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iCrowdNewswire Oct 29, 2020 1:40 AM ET

Connected Gym Equipment Market Experience Significant Growth | eGym, Les Mills International, Life fitness, Precor


iCrowd Newswire - Oct 29, 2020

The ‘ Connected Gym Equipment market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Connected Gym Equipment market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Connected Gym Equipment market size forecast, market data&Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.

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COVID-19 has had a massive impact on society since the beginning of 2020. This report considers the impact of COVID-19 and the economic slowdown created due to lockdown in various countries. The report discusses technological factors, competitive factors and economic trends affecting the market. A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

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. Gym equipment connected to a software or application that records the workout of an individual and displays the data is called connected gym equipment. Connected gym equipment are set automatically, following an initial adjustment, to prevent incorrect and potentially harmful seating positions. Exercise station has a touch-operation screen, which displays the optimal sequence of movements. The equipment is connected to the internet and automatically transmits all training data to the trainers app. Thus, it helps to keep a track of workout goals, create personalized exercise plans, and record health history.

According to International Health, Racquet, and Sportsclub Association (IHRSA), in 2014, the number of fitness club memberships in the U.S. increased to 54.1 million, from 51.4 million in 2011. Rise in fitness consciousness and increase in level of health awareness is expected to significantly drive the connected gym equipment market. Improved lifestyle, coupled with rise in disposable income of individuals accelerates the market growth. However, high cost of connected gym equipment majorly restricts the market. Growth in fitness industry in Asia-Pacific is expected to open new avenues for the market players.

The global connected gym equipment market is segmented on the basis of type, end user, and geography. The type segment includes cardiovascular training equipment, strength training equipment, and other equipment. In 2016, Treadmills, ellipticals, stationary bike, rowing machine and others have witnessed the maximum revenue generation in 2016. The growth in number of obese population has resulted into huge demand of connected cardiovascular equipment at both residential and commercial spaces. Thus, cardiovascular training equipment generated the maximum revenue. Based on end user, the global connected gym equipment market is classified into residential, gym/health clubs, and commercial users. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report includes comprehensive analysis of the key players in the connected gym equipment 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.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an in-depth analysis of the global connected gym equipment market to identify the potential investment pockets.

It outlines the current trends and future scenarios to determine the connected gym equipment market potential and gain stronger market foothold.

Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.

Quantitative analysis of the connected gym equipment industry from 2016 to 2023 is highlighted to recognize the financial competency of the market.

Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

KEY MARKET SEGMENTS

By Type

 Cardiovascular training equipment

 Strength training equipment

 Other equipment

By End User

 Residential

 Gym/health clubs

 Commercial users

Key Market Players

 eGym

 Les Mills International

 Life fitness

 Precor

 Technogym

 Draper Inc.

 IncludeFitness Inc.

 Paradigm Health & Wellness Inc.

 Johnson Health Tech Co. Ltd.

 Nautilus Inc.

THE OTHER PLAYERS IN THE MARKET INCLUDE THE FOLLOWING:

Viva Fitness

Aerofit

NordicTrack

Sole Fitness

Cybex International, Inc.

Woodway USA

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

Impact of COVID-19 on the Global Market

The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The detailed research report is focused upon all direct and indirect impact of COVID-19 with new product launches, pipeline analysis, supply chain overview, government regulations, strategies adopted by related market players and upcoming vaccines and drug status. Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.(*If you have any special requirements, please let us know and we will offer you the report as you want.)

(Check Our Exclusive Offer: Ask for Discount to our Representative)

https://www.reportocean.com/industry-verticals/sample-request?report_id=31729

Furthermore, the years considered for the study are as follows:

Historical year – 2014-2019 | Base year – 2019 | Forecast period** – 2020 to 2025 [** unless otherwise stated]

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Connected Gym Equipment Market Report: Study Explore COVID 19 Outbreak Impact Analysis

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. KEY BENEFITS FOR STAKEHOLDERS

1.3. KEY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research

1.4.2. Primary research

1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1. Top Investment pockets

3.2.2. Top winning strategies

3.2.3. Top impacting factors

3.3. KEY PLAYERS POSITIONING, 2016

3.4. PORTERS FIVE FORCES ANALYSIS

3.4.1. Bargaining powers of suppliers

3.4.2. Bargaining powers of buyers

3.4.3. Threat of substitution

3.4.4. Low threat of new entrant

3.4.5. High competitive rivalry

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increased adoption of smartphones

3.5.1.2. Rising health awareness

3.5.1.3. Increase in obese population

3.5.1.4. Growth in number of gyms and fitness clubs

3.5.2. Restraints

3.5.2.1. High cost of connected gym equipment

3.5.3. Opportunities

3.5.3.1. Rise in disposable income across developing economies

CHAPTER 4 CONNECTED GYM EQUIPMENT MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. CARDIOVASCULAR TRAINING EQUIPMENT

