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Connected Gym Equipment Market by Type (Cardiovascular Training Equipment, Strength Training Equipment, and Other Equipment) and End User (Residential, Health Clubs/Gyms, and Commercial Users) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Pages: 138
Jan 2018 | 2448 Views
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Author's : Yash Doshi and Smriti Loomba
Tables: 57
Charts: 68
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Connected Gym Equipment Market Overview:

The Global Connected Gym Equipment Market size is expected to reach $1,048 million by 2023, registering a CAGR of 31.1% during the forecast period. The continued growing health concerns among youth and adults, increased adoption of smartphones, growth in obesity, and increased number of gyms and health clubs drives the global connected gym equipment market. Moreover, increase in income in developing economies is expected to propel the growth of global connected gym equipment market during the forecast period. However, high cost of smart equipment impedes the growth of the connected gym equipment market.

This global connected gym equipment market is segmented based on type, end user, and region. The type segment includes cardiovascular training equipment, strength training equipment, and other equipment. Based on end user, the market is classified into residential, gym/health clubs, and commercial users. The adoption of connected gym equipment is expected to increase among the population. Sedentary lifestyles and hectic schedule have led to the adoption of in-home equipment.

Exercising at home using smart treadmills, ellipticals, and other cardiovascular and strength training equipment saves gym membership expenses. However, space limitation and high cost of equipment restrain the connected gym equipment market growth of the home usage segment. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global connected gym equipment market in Europe is expected to grow steadily. The UK dominates the industry in Europe followed by Germany, France, and Italy. The increase in adoption of fitness exercises contributes to the growth of the connected gym equipment industry across the European region.

The European connected gym equipment market is dominated by UK, constituting around 6,312 health and fitness clubs. It is characterized with presence of high obese population fueling the growth of the connected gym equipment market in the region. In the cardio equipment category, rowing machines, exercise bikes, and cross trainers are popular. High-end products such as rowing machines featured with wireless heart rate receiver and adjustable water resistance have gained considerable popularity in the UK. The major foreign companies operating in the UK include Technogym, Brunswick Corporation, Amer Sports, and others.

As per a recent research, in 2014, about 20 million women were reported to be obese as compared to 9.8 million men. However, lower prevalence rate of obesity and lower urbanization rate of India as compared to China and Japan have restricted the penetration of connected gym equipment in the region. As per a study, in 2011, the number of health clubs were reported to be around 3,800, and the total number of memberships were in the range of 0.94-0.95 million. Moreover, as per recent statistics, in 2014, about 41% of the population are present in the age group of 18-45 years, and 25% of the population belong to the age group of 45 years. This has led to relatively higher penetration of strength over cardiovascular equipment in the region. The region is expected to witness significant adoption of cardiovascular as well as strength equipment due to the booming youth population and increasing health consciousness among individuals in this region. Thus, Asia-Pacific is the fastest growing region during the forecast period.

Health clubs or gyms accounted for the maximum share in 2016. However, commercial users are projected to grow at a notable growth rate. It includes hotels, offices, public institutions, and hospitals. Hotels have emerged as a significant end user segment in other commercial users. The hotels have started with their integrations with fitness clubs and gymnasiums to provide an overall experience to the members. Business travelers are said to be one of the major end users of gym equipment in hotels, thereby providing a pleasant stay for the customers.

The hoteliers have also initiated membership programmers to their frequent guests at affordable rates to increase their customer base. For instance, Trump Hotel, a U.S.-based luxury 5-star hotel, entered into a partnership with Technogym, a leading player in the market, to enhance travel experience of its health-conscious guests through its Trump Wellness Program.

The report includes comprehensive analysis of the key players in this market such as eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., IncludeFitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and Nautilus Inc.

