Connected Gym Equipment Market to Grow at a CAGR of 27% by 2025 | Cardiovascular Training Equipment Segment to be Significant for Revenue Generation | 17000+ Technavio Reports

NEW YORK, June 21, 2022 / PRNewswire / – The connected gym equipment market share is expected to increase by USD 11.12 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 27%.

Technavio has announced its latest market research report titled Connected Gym Equipment Market by Product, End-user, and Geography – Forecast and Analysis 2021-2025

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The connected gym equipment market is categorized by Technavio as part of the global leisure products market. The connected gym equipment market research provides valuable insights on the market, which will help companies evaluate their business approaches.

Connected Gym Equipment Market: Key Drivers

The increase in smartphone penetration and the growing demand for connected services is driving the connected gym equipment market. Smartphone penetration is increasing globally. South Korea, Israelthe US, Spain, Canada the UK, Australia, Malaysia, Chileand Germany are the top smartphone penetration rates. The increasing internet speed is impacting the distribution and consumption of various online services. With improved networks, coverage, and innovative technologies (4G / LTE, 3G, or Long-Term Evolution), data consumption globally is increasing. The demand for connected fitness products and connected equipment is also increasing. Connected fitness is a rapidly expanding market that begins with physical activity tracking and data collection and displays through wearable devices, mobile apps, and more. Vendors focus on developing gym equipment that can be connected to an app. For instance, in September 2020Peloton launched two new products named Bike + and Tread smart home gym equipment.

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Connected Gym Equipment Market: Key Challenges

The lack of awareness of products and technology is expected to be a major hindrance to the connected gym equipment market during the forecast period. It is difficult for vendors to penetrate developing markets due to the lack of knowledge about smart products and technology among the population. Vendors need to educate the population on the benefits of products in order to penetrate developing markets. Also, owing to the price-consciousness in developing countries, individuals tend to compare the cost with regular products rather than features and benefits. The awareness of connected gym equipment is low in developing economies. The demand for connected equipment is high in developed countries in the Americas and Europe when compared to developing economies. Developing economies. The price of connected gym equipment is also very high when compared to ordinary gym equipment. It is priced at a premium rate.

Product Insights and News

The connected gym equipment market forecast offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. For instance, Cybex International Inc., a leading vendor, offers connected equipment such as the R series total body arc trainer, and motion cardio unit with extreme efficiency, and effectiveness backed by exercise science.

Vendor Insights

The dominant vendors in the market:

Connected Gym Equipment Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 27%

Market growth 2021-2025

$ 11.12 billion

Market structure


YoY growth (%)


Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

Europe at 33%

Key consumer countries

US, China, Japan, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Cybex International Inc., DJO Global Inc., EGYM Inc., Johnson Health Tech Inc., Life fitness, Nautilus Inc., Precor Inc., SunSai Sports and Fitness, TECHNOGYM Spa, and True Fitness Technology Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report does not include the data that you are looking for, you can reach out to our analysts and get customized segments.

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Europe’s Contribution to Connected Gym Equipment Market

The emergence of Eastern European countries due to the improvements in living standards and the increase in urbanization is expected to propel the connected gym equipment market growth in Europe over the forecast period. The region is expected to contribute 33% of market growth as in the UK and Spain are the key markets for connected gym equipment. Market growth in Europe is expected to be lower than the growth of the market in other regions.

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Market Segmentation

The connected gym market is divided into cardiovascular training and strength training segment. The cardiovascular training equipment segment is expected to be the major contributor to the market during the forecast period. Cardiovascular training equipment Therefore, the replacement of cardiovascular training equipment is higher than that of strength training equipment. Such factors are expected to lead to higher sales of cardiovascular training equipment.

Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Comprehensive details of factors that will challenge the growth of connected gym equipment market vendors

  • A thorough analysis of the market’s competitive landscape and detailed information on vendors

  • Accurate predictions of emerging trends and changes in consumer behavior

  • Market growth during the next five years

  • Precise estimation of the connected gym equipment market size and its contribution to the parent market

  • The growth of the connected gym equipment industry across North America, EuropeAPAC, MEA, and South America

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by End-user

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library and its client base consist of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)



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