4.2.1. Key market trends, growth factors and opportunities

4.2.2. Market size and forecast, by region

4.2.3. Market size and forecast, by country

4.2.4. Treadmill

4.2.5. Elliptical

4.2.6. Stationary bike

4.2.7. Others

4.3. STRENGTH TRAINING EQUIPMENT

4.3.1. Key market trends, growth factors and opportunities

4.3.2. Market size and forecast, by region

4.3.3. Market size and forecast, by country

4.4. OTHERS

4.4.1. Key market trends, growth factors and opportunities

4.4.2. Market size and forecast, by region

4.4.3. Market size and forecast, by country

CHAPTER 5 CONNECTED GYM EQUIPMENT MARKET, BY END USER

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. RESIDENTIAL

5.2.1. Key market trends, growth factors and opportunities

5.2.2. Market size and forecast, by region

5.2.3. Market size and forecast, by country

5.3. GYM

5.3.1. Key market trends, growth factors and opportunities

5.3.2. Market size and forecast, by region

5.3.3. Market size and forecast, by country

5.4. OTHER COMMERCIAL USERS

5.4.1. Key market trends, growth factors and opportunities

5.4.2. Market size and forecast, by region

5.4.3. Market size and forecast, by country

CHAPTER 6 CONNECTED GYM EQUIPMENT MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors and opportunities

6.2.2. Market size and forecast, by type

6.2.3. Market size and forecast, by end user

6.2.4. Market size and forecast, by country

6.2.4.1. U.S.

6.2.4.2. Canada

6.2.4.3. Mexico

6.3. EUROPE

6.3.1. Key market trends, growth factors and opportunities

6.3.2. Market size and forecast, by type

6.3.3. Market size and forecast, by end user

6.3.4. Market size and forecast, by country

6.3.4.1. UK

6.3.4.2. Germany

6.3.4.3. Italy

6.3.4.4. France

6.3.4.5. Rest of Europe

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors and opportunities

6.4.2. Market size and forecast, by type

6.4.3. Market size and forecast, by end user

6.4.4. Market size and forecast, by country

6.4.4.1. China

6.4.4.2. India

6.4.4.3. Japan

6.4.4.4. Korea

6.4.4.5. Rest of Asia-Pacific

6.5. LAMEA

6.5.1. Key market trends, growth factors and opportunities

6.5.2. Market size and forecast, by type

6.5.3. Market size and forecast, by end user

6.5.4. Market size and forecast, by country

6.5.4.1. Latin America

6.5.4.2. Middle East

6.5.4.3. Africa

CHAPTER 7 COMPANY PROFILES

7.1. EGYM

7.1.1. Company overview

7.1.2. Company snapshot

7.1.3. Operating business segments

7.1.4. Product portfolio

7.1.5. Business performance

7.1.6. Key strategic moves & developments

7.2. LES MILLS INTERNATIONAL

7.2.1. Company overview

7.2.2. Company snapshot

7.2.3. Operating business segments

7.2.4. Product portfolio

7.2.5. Business performance

7.2.6. Key strategic moves & developments

7.3. LIFE FITNESS

7.3.1. Company overview

7.3.2. Company snapshot

7.3.3. Operating business segments

7.3.4. Product portfolio

7.3.5. Business performance

7.3.6. Key strategic moves & developments

7.4. PRECOR

7.4.1. Company overview

7.4.2. Company snapshot

7.4.3. Operating business segments

7.4.4. Product portfolio

7.4.5. Business performance

7.4.6. Key strategic moves & developments

7.5. TECHNOGYM

7.5.1. Company overview

7.5.2. Company snapshot

7.5.3. Operating business segments

7.5.4. Product portfolio

7.5.5. Business performance

7.5.6. Key strategic moves & developments

7.6. DRAPER INC.

7.6.1. Company overview

7.6.2. Company snapshot

7.6.3. Operating business segments

7.6.4. Product portfolio

7.6.5. Business performance

7.6.6. Key strategic moves & developments

7.7. INCLUDEFITNESS INC.

7.7.1. Company overview

7.7.2. Company snapshot

7.7.3. Operating business segments

7.7.4. Product portfolio

7.7.5. Business performance

7.7.6. Key strategic moves & developments

7.8. PARADIGM HEALTH & WELLNESS INC.

7.8.1. Company overview

7.8.2. Company snapshot

7.8.3. Operating business segments

7.8.4. Product portfolio

7.8.5. Business performance

7.8.6. Key strategic moves & developments

7.9. JOHNSON HEALTH TECH CO. LTD.

7.9.1. Company overview

7.9.2. Company snapshot

7.9.3. Operating business segments

7.9.4. Product portfolio

7.9.5. Business performance

7.9.6. Key strategic moves & developments

7.10. NAUTILUS INC.

7.10.1. Company overview

7.10.2. Company snapshot

7.10.3. Operating business segments

7.10.4. Product portfolio

7.10.5. Business performance

7.10.6. Key strategic moves & developments

……..and view more in complete table of Contents

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