Key Benefits for Stakeholders

  • 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.
  • Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

Connected Gym Equipment Market Key Segments:

Connected Gym Equipment Market by Type

  • Cardiovascular training equipment
  • Strength training equipment
  • Other equipment

Connected Gym Equipment Market by End User

  • Residential
  • Gym/health clubs
  • Commercial users

Connected Gym Equipment Market by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Italy
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment pockets
3.2.2. Top winning strategies
3.2.3. Top impacting factors

3.3. KEY PLAYERS POSITIONING, 2016
3.4. PORTER’S FIVE FORCES ANALYSIS

3.4.1. Bargaining powers of suppliers
3.4.2. Bargaining powers of buyers
3.4.3. Threat of substitution
3.4.4. Low threat of new entrant
3.4.5. High competitive rivalry

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increased adoption of smartphones
3.5.1.2. Rising health awareness
3.5.1.3. Increase in obese population
3.5.1.4. Growth in number of gyms and fitness clubs

3.5.2. Restraints

3.5.2.1. High cost of connected gym equipment

3.5.3. Opportunities

3.5.3.1. Rise in disposable income across developing economies

Chapter: 4 CONNECTED GYM EQUIPMENT MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. CARDIOVASCULAR TRAINING EQUIPMENT

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market size and forecast, by country
4.2.4. Treadmill
4.2.5. Elliptical
4.2.6. Stationary bike
4.2.7. Others

4.3. STRENGTH TRAINING EQUIPMENT

4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market size and forecast, by country

4.4. OTHERS

4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market size and forecast, by country

Chapter: 5 CONNECTED GYM EQUIPMENT MARKET, BY END USER

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. RESIDENTIAL

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market size and forecast, by country

5.3. GYM

5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market size and forecast, by country

5.4. OTHER COMMERCIAL USERS

5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market size and forecast, by country

Chapter: 6 CONNECTED GYM EQUIPMENT MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by end user
6.2.4. Market size and forecast, by country

6.2.4.1. U.S.
6.2.4.2. Canada
6.2.4.3. Mexico

6.3. EUROPE

6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by end user
6.3.4. Market size and forecast, by country

6.3.4.1. UK
6.3.4.2. Germany
6.3.4.3. Italy
6.3.4.4. France
6.3.4.5. Rest of Europe

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by end user
6.4.4. Market size and forecast, by country

6.4.4.1. China
6.4.4.2. India
6.4.4.3. Japan
6.4.4.4. Korea
6.4.4.5. Rest of Asia-Pacific

6.5. LAMEA

6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by end user
6.5.4. Market size and forecast, by country

