Global Connected Gym Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global connected gym equipment market size reached US$ 734.5 Million in 2022. Looking forward, the market is expected to reach US$ 3,761.9 Million by 2028, exhibiting a growth rate (CAGR) of 31.29% during 2022-2028.

Connected gym equipment refers to the machines and devices connected to the internet and centralized servers to collect user information. The users can connect the equipment to their smartphone applications or wearable devices for continuous monitoring and tracking of their performance. They also used for personalized workout schedules to maximize their efficiency and improve the form of the user. Some of the commonly used connected gym equipment includes treadmills, elliptical, stationary bike and rowing machines for cardiovascular training, along with squat racks, barbells, bench presses and dumbbells for strength training. These equipment aid in performing diverse workouts for major muscle groups, synchronizing workouts with other users and storing the database on a cloud server. As a result, connected gym equipment are widely used across health and fitness clubs, gyms, studios, hotels and hospitals.

Connected Gym Equipment Market Trends

Rapid digitization of the health and fitness industry across the globe is one of the key factors driving the growth of the market. Moreover, the rising health consciousness among the masses, along with the increasing number of gyms, fitness clubs and home fitness centers, is also providing a thrust to the market growth. Sports enthusiasts and athletes are widely using smart wearable devices and connected machines to store, monitor and analyze health information for enhancing their fitness levels. Additionally, the integration of software-based coaching solutions in sports equipment is acting as another growth-inducing factor. The connected machines can track and monitor the amount of weight lifted, number of sets and reps, range of motion and number of calories burned. Other factors, including the increasing expenditure capacities of the consumers, along with rising concerns regarding cardiovascular ailments among the masses, are anticipated to drive the market toward growth.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global connected gym equipment market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on equipment type, connectivity type, distribution channel and end user.

Breakup by Equipment Type:

• Cardiovascular Training Equipment
• Strength Training Equipment

Breakup by Connectivity Type:

• Bluetooth
• Wi-Fi
• Ethernet
• RFID/NFC

Breakup by Distribution Channel:

• Online
• Offline

Breakup by End User:

• Residential
• Gyms and Health Clubs
• Commercial

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Latin America
• Brazil
• Mexico
• Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Brunswick Corporation, Core Health & Fitness LLC, Draper Inc., EGYM, Johnson Health Tech Co. Ltd., Les Mills International Ltd., Nautilus Inc., Paradigm Health & Wellness, Precor Incorporated (Peloton Interactive Inc.), Technogym S.p.A and TRUE Fitness Technology Inc.

Key Questions Answered in This Report

1. What was the size of the global connected gym equipment market in 2022?
2. What is the expected growth rate of the global connected gym equipment market during 2023-2028?
3. What are the key factors driving the global connected gym equipment market?
4. What has been the impact of COVID-19 on the global connected gym equipment market?
5. What is the breakup of the global connected gym equipment market based on the equipment type?
6. What is the breakup of the global connected gym equipment market based on the connectivity type?
7. What is the breakup of the global connected gym equipment market based on distribution channel?
8. What is the breakup of the global connected gym equipment market based on the end user?
9. What are the key regions in the global connected gym equipment market?
10. Who are the key players/companies in the global connected gym equipment market?