Connected Gym Equipment Market Growth Analysis By Top Key Players: eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and Nautilus Inc.

The Global Connected Gym Equipment Market size is expected to reach $1,048 million by 2023, registering a CAGR of 31.1% during the forecast period. The continued growing health concerns among youth and adults, increased adoption of smartphones, growth in obesity, and increased number of gyms and health clubs drives the global connected gym equipment market. Moreover, increase in income in developing economies is expected to propel the growth of global connected gym equipment market during the forecast period. However, high cost of smart equipment impedes the growth of the connected gym equipment market.

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Increased adoption of smartphones, rise in health awareness, increase in obese population, and rapid growth in health clubs and gymnasiums drive the growth of the connected gym equipment market. In addition, increased disposable income across developing nations, such as Asia-Pacific and LAMEA is anticipated to create lucrative opportunities for the global connected gym equipment market. However, high cost of connected gym equipment hampers the connected gym equipment market growth.

Asia-Pacific has emerged as one of the largest growing markets in the global connected gym equipment market. Improvement in economic conditions in the region along with growth in disposable income are the key drivers of the market. Economic growth in several countries in LAMEA boosts the market growth. In addition, an increase in the number of millennial is projected to drive the growth of the market. Therefore, the untapped regions in Asia-Pacific and LAMEA possess huge growth prospects in the coming years.

Health clubs or gyms generated the maximum revenue in 2016. Increase in the number of health clubs and gyms significantly drive the world connected gym equipment market. Health clubs drive the market for both cardiovascular and strength training exercises. In the U.S., gym membership rates have witnessed decent increase in the recent years owing to increasing incidence of obesity, with 34,460 clubs and 55 million members in 2015. Increasing health awareness among the population has increased the number of gym goers.

Health clubs or gyms accounted for the maximum share in 2016. However, commercial users are projected to grow at a notable growth rate. It includes hotels, offices, public institutions, and hospitals. Hotels have emerged as a significant end user segment in other commercial users. The hotels have started with their integrations with fitness clubs and gymnasiums to provide an overall experience to the members. Business travelers are said to be one of the major end users of gym equipment in hotels, thereby providing a pleasant stay for the customers.

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The hoteliers have also initiated membership programmers to their frequent guests at affordable rates to increase their customer base. For instance, Trump Hotel, a U.S.-based luxury 5-star hotel, entered into a partnership with Technogym, a leading player in the market, to enhance travel experience of its health-conscious guests through its Trump Wellness Program.

The report includes comprehensive analysis of the key players in this market such as eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and Nautilus Inc.

LIST OF FIGURES

FIGURE 1. GLOBAL CONNECTED GYM EQUIPMENT MARKET: EXECUTIVE SUMMARY
FIGURE 2. CONNECTED GYM EQUIPMENT MARKET SEGMENTATION
FIGURE 3. TOP INVESTMENT POCKETS, BY REGION, 2016
FIGURE 4. TOP IMPACTING FACORS OF CONNECTED GYM EQUIPMENT MARKET
FIGURE 5. KEY PLAYERS POSITIONING, 2016
FIGURE 6. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 7. HIGH BARGAINING POWER OF BUYERS
FIGURE 8. MODERATE THREAT OF SUBSTITUTION
FIGURE 9. LOW THREAT OF NEW ENTRANT
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. MARKET DYNAMICS
FIGURE 12. NUMBER OF SMARTPHONE USERS WORLDWIDE (UNIT BILLION)
FIGURE 13. PREVALENCE OF BEING OVERWEIGHT (BMI >=25), IN ADULTS OVER 18 YEARS, 2010 & 2014
FIGURE 14. FITNESS CLUBS AND GYM MEMBERSHIPS IN THE U.S. (MILLION)
FIGURE 15. WORLD YOUTH POPULATION, AGES 15-24, BY REGION, 1970-2015
FIGURE 16. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM CARDIOVASCULAR TRAINING EQUIPMENT, BY COUNTRY SHARE, 2016 (%)
FIGURE 17. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM STRENGTH TRAINING EQUIPMENT, BY COUNTRY SHARE, 2016 (%)
FIGURE 18. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM OTHER EQUIPMENT, BY COUNTRY SHARE, 2016 (%)
FIGURE 19. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM RESIDENTIAL USERS, BY COUNTRY SHARE, 2016 (%)
FIGURE 20. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM GYM/HEALTH CLUBS, BY COUNTRY SHARE, 2016 (%)
FIGURE 21. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM COMMERCIAL USERS, BY COUNTRY SHARE, 2016 (%)
FIGURE 22. GLOBAL CONNECTED GYM EQUIPMENT MARKET, BY REGION, 2016 (%)
FIGURE 23. U.S. CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 24. CANADA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 25. MEXICO CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 26. UK CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 27. GERMANY CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 28. ITALY CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 29. FRANCE CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 30. REST OF EUROPE CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 31. CHINA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 32. INDIA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 33. JAPAN CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 34. KOREA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 35. REST OF ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 36. LATIN AMERICA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 37. MIDDLE EAST CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 38. AFRICA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 39. EGYM: REVENUE, 2014-2016 ($MILLION)
FIGURE 40. EGYM: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 41. EGYM: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 42. LES MILLS INTERNATIONAL: REVENUE, 2014-2016 ($MILLION)
FIGURE 43. LES MILLS INTERNATIONAL: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 44. LES MILLS INTERNATIONAL: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 45. LIFE FITNESS: REVENUE, 2014-2016 ($MILLION)
FIGURE 46. LIFE FITNESS: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 47. LIFE FITNESS: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 48. PRECOR: REVENUE, 2014-2016 ($MILLION)
FIGURE 49. PRECOR: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 50. PRECOR: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 51. TECHNOGYM: REVENUE, 2014-2016 ($MILLION)
FIGURE 52. TECHNOGYM: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 53. TECHNOGYM: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 54. DRAPER INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 55. DRAPER INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 56. DRAPER INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 57. INCLUDEFITNESS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 58. INCLUDEFITNESS INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 59. INCLUDEFITNESS INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 60. PARADIGM HEALTH & WELLNESS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 61. PARADIGM HEALTH & WELLNESS INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 62. PARADIGM HEALTH & WELLNESS INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 63. JOHNSON HEALTH TECH CO. LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 64. JOHNSON HEALTH TECH CO. LTD.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 65. JOHNSON HEALTH TECH CO. LTD.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 66. NAUTILUS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 67. NAUTILUS INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 68. NAUTILUS INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)

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