Global Connected Gym Equipment Market to Reach $829.7 Million by 2027
In the changed post COVID-19 business landscape, the global market for Connected Gym Equipment estimated at US$566 Million in the year 2020, is projected to reach a revised size of US$829.7 Million by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Cardiovascular Training Equipment, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$494.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Strength Training Equipment segment is readjusted to a revised 5% CAGR for the next 7-year period.The U.S. Market is Estimated at $167 Million, While China is Forecast to Grow at 5.2% CAGR
The Connected Gym Equipment market in the U.S. is estimated at US$167 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$145.8 Million by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.Other Segments Segment to Record 4.5% CAGR
In the global Other Segments segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$60 Million in the year 2020 will reach a projected size of US$81.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 42 Featured) -
- Draper, Inc.
- eGym GmbH
- Johnson Health Tech Co., Ltd.
- Les Mills International Ltd.
- Life Fitness
- Nautilus, Inc.
- Paradigm Health & Wellness
- Precor, Inc.
- Technogym SpA
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 244 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 566 Million |
Forecasted Market Value ( USD | $ 829.7 Million |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
A selection of companies mentioned in this report includes:
- Draper, Inc.
- eGym GmbH
- Johnson Health Tech Co., Ltd.
- Les Mills International Ltd.
- Life Fitness
- Nautilus, Inc.
- Paradigm Health & Wellness
- Precor, Inc.
- Technogym SpA