According to our latest market study on “Connected Gym Equipment Market Forecast to 2028 – COVID-19 Impact, and Global Analysis – by Type (Cardiovascular Training, Strength Training, and Others) and End-User (Residential, Gym, and Other Commercial User),” the market was valued at US$ 510.55 million in 2020 and is expected to reach US$ 3,472.69 million by 2028 with a CAGR of 28.1% during 2021–2028.  

North America is the region with maximum usage of connected gym equipment as compared to other regions. Considering current work culture, people are understanding the importance of exercise and physical activity. The extent of knowledge about various types of products, retailer penetration, capacity to spend on latest connected equipment, and product pricing are the significant factors that drive the connected gym equipment market in this region.

Asia Pacific is predicted to experience a promising growth in this market in upcoming years. Growing health concerns, along with increasing buying capacity of consumers, are anticipated to boost the demand for connected gym equipment in this region, especially in India, China, and Japan.

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Since the last few years, the count of small and mid-sized gyms and large health clubs has increased noticeably in this region. Places such as schools, colleges, hotels, offices, and huge condominiums are setting up fitness centers and gyms, which are contributing to the growth of this market.

In Europe, people are very much aware about their health. Hence, this region’s gym market was growing considerably in 2020. Considering health issues like obesity and heart problems, people are increasingly indulging in daily workout. Germany and the UK are the largest markets in this region. Moreover, an increase in number of new gyms and fitness clubs is observed in countries such as France, Austria, and Sweden.

The fitness, sports, and health industry has witnessed great advancement over the past few years in the Middle East region. With growing inclination toward living a healthy lifestyle, the knowledge of the people regarding fitness grew along with their demands. Investment opportunities in the fitness and health sector seem to be promising in this region.

People have different schedules according to their professions. General timings in gyms and health clubs may not be suitable for every customer. Also, the user’s timing and trainer’s timing should match for the workout session. There lies a great opportunity in designing and manufacturing affordable connected gym equipment for residential use as users are inclining toward privacy and convenience. Demand for smart fitness equipment is increasing in developed as well as developing countries. These majorly include countries from North America, Europe, and Asia-Pacific. Also, disposable household income is increasing noticeably in many developing countries.

EGYM; Life Fitness; Les Mills International Ltd; Technogym S.p.A; Precor Incorporated; Cybex International, Inc.; Johnson Health Tech, Draper, Inc.; Nautilus, Inc.; and True Fitness Technology, Inc. are among the key players that are profiled during this market study. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global connected gym equipment market and its ecosystem.

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