Latest News- Connected Gym Equipment Market: CTE is expected to lead the Product segment during 2025-2029

The Connected Gym Equipment Market is being driven by Increasing smartphone penetration and growing demand for connected gym services

The Connected Gym Equipment Market is expected to grow at a CAGR of 42.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10163.3 million. In today's digital age, connected gym equipment is revolutionizing the fitness industry. With the integration of smart technology, users can now track their fitness metrics, such as calories burned, through their smartphones and tablets, regardless of the device's brand or operating system. This convenience eliminates the need to manage multiple devices from various locations. Majority of the connected gym equipment apps are compatible with both Android and iOS platforms. Users can easily download these apps from the Google Play Store or Apple App Store, or directly from the vendors' websites, to connect with their gym equipment. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • CTE
  • STE
• End-user
  • Residential
  • Commercial
• Distribution Channel
  • Online
  • Offline
• Type
  • Cardio
  • Strength Training
• Technology Specificity
  • IoT
  • AI
  • Bluetooth
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing smartphone penetration and growing demand for connected gym services
• Premium pricing of connected devices owing to value-added features
• Technological advances in connected gym equipment

However, the market also witnesses some limitations, which are as follows:

• Lack of awareness of gym-related products and technology
• Long repurchase cycle and availability of used products
• Connectivity issues with devices

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Market Scope in Connected Gym Equipment Market Research Report

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Research Analysis Overview

The Connected Gym Equipment Market encompasses a range of innovative technologies, including connected gym software, digital fitness platforms, and IoT fitness devices. These solutions utilize data encryption protocols, user interface design, and user experience optimization, along with machine learning algorithms and data analytics dashboards. API integration capabilities enable exercise video streaming, live fitness classes, social fitness features, and personal training software. Additional offerings include gym management platforms, member engagement strategies, workout scheduling systems, payment processing integration, customer relationship management, equipment maintenance tracking, staff communication tools, facility management software, security access control, member onboarding processes, class registration systems, membership management tools, incentive program design, data privacy regulations, and compliance certifications.

Market Research Overview

The Connected Gym Equipment Market is a significant segment of the larger Household Durables market, which encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio, the global Household Durables market size is determined by the consolidated revenue of manufacturers in various sectors, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The burgeoning Connected Gym Equipment Market is poised for growth due to several key factors, including the integration of fitness apps for enhanced user experience, advanced workout data tracking capabilities, and remote monitoring systems utilizing biometric sensors for heightened accuracy. The rise of these technologies is driven by the increasing trend of health and fitness club memberships, which have seen a steady increase in the past decade, and the subsequent expansion of the health and fitness industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/