When the gym equipment is connected to an application, which records the workouts and displays the data about workouts, then it is called connected gym equipment. Fitness enthusiasts prefer the connected gym equipment as they can track their performance; this factor is also gaining demand for the connected gym equipment market. The connected gym equipment monitors the performance of the user so that they can improve their performance. In addition, the increasing number of fitness club boosting the demand for connected gym equipment market.
Rise in fitness awareness, and increasing in the level of health awareness, rising demand for the connected gym equipment. The connected gym equipment is gaining popularity owing to benefits that it collects, stores data on the server, which accessible from anywhere. The small health club not upgrading its system due to its high cost that is the key hindering factor for the growth of the connected gym equipment market. Fitness club adopting the latest technology for attracting the new customers that are also growing the market demand of the connected gym equipment market.
EGYM GMBH, LES MILES INTERNATIONAL, LIFE FITNESS, PRECOR INCORPORATED AND CYBEX INTERNATIONAL – PROMINENT MARKET PARTICIPANTS IN CONNECTED GYM EQUIPMENT MARKET
The global connected gym equipment market is segmented based on type and end-user. Based on type the market is segmented as cardiovascular training, strength training, others. On the basis of end-user, the market is segmented as residential, gym, other commercial user.
The global Connected gym equipment market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. North America holds the dominant share in the Connected gym equipment market, whereas APAC is expected to be the fastest-growing region in the global market. Earlier, people didn’t have to take out dedicated time for exercise. Their daily routine was enough to burn those extra calories. Barring few jobs like product delivery, nursing, surgery, and some farming activities, almost all jobs in today’s time are moving towards sedentary work style. This is happening because automation is taking place in almost every walk of life. These all has given rise to insufficient physical activity among individuals. Insufficient physical activity in daily life is considered as one of the major risk factors for death all over the world. Inadequate physical activity is a crucial risk factor involved with non-communicable diseases (NCDs) like cancer, diabetes, and cardiovascular diseases. It also invites unwanted obesity in many people at very young age.
Earlier, people didn’t have to take out dedicated time for exercise. Their daily routine was enough to burn those extra calories. Barring few jobs like product delivery, nursing, surgery, and some farming activities, almost all jobs in today’s time are moving towards sedentary work style. This is happening because automation is taking place in almost every walk of life. These all has given rise to insufficient physical activity among individuals. Insufficient physical activity in daily life is considered as one of the major risk factors for death all over the world. Inadequate physical activity is a crucial risk factor involved with non-communicable diseases (NCDs) like cancer, diabetes, and cardiovascular diseases. It also invites unwanted obesity in many people at very young age.
The top five companies in the Connected gym equipment market include Egym Gmbh, Les Miles International, Life Fitness, Precor Incorporated and Cybex International. The above listing of key players is derived by considering multiple factors such as overall revenue, current Connected gym equipment portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. Major players operating in the global connected gym equipment market include EGYM; Life Fitness; LES MILLS INTERNATIONAL LTD; Technogym S.p.A; Precor Incorporated; Cybex International, Inc.; Johnson Health Tech; Draper, Inc.; Nautilus, Inc.; and TRUE Fitness Technology, Inc.
In North America, advanced technology is going to support the adoption of digitally connected gym equipment to a large extent. United States and Canada together have the largest number of fitness clubs in the world (approximately 35,000–38,000).
The craze for connected fitness experience is increasing especially in youngsters and many companies are incorporating digital technologies in their machines. Developments in technologies, such as AI, cloud and wearable technology are expected to increase the implementation of modern exercise techniques which provide immersive workout experiences. In October 2019, a digital platform JRNY was launched by Nautilus which uses AI for offering customized workouts. The equipment adjusts automatically according to the user.
