Connected Gym Equipment Market Expected to Reach $1,048 Million | By Top Leading Companies eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and

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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This global connected gym equipment market is segmented based on type, end user, and region. The type segment includes cardiovascular training equipment, strength training equipment, and other equipment. Based on end user, the market is classified into residential, gym/health clubs, and commercial users. The adoption of connected gym equipment is expected to increase among the population. Sedentary lifestyles and hectic schedule have led to the adoption of in-home equipment.

Exercising at home using smart treadmills, ellipticals, and other cardiovascular and strength training equipment saves gym membership expenses. However, space limitation and high cost of equipment restrain the connected gym equipment market growth of the home usage segment. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The Global Connected Gym Equipment Market in Europe is expected to grow steadily. The UK dominates the industry in Europe followed by Germany, France, and Italy. The increase in adoption of fitness exercises contributes to the growth of the connected gym equipment industry across the European region.

The European connected gym equipment market is dominated by UK, constituting around 6,312 health and fitness clubs. It is characterized with presence of high obese population fueling the growth of the connected gym equipment market in the region. In the cardio equipment category, rowing machines, exercise bikes, and cross trainers are popular. High-end products such as rowing machines featured with wireless heart rate receiver and adjustable water resistance have gained considerable popularity in the UK. The major foreign companies operating in the UK include Technogym, Brunswick Corporation, Amer Sports, and others.

As per a recent research, in 2014, about 20 million women were reported to be obese as compared to 9.8 million men. However, lower prevalence rate of obesity and lower urbanization rate of India as compared to China and Japan have restricted the penetration of connected gym equipment in the region. As per a study, in 2011, the number of health clubs were reported to be around 3,800, and the total number of memberships were in the range of 0.94-0.95 million. Moreover, as per recent statistics, in 2014, about 41% of the population are present in the age group of 18-45 years, and 25% of the population belong to the age group of 45 years. This has led to relatively higher penetration of strength over cardiovascular equipment in the region.

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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.

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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