Connected Gym Equipment Size, Share, Growth Analysis, By Equipment Type (Cardiovascular Training Equipment, Strength Training Equipment), By Connectivity Type (Bluetooth, Wi-Fi), By End User, By Region - Industry Forecast 2025-2032

Report ID: SQMIG25J2065 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

Connected Gym Equipment Market News

In May 2023, Peloton Interactive Inc. made a significant announcement regarding its workforce, revealing plans to reduce its employee count by approximately 20%, translating to 2,800 employees.
In June 2023, Tonal, a prominent manufacturer of connected weight machines, unveiled a strategic shift in its operational approach.

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Global Connected Gym Equipment Market size was valued at USD 734.5 million in 2022 and is poised to grow from USD 967.34 million in 2023 to USD 8755.15 million by 2031, growing at a CAGR of 31.7% during the forecast period (2024-2031).

The competitive landscape of the global connected gym equipment market is a dynamic arena marked by innovation, technological prowess, and a relentless drive to redefine fitness experiences. Industry leaders, as well as emerging players, engage in a spirited race to introduce cutting-edge solutions that seamlessly blend fitness and technology. Established brands leverage their extensive experience to enhance user engagement through intuitive interfaces, personalized workout plans, and data-driven insights. 'Technogym S.p.A ', 'Peloton Interactive Inc. ', 'Bowflex (Nautilus Inc.) ', 'EGYM Inc. ', 'Tonal Systems Inc. ', 'Hydrow ', 'FightCamp ', 'Core Health and Fitness LLC ', 'Johnson Health Tech Co. Ltd. ', 'True Fitness Technology Inc. ', 'Impulse Health Tech Co. Ltd. ', 'Blue Goji Corp. ', 'MYXfitness LLC ', 'Draper Inc. ', 'Clmbr ', 'Torque Fitness LLC ', 'Paradigm Health and Wellness Inc. ', 'Cosco Capital Inc.'

The growing awareness and concern for health and fitness, driven by the desire for healthier lifestyles, is a major driver for the connected gym equipment market. Individuals are increasingly seeking technologically advanced solutions that offer personalized fitness tracking, real-time data analysis, and interactive workout experiences, aligning perfectly with the capabilities of connected gym equipment.

Virtual Workouts and Remote Training: The fitness industry has witnessed a surge in virtual workouts and remote training solutions. With the advancement of technology and the rise of connected gym equipment, individuals can now access personalized workout sessions, guided by professional trainers, from the comfort of their homes. This trend was further accelerated by the COVID-19 pandemic, which prompted a shift towards digital fitness experiences. Virtual workouts offer convenience, flexibility, and the ability to tailor fitness routines to individual needs. As a result, fitness companies are investing in interactive platforms and applications that provide real-time feedback, virtual classes, and on-demand workouts, enhancing the accessibility and inclusivity of fitness for a broader audience.

In the intricate tapestry of the global connected gym equipment market, North America emerges as the dominating region, setting the pace with its tech-savvy populace and heightened emphasis on health and fitness. With a culture that prizes innovation and wellness, North America commands a substantial portion of the market share. The fusion of cutting-edge technology with fitness regimens resonates deeply in this region, fostering a strong demand for connected gym equipment.

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Connected Gym Equipment Size, Share, Growth Analysis, By Equipment Type (Cardiovascular Training Equipment, Strength Training Equipment), By Connectivity Type (Bluetooth, Wi-Fi), By End User, By Region - Industry Forecast 2025-2032

Connected Gym Equipment Market News

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