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Connected Gym Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global connected gym equipment market reached a value of US$ 567 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,009 Million by 2027, exhibiting a CAGR of 32.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on equipment type, connectivity type, distribution channel and end user.

Breakup by Equipment Type:

 

 
 

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  • 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:

 

 
 

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  • 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
     

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Equipment Type, Connectivity Type, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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

List of Figures

Figure 1: Global: Connected Gym Equipment Market: Major Drivers and Challenges
Figure 2: Global: Connected Gym Equipment Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Connected Gym Equipment Market: Breakup by Equipment Type (in %), 2021
Figure 5: Global: Connected Gym Equipment Market: Breakup by Connectivity Type (in %), 2021
Figure 6: Global: Connected Gym Equipment Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Connected Gym Equipment Market: Breakup by End User (in %), 2021
Figure 8: Global: Connected Gym Equipment Market: Breakup by Region (in %), 2021
Figure 9: Global: Connected Gym Equipment (Cardiovascular Training Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Connected Gym Equipment (Cardiovascular Training Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Connected Gym Equipment (Strength Training Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Connected Gym Equipment (Strength Training Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Connected Gym Equipment (Other Equipment Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Connected Gym Equipment (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Connected Gym Equipment (Bluetooth) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Connected Gym Equipment (Bluetooth) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Connected Gym Equipment (Wi-Fi) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Connected Gym Equipment (Wi-Fi) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Connected Gym Equipment (Ethernet) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Connected Gym Equipment (Ethernet) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Connected Gym Equipment (RFID/NFC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Connected Gym Equipment (RFID/NFC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Connected Gym Equipment (Other Connectivity Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Connected Gym Equipment (Other Connectivity Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Connected Gym Equipment (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Connected Gym Equipment (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Connected Gym Equipment (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Connected Gym Equipment (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Connected Gym Equipment (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Connected Gym Equipment (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Connected Gym Equipment (Gyms and Health Clubs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Connected Gym Equipment (Gyms and Health Clubs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Connected Gym Equipment (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Connected Gym Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Connected Gym Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Connected Gym Equipment Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Connected Gym Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Connected Gym Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Connected Gym Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2022-2027
Table 3: Global: Connected Gym Equipment Market Forecast: Breakup by Connectivity Type (in Million US$), 2022-2027
Table 4: Global: Connected Gym Equipment Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Connected Gym Equipment Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Connected Gym Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Connected Gym Equipment Market: Competitive Structure
Table 8: Global: Connected Gym Equipment Market: Key Players


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Key Questions Answered in This Report

The global connected gym equipment market was valued at US$ 567 Million in 2021.

We expect the global connected gym equipment market to exhibit a CAGR of 32.7% during 2022-2027.

The increasing demand for smart wearable devices among sports enthusiasts and athletes to store,
monitor, and analyze health information for enhancing their fitness levels is primarily driving the global
connected gym equipment market.

The sudden outbreak of the COVID-19 pandemic has led to the rising demand for connected gym
equipment among the health-conscious population as it remotely provides personalized workout
schedules to maximize their efficiency and improve the form of the user.

Based on the equipment type, the global connected gym equipment market has been segmented into
cardiovascular training equipment, strength training equipment, and others. Currently, cardiovascular
training equipment holds the majority of the total market share.

Based on the connectivity type, the global connected gym equipment market can be divided into
Bluetooth, Wi-Fi, ethernet, RFID/NFC, and others. Among these, Bluetooth currently exhibits a clear
dominance in the market.

Based on the distribution channel, the global connected gym equipment market has been categorized
into online and offline. Currently, online channel accounts for the majority of the global market share.

Based on the end user, the global connected gym equipment market can be segregated into residential,
gyms and health clubs, and commercial. Among these, gyms and health clubs hold the largest market
share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global connected gym equipment market include 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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