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Connected Gym Equipment Market

This report provides an in-depth analysis of the global connected gym equipment market to identify the potential investment pockets.

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Connected Gym Equipment Market

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  1. Connected Gym Equipment Market Opportunities and Forecasts, 2017 – 2023

  2. Connected Gym Equipment Market Improvement in economic condition and growing health concerns are the two key factors that propel the growth of the connected gym equipment market. The growing health awareness and need for an active lifestyle worldwide is a key driver for the growth of the connected gym equipment market. Sedentary lifestyle, changing eating habits have led to various health risks. Therefore, increase in awareness regarding regular physical activity along with good habits to stay healthy, to maintain a youthful appearance, and to reduce healthcare expenditure have raised the demand for smart gym equipment at residential and commercial spaces. In addition, significant count of geriatric population in the developed and developing countries also use unique fitness equipment to improve their cardiovascular conditions. This trend is also significantly driving the market for smartphones, WiFi enabled gym equipment.  - Biswa Sinha , Sr. Research Analyst, Consumer Goods at AMR

  3. Connected Gym Equipment MARKET OVERVIEW • According to a new report published by Allied Market Research, titled, Connected Gym Equipment Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the connected gym equipment market size was valued at $159 million in 2016, and is projected to reach $1,048 million by 2023, growing at a CAGR of 31.1% from 2017 to 2023. Cardiovascular training equipment in the global connected gym equipment market possesses a strong customer base.  • Increased adoption of smartphones, rise in health awareness, increase in obese population, and rapid growth in health clubs and gymnasiums drive the growth of the connected gym equipment market. In addition, increased disposable income across developing nations, such as Asia-Pacific and LAMEA is anticipated to create lucrative opportunities for the global connected gym equipment market. However, high cost of connected gym equipment hampers the connected gym equipment market growth. • Read more at : https://www.alliedmarketresearch.com/press-release/connected-gym-equipment-market.html

  4. Connected Gym Equipment MARKET KEY BENEFITS • This report provides an in-depth analysis of the global connected gym equipment market to identify the potential investment pockets. • It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold. • Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated. • Quantitative analysis of the market from 2016 to 2023 is highlighted to recognize the financial competency of the market. • Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

  5. Connected Gym Equipment MARKET KEY FINDINGS • In 2016, strength training equipment was the second highest revenue generating product type, and is projected to grow at a CAGR of 30.0 % during the forecast period. • Elliptical under cardiovascular training equipment is expected to grow at the highest CAGR of 33.5%. • Health clubs or gyms accounted for more than 40% of market share in 2016, and is expected to dominate the global market by 2023. • Japan is the major shareholder in the Asia-Pacific Connected Gym Equipment industry, and accounted for around 33% share in 2016.

  6. Connected Gym Equipment Market by Geography

  7. Connected Gym Equipment Market by Type

  8. Connected Gym Equipment Market by End User

  9. KEY PLAYERS IN INDUSTRY • eGym, Les Mills International • Life fitness, Precor • Technogym, Draper Inc. • IncludeFitness Inc. • Paradigm Health & Wellness Inc. • Johnson Health Tech Co. Ltd. • and Nautilus Inc. • Get PDF Brochure of this Report : • https://www.alliedmarketresearch.com/request-sample/4296

  10. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/ Follow Us On

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