Connected Gym Equipment Market Size To Be Valued At $5.96 Billion By 2025 Owing To Growing Health Consciousness & Rising Digitalization Of Gym Equipment | Million Insights

Among products, in 2018, cardiovascular equipment held the largest market share and accounted for over half of the total market share in terms of revenue. Increasing trend to use several cardiovascular devices including elliptical, rowing machines, arm bikes, upright bikes, and treadmill to lose weight, maintain blood pressure, heart health is anticipated to drive the segment growth. In addition, increasing concern about cardiovascular diseases among adults due to hectic lifestyle and fluctuation in climate is anticipated to promote investing in various gym equipment.

Among products, in 2018, cardiovascular equipment held the largest market share and accounted for over half of the total market share in terms of revenue. Increasing trend to use several cardiovascular devices including elliptical, rowing machines, arm bikes, upright bikes, and treadmill to lose weight, maintain blood pressure, heart health is anticipated to drive the segment growth. In addition, increasing concern about cardiovascular diseases among adults due to hectic lifestyle and fluctuation in climate is anticipated to promote investing in various gym equipment.

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In the application segment of the market, the commercial sector held the largest market share of more than 80.0%, in 2018. This segment included hotels, hospitals, and health clubs. The number of fitness club s is increasing across the world, thereby expected to fuel the market growth in the next few years.

Asia Pacific is projected to grow with the fastest CAGR of more than 33.0% during the forecast period. Increasing the importance of health along with rising purchasing power of individuals is expected to boost the regional market growth, especially in India, China, Australia, and Japan. The increasing number of small as well as large fitness centers is projected to drive the demand for connected gym equipment. Organizations like offices, schools, and hotels are installing a fitness center, thereby expected to spur market growth.

Key players operating in connected gym equipment market are Precor Incorporated; Star Trac UK Ltd.; Equinox Fitness; Cybex International; Les Mills International; Life Fitness; Paradigm Health & Wellness; and Draper, Inc.

Further key findings from the report suggest:

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Million Insights has segmented the global connected gym equipment market report on the basis of product, application, and region:

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