LONDON--(BUSINESS WIRE)--Technavio has been monitoring the connected gym equipment market and it is poised to grow by $ 7.50 bn during 2020-2024, progressing at a CAGR of over 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the connected gym equipment market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
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What are the major trends in the market?
collaborations between vendors and other tech companies to integrate smart features into gym equipment is a major trend driving the growth of the market.
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At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 22% and the incremental growth of the market is anticipated to be $ 7.50 bn.
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Who are the top players in the market?
Cybex International Inc., Draper Inc., EGYM Inc., Johnson Health Tech Inc., Les Mills International Ltd., Life fitness, Nautilus Inc., Paradigm Health and Wellness Inc., Precor Inc., and TECHNOGYM Spa, are some of the major market participants.
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What is the key market driver?
The technological advances in connected gym equipment is one of the major factors driving the market.
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How big is the Europe market?
The Europe region will contribute 33% of the market share.
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View market snapshot before purchasing
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Cybex International Inc., Draper Inc., EGYM Inc., Johnson Health Tech Inc., Les Mills International Ltd., Life fitness, Nautilus Inc., Paradigm Health and Wellness Inc., Precor Inc., and TECHNOGYM Spa are some of the major market participants. The technological advances in connected gym equipment will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this connected gym equipment market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Connected Gym Equipment Market 2020-2024: Segmentation
Connected Gym Equipment Market is segmented as below:
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Product
- Cardiovascular Training Equipment
- Strength Training Equipment
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Geography
- North America
- Europe
- APAC
- MEA
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44089
Connected Gym Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The connected gym equipment market report covers the following areas:
- Connected Gym Equipment Market Size
- Connected Gym Equipment Market Trends
- Connected Gym Equipment Market Industry Analysis
This study identifies collaborations between vendors and other tech companies to integrate smart features into gym equipment as one of the prime reasons driving the connected gym equipment market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Connected Gym Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist connected gym equipment market growth during the next five years
- Estimation of the connected gym equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the connected gym equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of connected gym equipment market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Cardiovascular training equipment - Market size and forecast 2019-2024
- Strength training equipment - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential users - Market size and forecast 2019-2024
- Commercial users - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Cybex International Inc.
- Draper Inc.
- EGYM Inc.
- Johnson Health Tech Inc.
- Les Mills International Ltd.
- Life fitness
- Nautilus Inc.
- Paradigm Health and Wellness Inc.
- Precor Inc.
- TECHNOGYM Spa
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
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List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