6.5.4.1. Latin America
6.5.4.2. Middle East
6.5.4.3. Africa

Chapter: 7 COMPANY PROFILES

7.1. EGYM

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves & developments

7.2. LES MILLS INTERNATIONAL

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves & developments

7.3. LIFE FITNESS

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves & developments

7.4. PRECOR

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves & developments

7.5. TECHNOGYM

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves & developments

7.6. DRAPER INC.

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves & developments

7.7. INCLUDEFITNESS INC.

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves & developments

7.8. PARADIGM HEALTH & WELLNESS INC.

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves & developments

7.9. JOHNSON HEALTH TECH CO. LTD.

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves & developments

7.10. NAUTILUS INC.

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves & developments

LIST OF TABLES

TABLE 1. CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM CARDIOVASCULAR TRAINING EQUIPMENT, BY REGION, 2016-2023 ($MILLION)
TABLE 3. CARDIOVASCULAR TRAINING EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 4. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM STRENGTH TRAINING EQUIPMENT, BY REGION, 2016-2023 ($MILLION)
TABLE 5. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM OTHER EQUIPMENT, BY REGION, 2016-2023 ($MILLION)
TABLE 6. CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 7. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM RESIDENTIAL USERS, BY REGION, 2016-2023 ($MILLION)
TABLE 8. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM GYM/HEALTH CLUBS, BY REGION, 2016-2023 ($MILLION)
TABLE 9. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM COMMERCIAL USERS, BY REGION, 2016-2023 ($MILLION)
TABLE 10. GLOBAL CONNECTED GYM EQUIPMENT MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. U.S.: POPULATION & HEALTH PARAMETERS
TABLE 12. NORTH AMERICAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 13. NORTH AMERICAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 15. U.S. CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 16. U.S. CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 17. CANADA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 18. CANADA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 19. MEXICO CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. MEXICO CONNECTED GYM EQUIPMENT MARKET, BY CHANNEL, 2016-2023 ($MILLION)
TABLE 21. EUROPEAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 22. EUROPEAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 23. EUROPEAN CONNECTED GYM EQUIPMENT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 24. UK CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. UK CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 26. GERMANY CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 27. GERMANY CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 28. ITALY CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 29. ITALY CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 30. FRANCE CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 31. FRANCE CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 32. REST OF EUROPE CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 33. REST OF EUROPE CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 35. ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 36. ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 37. CHINA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 38. CHINA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 39. INDIA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 40. INDIA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. JAPAN CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 42. JAPAN CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 43. KOREA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 44. KOREA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 45. REST OF ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 46. REST OF ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 47. LAMEA CONNECTED GYM EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 48. LAMEA CONNECTED GYM EQUIPMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 49. LAMEA CONNECTED GYM EQUIPMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 50. LATIN AMERICA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 51. LATIN AMERICA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 52. MIDDLE EAST CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 53. MIDDLE EAST CONNECTED GYM EQUIPMENT MARKET, BY CHANNEL, 2016-2023 ($MILLION)
TABLE 54. AFRICA CONNECTED GYM EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 55. AFRICA CONNECTED GYM EQUIPMENT MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 56. EGYM: COMPANY SNAPSHOT
TABLE 57. EGYM: OPERATING SEGMENTS
TABLE 58. EGYM: PRODUCT PORTFOLIO
TABLE 59. LES MILLS INTERNATIONAL: COMPANY SNAPSHOT
TABLE 60. LES MILLS INTERNATIONAL: OPERATING SEGMENTS
TABLE 61. LES MILLS INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 62. LIFE FITNESS: COMPANY SNAPSHOT
TABLE 63. LIFE FITNESS: OPERATING SEGMENTS
TABLE 64. LIFE FITNESS: PRODUCT PORTFOLIO
TABLE 65. PRECOR: COMPANY SNAPSHOT
TABLE 66. PRECOR: OPERATING SEGMENTS
TABLE 67. PRECOR: PRODUCT PORTFOLIO
TABLE 68. TECHNOGYM: COMPANY SNAPSHOT
TABLE 69. TECHNOGYM: OPERATING SEGMENTS
TABLE 70. TECHNOGYM: PRODUCT PORTFOLIO
TABLE 71. DRAPER INC.: COMPANY SNAPSHOT
TABLE 72. DRAPER INC.: OPERATING SEGMENTS
TABLE 73. DRAPER INC.: PRODUCT PORTFOLIO
TABLE 74. INCLUDEFITNESS INC.: COMPANY SNAPSHOT
TABLE 75. INCLUDEFITNESS INC.: OPERATING SEGMENTS
TABLE 76. INCLUDEFITNESS INC.: PRODUCT PORTFOLIO
TABLE 77. PARADIGM HEALTH & WELLNESS INC.: COMPANY SNAPSHOT
TABLE 78. PARADIGM HEALTH & WELLNESS INC.: OPERATING SEGMENTS
TABLE 79. PARADIGM HEALTH & WELLNESS INC.: PRODUCT PORTFOLIO
TABLE 80. JOHNSON HEALTH TECH CO. LTD.: COMPANY SNAPSHOT
TABLE 81. JOHNSON HEALTH TECH CO. LTD.: OPERATING SEGMENTS
TABLE 82. JOHNSON HEALTH TECH CO. LTD.: PRODUCT PORTFOLIO
TABLE 83. NAUTILUS INC.: COMPANY SNAPSHOT
TABLE 84. NAUTILUS INC.: OPERATING SEGMENTS
TABLE 85. NAUTILUS INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. GLOBAL CONNECTED GYM EQUIPMENT MARKET: EXECUTIVE SUMMARY
