Connected Gym Equipment Market: Key Geographies that will Drive Growth
Regional Growth Analysis and Market Trends 2021-2025
The connected gym equipment market is set to grow by $ 11.12 billion, accelerating at a CAGR of almost 26.93% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.
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Connected Gym Equipment Market: Europe to lead market growth during the forecast period
- 33% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Connected Gym Equipment Market size.
- Increasing smartphone penetration and growing demand for connected gym services will be a significant factor in driving the growth of the connected gym equipment market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
- Market is segmented by Product (Cardiovascular training equipment and Strength training equipment), End-user (Residential users and Commercial users), and Geography (North America, Europe, APAC, MEA, and South America).
Connected Gym Equipment Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cybex International Inc., DJO Global Inc., EGYM Inc., Johnson Health Tech Inc., Life fitness, Nautilus Inc., Precor Inc., SunSai Sports and Fitness, TECHNOGYM Spa, and True Fitness Technology Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of over 26.93%.
- What is the incremental growth of the market?
The market is expected to grow by $ 11.12 bn through 2021-2025.
- What is a key factor driving this market?
Increasing smartphone penetration and growing demand for connected gym services will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
33% growth will originate from Europe
- Who are the leading market vendors?
The leading vendors in this market are Cybex International Inc., DJO Global Inc., EGYM Inc., Johnson Health Tech Inc., Life fitness, Nautilus Inc., Precor Inc., SunSai Sports and Fitness, TECHNOGYM Spa, and True Fitness Technology Inc.
- What are the market segments covered in this report?
The market is segmented by Product (Cardiovascular training equipment and Strength training equipment), End-user (Residential users and Commercial users), and Geography (North America, Europe, APAC, MEA, and South America).
Market Segmentation by Product
-
- Connected Gym Equipment Market Split by Product
- Cardiovascular training equipment
- Strength training equipment
- Connected Gym Equipment Market Split by End-user
- Residential users
- Commercial users
- Connected Gym Equipment Market Split by Geography
- North America
- Europe
- APAC
- MEA
- South America
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Cybex International Inc.
- DJO Global Inc.
- EGYM Inc.
- Johnson Health Tech Inc.
- Life fitness
- Nautilus Inc.
- Precor Inc.
- SunSai Sports and Fitness
- TECHNOGYM Spa
- True Fitness Technology Inc.
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Connected Gym Equipment Market Size to Grow by $ 7.50 bn through 2020-2024
Technavio research projects the connected gym equipment market to grow by $ 7.50 bn, accelerating at a CAGR of over 22% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Connected Gym Equipment Market: Key Market Driver
One of the primary factors that will trigger the growth of the connected gym equipment market size is Technological advances in connected gym equipment. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Connected Gym Equipment Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cybex International Inc., Draper Inc., EGYM Inc., Johnson Health Tech Inc., Les Mills International Ltd., Life fitness, Nautilus Inc., Paradigm Health and Wellness Inc., Precor Inc., and TECHNOGYM Spa are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of over 22%.
- What is the incremental growth of the market?
The market is expected to grow by $ 7.50 bn through 2020-2024.
- What is a key factor driving this market?
Technological advances in connected gym equipment will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
33% growth will originate from Europe
- Who are the leading market vendors?
The leading vendors in this market are Cybex International Inc., Draper Inc., EGYM Inc., Johnson Health Tech Inc., Les Mills International Ltd., Life fitness, Nautilus Inc., Paradigm Health and Wellness Inc., Precor Inc., and TECHNOGYM Spa
- What are the market segments covered in this report?
The market is segmented by Product (Cardiovascular training equipment and Strength training equipment), End-user (Residential users and Commercial users), and Geography (North America, Europe, APAC, MEA, and South America)
