HTF MI recently introduced Global Connected Gym Equipment Market study with 123+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Les Mills International Ltd. (New Zealand), Nautilus Inc. (United States), Brunswick Corporation (United States), Core Health & Fitness LLC (United States), Draper Inc. (United States), EGYM (United States), Johnson Health Tech Co. Ltd. (United States), TRUE Fitness Technology Inc. (United States), Paradigm Health & Wellness (United States), Precor Incorporated (Peloton Interactive Inc.) (United States), Technogym (Italy), Cybex International, Inc. (United States), Blue Goji Corp. (United States), SoulCycle (United States), Tonal Systems Inc. (United States).
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According to HTF Market Intelligence, the Global Connected Gym Equipment market to witness a CAGR of 29.8% during forecast period of 2024-2030. The market is segmented by Application (Residential, Health Clubs/Gyms, Other Commercial Users) by Type (Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment) by Equipment type (Cardiovascular training equipment, Strength training equipment, Others) by End-user (Commercial, Residential) by Distribution type (Online, Offline) by Connectivity type (Wi-Fi, Bluetooth, Ethernet, RDFI and NFC, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
According to the World Health Organization, cardiovascular diseases is one of the major causes of deaths. Organizations in Europe are promoting a healthy lifestyle through sports activities inculcating gym equipment’s. As a result, an increasing number of individuals are actively engaging in physical activities such as signing up for workout programs and packages or just exercising independently. In this context, Connected gym equipment is manufactured which is basically linked 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 an individual is performing in the gym. This equipment allows the user to monitor the workout session in real time and help to improve the performance and collects workout data.
Market Trends:
- Wi-Fi Enabled Gym Equipment and Adoption of Smart Fitness Wears
- Rapid Growth in Health Clubs and Gym Centers
- Growing Urbanization Rate and Demand for Fitness Tracking Devices
Market Drivers:
- Growing Health Concerns and Need for an Active Lifestyle
- Increasing Awareness Regarding Regular Physical Activities
- Rising Obese Populations and Fitness Enthusiast
- High Penetration Rate of Smartphones
Market Opportunities:
- The Upsurge in Disposable Income of Consumers
- Improvement in Economic Conditions in Emerging Economies
- Rising Number of New Start-Up Gyms
- Introduction of New Connected Gym Devices
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Connected Gym Equipment market segments by Types: Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment
Detailed analysis of Connected Gym Equipment market segments by Applications: Residential, Health Clubs/Gyms, Other Commercial Users
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Connected Gym Equipment Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Connected Gym Equipment Market:
Chapter 01 – Connected Gym Equipment Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Connected Gym Equipment Market – Pricing Analysis
Chapter 05 – Global Connected Gym Equipment Market Background or History
Chapter 06 — Global Connected Gym Equipment Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Connected Gym Equipment Market
Chapter 08 – Global Connected Gym Equipment Market Structure & worth Analysis
Chapter 09 – Global Connected Gym Equipment Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Connected Gym Equipment Market Research Methodology
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