Connected gym equipment market size to grow by USD 16,348.77 million: Leisure products industry is the parent market - Technavio

NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The global connected gym equipment market has been categorized as a part of the global leisure products market. The parent market, the global leisure products market, covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. The growth of this market will be driven by factors such as growing memberships in health and fitness clubs and an increase in awareness about the benefits of a healthy lifestyle.

The connected gym equipment market size is forecasted to grow by USD 16,348.77 million between 2022 and 2027. The market is estimated to grow at a CAGR of 28.15% during the forecast period, according to Technavio. Download a sample

Connected gym equipment market 2023-2027: Scope

The connected gym equipment market report covers the following areas:

• Market size
• Key trends
• Competitive analysis

Connected gym equipment market 2023-2027: Vendor landscape

The global connected gym equipment market is highly competitive due to the presence of major vendors as well as small players. Vendors are competing to gain market shares based on product differentiation, pricing, product portfolios, and value-added services. Therefore, to survive and succeed in a stiff competitive environment, it becomes imperative for vendors in the market to differentiate their product and service offerings through a clear and unique value proposition. Major players are also focusing on marketing strategies. Promotional activities by suppliers and manufacturers help in boosting sales. Hence, vendors in the market are partnering with various distributors in developing countries.

Blue Goji Corp., Clmbr, Cosco India Ltd., Draper Inc, EGYM Inc., FightCamp, Hydrow, iFIT Health and Fitness, Johnson Health Tech Co. Ltd., Les Mills International Ltd., Life fitness, MYXfitness LLC, Nautilus Inc., Precor Inc., SoulCycle, TECHNOGYM SpA, Tonal Systems Inc., True Fitness Technology Inc., Paradigm Health and Wellness Inc., and Body Solid Inc. are among some of the major market participants.

Connected gym equipment market 2023-2027: Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Buy the report

Connected gym equipment market 2023-2027: Segmentation

• End-user 
• Residential
• Commercial

The residential segment will contribute a significant share to the market's growth during the forecast period. The demand for connected gym equipment in the residential segment is increasing due to the busy schedules of consumers. The primary users of connected gym equipment are affluent consumers.

• Product 
• Cardiovascular training equipment
• Strength training equipment
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East And Africa

North America is estimated to account for 35% of the market's growth during the forecast period. The US is the key market for the connected gym equipment market in North America. The growing adoption of smartphones and rising internet penetration are driving the demand for connected gym equipment. Hence, the rise in the demand for such equipment will drive the market's growth during the forecast period. 

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What are the key data covered in this connected gym equipment market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the connected gym equipment market between 2023 and 2027
• Precise estimation of the size of the connected gym equipment market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the connected gym equipment market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of connected gym equipment market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global Connected Gym Equipment Market 2023-2027 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global Connected Gym Equipment Market 2023-2027 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Residential - Market size and forecast 2022-2027
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial - Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Cardiovascular training equipment - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Cardiovascular training equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Cardiovascular training equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Cardiovascular training equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Cardiovascular training equipment - Year-over-year growth 2022-2027 (%)

• 7.4 Strength training equipment - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Strength training equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Strength training equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Strength training equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Strength training equipment - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 55: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Clmbr 
• Exhibit 108: Clmbr - Overview
• Exhibit 109: Clmbr - Product / Service
• Exhibit 110: Clmbr - Key offerings

• 12.4 Cosco India Ltd. 
• Exhibit 111: Cosco India Ltd. - Overview
• Exhibit 112: Cosco India Ltd. - Business segments
• Exhibit 113: Cosco India Ltd. - Key offerings
• Exhibit 114: Cosco India Ltd. - Segment focus

• 12.5 Draper Inc 
• Exhibit 115: Draper Inc - Overview
• Exhibit 116: Draper Inc - Product / Service
• Exhibit 117: Draper Inc - Key offerings

• 12.6 EGYM Inc. 
• Exhibit 118: EGYM Inc. - Overview
• Exhibit 119: EGYM Inc. - Product / Service
• Exhibit 120: EGYM Inc. - Key offerings

• 12.7 FightCamp 
• Exhibit 121: FightCamp - Overview
• Exhibit 122: FightCamp - Product / Service
• Exhibit 123: FightCamp - Key offerings

• 12.8 Hydrow 
• Exhibit 124: Hydrow - Overview
• Exhibit 125: Hydrow - Product / Service
• Exhibit 126: Hydrow - Key offerings

• 12.9 iFIT Health and Fitness 
• Exhibit 127: iFIT Health and Fitness - Overview
• Exhibit 128: iFIT Health and Fitness - Product / Service
• Exhibit 129: iFIT Health and Fitness - Key offerings

• 12.10 Johnson Health Tech Co. Ltd. 
• Exhibit 130: Johnson Health Tech Co. Ltd. - Overview
• Exhibit 131: Johnson Health Tech Co. Ltd. - Product / Service
• Exhibit 132: Johnson Health Tech Co. Ltd. - Key offerings

• 12.11 Les Mills International Ltd. 
• Exhibit 133: Les Mills International Ltd. - Overview
• Exhibit 134: Les Mills International Ltd. - Product / Service
• Exhibit 135: Les Mills International Ltd. - Key offerings

• 12.12 Life fitness 
• Exhibit 136: Life fitness - Overview
• Exhibit 137: Life fitness - Product / Service
• Exhibit 138: Life fitness - Key offerings

• 12.13 MYXfitness LLC 
• Exhibit 139: MYXfitness LLC - Overview
• Exhibit 140: MYXfitness LLC - Product / Service
• Exhibit 141: MYXfitness LLC - Key offerings

• 12.14 Nautilus Inc. 
• Exhibit 142: Nautilus Inc. - Overview
• Exhibit 143: Nautilus Inc. - Business segments
• Exhibit 144: Nautilus Inc. - Key offerings
• Exhibit 145: Nautilus Inc. - Segment focus

• 12.15 Precor Inc. 
• Exhibit 146: Precor Inc. - Overview
• Exhibit 147: Precor Inc. - Product / Service
• Exhibit 148: Precor Inc. - Key offerings

• 12.16 TECHNOGYM SpA 
• Exhibit 149: TECHNOGYM SpA - Overview
• Exhibit 150: TECHNOGYM SpA - Product / Service
• Exhibit 151: TECHNOGYM SpA - Key offerings

• 12.17 True Fitness Technology Inc. 
• Exhibit 152: True Fitness Technology Inc. - Overview
• Exhibit 153: True Fitness Technology Inc. - Product / Service
• Exhibit 154: True Fitness Technology Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 155: Inclusions checklist
• Exhibit 156: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 157: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 158: Research methodology
• Exhibit 159: Validation techniques employed for market sizing
• Exhibit 160: Information sources

• 13.5 List of abbreviations 
• Exhibit 161: List of abbreviations

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SOURCE Technavio