) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Connected Gym Equipment (Ethernet) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Connected Gym Equipment (RFID/NFC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Connected Gym Equipment (RFID/NFC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Connected Gym Equipment (Other Connectivity Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Connected Gym Equipment (Other Connectivity Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Connected Gym Equipment (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Connected Gym Equipment (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Connected Gym Equipment (Offline) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Connected Gym Equipment (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Connected Gym Equipment (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Connected Gym Equipment (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Connected Gym Equipment (Gyms and Health Clubs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Connected Gym Equipment (Gyms and Health Clubs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Connected Gym Equipment (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Connected Gym Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Connected Gym Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Connected Gym Equipment Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Connected Gym Equipment Industry: SWOT Analysis
Figure 85: Global: Connected Gym Equipment Industry: Value Chain Analysis
Figure 86: Global: Connected Gym Equipment Industry: Porter's Five Forces Analysis
Table 1: Global: Connected Gym Equipment Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Connected Gym Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2024-2032
Table 3: Global: Connected Gym Equipment Market Forecast: Breakup by Connectivity Type (in Million US$), 2024-2032
Table 4: Global: Connected Gym Equipment Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 5: Global: Connected Gym Equipment Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Connected Gym Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Connected Gym Equipment Market: Competitive Structure
Table 8: Global: Connected Gym Equipment Market: Key Players
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