FIGURE 2. CONNECTED GYM EQUIPMENT MARKET SEGMENTATION
FIGURE 3. TOP INVESTMENT POCKETS, BY REGION, 2016
FIGURE 4. TOP IMPACTING FACORS OF CONNECTED GYM EQUIPMENT MARKET
FIGURE 5. KEY PLAYERS POSITIONING, 2016
FIGURE 6. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 7. HIGH BARGAINING POWER OF BUYERS
FIGURE 8. MODERATE THREAT OF SUBSTITUTION
FIGURE 9. LOW THREAT OF NEW ENTRANT
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. MARKET DYNAMICS
FIGURE 12. NUMBER OF SMARTPHONE USERS WORLDWIDE (UNIT BILLION)
FIGURE 13. PREVALENCE OF BEING OVERWEIGHT (BMI >=25), IN ADULTS OVER 18 YEARS, 2010 & 2014
FIGURE 14. FITNESS CLUBS AND GYM MEMBERSHIPS IN THE U.S. (MILLION)
FIGURE 15. WORLD YOUTH POPULATION, AGES 15-24, BY REGION, 1970-2015
FIGURE 16. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM CARDIOVASCULAR TRAINING EQUIPMENT, BY COUNTRY SHARE, 2016 (%)
FIGURE 17. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM STRENGTH TRAINING EQUIPMENT, BY COUNTRY SHARE, 2016 (%)
FIGURE 18. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM OTHER EQUIPMENT, BY COUNTRY SHARE, 2016 (%)
FIGURE 19. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM RESIDENTIAL USERS, BY COUNTRY SHARE, 2016 (%)
FIGURE 20. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM GYM/HEALTH CLUBS, BY COUNTRY SHARE, 2016 (%)
FIGURE 21. CONNECTED GYM EQUIPMENT MARKET REVENUE FROM COMMERCIAL USERS, BY COUNTRY SHARE, 2016 (%)
FIGURE 22. GLOBAL CONNECTED GYM EQUIPMENT MARKET, BY REGION, 2016 (%)
FIGURE 23. U.S. CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 24. CANADA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 25. MEXICO CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 26. UK CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 27. GERMANY CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 28. ITALY CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 29. FRANCE CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 30. REST OF EUROPE CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 31. CHINA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 32. INDIA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 33. JAPAN CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 34. KOREA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 35. REST OF ASIA-PACIFIC CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 36. LATIN AMERICA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 37. MIDDLE EAST CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 38. AFRICA CONNECTED GYM EQUIPMENT MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 39. EGYM: REVENUE, 2014-2016 ($MILLION)
FIGURE 40. EGYM: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 41. EGYM: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 42. LES MILLS INTERNATIONAL: REVENUE, 2014-2016 ($MILLION)
FIGURE 43. LES MILLS INTERNATIONAL: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 44. LES MILLS INTERNATIONAL: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 45. LIFE FITNESS: REVENUE, 2014-2016 ($MILLION)
FIGURE 46. LIFE FITNESS: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 47. LIFE FITNESS: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 48. PRECOR: REVENUE, 2014-2016 ($MILLION)
FIGURE 49. PRECOR: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 50. PRECOR: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 51. TECHNOGYM: REVENUE, 2014-2016 ($MILLION)
FIGURE 52. TECHNOGYM: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 53. TECHNOGYM: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 54. DRAPER INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 55. DRAPER INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 56. DRAPER INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 57. INCLUDEFITNESS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 58. INCLUDEFITNESS INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 59. INCLUDEFITNESS INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 60. PARADIGM HEALTH & WELLNESS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 61. PARADIGM HEALTH & WELLNESS INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 62. PARADIGM HEALTH & WELLNESS INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 63. JOHNSON HEALTH TECH CO. LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 64. JOHNSON HEALTH TECH CO. LTD.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 65. JOHNSON HEALTH TECH CO. LTD.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 66. NAUTILUS INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 67. NAUTILUS INC.: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 68. NAUTILUS INC.: REVENUE SHARE BY GEOGRAPHY, 2015 (%)

 

Connected gym equipment market is projected to witness a sharp growth in the coming years owing to requirement of smart gym equipment across residential and commercial sector. North America is the largest market for connected gym equipment across the world. A larger base of obese population in the region has led to higher adoption of smart dumbbells, kettlebells, cross trainer, and other equipment. The market is driven by the prevalence of high obesity rates, which has led to greater adoption of connected gym equipment in the region. Rise in obesity rates, increase in health consciousness, and awareness of benefits provided by these smart devices would lead to larger number of new fitness facilities to set up and increase in membership rates. Such factors are expected to boost the requirement of the connected gym equipment market in the region.

Increase in disposable income and rapid economic growth in Asia-Pacific have led to sedentary lifestyles and increased spending on fast foods, leading to unhealthy lifestyles. This has increased the incidence of lifestyle diseases such as obesity, diabetes, heart disease, hypertension, and other bone diseases. Growth in awareness among people about long-term consequences of such diseases has encouraged people to stay fit by working out at gyms and fitness centers. The use of strength training equipment among the youth population is expected to increase at a faster pace in the near future. These factors are anticipated to make Asia-Pacific, the fastest growing regions in the connected gym equipment industry during the forecast period.

 

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