Global Connected Gym Equipment Market to Reach US$ 3,761.9 Million by 2028, Stimulated by Increasing Fitness Consciousness Amongst Individuals

December 14, 2022 | Healthcare

According to the latest report by IMARC Group, titled “­­Connected Gym Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global connected gym equipment market reached a value of US$ 734.5 Million in 2022. Connected gym equipment represents various fitness machines and devices that are connected with artificial intelligence (AI) and internet solutions to generate and store user data. It evaluates multiple parameters, such as the number of calories burned and heart rate. Some standard connected gym equipment includes treadmills, stationary bikes, ellipticals, rowing machines, squat racks, bench presses, barbells, mirrors, and dumbbells. These machines can be accessed and controlled through several consumer electronics, such as smartphones and wearable fitness devices. These solutions collect and store data on the centralized cloud server, provide access to live online classes and workshops created by expert trainers, and monitor workout functions allowing consumers to monitor their regular exercising regime. Apart from this, connected gym equipment offers customized workouts for major muscle groups; thus, they are extensively used by individuals to meet their fitness goals.

Global Connected Gym Equipment Market Trends:

The emerging trend of bodybuilding and the rising health and fitness consciousness amongst millennials to prevent various lifestyle diseases and cardiovascular disorders (CVD) are primarily driving the market growth. In line with this, the escalating need for multiple connected cardiovascular devices, such as treadmills, elliptical, arm and upright bikes, and rowing machines, is acting as another growth-inducing factor. Such solutions enable interactions, provide pre-recorded workouts, and enable trainers to track, monitor, and analyze the total weight lifted, number of sets and reps and calories burned, and range of motion. Additionally, the closing of gyms during the COVID-19 pandemic has encouraged the widespread adoption of home fitness equipment across residential sectors, which, in turn, is supporting the market growth. This is further facilitated by the inflating spending capacity of consumers and the escalating need for privacy and convenience. Moreover, the increasing establishment of gyms and health clubs, along with the fuelling proliferation of smartphones and electronic devices with high-speed internet connectivity, are contributing to the market growth. Furthermore, the ongoing launch of several fitness applications and the integration of machine learning (ML) and AI-enabled trainers to provide proper guidance to users are propelling the market growth. Besides this, extensive celebrity endorsements and the extensive product usage to lose weight, lower blood pressure, and improve heart health are positively impacting the market growth. Looking forward, the market value is projected to reach US$ 3,761.9 Million by 2028, expanding at a CAGR of 31.7% during 2023-2028.


Market Summary:

  • 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 competitive landscape of the market has also been examined, with some 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 Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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
Five User License: US$ 3499
Corporate License: US$ 4499
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)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Connected Gym Equipment Market to Reach US$ 3,761.9 Million by 2028, Stimulated by Increasing Fitness Consciousness Amongst Individuals
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More