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Global Connected Gym Equipment Industry

Global Connected Gym Equipment Industry

  • September 2020
  • 142 pages
  • ID: 5956436
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Global Connected Gym Equipment Market to Reach US$1.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Connected Gym Equipment estimated at US$255.7 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 28.3% over the analysis period 2020-2027.Cardiovascular Training Equipment, one of the segments analyzed in the report, is projected to grow at a 29.7% CAGR to reach US$913.5 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Strength Training Equipment segment is readjusted to a revised 26.9% CAGR for the next 7-year period. This segment currently accounts for a 29.3% share of the global Connected Gym Equipment market.

The U.S. Accounts for Over 30% of Global Market Size in 2020, While China is Forecast to Grow at a 27.5% CAGR for the Period of 2020-2027

The Connected Gym Equipment market in the U.S. is estimated at US$76.8 Million in the year 2020. The country currently accounts for a 30.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$250.2 Million in the year 2027 trailing a CAGR of 27.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.4% and 24.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.8% CAGR while Rest of European market (as defined in the study) will reach US$250.2 Million by the year 2027.

Other Equipment Segment Corners a 13% Share in 2020

In the global Other Equipment segment, USA, Canada, Japan, China and Europe will drive the 24.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$26.6 Million in the year 2020 will reach a projected size of US$124.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$173.1 Million by the year 2027.We bring years of research experience to this 9th edition of our report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Draper, Inc.
  • eGym GmbH
  • Johnson Health Tech Co., Ltd.
  • Les Mills International Ltd.
  • Life Fitness
  • Nautilus, Inc.
  • Paradigm Health & Wellness
  • Precor, Inc.
  • Technogym SpA

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