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Global Connected Gym Equipment Market 2017-2021

Global Connected Gym Equipment Market 2017-2021

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.

Technavio’s 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
Technavio's 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 driver
  • Increasing smartphone penetration and the growing demand for connected gym services.
  • For a full, detailed list, view our report
Market challenge
  • Low awareness about connected gym equipment in developing economies.
  • For a full, detailed list, view our report
Market trend
  • Compatibility with different mobile operating systems.
  • For a full, detailed list, view our 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Connected Gym Equipment Market 2017-2021

Technavio 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 Technavio’s 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.

Companies Mentioned

eGym, LES MILLS INTERNATIONAL, Life fitness, Precor, Technogym, DRAPER, IncludeFitness, IRONMAN Fitness & Paradigm Health & Wellness, Johnson Health Tech, and Nautilus.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Economic indicators
    • Global economic indicators
      • Table World: Key economic indicators 2015
      • Table World internet penetration rate 2010-2015 (% share per 100 people)
      • Table World mobile cellular subscription rate 2010-2015 (% share per 100 people)
      • Table Global urban population 2010-2015 (% of total population)
  • Market landscape
    • Market overview
      • Table Global connected gym equipment market: An overview
    • Market size and forecast
      • Table Global connected gym equipment market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global connected gym equipment market by end-users
      • Table Global connected gym equipment market by end-users 2016 (% share of revenue)
      • Table Global connected gym equipment market by end-users 2021 (% share of revenue)
      • Table Global connected gym equipment market by end-users 2016-2021 (% share of revenue)
      • Table Global connected gym equipment market by end-users 2016-2021 ($ millions)
    • Global connected gym equipment market for commercial users
      • Table Global connected gym equipment market for commercial users 2016-2021 ($ millions)
    • Global connected gym equipment market for residential users
      • Table Global connected gym equipment market for residential users 2016-2021 ($ millions)
  • Market segmentation by products
    • Global connected gym equipment market by products
      • Table Global connected gym equipment market by products 2016 and 2021 (% share of revenue)
      • Table Global connected gym equipment market by products 2016 and 2021 ($ millions)
  • Geographical segmentation
    • Global connected gym equipment market by geography
      • Table Global connected gym equipment market by geography 2016 (% share of revenue)
      • Table Global connected gym equipment market by geography 2021 (% share of revenue)
      • Table Global connected gym equipment market by geography 2016-2021 (% share of revenue)
      • Table Global connected gym equipment market by geography 2016-2021 ($ millions)
    • Connected gym equipment market in Americas
      • Table Connected gym equipment market in Americas 2016-2021 ($ millions)
    • Connected gym equipment market in EMEA
      • Table Connected gym equipment market in EMEA 2016-2021 ($ millions)
    • Connected gym equipment market in APAC
      • Table Connected gym equipment market in APAC 2016-2021 ($ millions)
  • Key leading countries
    • Germany
    • US
    • Japan
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Factors enabling the growth of connectivity-enabled innovations
      • Table Global smartphone penetration
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • 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
      • Table Global smartphone segmentation by operating systems 2016
  • Vendor landscape
    • Competitive scenario
    • Key strategies enabling market's growth
    • Key players in the global connected gym equipment market
      • Table Key players in the global connected gym equipment market
    • Competitive assessment of top five vendors
      • Table Competitive assessment of top five vendors
  • Key vendor analysis
    • eGym
      • Table eGym: Product segmentation
    • LES MILLS INTERNATIONAL
      • Table LES MILLS INTERNATIONAL: Product segmentation
    • Life Fitness
      • Table Life Fitness: Product segmentation
    • Precor
      • Table Precor: Product and service segmentation
    • Technogym
      • Table Technogym: Products and solutions segmentation
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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