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 technologically advanced world, fitness enthusiasts can now seamlessly manage their workout regimens using smartphones and tablets. Regardless of device brand or operating system, these devices enable users to track essential fitness metrics such as calories burned. By integrating with smart connected gym equipment, users can simplify device management from various locations. Notably, most 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. This compatibility enhances the convenience and accessibility of fitness technology, allowing users to focus on their fitness goals rather than device compatibility issues. 

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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
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • 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 exercise equipment industry is witnessing a digital transformation with the integration of connected gym equipment. This includes machines such as treadmills, ellipticals, stationary bikes, rowing machines, squat racks, bench presses, and dumbbells. Centralized servers and smartphone applications enable continuous monitoring and tracking of fitness exercises for both youth and adults. Wearable devices and the Internet play a crucial role in this trend, providing real-time data for cardiovascular and strength training equipment. Obesity and chronic diseases are driving the demand for in-home equipment and health club solutions. Residential users and fitness enthusiasts can now benefit from smartphones and wearables to enhance their workout experience.

Market Research Overview

The Connected Gym Equipment Market is a significant segment of the larger Household Durables industry, which encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio's market analysis, the global Household Durables market size is determined by the combined revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market will be propelled by the burgeoning membership numbers in health and fitness clubs. With the increasing popularity of health and wellness, the number of health and fitness clubs has been steadily rising over the past decade. These clubs incorporate advanced technology, such as internet-connected gym equipment, centralized servers, smartphone applications, and wearable devices, for continuous monitoring and tracking during cardiovascular training sessions on machines like treadmills, ellipticals, stationary bikes, rowing machines, squat racks, and barbells. This technology-driven approach to fitness training enhances the user experience, making health and fitness clubs an attractive investment, thereby fueling market growth.. 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/