Global Connected Gym Equipment Market 2017-2021

  • ID: 4225839
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • DRAPER
  • eGym
  • IncludeFitness
  • Johnson Health Tech
  • LES MILLS INTERNATIONAL
  • Life fitness
  • MORE
About Connected Gym Equipment

Gym equipment is a device that is used for physical activity to enhance the strength of the individual. Gym equipment or fitness equipment is made of carbon steel, aluminum, and other metal alloys. These metals are preferred because they are durable and light. When gym equipment is connected to an app, that records the workouts of an individual and displays the data about workouts then it is called connected gym equipment. Gym equipment includes treadmills, weight machines, free weights, and elliptical trainers. Connected gym equipment links to the Internet and taps the cloud-based data such as workout goals, health history, and nutritional habits to create personalized exercise plans and track how you're doing in the gym.

The analysts forecast the global connected gym equipment market to grow at a CAGR of 44.62% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global connected gym equipment market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Connected Gym Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- eGym
- LES MILLS INTERNATIONAL
- Life fitness
- Precor
- Technogym

Other prominent vendors
- DRAPER
- IncludeFitness
- IRONMAN Fitness & Paradigm Health & Wellness
- Johnson Health Tech
- Nautilus

Market drivers
- Increasing smartphone penetration and the growing demand for connected gym services.
- For a full, detailed list, view the full report

Market challenges
- Low awareness about connected gym equipment in developing economies.
- For a full, detailed list, view the full report

Market trends
- Compatibility with different mobile operating systems.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • DRAPER
  • eGym
  • IncludeFitness
  • Johnson Health Tech
  • LES MILLS INTERNATIONAL
  • Life fitness
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Economic indicators
  • Global economic indicators
PART 06: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 07: Market segmentation by end-users
  • Global connected gym equipment market by end-users
  • Global connected gym equipment market for commercial users
  • Global connected gym equipment market for residential users
PART 08: Market segmentation by products
  • Global connected gym equipment market by products
PART 09: Geographical segmentation
  • Global connected gym equipment market by geography
  • Connected gym equipment market in Americas
  • Connected gym equipment market in EMEA
  • Connected gym equipment market in APAC
PART 10: Key leading countries
  • Germany
  • US
  • Japan
PART 11: Decision framework

PART 12: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 13: Market trends
  • Players collaborating with other technology companies for integrating smart features into gym equipment
  • Adoption of smart fitness wear in gym centers
  • Compatibility with different mobile operating systems
PART 14: Vendor landscape
  • Competitive scenario
  • Key strategies enabling market's growth
  • Key players in the global connected gym equipment market
  • Competitive assessment of top five vendors
PART 15: Key vendor analysis
  • eGym
  • LES MILLS INTERNATIONAL
  • Life Fitness
  • Precor
  • Technogym
  • Other prominent vendors
PART 16: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: World: Key economic indicators 2015
Exhibit 02: World internet penetration rate 2010-2015 (% share per 100 people)
Exhibit 03: World mobile cellular subscription rate 2010-2015 (% share per 100 people)
Exhibit 04: Global urban population 2010-2015 (% of total population)
Exhibit 05: Global connected gym equipment market: An overview
Exhibit 06: Global connected gym equipment market 2016-2021 ($ millions)
Exhibit 07: Five forces analysis
Exhibit 08: Global connected gym equipment market by end-users 2016 (% share of revenue)
Exhibit 09: Global connected gym equipment market by end-users 2021 (% share of revenue)
Exhibit 10: Global connected gym equipment market by end-users 2016-2021 (% share of revenue)
Exhibit 11: Global connected gym equipment market by end-users 2016-2021 ($ millions)
Exhibit 12: Global connected gym equipment market for commercial users 2016-2021 ($ millions)
Exhibit 13: Global connected gym equipment market for residential users 2016-2021 ($ millions)
Exhibit 14: Global connected gym equipment market by products 2016 and 2021 (% share of revenue)
Exhibit 15: Global connected gym equipment market by products 2016 and 2021 ($ millions)
Exhibit 16: Global connected gym equipment market by geography 2016 (% share of revenue)
Exhibit 17: Global connected gym equipment market by geography 2021 (% share of revenue)
Exhibit 18: Global connected gym equipment market by geography 2016-2021 (% share of revenue)
Exhibit 19: Global connected gym equipment market by geography 2016-2021 ($ millions)
Exhibit 20: Connected gym equipment market in Americas 2016-2021 ($ millions)
Exhibit 21: Connected gym equipment market in EMEA 2016-2021 ($ millions)
Exhibit 22: Connected gym equipment market in APAC 2016-2021 ($ millions)
Exhibit 23: Factors enabling the growth of connectivity-enabled innovations
Exhibit 24: Global smartphone penetration
Exhibit 25: Impact of drivers
Exhibit 26: Impact of challenges
Exhibit 27: Global smartphone segmentation by operating systems 2016
Exhibit 28: Key players in the global connected gym equipment market
Exhibit 29: Competitive assessment of top five vendors
Exhibit 30: eGym: Product segmentation
Exhibit 31: LES MILLS INTERNATIONAL: Product segmentation
Exhibit 32: Life Fitness: Product segmentation
Exhibit 33: Precor: Product and service segmentation
Exhibit 34: Technogym: Products and solutions segmentation
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • DRAPER
  • eGym
  • IncludeFitness
  • Johnson Health Tech
  • LES MILLS INTERNATIONAL
  • Life fitness
  • MORE
New Report Released: – Global Connected Gym Equipment Market 2017-2021

The author of the report recognizes the following companies as the key players in the global connected gym equipment market: eGym, LES MILLS INTERNATIONAL, Life fitness, Precor, and Technogym.

Other Prominent Vendors in the market are: DRAPER, IncludeFitness, IRONMAN Fitness & Paradigm Health & Wellness, Johnson Health Tech, and Nautilus.

Commenting on the report, an analyst from the research team said: “One trend in market is players collaborating with other technology companies for integrating smart features into gym equipment. Most connected gym equipment manufacturing companies are collaborating with technology companies for developing app-based gym equipment. Consumers prefer smart-connectivity gym equipment that monitors the workouts.”

According to the report, one driver in market is premium pricing of connected devices owing to value-added features. Connected gym equipment is priced high when compared to regular traditional gym equipment owing to the value-added connectivity features. For instance, Technogym announced app compatibility with Mapmyfitness and Runkeeper that allows users to experience connectivity between apps and Technogym equipment. Another player, LES MILLS INTERNATIONAL, offers LES MILLS SMARTBAND that suggests a correct technique to use the gym equipment. Due to these additional smart features, the price of these products is high when compared to traditional gym equipment.

Further, the report states that one challenges in market is long repurchase cycle and availability of used products. The replacement period for gym equipment is long. The average lifespan of gym equipment ranges between 8 and 12 years. Due to the higher average lifespan of gym equipment, consumers purchase gym equipment only when required. Consumers usually purchase gym equipment when setting up new gym centers or for their personal use. Gym equipment is meant for long-term use and generally does not require frequent replacements. Most branded gym equipment products have a higher lifecycle and they also offer replacement parts for damaged equipment. Consumers need to incur only maintenance costs for these over the years, which are usually minimal. This reduces the need for frequent purchase of gym equipment, which acts as a major growth barrier in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • eGym
  • LES MILLS INTERNATIONAL
  • Life fitness
  • Precor
  • Technogym
  • DRAPER
  • IncludeFitness
  • IRONMAN Fitness & Paradigm Health & Wellness
  • Johnson Health Tech
  • Nautilus.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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