Technavio has been monitoring the connected gym equipment market and it is poised to grow by $ 7.50 bn during 2020-2024, progressing at a CAGR of over 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Connected Gym Equipment Market 2020-2024 (Graphic: Business Wire)
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Cybex International Inc., Draper Inc., EGYM Inc., Johnson Health Tech Inc., Les Mills International Ltd., Life fitness, Nautilus Inc., Paradigm Health and Wellness Inc., Precor Inc., and TECHNOGYM Spa are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technological advances in connected gym equipment has been instrumental in driving the growth of the market. However, connectivity issues with devices might hamper the market growth.
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Connected Gym Equipment Market is segmented as below:
- Cardiovascular Training Equipment
- Strength Training Equipment
- North America
- South America
connected gym equipment market report covers the following areas:” data-reactid=”38″>Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The connected gym equipment market report covers the following areas:
- Connected Gym Equipment Market Size
- Connected Gym Equipment Market Trends
- Connected Gym Equipment Market Industry Analysis
This study identifies the collaborations between vendors and other tech companies to integrate smart features into gym equipment as one of the prime reasons driving the connected gym equipment market growth during the next few years.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists 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 to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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