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North America Connected Gym Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and End-Users

North America Connected Gym Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and End-Users

  • July 2021
  • 105 pages
  • ID: 6134723
  • Format: PDF
  • The Insight Partners

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The North America connected gym equipment market is expected to grow from US$ 216.89 million in 2021 to US$ 1,084.17 million by 2028; it is estimated to grow at a CAGR of 25.8% from 2021 to 2028. The growing technological advancement in connected gym equipment is expected to surge the North America connected gym equipment market. It is true that people must manage their health, but they have very limited time to do physical activities and exercises considering their busy schedule. Connected gym equipment helps the user to save their time and do their work out effectively. Integration of gym equipment with smart devices has made gyming quite easier. Users can just leave for a walk and monitor the distance travelled, time travelled and number of steps on their smart watch. Few new Peloton Bike+ and iFit-powered NordicTrack devices, can adjust users’ resistance and/or speed automatically, so that they do not need to fiddle with buttons or knobs during the workout session. Some latest equipment has also got heart rate monitors, so that one can glance at the screen to how hard they are working out. Popular fitness apps like Strava and Fitbit are used for keeping all stats at one place. Smart treadmills allow several types of exercises on a one machine. Such exercises include jogging, running, walking, sprinting, and even simulated hiking if one has a machine that can incline. Using high speed internet, users can connect and workout together from different parts of the North America at the same time. With smart mirrors for a Yoga classes, one can see the instructor as well as his/her own reflection in the mirror, thus making it easy to check the postures. All these factors are estimated to boost the North America market growth during the forecast period.
In case of COVID-19, North America is highly affected specially the US, with several thousands of infected people facing critical health problems across the entire country.Rising number of corona cases had also compelled the government to impose lockdown across the borders of the nation.

Since gyms are closed, professional trainers, gym owners, and supporting staff are facing serious troubles.Owners are finding it difficult to pay rents, bank loans, salaries of employees and electricity bills.

Many boutique gyms operate on small margins and hence this pandemic has posed a big question on their existence itself.The brick-and-mortar gyms in the US constitute the highest share of country’s fitness industry and has suffered the most.

Since uncertainty of this virus still prevails, there has been a need for the fitness industry to restructure itself in accordance with changing times. Many have already started going creative and digital with online streaming of sessions for their users from various locations. Despite all these, there was sever impact on the growth of the connected gym equipment market in this region.
Based on type, the cardiovascular training segment led the North America connected gym equipment market in 2020.Physical conditioning that exercises the lungs, heart, and blood vessels is involved in Cardiovascular Training.

Users utilize a broad range of connected cardiovascular equipment, such as elliptical, treadmills, upright bikes, arm bikes, alternative motion machines and rowing machines.They utilize this equipment for improving health of their heart, lowering blood pressure, and losing body weight.

Expenditure on various types of gym equipment is expected to rise considering increasing concerns about cardiovascular disorders in youngsters all over the world because of fluctuating climate conditions and busy work life.Cardio gym equipment contains various programs, features and settings that are often not utilized effectively.

Connected machines helps the users to achieve the advantages of various cardio training programs that can be customized as per an individual’s need. Users can also track their performance and progress by regular cardio tests and make required changes to their routine. Cardiovascular machines and training tools have got tremendous scope considering above mentioned factors and are expected to boost the growth of the North America connected gym equipment market.
The overall North America connected gym equipment market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America connected gym equipment market.

The process also serves the purpose of obtaining overview and forecast for the North America connected gym equipment market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America connected gym equipment market. Cybex International, Inc.; Draper, Inc.; EGYM; Johnson Health Tech; LES MILLS INTERNATIONAL LTD; Life Fitness; Nautilus, Inc.; Precor Incorporated; Technogym S.p.A; and TRUE Fitness Technology, Inc. are among a few players operating in the North America connected gym equipment market.

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