The Global Connected Gym Equipment Market size is expected to reach $1,048 million by 2023, registering a CAGR of 31.1% during the forecast period.

1. Connected Gym Equipment
Market
Opportunities and Forecasts,
2017 – 2023

2. Connected Gym Equipment Market
Improvement in economic condition and growing health concerns are the two key
factors that propel the growth of the connected gym equipment market. The growing
health awareness and need for an active lifestyle worldwide is a key driver for the
growth of the connected gym equipment market. Sedentary lifestyle, changing eating
habits have led to various health risks. Therefore, increase in awareness regarding
regular physical activity along with good habits to stay healthy, to maintain a youthful
appearance, and to reduce healthcare expenditure have raised the demand for smart
gym equipment at residential and commercial spaces. In addition, significant count of
geriatric population in the developed and developing countries also use unique fitness
equipment to improve their cardiovascular conditions. This trend is also significantly
driving the market for smartphones, WiFi enabled gym equipment.
- Biswa Sinha , Sr. Research Analyst, Consumer Goods at AMR

3. • According to a new report published by Allied Market Research, titled, Connected Gym
Equipment Market by Product and End User: Global Opportunity Analysis and Industry
Forecast, 2017-2023, the connected gym equipment market size was valued at $159
million in 2016, and is projected to reach $1,048 million by 2023, growing at a CAGR of
31.1% from 2017 to 2023. Cardiovascular training equipment in the global connected
gym equipment market possesses a strong customer base.
• Increased adoption of smartphones, rise in health awareness, increase in obese
population, and rapid growth in health clubs and gymnasiums drive the growth of the
connected gym equipment market. In addition, increased disposable income across
developing nations, such as Asia-Pacific and LAMEA is anticipated to create lucrative
opportunities for the global connected gym equipment market. However, high cost of
connected gym equipment hampers the connected gym equipment market growth.
Read more at : https://www.alliedmarketresearch.com/press-release/connected-gym-
equipment-market.html
Connected Gym Equipment MARKET
OVERVIEW

4. Connected Gym Equipment MARKET KEY
BENEFITS
• This report provides an in-depth analysis of the global connected gym
equipment market to identify the potential investment pockets.
• It outlines the current trends and future scenarios to determine the
overall market potential and gain stronger market foothold.
• Key drivers, restraints, and opportunities and their detailed impact
analysis are elucidated.
• Quantitative analysis of the market from 2016 to 2023 is highlighted to
recognize the financial competency of the market.
• Porter’s Five Forces model illustrates the threat of new entrants, threat of
substitutes, and strength of the buyers & suppliers.

5. • In 2016, strength training equipment was the second highest revenue
generating product type, and is projected to grow at a CAGR of 30.0 %
during the forecast period.
• Elliptical under cardiovascular training equipment is expected to grow at
the highest CAGR of 33.5%.
• Health clubs or gyms accounted for more than 40% of market share in
2016, and is expected to dominate the global market by 2023.
• Japan is the major shareholder in the Asia-Pacific Connected Gym
Equipment industry, and accounted for around 33% share in 2016.
Connected Gym Equipment MARKET KEY
FINDINGS

6. Connected Gym Equipment Market by
Geography

7. Connected Gym Equipment Market by Type

8. Connected Gym Equipment Market by End User

9. KEY PLAYERS IN INDUSTRY
• eGym, Les Mills International
• Life fitness, Precor
• Technogym, Draper Inc.
• IncludeFitness Inc.
• Paradigm Health & Wellness Inc.
• Johnson Health Tech Co. Ltd.
• and Nautilus Inc.
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