Global Connected Gym Equipment Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 31.1% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 14, 2018--The “Connected Gym Equipment Market by Type and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.
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.
Gym equipment connected to a software or application that records the workout of an individual and displays the data is called connected gym equipment. Connected gym equipment are set automatically, following an initial adjustment, to prevent incorrect and potentially harmful seating positions. Exercise station has a touch-operation screen, which displays the optimal sequence of movements. The equipment is connected to the internet and automatically transmits all training data to the trainers app.
According to International Health, Racquet, and Sportsclub Association (IHRSA), in 2014, the number of fitness club memberships in the U.S. increased to 54.1 million, from 51.4 million in 2011. Rise in fitness consciousness and increase in level of health awareness is expected to significantly drive the connected gym equipment market. Improved lifestyle, coupled with rise in disposable income of individuals accelerates the market growth.
The global connected gym equipment market is segmented on the basis of type, end user, and geography. The type segment includes cardiovascular training equipment, strength training equipment, and other equipment. In 2016, treadmills, ellipticals, stationary bike, rowing machine and others have witnessed the maximum revenue generation in 2016. The growth in number of obese population has resulted into huge demand of connected cardiovascular equipment at both residential and commercial spaces. Thus, cardiovascular training equipment generated the maximum revenue.
Companies Mentioned:eGym Les Mills International Life Fitness Precor Technogym Draper Inc. IncludeFitness Inc. Paradigm Health & Wellness Inc. Johnson Health Tech Co. Ltd. Nautilus Inc.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Connected Gym Equipment Market, By Type
Chapter 5 Connected Gym Equipment Market, By End User
Chapter 6 Connected Gym Equipment Market, By Geography
Chapter 7 Company Profiles
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Related Topics:Fitness Centers and Health Clubs
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE HEALTH FITNESS & NUTRITION MOBILE/WIRELESS GENERAL HEALTH
SOURCE: Research and Markets
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PUB: 06/14/2018 07:59 AM/DISC: 06/14/2018 07:59 AM