Wow, the global market for digitally connected gym equipment is really taking off! Experts predict some serious growth between 2022 and 2026, thanks to all the cool new tech being added to fitness and gym equipment. It's not just about getting a workout anymore; it's about the whole digital experience. Think about itsmart machines, digital tracking, and the ability to see your progress. All this data storage and monitoring? It's making people want to ditch the old-school gym and embrace the connected experience. Plus, you've got platforms popping up that combine gym equipment with training software, making it even easier to stay on track. These aren't your grandma's treadmills! We're talking about AI-powered machines that connect to the internet, tracking everything from calories burned to heart rate. And with everyone carrying around a smartphone and having access to fast internet, it's no wonder these high-tech gadgets are so popular at health clubs.
Okay, so here's how the market for digitally connected gym equipment breaks downwe're looking at it by type of equipment, who's using it, where you buy it, who the big players are, and, of course, where in the world it's selling. When it comes to type, we've got your treadmills, exercise bikes, strength training gear, and all the other stuff like cross trainers and ellipticals. Treadmills? They're expected to be the kings of the hill, bringing in the most cash, mainly because heart problems are on the rise and people are building their own home gyms. But hold on – strength training equipment is predicted to be the fastest-growing thing in the next five years! Why? Because everyone's buying it! You see more and more regular gym-goers are getting into body building and strength training. Plus, with all those big sporting events and competitions, the demand for strength training gear is through the roof, which should really boost the whole market for digitally connected gym equipment.
Holding the major shares of the global digitally connected gym equipment market are EGYM Inc., KPS Capital Partners (Life Fitness), Technogym S.p.A, Precor Incorporated, Cybex International, Inc, Johnson Health Tech, Nautilus, Inc, Treadfit Technologies Pvt Ltd, TRUE Fitness Technology, Inc, Tonal Systems, Inc., among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through digitally connected gym equipment. Further advancement would aid the market value and brand establishment in the future five years.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of global digitally connected gym equipment market from 2016 to 2019.
- To estimate and forecast the market size of global digitally connected gym equipment market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global digitally connected gym equipment market based on type, end use, distribution channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global digitally connected gym equipment market.
- To identify drivers and challenges for global digitally connected gym equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global digitally connected gym equipment market.
- To identify and analyze the profile of leading players operating in global digitally connected gym equipment market.
- To identify key sustainable strategies adopted by market players in global digitally connected gym equipment market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global digitally connected gym equipment market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience
- Manufacturers, end users, and other stakeholders
- Distributers and suppliers of products and other stakeholders
- Organizations, forums, and alliances related to digitally connected gym equipment
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
