Global Connected Gym Equipment Market is valued at USD 558.9 million in 2021 and expected to reach USD 3797.2 million by 2028 with a CAGR of 31.48% over the forecast period.
Global Connected Gym Equipment Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Increasing adoption of internet of medical things (IoMT) devices, rising number of cyber-attacks and regulatory policies, and growing government regulatory policies are some of the major factors driving the growth of the global connected gym equipment market.
The term "connected gym equipment" refers to a variety of exercise equipment and gadgets that are linked together through internet and artificial intelligence (AI) systems to produce and retain user data. It assesses a variety of factors, including heart rate and calories burnt. Treadmills, ellipticals, stationary bikes, squat racks, rowing machines, barbells, bench presses, mirrors, and dumbbells are a few examples of connected gym equipment. Many consumer technologies, like smartphones and wearable fitness equipment, may be used to access and manage these machines. These products gather and store data on a centralized cloud server, provide users access to live online workshops and seminars taught by professional trainers and track workout features so that users can keep tabs on their daily exercise routine. Additionally, connected gym equipment allows for individualized training for the main muscle groups, which is why people utilize it a lot to achieve their fitness objectives.
One of the reasons the market for gym equipment is expanding is the rising recognition that a person's strength is a critical element of overall health. Due to the COVID-19 disaster, consumers are more aware than ever of the need for exercise and health. People are now giving their health a greater priority after the pandemic's impact.
The global Connected Gym Equipment market is segmented based on the product type, distribution channel, buyer type, and region & country level. Based on product type, the global Connected Gym Equipment market is segmented into Strength Training Equipment, Cardiovascular Machines, Ground Base Equipment, Plate Loaded Equipment, Heavy Duty Elite Racks, Standalone Equipment, Olympic Bars and Collars, Benches, and Dumbbells & Kettlebells. By distribution channel, the market is segmented into online and offline. By buyer type, the global Connected Gym Equipment market is segmented into Individual, Institution, and Promotion.
The regions covered in the global Connected Gym Equipment market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Connected Gym Equipment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global Connected Gym Equipment market report cover prominent players like -
The main issues globally are the growth in health awareness among consumers brought on by the occurrence of hazardous illnesses like COVID-19 and the rising incidence of diabetes, cardiovascular diseases, and osteoarthritis. The key driver fostering the expansion of the global connected gym equipment market is rising consumer desire for a fit and healthy lifestyle. Additionally fueling the market's expansion is a rise in the number of health clubs and fitness facilities throughout the globe. The expansion of government activities aimed at raising public knowledge of health issues is another factor.
These programs strive to protect and promote health by offering advice at the local, national, and international levels on how to lower illness and mortality rates linked to poor nutrition and inactivity, which in turn increases consumer interest in fitness activities. Additionally, a lot of fitness centers have begun using Zoom to webcast live courses. On YouTube and other platforms, there are many free meditation and exercise videos. Fitness instructors and personal trainers are no longer necessary as a result of these considerations. As more individuals want to continue their previous training and gym exercise routines at home, there is an increase in investments in at-home fitness equipment.
The market is expanding largely due to the emergence of the bodybuilding trend and the rise in health and fitness awareness among millennials for the prevention of different lifestyle illnesses and cardiovascular disorders (CVD). Along these lines, another growth-promoting element is the growing demand for many connected cardiovascular equipment, including rowing machines, arm and upright cycles, treadmills, and ellipticals. These programs allow for interactions, pre-recorded exercises, and the tracking, monitoring, and analysis of total weight lifted, number of sets and repetitions, calories burnt, and range of motion by trainers.
In addition, the global connected gym equipment market is expanding as more gyms and fitness clubs are opening up, and smartphones and other electronic devices with high-speed internet access are becoming more and more common. Additionally, the continual release of several fitness programs and the incorporation of artificial intelligence (AI) and machine learning (ML)-enabled trainers to give consumers with the right assistance are boosting market development. In addition, many celebrity endorsements and the widespread use of the products to reduce weight, control blood pressure, and enhance heart health are helping the market develop.
Another growth-promoting element is the incorporation of software-based coaching solutions in sporting goods. Weight lifted, sets and repetitions performed, range of motion, and calories expended may all be tracked and monitored by the connected gym equipment. It is projected that other factors, such as expanding consumer spending power and public awareness about cardiovascular diseases, would propel the market toward expansion.
Geographically, North America is anticipated to rule the worldwide market for connected gym equipment over the anticipated time frame. The level of consumer product awareness, desire to invest in cutting-edge connected equipment, retailer penetration, and product price all play a vital role in the development of the connected gym equipment market in this area. The key regions in this area for global connected gym equipment market are the US and Canada.
In the global market for connected fitness equipment, Asia-Pacific is the area with the quickest growth. Some of the main contributors in the area include Japan, China, India, Australia, and South Korea. The rising demand for personal training and teaching services is one of the key elements influencing the region's development. Due to the increase in weight reduction services and the significant interest in personalized training regimens, there is a greater need for personal trainers and fitness instructors. There is an increasing need for trainers with specific understanding of safe and efficient fitness routines for elderly persons as baby boomers actively concentrate on their health. As a result, a number of international players are increasing their footprint in Asia-Pacific in order to diversify their clientele and outperform rivals.
On September 6, 2022; In order to speed up the certification procedure, Apple has released a new GymKit Certification Assistant app. According to 9to5Mac sources, the latest GymKit Certification Assistant app was just uploaded to the App Store. Although it is not yet published, the software is being distributed via Apple's developer account.
On September 22, 2022; The Bowflex BXT8J treadmill with JRNY adaptive fitness app integration was launched at select in-store and online retail partners, according to Nautilus, Inc., a market leader in home fitness innovation for more than 30 years. This gives customers a full fitness solution at a reasonable price.
On April 21, 2022; Wexer Holding LLC, which develops digital health and fitness solutions, was purchased by Core Health & Fitness LLC, a Vancouver, Washington-based company. According to the release, the agreement would provide Wexer the capital it needs to grow, especially via acquisitions to saturate the digital fitness market. It will also promote digital adoption across the world's health club industry.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||USD 558.9 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 3797.2 Million|
|Tables, Charts & Figures:||175|
|Companies||Johnson Health Tech Co. Ltd., Brunswick Corporation, Nautilus Inc., Technogym S.p.A, Torque Fitness LLC, Core Health and Fitness LLC, Amer Sports Corporation, Cosco Capital Inc., Icon Health & Fitness Inc., Impulse Healthtech Co. Ltd., Peloton., and others.|
|Segments Covered||By Product Type, By Distribution Channel, By Buyer Type|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|